Answer:
“a practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium.” - Oxford language
Explanation:
Hope this helped
Answer:
D) Backward integration
Explanation:
A backward integration strategy is a type of vertical integration where a company starts producing materials or components previously purchased from vendors. E.g. Boeing purchases its wing flap motors from a vendor, but if it decides to produce them themselves it will carry out a backward integration (upstream).
Answer:
The relative market share of the product
Explanation:
Relative market share of a company or product is a measure that is used to compare the market of a company or product to the market of the largest company, product or competitor in the market. That is, the benchmark that is employed to estimate relative market share is the market share of the leader in the market.
Relative market share is useful in assessing the success, strength and position of a product or firm in the market.
Therefore, Heather is working on determining the relative market share of the product.
Addition to Retained Earnings will be the amount will be Net Income as calculated using the above information:
Net income will be calculated as below:
Sales...........................................................$680000
Less: Cost of Sales.................................$342000
Less: Depreciation..................................$86000
Less: Interest Expense.........................$53000
Earnings Before Tax...............................$199000
Less [email protected] 23%.........................................$45770
Net Income..............................................$153230
Thus Income of $153230 will be added to Retained earnings and Cash dividend of $40000 will be reduced from therein.
