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3 years ago

Insurance is a financial service that allows a

Business

2 answers:

ludmilkaskok [199]3 years ago

6 0

Insurance is a financial service that allows a 3. Consumer to share liability with a company.

Insurance provides protection against a possible event for a consumer. If a consumers gets into a situation where they need insurance, the insurance company becomes liable for the consumer if they need to pay for damages. The insurance company represents the consumer and protects them in an event that requires them to step in.

ddd [48]3 years ago

5 0

<span>consumer to share liability with a company.</span>

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Slapshot Company makes ice hockey sticks. Last week, direct materials (wood, paint, Kevlar, and resin) costing $26,000 were put

Fudgin [204]

Answer:

Slapshot Company

The total production is $98,000 with a unit cost of $49 per hockey stick.

The selling price per unit should be above $49 when marked-up.

Explanation:

a) Data and Calculations:

Direct materials (wood, paint, Kevlar, and resin) $26,000

Direct labor (10 workers x 100 hours x $20 per hour) 20,000

Manufacturing overhead equaled 52,000

Total production costs = $98,000

Production of hockey stick = 2,000 units

Unit cost of hockey stick = $49 ($98,000/2,000)

7 0

3 years ago

If we assume that both countries specialize according to their comparative advantage, then how do we find a terms of trade that

levacccp [35]

Answer:

The best way to find terms of trade that will ensure that two entities are in the best terms of trade will be to look at the opportunity costs of the various products they produce.

A high opportunity cost in one product relative to that of the other entity means the entity with the higher opportunity cost should be trading with the entity with the lower opportunity cost and vice versa.

For example, assume that an entity "A" produces both rice and beans whilst an entity "B" also produces rice and beans too.

If the opportunity cost to A of producing Beans is 300 bags of rice whilst the opportunity cost to B of producing Beans is 120 bags of rice, and the opportunity cost to A of producing rice is 180 bags of beans whilst it is 250 bags of beans to B, the principles of comparative advantage require that A should focus more on producing rice and purchase beans from B whilst B should focus more on producing beans and purchase rice from A.

Cheers!

4 0

3 years ago

Susan quit her job as a teacher, which paid her $36,000 per year, in order to start her own catering business. she spent $12,000

kotegsom [21]

Answer:c. continue to operate her business, but in the long run she will probably face competition from newly entering firms

Explanation:

Monthly revenue = $4500

Monthly Variable costs = $1000

Monthly Revenue is higher than Monthly Variable Costs, Susan's catering business will earn an economic in the short run. SHE should continue to operating.

Susan will face competition in the long run because other firms will want to enter the market because of economics profits in the catering industry.

7 0

3 years ago

The following balances were taken from the general ledger of Doogie Corporation as of December 31. All balances are normal. Cash

SCORPION-xisa [38]

Answer:

The total debit in the trial balance gives $72400,same as the total credits

The trial balance is prepared just before the preparation of financial statements such statement of profit or loss ,statement of financial position(balance sheet) as well as cash flow statement.

Find attached spreadsheet containing the trial balance prepared.

Explanation:

The trial validates the arithmetical accuracy of postings done in the ledger accounts.

To prepare the trial balance,balances extracted from the ledgers are required.The rule is that assets,expenses and drawings are debited to trial balance why income,capital and liabilities are credited

Download xlsx

5 0

3 years ago

Read 2 more answers

Our newly constructed retail space is projected to need a face lift in 7 years to keep up with changing tastes. Our projections

Rudiy27

Answer:

Annual deposit = $326,265.88

Explanation:

<em>The amount to be set aside annually to accumulate $2.5 million in 7 years time ca n be worked out using the future value of an ordinary annuity formula.</em>

The formula is given as follows:

FV = A×( (1+r)^n - 1)/r).

A= FV/ ((1+r)^n - 1)/r

FV - Future value

A- annual deposit

n- number of years

r- rate of return

FV - $2.5 million

A- ?

n- 7

A=2,500,000 ÷ (1.03^7 - 1)/0.03 = 326,265.88

Annual deposit = $326,265.88

4 0

3 years ago