Answer:
Matching Situation with appropriate term:
1. _c. Collision __ Allen was driving home when a deer jumped out. The deer damaged his truck.
2. _n. Property Damage Liability _ A lightning strike at Troy’s home damages his TV and DVD player.
3. _h. Insurance Company/Insurer _ ABC Insurance Inc. advises Katie that she cannot take out a policy on Brad Pitt.
4. _p. Risk management _ Adam’s job is deciding if the insurer will accept a risk and what the cost will be.
5. __o. Renter’s __ Amy decides not to purchase a new car because insurance is so expensive.
6. __m. Premium _ Bill is paid for a collision claim based on the book value of his vehicle.
7. __i. Insurance fraud _ Cheetum’s Body Shop padded the repair bill for Chris’s pick up.
8. _b. Bodily Injury Liability _ Janet hit a car and someone was hurt. This covers the medical expenses.
9. _r. Uninsured and Underinsured Motorist _ Keith let the auto insurance policy lapse. Keith rear-ended Ann’s truck today.
10. _d. Comprehensive _ Missy owes for damage to John’s car because she hit him while talking on her cell.
11. _m. Premium_ Monica’s life insurance costs more but includes a savings component.
12. _s. Whole Life__ Pat insures his business partner, Chuck, with a $1 million life insurance policy.
13. __m. Premium__ Rob gets a bill in the mail from ABC Insurance Company for $125.
14. __h. Insurance Company/Insurer _ Ross contacted this business when he had an automobile accident.
15. _n. Property Damage Liability _ Tammy hit a telephone pole and did over $2000 damage to her car.
16. _e. Financial Responsibility Law __ This requires Joe to buy liability insurance prior to getting a license plate.
17. __l. Medical Payments __ Thomas shut the trunk on his thumb and went to the emergency room.
18. __i. Insurance fraud_ Tony and Chris staged an auto accident to collect claim benefits.
19. _n. Property Damage Liability_ Wanda’s car was damaged by hail during a storm.
20. _b. Bodily Injury Liability_ An ambulance transported Melanie to the hospital after the other car crossed the center line and caused a wreck.
Explanation:
Appropriate terms:
a. Actual Cash Value
b. Bodily Injury Liability
c. Collision
d. Comprehensive
e. Financial Responsibility Law
f. Homeowner’s
g. Insurable Interest
h. Insurance Company/Insurer
i. Insurance fraud
j. Insured
k. Joint Insurance
l. Medical Payments
m. Premium
n. Property Damage Liability
o. Renter’s
p. Risk management
q. Underwriter
r. Uninsured and Underinsured Motorist
s. Whole Life
Identify each word that represent each situation
1. Collision is when Allen was driving home when a deer jumped out. The deer damaged his truck.
2. A lightning strike at Troy’s home damages his TV and DVD player is called Property Damage Liability
3. ABC Insurance Inc. advises Katie that she cannot take out a policy on Brad Pitt. This is called Insurance Company/Insurer
4. Risk management occurs when Adam’s job is deciding if the insurer will accept a risk and what the cost will be.
5. Amy decides not to purchase a new car because insurance is so expensive. This is called Renter’s
6. Premium is the Bill paid for a collision claim based on the book value of his vehicle.
7. Insurance fraud is when Cheetum’s Body Shop padded the repair bill for Chris’s pick up.
8. Janet hit a car and someone was hurt. This covers the medical expenses. This is refered to as Bodily Injury Liability
9. Uninsured and Underinsured Motorist is when Keith let the auto insurance policy lapse. Keith rear-ended Ann’s truck today.
10. Comprehensive : Missy owes for damage to John’s car because she hit him while talking on her cell.
11. Premium: Monica’s life insurance costs more but includes a savings component.
12. Whole Life: Pat insures his business partner, Chuck, with a $1 million life insurance policy.
13. Premium: Rob gets a bill in the mail from ABC Insurance Company for $125.
14. Insurance Company/Insurer: Ross contacted this business when he had an automobile accident.
15. Property Damage Liability: Tammy hit a telephone pole and did over $2000 damage to her car.
16. Financial Responsibility Law: This requires Joe to buy liability insurance prior to getting a license plate.
17. Medical Payments: Thomas shut the trunk on his thumb and went to the emergency room.
18. Insurance fraud: Tony and Chris staged an auto accident to collect claim benefits.
19. Property Damage Liability: Wanda’s car was damaged by hail during a storm.
20. Bodily Injury Liability: An ambulance transported Melanie to the hospital after the other car crossed the center line and caused a wreck.
