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3 years ago

Difference between compulsory and non-compulsory insurance

1 answer:

7 0

Compulsory insurance is a type of insurance that is required by law before you can engage in specific activities. This kind of insurance is meant to protect you from harm in some way, an example would be the legal requirement to have auto insurance to drive a car or having health insurance in the United States.

Non compulsory insurance is pretty much everything that you are not required to have, insurance such as travel insurance, life insurance, phone insurance, etc. Although it is a good idea to get these, they are not required.

Non compulsory basically means voluntary while compulsory means required.

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A salesperson lacking goals will drift around their territory, wasting time and energy. Group startsTrue or False

ddd [48]

The answer here is TRUE. A salesperson that is lacking goals is no longer a need in an organization.

5 0

3 years ago

Blanchard Company manufactures a single product that sells for $180 per unit and whose total variable costs are $135 per unit. T

fomenos

Answer:

Part (a)

At the break-even position, the Income Statement is as under:

Sales 12500 * $180 $2,250,000

Variable costs 12500 * $135 ($1,687,500)

Contribution Margin $562,500

Fixed Cost ($562,500)

Profit for the year $0

Part (B)

The sales required to breakeven due to increased fixed cost is $2,790,000

Explanation:

The breakeven point at normal fixed costs is:

Breakeven Point = Fixed Cost / Contribution per unit

Putting values we have:

Breakeven Point = $562,500 / ($180 - $135) = 12500 Units.

If the fixed costs increases by $135,000 which means the fixed cost becomes $697,500 then the breakeven point increases to:

Breakeven Point = $697,500 / ($180-135) = 15500 Units

The Sales required in dollars to breakeven on this new fixed cost level is:

Breakeven Sales = 15500 Units * 180 = $2,790,000

6 0

3 years ago

Greg, the CEO of Organic Market, wants managers and employees to instruct each other about the organization’s chosen values and

malfutka [58]

Answer: Embed company culture

Explanation: Company culture refers to the values and beliefs of an organisation that runs at every level of the operations. Every employee of the organisation have to work by following that company culture.

In the given case, Greg is trying to make a communication channel in the organisation so that every employee can get a sense of the company culture that runs in the workplace.

Hence we can conclude that he is trying to embed the company culture.

8 0

3 years ago

The recording of transactions and events is called:.

Vaselesa [24]

Record-keeping.

Explanation:

The definition of record keeping is keeping records, or units of preserved information. This information can also be kept in books, which brings us to another term; bookkeeping.

8 0

2 years ago

Complete this analogy: The computer is to hardware as a productivity program is to _____.

nikitadnepr [17]

Answer:

3. Software

Explanation:

7 0

3 years ago