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4 years ago

Insurance companies use several factors or considerations to evaluate drivers as being __________

1 answer:

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Insurance companies use several factors or considerations to evaluate drivers as being qualified for insurance. Drivers need to be qualified by their insurance company to make sure they are qualified to hold insurance and also, what their rates will be. Insurance companies will ask those in question of being insured what their driving history is like, education, work, vehicle, age and other information to decide their insurance qualifications and rate.

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Those who hold jobs that require manual labor are in the a. working class. c. underclass. b. upper middle class. d. lower middle

FrozenT [24]

Answer:

Explanation:

6 0

3 years ago

Read 2 more answers

Contribution Margin Concepts The following information is taken from the 2017 records of Hendrix's Guitar Center. Fixed Variable

makvit [3.9K]

Answer and Explanation:

a. The computation of the contribution margin ratio and annual break even dollar sales volume is shown below:

Total sales $2,250,000

Less: Variable cost:

Goods sold -$1,012,500

Labor -$180,000

Supplies -$15,000

Utilities -$39,000

Advertising -$73,500

Miscelloneous -$30,000

Total variable cost ($1,350,000)

So, Contribution margin ratio $900,000

Now

Contribution margin ratio is

= contribution margin ÷ sales

= $900,000 ÷ $2,250,000

= 40%

And,

Annual breakeven dollars in sales volume is

= Fixed cost ÷ contribution margin ratio

= $630,000 ÷ 40%

= $1,575,000

b. Now the margin of safety in dollars is

= Current sales level - Break even sales level

= $2,250,000 - $1,575,000

= $675,000

d. Now the annual break even in dollars is

= Total fixed cost ÷ contribution margin

= ($630,000 + $100,000) ÷ 40%

= $730,000 ÷ 40%

= $1,825,000

We simply applied the above formulas

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4 years ago

A lender estimates that the closing costs on a $293,600 home loan will be $11,010. the actual closing costs were 3.25% of the lo

mestny [16]

The closing cost of the house mortgage is lower than the envisioned by 0.5%.

<h3>What is the closing cost?</h3>

Closing expenses are the prices over and above the property's rate that consumers and dealers generally incur to finish an actual property transaction.

Those expenses may also encompass mortgage origination fees, cut price points, appraisal fees, name searches, name insurance, surveys, taxes, deed recording fees, and credit score file charges.

The lender is required by regulation to expose those expenses in the form of a mortgage estimate within 3 days of a domestic mortgage application.

Gifts of equity (actual property income given to a relative or close pal at a below-marketplace rate) can also incur a few closing cost.

So, from the above announcement, it's clear that alternative D, decreasing by 0.5%, is an appropriate answer.

Learn more about closing cost, refer to:

brainly.com/question/1084194

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3 years ago

Ed is taking off from work for 4 hrs. the afternoon and going to a baseball game. The ticket to the game cost $25 and it costs $

adell [148]

Answer:

The correct answer is option c.

Explanation:

The opportunity cost of a decision is the cost of sacrificing the second-best alternative. It is the indirect or implicit cost involved in a process.

The ticket to the game costs $25 and it costs $15 to park at the stadium.

Ed earns $15 an hour at this job.

He is taking off from work for 4 hrs. the afternoon and going to a baseball game.

The opportunity cost of going to the game will be equal to the wage he could have earned if he went to work instead of the game.

The opportunity cost

= $\$ 15\ \times\ 4$

= $60

5 0

4 years ago

Seventy percent of Parlee Corporation's sales are collected in the month of sale, 25% in the month following sale, and 5% in the

Gnoma [55]

Answer:

C) $370,000

Explanation:

sales expressed in thousands of $

Month total sales collected in collected in collected

current m. 70% next m. 25% 2 m. 5%

Jan. 600 420

Feb. 700 490 150

Mar. 500 350 175 30

Apr. 300 <u>210</u> <u>125</u> <u>35</u>

May 75 25

June 15

total cash collection in April = $210,000 + $125,000 + $35,000 = $370,000

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4 years ago