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Vinvika [58]
3 years ago
10

The reason that a person buys health or life insurance is to

Business
1 answer:
Over [174]3 years ago
6 0
D to limit the amount of financial loss if there is an illness or injury
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Coral Music manufactures harmonicas. Coral uses standard costs to judge performance.​ Recently, a clerk mistakenly threw away so
jeka57 [31]

Answer:

Explanation:

std rate  $9.00

actual rate  $8.50

standard hours 5,200

Total variance: 390 Favorable

Rate variance:

(standard\:rate-actual\:rate) \times actual \: hours = DL \: rate \: variance

Efficiency

(standard\:hours-actual\:hours) \times standard \: rate = DL \: efficiency \: variance

Total:

rate + efficiency

(standard\:rate-actual\:rate) \times actual \: hours + (standard\:hours-actual\:hours) \times standard \: rate = 390

We plug our know values and solve:

(9 - 8.5) \times actual \: hours + (5,200-actual\:hours) \times 9 = 390

0.5actual hours + 46,800 - 9actual hours = 390

46,800 - 390 = 8.5 actual hours

46,410/8.5 = actual hours = 5,460

now we calculate each variance:

rate: 2,730

(9-8.5) \times 5,460 = DL \: rate \: variance

efficiency (2,340)

(5,200-5,460) \times 9 = DL \: efficiency \: variance

8 0
3 years ago
Jerry contributed $8,000 for a 25% interest in a bookstore. He also contributed a cash register, with a fair market value of $49
Marta_Voda [28]

Answer:

The Jerry's partnership basis in the bookstore at the end of the year is $23,350.

Explanation:

Workings

Contributed Capital = $   8,000

Add: Adjusted basis of cash register = $       350

Add: Share of Profit ($60000 X 25%) = $ 15,000

Partnership basis at the end of the year = $ 23,350

8 0
3 years ago
Which of the following statements regarding Federal Reserve independence is​ incorrect?
hichkok12 [17]

Answer:

The correct answer is option D

D. The​ 14-year non-renewable terms for governors effectively insulate the Board of Governors from political pressure

Explanation: Option D is incorrect regarding federal reserve independence.

8 0
3 years ago
The master budgeting process typically begins with the sales budget and ends with a cash budget and:
Serhud [2]

Answer:

Budgeted financial statements

Explanation:

4 0
3 years ago
Does anyone know a girl named Riley Carpenter?
Triss [41]
Do you mean Sabrina Carpenter? If so, this is an actor/singer.
4 0
4 years ago
Read 2 more answers
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