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Question # 6
Fill in the Blank
Complete the following sentence. Remember to spell correctly.
Limiting the amount of imported sugar that can be brought into the United States is an example of a(n) ______
Answer: Import quota
Explanation:
Import quotas are a means of controlling trade into a country. It is usually done because the good being imported is produced in the importing country but when it is imported it is cheaper which will have the effect of harming the domestic producers.
Import quotas will restrict trade by limiting the amount of the specific good that can be imported into the country within a given period. For instance, the U.S. mandating that only 30,000 tonnes of sugar may come into the country in a year. After that amount, no more sugar will be allowed in.
A person’s _______________ shape how he or she views the world.
a.
visions
b.
beliefs
c.
customs
d.
manners
Answer:
B
Explanation:
Great Pumpkin Inc., wants to purchase a vending machine for their common room and chooses dimensions of cost, reliability, and flexibility as critical. They evaluate three different vending machine companies and rate their performance on each criterion on a scale from 1 (poor) to 5 (excellent). Which company should Great Pumpkin choose
Question Completion:
Dimension Importance Spike Olaf Andy
Cost 4 1 5 3
Reliability 2 5 2 3
Cost 3 3 3 4
Answer:
Great Pumpkin Inc.
Great Pumpkin should choose Olaf Manufacturing with the highest weighted score of 33.
Explanation:
a) Data and Calculations:
Dimension Importance Spike Olaf Andy
Cost 4 4 (1*4) 20 (5*4) 12 (3*4)
Reliability 2 10 (5*2) 4 (2*2) 6 (3*2)
Cost 3 9 (3*3) 9 (3*3) 12 (4*3)
Total weighted scores 23 33 30
b) Based on the total weighted scores, Olaf Manufacturing performed best among the three companies. It should be chosen. To obtain the weighted scores for each company, the scale it obtains under each dimension is multiplied by the importance of the dimension. This is done for each dimension and each company before the total weighted scores are obtained and the company with the highest score is adjudged the winner.
You want to learn more about how to align individual employee's goals with the overall organization's goals. which HRM function covers your concerns
Answer:
The HRM (Human Resources Management) function that covers concerns about how to align individual employee's goals with the overall organization's goals is:
Performance management.
Explanation:
In Human Resource Management (HRM), there are various functions dealing with Human resource planning, Recruitment and selection, Performance management, Learning and development, Career planning. The performance management unit ensures that individual employee's goals are aligned with the overall goals of the organization in order to achieve organizational success. The performance management function helps HR managers to establish, agree, and marry the goals of employees with organizational performance expectations.
Which statement is true about the purpose of a Work-In-Process constraint?
a. It identifies possible constraints for Solution completion.
b. It helps analyze, approve, and track Portfolio Epics and Enablers
c. It captures where all new "big" ideas come from
d. It encourages collaboration and enables flow
Answer:
a. It identifies possible constraints for Solution completion.
Explanation:
Work in process limits or constraints represent the fixed constraints that implemented on kanban boards that helps in removing the wastage from the processes
In the given statement, the first statement is true as it identifies the possible constraints in order to complete the solution
Therefore the same is to be relevant
Hence, all the other options are wrong
GROCERY STORE PROBLEM: A local grocery store faces demand for one of its items at a constant rate of 20,000 boxes per year. It costs them $5 to process an order and $0.50 per box per year to carry the item in stock. The stock is received three working days after an order is placed. Assume 250 working days in a year and no backordering. What is the demand during lead time assuming that there is no variability
Answer: 240
Explanation:
The following information can be gotten from the question:
Annual demand (D)= 20000
Daily demand (d) = 20000 / 250 = 80
Ordering cost (S) = 5
Holding cost (H) = 0.5
Lead time (L)= 3 days
The demand during lead time would be gotten by multiplying the daily demand by the lead time. This would be:
= 3 × 80
= 240
Jamison Construction has implemented a cost estimation system using regression analysis. The variable cost per hour of labor is $35 and the fixed cost was determined to be $186,000. If Jamison projects it will be working 204,000 hours in 2019, what is the projected total cost
Answer:
$7,326,000
Explanation:
Calculation for what is the projected total cost
Using this formula
Projected total cost=(Projected hours*Variable cost per hour of labor)+Fixed cost
Let plug in the formula
Projected total cost=(204,000 hours*$35)+$186,000
Projected total cost=$7,140,000+$186,000
Projected total cost=$7,326,000
Therefore the projected total cost will be $7,326,000
The TSA suits:
A.
Engineering students.
