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densk [106]
2 years ago
7

For questions 1-10, fill in the blank with the letter of the term that best matches the description.

Business
1 answer:
LuckyWell [14K]2 years ago
3 0

Following are the correct terms for the descriptions provided.

1. Coverage

2. Risk Management

3. Insurer

4. Premium

5. Liability

6. Policy

7. Actuary

8. Claim

9. Deductible

10. Insurance

<h3>Explanation</h3>

The correct answers for the explanation given in the question is described above.

An Insurance Company is called an Insurer, its products are called policy, they provide coverage for loss, this is a type of risk management, a person calculating all the figures is known as an Actuary, monthly or annually premiums are payable and claim can be made once the insured condition is met.

<h3 />

Therefore the answers are following

1. Coverage

2. Risk Management

3. Insurer

4. Premium

5. Liability

6. Policy

7. Actuary

8. Claim

9. Deductible

10. Insurance

Learn more about Business at brainly.com/question/26538066

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The calculation for annual depreciation using the units-of-output method is:________
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Answer:

d. (Depreciable cost Estimated output) × Actual yearly output

Explanation:

<em>Units of Output depreciation = Cost - Residual Value × Period`s Production / Total Expected Production.</em>

Note : Depreciation is dependable on depreciable cost (Cost less Residual Value)

The Option that is close to this formula is d.

5 0
3 years ago
Barnett Corporation uses the weighted-average method in its process costing system. The
Nimfa-mama [501]

Answer:

a. 18,000

b. $5.10

Explanation:

<u>Calculation of the total equivalent units of production for materials</u>

Units of Closing Work In Process  (6,000× 100%) =  6,000

Units completed and transferred (12,000× 100%) = 12,000

Total                                                                          = 18,000

<u>Calculation of the total equivalent units of production for conversion</u>

Units of Closing Work In Process  (6,000 × 50%) =  3,000

Units completed and transferred (12,000× 100%) = 12,000

Total                                                                          = 15,000

<u>Calculation of Total Cost of Materials</u>

Work in process                      $13,800

Costs added during May       $42,000

Total                                        $55,800

<u>Calculation of Total Cost of Conversion</u>

Work in process                       $ 3,740

Costs added during May       $26,260

Total                                        $30,000

<u>Calculation of total cost per equivalent unit for May</u>

Materials ($55,800/18,000)       = $3.10

Conversion ( $30,000/15,000)  = $2.00

Total                                             = $5.10

3 0
3 years ago
If a company is operating beyond its break-even point, sale of one more unit of product increases the company's profit by the am
zhenek [66]

Answer:

If a company is operating beyond its break-even point, sale of one more unit of products increases the company's profit by the amount of the unit contribution margin.

The correct answer is A

Explanation:

If a company operates beyond the break-even point, any sale of an additional unit increases the company's profit by the amount of the unit contribution margin. This is due to the fact that the fixed cost remains  constant and any increase in sale increases contribution and profit by the same amount.                                                                                                

5 0
3 years ago
Imagine that David is preparing his will and is trying to decide how to divide his assets between his two grown children. His da
san4es73 [151]

Answer:

Fairness of Equal Outcomes: Split his wealth evenly between Terry and Tonya, Leave his money to charity instead.

Fairness of Equal Opportunity: Leave Terry his entire wealth to offset the gap between him and his sister.

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8 0
2 years ago
QUESTION 2 of 10: Three smoothie shops exist in your town with annual sales of $300,000; $344,000; and $412,000. What is the ave
Goshia [24]

Answer:

352,000

Explanation:

add up all the numbers, then you divide by 3

6 0
3 years ago
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