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Andrew [12]
3 years ago
12

2.____What is auto insurance based on in IL?

Business
1 answer:
babymother [125]3 years ago
4 0
I think it’s B, but i’m not 100%
You might be interested in
Knappert Corporation makes one product and has provided the following information:
Alex_Xolod [135]

Answer:

$113.0

Explanation:

A. Cost of material (M):

M=3*5.00\\M=\$15.00\ per\ unit

B. Cost of Labor (L):

L=24*2.80\\L=\$67.20\ per\ unit

C. Manufacturing overhead (O):

O=11*2.80\\O=\$30.80\ per\ unit

D. Selling and administrative expense (S):

Those should not be included in the product cost.

Total cost per unit is:

U = M+L+O= 15.00+67.20+30.80\\U=\$113.00

The unit product cost is closest to: $113.00.

3 0
3 years ago
Cox Co. accounts for its inventory using the LIFO cost method. An inventory loss from a permanent market decline of $360,000 occ
kirill115 [55]

Answer:

$360,000

Explanation:

Last in first out (LIFO) is a method used in inventory where the cost of most recently purchased goods is the one to be expensed first. Also current losses are the first to be reported.

An inventory loss incurred in a quarter must not be deferred, but recorded as items within an interim must be reported in the same period they were incurred, unless it can be redeemed before the end of the fiscal year. It is not considered a temporary item.

The loss reported in May will be reported for that quarter in June.

8 0
3 years ago
The adjusted trial balance of Windsor, Inc. shows these data pertaining to sales at the end of its fiscal year, October 31, 2022
d1i1m1o1n [39]

Answer

                                     Windsor, Inc

                           Income Statement (Partial)

                           For the year October 31, 2022

Revenue

Sales                                                                      $908,100

Less: Sales return and allowance     $19,800

          Sales Discount                         <u>$14,500</u>

                                                                               <u>$34,300</u>

Net Sales                                                                <u>$837,800</u>

4 0
3 years ago
Ingrid has been waiting for the show "Mamma Mia!" to come to town. When it finally does come, tickets cost $60. Ingrid's reserva
Semenov [28]

Answer: inefficient because Steven and Ingrid could have made a mutually beneficial trade.

Explanation:

Regarding the question, Ingrid was waiting for "Mamma Mia!" show to come to town; it eventually came with tickets cost of $60. Even though Ingrid's reservation price was $75, he was not able to get a ticket as they had been sold out.

On the other hand, Steven got a ticket for $60 even though his reservation price for the ticket was $65. Steven eventually attended "Mamma Mia!" show while Ingrid does not. This is an inefficient situation because Steven and Ingrid should have made a mutually beneficial trade which could have happened if Steven had sold Ingrid the ticket for the show for $70 and they would have been better off.

4 0
4 years ago
Banks that have national charters must join the Federal Reserve and are subjected to its
aleksandrvk [35]

Answer: True

Explanation:

The Federal Reserve requires that all banks with National charters become members of the Federal Reserve so that they may have a say in the way the Fed runs its operations. State banks are not required to join but can if they meet some requirements.

The Office of Comptroller of the Currency (OCC) continually supervises and examines national banks to ensure that they are engaged in best practices regarding their operations and treatment of customers.

8 0
3 years ago
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