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Feliz [49]
3 years ago
6

An insurance company’s procedure for settling a claim under $10,000 for fire or water damage to a home owner is to require two e

stimates for cleanup and repair of structural damage before allowing the insured to proceed with the work. The insurance company compares estimate from two contractors who most frequently handle this type of work in this geographical area. Assume the contractor estimates are normally distributed.
At the 5% level of significance, is there a difference between the two contractors?
Business
1 answer:
vagabundo [1.1K]3 years ago
5 0

Answer:

no. both companies need to keep strong insurance just incase of an emergency or a customber has a question.

Explanation:

You might be interested in
has a standard of 2 direct labor hours per unit. The standard wage rate of each worker is $32.50 per hour. In July, the company
ikadub [295]

Answer:

$130 Favourable

Explanation:

Given the above information,

Standard hours = 2 × 4770 = 9,540

Actual hours = 8,940

Standard rate = $32.50

Then, Direct labor efficiency variance is computed as

= ( Standard hours allowed for production - Actual hours taken) × Standard rate per direct labor hour

= [(2 × 4,770) - 8,940] × $32.50

= [9,540 - 8,940] × $32.50

= 600 × $32.50

= $130 Favourable

6 0
2 years ago
On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 210,000 shares of $30 par common stock at $34,
adoni [48]

Answer:

Jan. 22

Dr Cash $7,140,000

Cr Common Stock $6,300,000

Cr Paid in capital in excess of par $840,000

Feb. 27

Dr Cash $180,000

Cr Preferred Stock $135,000

Cr Paid-In Capital in Excess of Par-Preferred $45,000

Explanation:

Preparation of the entries for January 22 and February 27.

Jan. 22

Dr Cash $7,140,000

(210,000*$34)

Cr Common Stock $6,300,000

(210,000*$30)

Cr Paid in capital in excess of par $840,000

($7,140,000-$6,300,000)

Feb. 27

Dr Cash $180,000

(15,000*$12)

Cr Preferred Stock $135,000

(15,000*$9)

Cr Paid-In Capital in Excess of Par-Preferred $45,000

($180,000-$135,000)

7 0
3 years ago
Monette has posted over 100 book reviews on amazon.com. she also frequently reviews products and services on epinions and posts
Svetach [21]
<span>As a social media user, Monette would best be characterized as the "Critic".
There are seven types of Social media user:
the creator, the conversationalist, the critic, the collector, the joiner, the spectator and the inactive.
Each user have their own functions. Critic refers to</span><span> the person who answers and responds to content that are posted by others, they also post reviews and comments about the products and services.</span>
4 0
3 years ago
Consider the supply of avocados. explain why a change in the price of fertilizer causes a shift in the supply curve for avocados
allsm [11]

I believe the answer is: D. a change in the cost of inputs changes how much a producer will supply at a given price

Fertilizer is considered to be an input for the avocado since it is an integral part for the avocado producers to transform raw material (Avocado seeds) into a finished product (full grown avocado), Which mean when the cost of fertilizer is increased, the amount of capital needed before their avocado is ready to sell would also increased.

5 0
3 years ago
Which phase of decision making finds or recognizes a problem?a) Intelligenceb) Designc) Choiced) Implementation
Mashcka [7]

Answer:

a) Intelligence

Explanation:

Intelligence phase is the first phase in decision making process. It basically attempts to first identify what problems do the organization faces. What are the relevant opportunities for the organisation.

Performing the basic SWOT analysis is the basic aim of this stage. Though it  is not the complete SWOT analysis. But it identifies the opportunities, the data is collected then, and then the possible problems and hindrance are identified.

6 0
3 years ago
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