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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:

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For a certain product, the cost function is linear with fixed costs of $480. If the product will sell for $25 per unit and the b
MArishka [77]

Answer:

Marginal Cost = $19

Marginal Profit = $6

Explanation:

Break even quantity = \frac{fixed cost}{contribution per unit}

80 = \frac{480}{contribution}

Contribution = \frac{480}{80} = 6 per unit

Contribution = Sales - Variable cost = $25 - VC = $6

$25 - $6 = VC = $19

Marginal cost is cost incurred for every additional unit produced, i.e. variable cost = $19, as fixed cost remains constant.

Marginal revenue is additional revenue on sale of every unit = contribution per unit = $6

Marginal cost = $19

Marginal Profit = $6

7 0
3 years ago
After spending a summer "down under," two Oregon friends, Rick and Mick, created a general partnership to import emu from Austra
I am Lyosha [343]

Answer:

A. True

Explanation:

The Uniform Partnership Act, is an act that exists for the regulation of commercial partnerships of the states of the USA (with the exception of Louisiana).

Therefore, the question is true, as the law stipulates that in a common property, profits and losses must be shared equally and each party must have the right to obtain regular knowledge and receipt of the financial statements that relate to the business.

8 0
3 years ago
Subsidies also distort resource allocation by encouraging excessive energy consumption, artificially promoting capital-intensive
Agata [3.3K]

Answer:

True

Explanation:

This is a negative effect of energy subsidizes. Usually governments decide to subsidize energy consumption as a way of helping low income consumers and businesses. But at the end that doesn't happen and the results are quite the opposite. Most of the subsidies are taken by higher income families, e.g. big luxury homes use a lot of electricity. Subsidies end up reinforcing inequalities and the lower income families usually pay a higher percentage of the cost of having them.

8 0
3 years ago
Tactical managers are often referred to as _____ managers
Liula [17]

Tactical managers are often known as the middle manager.

Manager in the middle. Middle-level managers are superior to front-line managers and team leaders. They are responsible for transforming the basic goals and plans set by strategic managers into more particular objectives and activities. They are also known as tactical managers.

Furthermore, the middle manager serves as a communication conduit inside the business, relaying significant leadership decisions and the organization's principal goals to lower-level personnel. This adds to greater worker collaboration and makes a firm more cohesive.

Therefore, the answer is middle manager.

To know more about middle manager click here:

brainly.com/question/20597839

#SPJ4

7 0
1 year ago
Bonnie's employer provides her with an annual dinner club membership costing $5,000. Her marginal tax rate is 24 percent. Her em
Nikolay [14]

Answer:

$3,800

Explanation:

The computation of the after-tax benefit is shown below:

= Annual dinner club membership cost - annual dinner club membership cost × her marginal tax rate

= $5,000 - $5,000 × 24%

= $5,000 - $1,200

= $3,800

We simply deduct her tax expense from the annual dinner club membership cost so that the accurate amount can come.

All other information which is given is not relevant. Hence, ignored it

8 0
3 years ago
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