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andrew-mc [135]
2 years ago
8

If an agency's qualifying new business premium is ____ than the set minimum in a given month or quarter in the prior year, that

agent's baseline will be increased to the minimum baseline that month or quarter.
Business
1 answer:
True [87]2 years ago
7 0

Answer:

lower

Explanation:

If the premium set is below the minimum threshold then agent baseline will be increased. This is because the commission of an agent is based on the percentage of the premium. If the premium amount is lower then the commission will also be lower resulting in the agent baseline to decrease.

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One disadvantage of the corporate form of business ownership is the:
Sliva [168]

Answer:

The correct answer is letter "D": double taxation of distributed profits.

Explanation:

A Corporation is an entity, typically with specific characteristics of a large business. Corporations are considered to be separate legal entities from their owners. This implies double taxation for profits: <em>one filing for corporate taxes and the other individually when the profits are distributed</em>.

4 0
3 years ago
What is one drawback shared by both monopolies and oligopolies?
garik1379 [7]

Answer:A.They can harm consumers by fixing prices.

3 0
3 years ago
Kater Company manufactures shelving units. The company receives pre-cut wood, drills holes in the wood so that movable shelves m
MArishka [77]

Answer: Please see below for answers.

Explanation:

Variable costs are referred to as  costs  incurred to a company which change  as the  volume of production by the company or business changes   that is  when the volume of production increases, the costs increases , and decreases with decreased production.

Fixed costs  are expenses incurred to a company which do not change in relation to the volume of production by the company or business that is  when the volume of production increases or decreases, the  costs remains the same.

a. Supervisor of the Drilling Department----- Fixed cost

b.Oil used to lubricate drill press machines---- Variable cost

c.Propane for forklift trucks used to move the material from the Drilling      Department to the Assembly Department---- Variable cost

e.Natural gas used to heat the plant----- Variable cost

f.Security guard---- fixed cost s

g.Insurance on factory building----- Fixed costs

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.i Rent of factory building-Fixed costs

4 0
3 years ago
Paying an amount on account reduces:_______
hichkok12 [17]

Option (d) the amount owed on a liability is correct.

Paying an amount on account reduces the amount owed on a liability.

<h3>What is liability?</h3>
  • A liability is an obligation that a person or business has, typically financial in nature. Over time, liabilities are resolved by the transmission of economic advantages like cash, products, or services.
  • There are various ways to define a liability's duration. The average duration (or mean term) of the liability is what is typically meant by the term "duration of liability" in actuarial valuation. In other terms, it refers to the typical rate of a liability's repayment.
  • Liabilities can be used by businesses to increase liquidity if they are having cash flow issues. Most small and medium-sized enterprises lack the financial resources necessary to grow.

Learn more about liability here:

brainly.com/question/15006644

#SPJ4

3 0
1 year ago
Piper Corp. is operating at 70% of capacity and is currently purchasing a part used in its manufacturing operations for $24 per
Sauron [17]

Answer:

$30,000 increase

Explanation:

Piper Corp is operating at 70% capacity, and so we can produce the unit in-house at no increase to fixed cost we are already incurring. So we assume fixed cost for the extra production is zero

Without fixed cost the unit can be produced at $26, so cost of producing the units needed= 26*15,000= $390,000

To buy the product we need $24 per unit, so the cost of buying the needed units is= 24* 15,000= $360,000

The differential cost of making the part rather than purchasing it = Cost of inhouse production- Cost of Buying= 390,000- 360,000= $30,000

3 0
3 years ago
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