Answer:
$40,000
Explanation:
Since Missy's policy had a replacement cost endorsement, her insurer must pay for a replacement grain drill even if its cost is higher than the policy's limit.
Replacement cost insurance is generally better than cash cost insurance because most equipment, buildings (including houses) and vehicles tend to depreciate, and their replacement cost is generally higher than their cash value.
Answer:
Break-even point in units= 770
Explanation:
Giving the following information:
Selling price= $500
Unitary variable cost= $260
Fixed costs= $184,800
<u>To calculate the break-even point in units using the mathematical equation, we need to use the following formula:</u>
<u></u>
Net income= unit contribution margin*x - fixed costs
x= number of units
0= (500 - 260)*x - 184,800
184,800/240 = x
770=x
<u>Now, under the unit contribution margin method:</u>
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 184,800/240
Break-even point in units= 770
The authoritative body designated to promulgate standards concerning an accountant's association with unaudited financial statements of an entity that is not required to file financial statements with an agency regulating the issuance of the entity's securities is the: <u>accounting and review services committee</u>.
<u>Explanation</u>:
The Accounting and Review Services Committee is a committee that engages in reviewing or compiling the unaudited financial statement.
An unaudited financial statement is a document that is not submitted by an individual for verification and review process. The financial statement is said to be unaudited until they are reviewed and approved by a certified external auditor.
The accounting and review services committee are responsible for promulgating standards regarding accountant association. The auditor helps in reviewing the financial statement of the individual.
Answer:
In business, enterprise value (EV) is a comprehensive measure of a company's complete worth that is sometimes employed as a more comprehensive alternative to stock market capitalization. The enterprise value (EV) of a firm comprises not only the market capitalization of the company, but also short- and long-term debt, as well as any cash on the balance sheet of the company. Enterprise value is a common statistic for determining the worth of a firm in the context of a possible acquisition.
Explanation:
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