Name three jobs in insurance

The Real Estate Products Division of McKenzie Co. is operated as a profit center. Sales for the division were budgeted for 2019

garri49 [273]

Answer:

Requirement: <em>Prepare a responsibility report for the Real Estate Products Division of McKenzie Co for 2019. </em>

Note: See missing word attached as picture below

Responsibility report 2019

Budget Actual Difference

Sales $1,250,000 $1,175,000 75000 U

Variable costs

Cost of goods sold 610,000 545,000 65000 F

Selling & Admin 80,000 82,000 2000 U

Total $690,000 $627,000 63000 F

Contribution Margin $560,000 $548,000 12000 U

Controllable fixed cost

Cost of goods sold 130,000 140,000 10000 U

Selling & Admin 120,000 100,000 20000 F

Total $250,000 $240,000 10000 F

Controllable Margin $310,000 $308,000 2000U

8 0

3 years ago

Suppose you play a game where you toss three fair coins. If you get three tails, you win $10. Otherwise, you lose $2. If you wer

Bingel [31]

Answer: The chances of occurrence of tail when we toss the coin is 50% which can be explained by the following formula:

Probability = Number of favorable events / # of Total event

Here the number of Total events = 2^3 =8

Number of total events can also be found by following Way:

1. Head, Head, Head

2. Head, Head, Tail

3. Head, Tail, Tail

4. Tail, Tail, Tail

5. Tail, Tail, Head

6. Tail, Head, Head

7. Head, Tail, Head

8. Tail, Head, Tail

This implies

Number of favorable events = 1 & Number of Total events = 8

By putting values:

Probability = 1 / 8 = 12.5%

So the chances of winning $10 is 12.5% whereas loosing $2 is 87.5%.

5 0

3 years ago

Mary owns a floral and gift shop valued at $150,000. If she keeps the shop open 5 days a week, EBIT is $75,000. If the shop rema

shtirl [24]

Answer:

Check the explanation

Explanation:

If Mary issues stock, she would not be bearing any interest expense for the money she raised. since all the money she raised is through stock. Therefore, Cash flow for the year would be

$69000: [1592,000 *5150,000/ (V50,000+550,000)]

This is the cash flow for the year to be for Mary if she issues stock and remains open 6 days a week

5 0

3 years ago

The NEC® arose as a consensus of more than 1200 individuals primarily to ____.

labwork [276]

NEC arose to:

d.standardize equipment use as a marketing tool

Explanation:

NEC Corporation is a multinational IT and Electronics firm that is based out of Japan.

It was started in the 60s as Nippon Electric company ltd. but it re branded itself to name NEC in 1983.

It is responsible for the standardization of equipment as their USP and their prime marketing tool and made it a standard industry practice to do so as of now.

Their impact on the whole industry has been immense.

7 0

3 years ago

A company bills customers for services provided. the company records this transaction with a:_______

geniusboy [140]

A company bills customers for services provided. the company records this transaction with a Debit Accounts Receivable.

A customer is an individual or business that purchases goods or services from another business. Customers are important because they drive sales. Without them, companies cannot continue to exist.

The definition of a customer is a person who purchases products or services at a store, restaurant, or other retail establishment. An example of a customer is someone who goes to an electronics store and buys a television. (informal) A person, especially a person, who interacts with others in some way.

In sales, commerce, and business, customers (sometimes called customers, purchasers, or purchasers) receive goods, services, products, or ideas obtained from sellers, vendors, or suppliers through financial transactions. is a person. Transaction or exchange for money or other valuable consideration

Learn more about customers here:brainly.com/question/380037
#SPJ4

6 0

1 year ago