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3 years ago

Your text suggests that you look for an agent who has been in the insurance business for how long?

2 answers:

5 0

Most places will recommend looking for an insurance agent that has been in the insurance business for at least two years. This is because they have more experience and knowledge in the field and know where to find the best rates for a client. Insurance is rarely the same for different individuals and fluctuates based on the need of the customer.

Novay_Z [31]3 years ago

4 0

Atleast 2 years.......

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Suppose a project financed via an issue of debt requires six annual interest payments of $20 million each year. If the tax rate

pochemuha

Answer:

$4,200,000

Explanation:

Given :

Annual interest payment = $20 million

Tax rate = 21%

Cost of debt = 6%

The value of the interest rate tax shield is given by :

The tax rate * annual interest payment

Tax rate = 21% = 21/100 = 0.21

Annual interest payment = $20,000,000

The value of interest rate tax shield = (0.21 * $20,000,000) = $4,200,000

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3 years ago

Transactions Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equip

agasfer [191]

Answer:

Oct 1

Rent expense Dr. $2800

Cash Cr. $2800

(To record entry for payment of rent for month)

Oct 3

Advertising expenses Dr. $525

Cash Cr. $525

(To record entry for Advertising expenses)

Oct 5

Supplies Dr. $1250

Cash Cr. $1250

(To record entry for purchase of supplies)

Oct 6

Office equipment Dr. $9300

Accounts Payable Cr. $9300

(To record purchase of office equipment on account)

Oct 10

Cash Dr. $16600

Accounts Receivable Cr. $16600

(To record cash received from customers on account)

Oct 15

Accounts payable Dr. $3720

Cash Cr. $3720

(To record payment made to creditors)

Oct 27

Miscellaneous expenses Dr. $590

Cash Cr. $590

(To record repair expense of office equipment)

Oct 30

Telephone expense Dr. $275

Cash Cr. $275

(To record payment made for telephone bill)

Oct 31

Accounts receivables Dr. $50160

Service fees Cr. $50160

(To record fees earned )

Oct 31

Utility expense Dr. $830

Cash CR $830

(To record payment made for electricity bill)

Oct 31

Personal use Dr. $1700

Cash Cr. $1700

(To record payment of dividend)

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3 years ago

Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of

postnew [5]

Answer:

Segmented income statement of Tubaugh Corp (East Division)

Particulars Amount

Sales $320,000

Less: Variable Expenses $175,000

Contribution Margin $145,000

Less: Direct Fixed Expenses $39,000

Contribution to indirect expenses $106,000

Note: While calculating segement margin, indirect fixed expenses ($143,000 in this case)are not considered, these expenses are considered at the time of calculation of final net inome of company as a whole.

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3 years ago

Although many legal music download sites started up, because of the technology, only a few have survived. It is likely that onli

otez555 [7]

Answer:

c. have decreasing long-run average cost curves.

Explanation:

Although many legal music download sites started up, because of the technology, only a few have survived. It is likely that online music firms which has ecreasing long-run average cost curves.

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3 years ago

the _____ principle states that inventory costs are expensed as cost of goods sold when inventory is sold.

mr Goodwill [35]

The school principal!

Glad I can help

6 0

3 years ago

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