B.
Construction students.
C.
Technology students.
D.
STEM students.
Answer:
STEM Students - TSA focuses on all areas of stem, not just technology.
Explanation:
got it correct
The following citation is for a page on a Web site. Identify the error in the citation.
If there are so many risks to investing in the stock market, why do so many people do it?
There's an obvious answer... high risk; ergo high return.
New York City is the most-visited city in the world.
A. True
B. False
Answer:
A. True
Explanation:
New York is the most popular city in the US and home to the world-famous statue of liberty. New York city has attractive tourist destination sites and offers wonderful shopping experiences. In 2019, the city welcomed over 13.5 million visitors from outside the US.
New York is the most sought tourist destination. It is also the most visited city in the world.
So far the most-visited city's in the world are, 1st= New York City (66.6million), 2nd= London (30million) and 3rd= Bangkok (22.7million).
"Consider a C corporation. The corporation earns $2.5 per share before taxes. After the corporation has paid its corresponding taxes, it will distribute 50% of its earnings to its shareholders as a dividend. The corporate tax rate is 30%, the tax rate on dividend income is 20%, and the personal income tax rate is set at 28%. What are the shareholders earnings from the corporation after all corresponding taxes are paid
Answer:
$0.70 per stock
Explanation:
before tax corporate income = $2.50 per stock
after tax corporate income = $2.50 x (1 - 30%) = $1.75 per stock
distributed dividends = $1.75 x 50% = $0.875 per stock
since the tax rate on dividends is 20%, then the after tax gain earned by stockholders is $0.875 x (1 - 20%) = $0.70 per stock
Some dividends are taxed as long term capital gains (like these), which decreases the tax rate paid by stockholders. If they were taxed at the normal income rate, the tax rate would have been 8% higher.
aron Company has a process costing system. All materials are introduced when conversion costs reach 50 percent. The following information is available for physical units during March
Work in process, March 1 (60% complete as to conversion costs) 150,000Units started in March 600,000Units transferred to Finishing Department in March 630,000Work in process, March 31 (40% complete as to conversion costs) 120,000Compute the equivalent units for materials costs and for conversion costs using FIFO method
Answer:
Equivalent units of production for materials
Opening work in process was complete with respect to materials so not EUP there.
Closing work in process was complete as well.
EUP for materials is:
= Units transferred to Finishing Department - opening WIP
= 630,000 - 150,000
= 480,000 units
Equivalent units of production for conversion
= EUP opening work in process + units transferred to finishing department + EUP closing work in process
= (40% * 150,000) + 480,000 + (40% * 120,000)
= 60,000 + 480,000 + 48,000
= 588,000 units
EUP opening work in process already had 60% of conversion cost incurred in previous period so only 40% will be incurred in present period.
Panner, Inc., owns 35 percent of Watkins and applies the equity method. During the current year, Panner buys inventory costing $86,800 and then sells it to Watkins for $124,000. At the end of the year, Watkins still holds only $21,800 of merchandise. What amount of gross profit must Panner defer in reporting this investment using the equity method
Answer: $2289
Explanation:
First, we have to calculate the gross percentage which would be:
= (Revenue - Cost of goods sold) Revenue
= ($124000 - $86800) / $$124000
= 30%
Therefore, the amount of gross profit must Panner defer in reporting this investment using the equity method would be:
= ($21800 × 30%) × 35%
= $21800 × 0.3 × 0.35
= $2289
I'm asking again because I legit need help on this. Best answer gets brainliest.
One of the biggest differences between a public sector business and a private sector business is the use of tax dollars. Public sectors businesses entirely run off of tax money, while private sector business depend on making money through selling goods or services.
1. What do you see as some of the POSITIVE aspects of depending on tax money to run a business?
2. What do you see as some of the NEGATIVE aspects of depending on tax money to run a business.
Answer:
1. the positively here is you are sure of the money need to run the business even without one doing much as long as taxes are paid and these business sectors under this category are non profit organization but for the betterment of the people
Explanation:
2. no profit is made so no gain, no specifiation on the goods to fit the requirements of the masses and mass production is mostly low quality.
An encumbrance: Group of answer choices is always a lien. burdens the property. cannot affect the physical use of a property. all of the answers are correct.
Answer:
burdens the property.
Explanation:
An encumbrance may be defined as the legal liability or interest in a property which does not prohibits the passing title to the property, instead it can diminish value. In other words it is an obstruction or a burden.
It is a claim by a party against a property who is not the owner of the property. It largely impacts the transferability of that property and also restrict the free use until encumbrance is lifted. It is the obstructions which impedes and is burdensome.
