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3 years ago

Planning for the possiblity that your home might get struck by lightning and catch on fire is part of a plan for _____.

Business

2 answers:

olasank [31]3 years ago

7 0

The correct answer is D !!!!!!!!!!!!!!!!

AysviL [449]3 years ago

5 0

<span>Planning for the possibility that your home might get struck by lightning and catch on fire is part of a plan for protecting assets. This planning falls under protecting your assets because you are taking initiative by making sure your home is protected in the event it is struck by lighting or catches on fire. The plan you develop will make sure your assets are protected and allows you to have steps in place to make sure that you do not lose everything without protection. </span>

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The local city council passes a law that establishes a maximum rent for apartments in your city. Which of the following is likel

oksano4ka [1.4K]

Answer:

The local city council passes a law that establishes a maximum rent for apartments in your city. Which of the following is likely to happen?

Demand for cheap apartments will increase

Explanation:

When there is maximum price set aside for a good or services, the demand for lower goods would be increased. From the analogy above, since the maximum rent as been set aside, then the demand for cheap apartments will increase as a result of the decision because people would prefer lower prices

7 0

3 years ago

The Fortise Corporation manufactures two types of vacuum cleaners, the Victor for commercial building use and the House-Mate for

jolli1 [7]

Answer:

The Fortise Corporation

The total sales-mix variance closest to $1,055,000 in terms of the contribution margin.

Explanation:

a) Data and Calculations:

Static Budget Victor House-Mate Total

Total Number sold 20,000 80,000 100,000

Contribution margin $4,600,000 $15,200,000 $19,800,000

Actual Results Victor House-Mate Total

Number sold 21,500 64,500 86,000

Contribution margin $6,665,000 $14,190,000 $20,855,000

Variance

Number sold 1,500 F 15,500 U 14,000 U

Contribution margin $2,065,000 F $1,010,000 U $1,055,000 F

4 0

3 years ago

In September of Year 1, Hansen Company issued a note payable to borrow money from its bank. Principal and interest on the note w

Ghella [55]

Answer: True

Explanation:

As a result of the Accrual principle in accounting, transactions need to be recorded in the period that they occur in and not in the period they are paid for in.

The interest in Year 1 was incurred in year 1 and so will need to be recorded in year 1 for the period from issuance of the note to the last day of the accounting period.

This means that if the last day of the accounting period is December 31st, the interest for year 1 would have to be accrued from September to December of year 1 and recorded as year 1 interest.

4 0

4 years ago

The four important characteristics that define a perfectly competitive market are: Multiple Choice standardized good, full infor

Kazeer [188]

Answer:

standardized good, full information, no transactions costs, participants are price takers.

Explanation:

Perfectly competitive markets are theoretical, because even commodities' markets (e.g. corn, oil, etc.) do not comply 100% with all the characteristics of a perfectly competitive market, but are close enough to consider them as such.

The 5 characteristics of perfectly competitive markets are:

Many participants (many buyers and sellers)
Standardized goods or services
Zero transaction costs
No barriers to entry
All participants can access perfect information

As I said before, no market complies 100% with these requirements, but some commodities' markets get close enough, but even there:

commodity traders charge a transaction fee
capital is a great barrier to entry that cannot be eliminated, e.g. it costs millions to drill and sell oil
not all participants will be able to access perfect information

4 0

4 years ago

The additional benefit of producing one more roast beef sandwich at a local deli is $2. The additional cost of producing one mor

patriot [66]

Answer:

Not produce any additional roast beef sandwich

Explanation:

Allocative efficiency is reached when the marginal benefit or producing one more unit of output equals the marginal cost.

Allocative efficiency - Marginal Benefit (MB) = Marginal Cost (MC)

For this local deli, producing one more roast beef sandwich has a marginal benefit of $2, and a marginal cost of $3, we have:

MB = MC

$2 = $3

For the local deli, in this situation there is no allocative efficiency because the marginal cost is higher than the marginal benefit, therefore, the firm should not produce any additional roast beef sandwiches.

6 0

4 years ago