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snow_lady [41]
3 years ago
5

The company’s choice of its name, Plymouth Rock Assurance, and its motto, "More Than Just Insurance," indicates the company is

attempting to position itself in a particular manner. Which of the following would most likely be the intended position of the company?
a. Increased brand sponsorship.
b. Less expensive than its competitors
c. Superior customer service through its products and services.
d. Increased product mix other than insurance
e. The nation’s premier insurance company
Business
1 answer:
tia_tia [17]3 years ago
5 0

Answer:

c. Superior customer service through its products and services.

Explanation:

  • Superior customer service through its products and services. There is a need to make products and services more efficient and better than competitors in the industry
  • which gives the company competitiveness and ensures more than just insurance.
  • so correct answer is c. Superior customer service through its products and services.
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Me. Gareth owns a toy-manufacturing company. Which of these items in his company is an intermediate good?
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Well it is a toy manfacturing company and the intermediate good would be a toy plane
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3 years ago
Read 2 more answers
Equipment was purchased for $68,000 on January 1, 2013. Freight charges amounted to $2,800 and there was a cost of $8,000 for bu
Dahasolnce [82]

Answer:

a. $26,720

Explanation:

Before computing the accumulated depreciation, first we have to compute the original cost of the equipment, after that the depreciation expense. The calculation is shown below:

Original cos t = Equipment purchase cost + freight charges + installment charges

= $68,000 + $2,800 + $8,000

= $78,800

Now the depreciation expense under the straight-line method is shown below:

= (Original cost - residual value) ÷ estimated life in years

= ($78,800 - $12,000) ÷ 5 years

= $13,360

Now the accumulated depreciation is

= Depreciation expense × number of years

= $13,360 × 2 years

= $26,720

5 0
3 years ago
Given the following owner’s income and expense estimates for an apartment property, formulate a reconstructed operat-ing stateme
scoundrel [369]

Answer:

$363,000

Explanation:

Calculation for the property’s indicate market value.

First step

Operating Statement

PGI: $66,000

(10 units x $550 x 12 month )

Less: Vacancy Loss(3,300)

(5%*66,000)

EGI:62,700

Less: Operating Expenses

Power$2,200

Heat1,700

Janitor4,600

Water3,700

Maintenance4,800

Management3,000

Reserve for CAPX2,800

Total Operating Expenses$22,800

Net Operating Income$39,900

(62,700-22,800)

Second step is to find the property’s indicate market value.

Using this formula

Market Value=NOI/ Ro

Let plug in the formula

Market Value=$39,900/11.0%

Market Value=$363,000

Therefore the property’s indicate market value is

$363,000

6 0
3 years ago
If a $4,000 debit to Equipment in a journal entry is incorrectly posted to the ledger as a $4,000 credit and the ledger account
Dovator [93]

Answer:

The totals of Trial balance have a difference of $8,000. The credit balance totals of Trial balance is higher than the debit totals because the original entry of debit is mission and there is an wrong posing on the credit side which reduce the debit balance by $4,000 and Increase the credit balance by $4,000 at the same time. Net effect will be $8,000 in totals of trial balance.

4 0
2 years ago
Freedom of enterprise Multiple Choice in a market system means that entrepreneurs can obtain and use economic resources without
Zina [86]

Answer: allows businesses, within broad limits, to choose what goods to produce

Explanation:

Free enterprise also referred to as the free market is a form of economy whereby prices, services and products, are determined by the market, and not the government. In free enterprise, the susinesses and services are free from the control of the government.

Things that are free means they are unconstrained, while a business means an enterprise. Therefore, the free enterprise is an economy whereby the businesses are free from the control of the government.

8 0
2 years ago
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