What will most likely cause a lender to deny credit?
OA short credit history with high balances
O Possession of two credit cards
OA small amount of debt owed
OA historic credit score of 300
Answer:
A historic credit score of 300
Explanation:
A credit score is a numeric record that expresses the reliability of a borrower to repay loans. The credit score or credit rating is determined by, among other things, credit history, income level, and the individual's income to debt ratio.
Credit scores range between 300 and 850. 300 is the lowest and the poorest score. A score of 300 indicates that the borrower has a bad history of debt repayment. They are always late on repayments, miss on installments, or have defaulted on loans. Lenders consider such persons as high-risk borrowers and are likely to deny them credit facilities.
Outline and discuss the major categories of reimbursements and costs in a health care organization. How do they influence each other
Answer:
In healthcare organisations, main compensation and expense divisions focus on where they are utilised; there's many various types of entities, including such: profits, non-profit as well as residential. Stockholders of benefit organisations on the company and earn income from them.
Non-profit agencies raise revenue from their patient/consumer programmes and are prohibited from collecting tolls. In private coverage, the organisation department will supply the healthcare professional with direct payment.
The category of service user, such as as someone who spends with his own funds and someone who uses different private programmes available in market.
A company reported average total assets of $1,240,000 in Year 1 and $1,510,000 in Year 2. Its net operating cash flow was $102,920 in Year 1 and $138,920 in Year 2. (1) Calculate its cash flow on total assets ratio for both years. (2) Did its cash flow on total assets improve in Year 2 versus Year 1
Answer:
A. Year 1 8.3%
Year 2 9.2%
B. Yes
Explanation:
(1) Calculation for its cash flow on total assets ratio for both years
Using this formula
Cash flow on total assets ratio =Net operating cash flow/Average total assets
Let plug in the formula
Year 1 Cash flow on total assets ratio=$102,920/$1,240,000
Year 1 Cash flow on total assets ratio=8.3%
Year 2 Cash flow on total assets ratio= 138,920/1,510,000
Year 2 Cash flow on total assets ratio= 9.2%
(2) Based on the above calculation YES it's cash flow on total assets improve in Year 2 versus Year 1
the scott company had the following activities during 2019. during the year, work-in-process increased by $2,500 and finished goods decreased by $6,000. during the year, work-in-process increased by $2,500 calculate the amount of direct labor cost for the year
Answer:
$5,000
Explanation:
The amount of direct labor cost is calculated as;
= Increase in work in process during the year + Increase in work in process during the year
Given that;
Increase in work in process during the year = $2,500
Further increase in work in process during the year = $2,500
Direct labor cost = $2,500 + $2,500
Direct labor cost $5,000
what are some fixed costs of a grocery store
Answer:
Rental lease payments, property taxes, interest expenses, insurance, or salaries.
Explanation:
Fixed costs are the expenditures that doesn't change base on sales.
If there is no written designated agency relationship, a client of Meramac Realty has what kind of relationship with Meramac
Answer: c. A nonagency relationship with everyone in the office.
Explanation:
For an agency relationship to exist in the eyes of the law, there must be a contract with a written designated agency relationship between the client and Meramac Realty.
With no such contract in existence, the law recognizes no agency relationship between Meramac and any of its affiliates with the client. There is therefore a non-agency relationship with everyone in Meramac.
Kim is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. Right now Kim is living at home and works in a shoe store, earning a gross income of $1,070 per month. Her employer deduct $210 for taxes from her monthly pay. Kim also pays $128 on several credit card debts each month. The loan she needs for chiropractic school will cost an additional $85 per month. Help Kim make her decision by calculating her debt payments-to-income ratio with and without the college loan. (Remember the 20 percent rule.)
Answer:
Even with the student loan, Kim's debt to income ratio is lower than 20%, so she should get the loan and attend chiropractic school.
Explanation:
debt to income ratio = total debt payments / total gross income
debt to income ratio without student loan = $128 / $1,070 = 11.96%
debt to income ratio with student loan = ($128 + $85) / $1,070 = 19.91%
What are the portfolio weights for a portfolio that has 130 shares of Stock A that sell for $40 per share and 110 shares of Stock B that sell for $30 per share
Answer:portfolio Weight of A =0.6118; portfolio Weight of B=0.3882
Explanation:
stock A Investment = Number of shares x market value
=130 x 40 = $5200
stock B investment =Number of shares x market value
110 x 30 = $3,300
Total Investments= $5200 + $3,300 = $8,500
portfolio Weight = stock Investment / Total investment
portfolio Weight of A= 5200/ 8,500 =0.6118
portfolio Weight of B = 3,300 / 8,500 =0.3882
What are the main issues to be addressed in a business code of ethics required by the Securities and Exchange Commission
Answer:
Conflicts of interest, full and fair disclosures, legal compliance, internal reporting of code violations and accountability.
