Answer:
$0
Explanation:
Alfred paid in premiums = $18,300
company paid Alfred = $125,000
Alfred died after 18 months, then,
Company collected the face amount of the policy = $150,000
Sale of policy = [ company compensation - premium paid]
= $125,000 - $18,300
= $106,700
In this situation, Alfred receives the submission price from the insurance company consequential in profit.
There is no gain in the income of the insurance policy that is purchased by the Alfred for the long term.
That's why he is not required to include the amount of sale of policy i.e. $106,700.
Hence, Alfred required to include in his gross income will be zero ($0).
Answer:
Salesperson compensation
Explanation:
According to straight commission plan the sales person is paid compensation on the basis of a fixed percentage of the total sales volume rather than paying a fixed salary.
This method encourages the sales persons to work efficiently towards increasing the sales in return for a compensation or commission.
In this particular case Tyron will receive 10% of $ 6,000 that is $ 600 as a commission for making these sales of $ 6,000.
Based on the comparative financial statements of Stargel Inc, the financial ratios are:
- $2,790,000
- 4.1
- 2.5
- 16.0
- 22.8 days
- 2.2. times
- 73 days
- 2.2
- 0.4
- 7.6
- 1.1 times
- 11.5%
- 13.3%
- 13.6%
- $8.55
- 14.0
- $0.50
- 0.4%
<h3>What are Stargel's financial ratios?</h3>
Working capital:
= Current assets - Current liabilities:
= 3,690,000 - 900,000
= $2,790,000
Current ratio:
= Current assets / Current liabilities
= 3,690,000 /900,000
= 4.1
Quick ratio:
= 2,250,000 / 900,000
= 2.5
Receivables turnover ratio:
= Net credit sales /Average accounts receivable
= 10,000,000 / 625,000
= 16 times
Number of days' sales in receivables days:
= Average accounts receivable / Average daily sales
= 625,000 / 27,397.26
= 22.8 days
Find out more on the dividend yield at brainly.com/question/20704820.
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Answer:
a. better satisfies customer needs than rival products do.
Explanation:
Product differentiation is the process by which a product is made to be different from what other competitors are offering. This is done to better satisfy a target market. Product differentiation can also occur within a firm to differentiate it from other firm offerings.
For example if a company decides to put a torch light on a pen. This will diffentiate the product from other pens in the market and will give customer more satisfaction by providing the extra service of lighting.
Answer:
In a long-run equilibrium - only a perfectly competitive firm operates at its efficient scale - option A is the correct answer.
Explanation:
In the long-run equilibrium, only a perfectly competitive firm that operates at its efficient scale and a monopolistically competitive firm sets off with overabundant capacity.
Therefore, in a long-run equilibrium - only a perfectly competitive firm operates at its efficient scale - option A is the correct answer.
