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morpeh [17]
2 years ago
6

What is one cost of avoiding insurance?

Business
1 answer:
kkurt [141]2 years ago
8 0

Answer: One of the costs of not having insurance is the cost of repairing. Another cost is paying insurance premiums. Losses caused by a lack of insurance are the price of not having insurance.

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The Thomlin Company estimates that total overhead for the current year will be $16,000,000 and that total machine hours will be
anzhelika [568]

Answer:

d. $80 per machine hours

Explanation:

The computation of the overhead rate is shown below:

Overhead rate = Estimated total overhead cost ÷ total machine hours

= $16,000,000 ÷ 200,000 hours

= $80 per machine hours

The overhead rate is come by dividing the estimated total overhead rate by the total machine hours

All the other information that is mentioned is not considered. Hence, ignored it

4 0
2 years ago
On June 30, 2019, the State Unemployment Tax Payable account in the general ledger of Alan Office Supplies showed a balance of $
MariettaO [177]

Answer:Alan journal $. $

Date. Description Dr. Cr

July 31,19 suta tax Dr. 2,113

Bank. Cr. 2,113

Narration. Payment of outstanding tax

The payment that are cash related can be posted through a bank or cash account as a book of original entry for cash, if however they are posted through a journal the same objective can be achieved.

8 0
3 years ago
Suppose the price elasticity of supply for cheese is 0.6 in the short run and 1.4 in the long run. If an increase in the demand
Scrat [10]

Answer:

Option (c) is correct.

Explanation:

Given that,

Price elasticity of supply for cheese = 0.6 in the short run

Price elasticity of supply for cheese = 1.4 in the long run

If an increase in the demand for cheese causes the,

Price of cheese to increase by 15%

In short run,

Price elasticity of supply for cheese = Percentage change in the quantity supplied ÷ Percentage change in the price

0.6 = Percentage change in the quantity supplied ÷ 15

0.6 × 15 = Percentage change in the quantity supplied

9% = Percentage increase in the quantity supplied

In long run,

Price elasticity of supply for cheese = Percentage change in the quantity supplied ÷ Percentage change in the price

1.4 = Percentage change in the quantity supplied ÷ 15

1.4 × 15 = Percentage change in the quantity supplied

21% = Percentage increase in the quantity supplied

8 0
3 years ago
Suppose the production of solar powered lawn mowers is characterized by the production function Q = LE, where Q represents the n
RoseWind [281]

Answer:

110 labor and 1100 energy

Cost of 2,200 dollars

Explanation:

Q = L x E

Cost = 10 L + E

We use Excel solver tool to get this

    A            B               C      

1                Labor Energy  

2 Quantity     110          1100

3 Cost             10               1

4 output    121,000  (B2 * C2)

5 cost           2,200 (B2*B3 + C2*C3)

we want to minimize B5 (cost)

changing the quantities (b2:c2)

with the constrain that output b4= 121,000

7 0
3 years ago
5.ABC Company is planning to market a new model of product X. The management
Vladimir [108]

Answer:

Que

Explanation:

Que

7 0
3 years ago
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