Explanation:
The main issues to be addressed in a business code of ethics as required by SEC securities and exchange commission are conflicts of interest, full and fair disclosures, legal compliance , internal reporting of code violations and accountability.
With regards to the above, businesses are expected to fully disclose conflict of interest if there is any to SEC. The reason is to monitor the activities of the business whether it has deviated from its original plan. Again, it is expected of business to completely disclose facts as it relates to its dealings with members of the public in a fair manner.
Again, a business as required by SEC must comply legally to the regulations as instituted by relevant governing bodies. A business must also be accountable at all times for its actions or inactions.
does anyone know a free app that i can watch shows on? what show u may ask it called the 100
5 million in total liabilities 4 million dollars in the balance sheet net worth Calculate the debt to worth ratio
Answer:
1.25
Explanation:
The net worth ratio uses data from the balance sheet to compare the level of a company's debt against its total net worth.
The formula for calculating the debt to net worth ratio is as below.
Debt to networth ratio = Total debts/ Total net worth.
Liabilities are the debts of a business.
in this case, = 5,000,000 / 4,000,000
Debt to net worth ration= 5/4
=1.25
If the future value of an ordinary, 7-year annuity is $10.000 and interest rates are 4 percent, what is the future value of the same annuity due?
Answer:
The future value of the same annuity due is $10,400.
Explanation:
Step 1: Calculation of the annuity payment
This can be calculated using the formula for calculating the Future Value (FV) of an Ordinary Annuity as follows:
FV = P * (((1 + r)^n - 1) / r) ................................. (1)
Where,
FV = Future value of the amount after 7 years = $10.000
P = Annuity payment = ?
r = interest rate = 4%, or 0.04
n = number of years = 7
Substituting the values into equation (1) and solve for P, we have:
10,000 = P * (((1 + 0.04)^7 - 1) / 0.04)
10,000 = P * 7.89829448089601
P = 10,000 / 7.89829448089601
P = $1,266.09612039504
Step 2: Calculation of the future value of the same annuity due
This can be calculated using the formula for calculating the Future Value (FV) of an Annuity Due as follows:
FV = P * (((1 + r)^n - 1) / r) * (1 + r) ................................. (2)
Where,
FV = Future value the same annuity due = ?
P = Annuity payment as obtained in Step 1 above = $1,266.09612039504
r = interest rate = 4%, or 0.04
n = number of years = 7
Substituting the values into equation (2), we have:
FV = $1,266.09612039504 * (((1 + 0.04)^7 - 1) / 0.04) * (1 + 0.04)
FV = $1,266.09612039504 * 7.89829448089601 * 1.04
FV = $10,400
Therefore, the future value of the same annuity due is $10,400.
Souza Inc, which produces and sells a single product, has provided its contribution format income statement for October.
Sales (4,000 units) $88,000
Variable expenses 40,000
Contribution margin 48,000
Fixed expenses 41,700
Net operating income $6,300
If the company sells 3,500 units, its net operating income should be closest to:_______
a. $5,513
b. -$4,700
c. $6,300
d. $300
Answer:
d. $300
Explanation:
Calculation for what its net operating income should be closest to
Using this formula
First step is to calculate the contribution margin per unit using this formula
Contribution margin per unit= Contribution margin ÷ Number of units
Let plug in the formula
Contribution margin per unit= $48,000 ÷ 4,000 units
Contribution margin per unit= $12
Second step is to calculate the contribution margin
Contribution margin = 3,500 units × $12
Contribution margin = $42,000
Now let calculate the net operating income using this formula
Net operating income = Sales - Variable cost - Fixed expenses
Let plug in the formula
Net operating income= $42,000 - $41,700
Net operating income= $300
Therefore its net operating income should be closest to $300
Damon convinced his aunt to lend him $6,900 to purchase a plasma digital TV. She has agreed to charge only 12 percent simple interest, and he has agreed to repay the loan at the end of one year. How much interest will he pay for the year
Answer:
444
Explanation:
Simple Interest for a year can be calculated using
I = PRT/100
P= Principle amount
R= percent simple interest
T= time
(3700)(12)(1)/100 = 444