All categories

2 years ago

Insurance is the way a person or business is protected from :

Business

1 answer:

nevsk [136]2 years ago

3 0

Answer:

losing money

Explanation:

Helps save you from the out of pocket expense if something bad were to happen.

For example if your roof was damaged by a natural disaster it could cost thousnads of dollars out of a persons pocket.

Insurance will pay the cost to repair it allowing you to be protected from losing money.

You might be interested in

Executives of Studio Recordings, Inc., produced the latest compact disk, the Starshine Sisters Band, titled Starshine/Moonshine.

Alexxandr [17]

Answer:

a) Contribution margin= $6,4

b) break-even point:

in units=76562 cds

in dollars=$869058

c) Net profit= $5910000

d) Q=107813 cds

Explanation:

Variable costs:

CD package and disc $1.25/CD

Songwriters’ royalties $0.35/CD

Recording artists’ royalties $1.00/CD

<u>Total Variable costs= $2,6</u>

Fixed Costs:

Advertising and promotion $275,000

Studio Recordings$215,000

Total fixed costs= $490000

Price=$9

a) contribution margin= Price- variable costs= 9-2,6= $6,4

b) break-even point:

in units=fixed costs/contribution margin=490000/6,4= 76562 cds

in dollars= fixed costs/(contribution to sale ratio)

in dollars= fixed costs/(contribution margin/price)

in dollars= 490000/(6,4/9)= $869058

c) q=1000000

sales= 9000000 (1000000*9)

variable costs= -2600000 (1000000*2,6)

fixed costs= -490000

Net profit= $5910000

d)Profit= 200000 q=?

using the break-even formula

Q=(fixed cost+profit)/contribution margin

Q=690000/6.4=107813 cds

7 0

2 years ago

On April 1st, Bob the Builder entered into a contract of one-month duration to build a barn for Nolan. Bob is guaranteed to rece

hichkok12 [17]

Answer:

a) What is the expected transaction price with variable consideration estimated as the expected value?

original cost $5,800 if job is finished in one month (15% probability)
bonus price for finishing 2 weeks earlier $5,800 x 1.25 = $7,250 (25% probability)
bonus price for finishing 1 week earlier $5,800 x 1.15 = $6,670 (60% probability)

expected transaction price = ($5,800 x 15%) + ($7,250 x 25%) + ($6,670 x 60%) = $6,684.50

b) What is the expected transaction price with variable consideration as the most likely amount?

$6,670, since it has a 60% probability

3 0

3 years ago

The Exam Fun Co. had Accounts Receivable of $100,000 and a credit balance of $2,000 in Allowance for Doubtful Accounts on 12/31/

AleksAgata [21]

Answer:

A. dr. Bad Debt Expense 3,000 and cr. Allowance for Doubtful accounts 3,000

Explanation:

Bad debt Expense will be calculated using the percentage of debt loss. The expense will be calculated using the account receivable balance.

Closing Value of the Allowance for Doubtful Accounts will be as follow

Closing Balance = $100,000 x 5% = $5,000

As Allowance for Doubtful Accounts already have credit balance of $2,000, we need to adjust the remainder to make the closing balance of Allowance for Doubtful Accounts $5,000 at the year end.

Adjustment Value = $5,000 - $2,000 = $3,000

6 0

2 years ago

Read 2 more answers

Under MSRB rules, any claim, dispute, or controversy shall be submitted to arbitration at the instance of a:______.

katrin2010 [14]

Answer: C. 1,2,3

Explanation:

Under MSRB rules, any claim, dispute, or controversy shall be submitted to arbitration at the instance of a:

• broker-dealer against another broker-dealer.

• customer against a broker-dealer.

• broker-dealer against a customer who has previously signed an arbitration agreement.

Therefore, based on the above scenario, the correct option is C.

3 0

3 years ago

Hank wants to use a "Maximize Conversions" campaign with the Performance Planner. Which recommendation can be provided to Hank b

alexdok [17]

Answer: A recommended average daily budget

Explanation:

The options to the question are:

• Recommended campaign bid scaling

• A recommended Campaign-level • Target ROAS (return-on-ad-spend)

• A recommended Campaign-level Target CPA (cost-per-acquisition)

• A recommended average daily budget.

From the question, we are informed that Hank wants to use a "Maximize Conversions" campaign with the Performance Planner. The recommendation that can be provided to Hank by the Performance Planner is a recommended average daily budget. This will help in maximizing conversions.

7 0

2 years ago