Which one to choose (please tell me if u have trouble seeing)

Another term that means the same thing as "insurance company" is:

Ipatiy [6.2K]

It is the insurer because he ensures the insured that all is well and engages in a pool of risk.

6 0

3 years ago

The winds of the recent hurricanes in Florida are bringing significant financial gain to California orange growers. Due to the e

Vedmedyk [2.9K]

Answer:

The correct answer is option d.

Explanation:

Unfavorable weather in Florida has adversely affected the production of Florida oranges. The decline in production has led to reduced supply of Florida oranges. This decrease in supply will lead to an increase in the price.

As Florida oranges and California oranges are substitutes, with the increase in the price of Florida oranges will lead to an increase in the demand for California oranges as people will prefer the cheaper substitute.

6 0

3 years ago

A. On March 2, Sheridan Company purchased $862,000 of merchandise from Skysong Company, terms 2/10, n/30.

Delicious77 [7]

Answer:

Sheridan Company

Journal Entries:

a. March 2: Debit Inventory $862,000

Credit Accounts Payable (Skysong Company) $862,000

To record the purchase of merchandise on credit terms 2/10, n/30.

b. March 6: Debit Accounts Payable (Skysong Company) $110,700

Credit Inventory $110,700

To record the return of merchandise on account.

c. March 12: Debit Accounts Payable (Skysong Company) $751,300

Credit Cash $736,274

Credit Cash Discounts $15,026

To record the payment on account in full settlement, including cash discounts.

Explanation:

1) Data and Analysis:

a. March 2: Inventory $862,000 Accounts Payable (Skysong Company) $862,000 terms 2/10, n/30.

b. March 6: Accounts Payable (Skysong Company) $110,700 Inventory $110,700

c. March 12: Accounts Payable (Skysong Company) $751,300 Cash $736,274 Cash Discounts $15,026

3 0

3 years ago

At the beginning of 2000 Devonte's house was worth 230 thousand dollars and Aidan's house was worth 124 thousand dollars. At the

fgiga [73]

Answer and Explanation:

The answer is attached below

6 0

2 years ago

Why are wages considered to be "sticky," and why would sticky wages make unemployment even worse at the beginning of a recession

kumpel [21]

Answer:

In the beginning of recessions, the nominal wage does not decrease because of the stickiness of wages and then, the companies start to fire their employees to cut costs without reducing the wages paid to the remaining employees.

Explanation:

The theory of Sticky Wage indicates that pay of employees tends to have a slow response to the changes in the performance of a company or the economy. Stickiness - the ability of economic variables to resist change. For example, it is often said that in sticky wages, nominal wages are tough in the short run. Market forces may reduce the real cost of labor in industry, but nominal wages will tend to stay at the previous level in the short run. This can be justified by institutional factors, such as price regulation, the obligation to fulfill contracts, labor unions, human perseverance or need, personal interest, etc. Sticky wages play an important role in Keynesian economic theory, especially in new Keynesian theory. They suggest that markets are unable to balance, as prices are not able to decline to an equilibrium level when demand falls. Economists also believe that sticky wages and prices are responsible for the existence of unemployment. Employment ratios are affected by sticky wages and job market disruptions. For example, in the recession, the nominal wage did not decrease because of the stickiness of wages. Instead, the companies fired their employees to cut costs without reducing the wages paid to the remaining employees. Then, as the economy begins to recede, both wages and employment will remain sticky. Companies often hesitate to hire new employees, although hiring new employees often represents a shorter cost than higher wages, as it may be difficult to determine when the recession will end. In this context, employment can often be "sticky" after the recession. On the other hand, according to the theory, wages often fall, and workers who do so can see a rise in wages.

3 0

3 years ago