Ask question

Ask question

All categories

2 years ago

7

Your apartment gets robbed, and $1,560 worth of your belongings are gone. You have renter's insurance to cover the loss, but you

r deductible is $500. How much will the insurance company pay you for your loss? a) $500 b) $1,060 c) $1,560 d) $2,060

1 answer:

crimeas [40]2 years ago

8 0

The answer would be b) 1060

You might be interested in

Unipeg Corporation has uniform high sales targets for its employees all across the globe, regardless of the environmental constr

Aleks04 [339]

Answer: 4). Unrealistic performance goals.

Explanation: Ethics are moral principles that guide how an individual acts. Ethics involves integrity and values.

In the context above, employees were given unrealistic sales targets regardless of the economic constraint of the nation. This hampered the ethical nature of some of the Staff as for fear of being penalized they became unethical.

4 0

2 years ago

a. Segar Company budgets sales of $3,200,000, fixed costs of $700,000, and variable costs of $2,240,000. What is the contributio

GarryVolchara [31]

Answer:

a. 30%

b. $335,000

Explanation:

a. The computation of the contribution margin ratio is shown below:

Contribution margin ratio = (Contribution margin) ÷ (Sales) × 100

where,

Contribution margin = Sales - Variable cost

= $3,200,000 - $2,240,000

= $960,000

And, the sales is $3,200,000

Now put these values to the above formula

So, the value would equal to

So, the Contribution margin ratio = ( $960,000) ÷ ($3,200,000 ) × 100 = 30%

b. The computation of the income from operations is shown below:

= Contribution margin - fixed cost

= $2,100,000 × 35% - $400,000

= $735,000 - $400,000

= $335,000

3 0

2 years ago

Morganton Company makes one product, and it provided the following information to help prepare the master budget for its first f

Lilit [14]

Answer and Explanation:

1)

BUDGETED SELLING PRICE $ 70 *

BUDGETED UNITS IN JULY 22000

BUDGETED SALES $ 1,540,000

2)

SALES

CASH 40% $ 616,000

CREDIT 60 % OF PREVIOUS MONTH $ 382,200

RAW MATERIAL

RAW MATERIAL PURCHASES COST

40 % PAID NOW JULY $260900 $ 104,360

60 % PREVIOUS MONTH JUNE $ 159980 $ 95,988

LABOR

$12 PER HOUR * (24980 * 2)$ 599,520

VARIABLE EXPENSES $ 37,400

($1.70 * 22000)

FIXED EXPENSES $ 61,000

CASH INFLOW $ 99,932

3)

SALES IN JULY $ 1,540,000

60 % OUTSTANDING $ 924,000

4) 2980 UNITS SHOULD BE PRODUCED

JUNE JULY AUGUST SEP

SALES UNIT 9100 22000 24000 25000

CLOSING UNITS4400 4800 5000 -

20% OF NEXT MONTH SALE

OPENING UNITS - 1820 4400 4800

20% OF PREVIOUS MONTH SALE

FINISHED GOODS REQUIRED

13500 24980 24600 20200

SALES + CLOSING - OPENING

RAW MATERIAL REQUIRED

54000 99920 98400 80800

FINISHED GOODS REQUIRED * 4

CLOSING UNITS9992 9840 8080 -

10% OF NEXT MONTH NEEDS

OPENING UNITS - 5400 9992 9840

10% OF PREVIOUS MONTH NEEDS

RAW MATERIAL PURCHASES

63992 104360 96488 70960

5 0

2 years ago

Alice worked for Fountain Valley, Inc., a corporation that manufactured baby supplies. According to her employment contract with

earnstyle [38]

Question Completion with Answer Options:

A. Yes, according to the terms of her contract.

B. Yes, according to the duty of good faith and fair dealing.

C. No, according to the at-will termination provision in her contract.

D. No, because subsequent conduct of the parties modified the contract.

Answer:

Fountain Valley, Inc. and Alice

B. Yes, according to the duty of good faith and fair dealing.

Explanation:

Alice is entitled to the bonus of $10,000 because the duty of good faith and fair dealing requires Fountain Valley not to deny Alice the benefits arising from their valid contract. Since Alice's employment contract included a 5% bonus of all sales in excess of the previous 12 months' sales, the Fountain Valley, Inc. should not deny Alice's claim to the benefits.

b) Employment contract terms = $78,000/year plus 5% bonus of all sale in excess of the previous 12 months' sales. The value of sales in 2017 is $200,000 more than in 2016. 5% of $200,000 = $10,000. Therefore, Alice is entitled to the bonus.

8 0

2 years ago

In a tiny village, on the coast of South America, early inhabitants used sea shells, as money. Some of these shells were very be

RUDIKE [14]

Answer:

Option (B) is correct.

Explanation:

Unit of account:

There are some functions of money or we can say that characterstics of money:

(a) Medium of exchange

(b) Store of value

(c) Unit of account

(d) Standard of deferred payments

Sea shells are precious items but one cannot properly split divide those sea shells into small denominations like money does. Money is easily storable, people use as a medium of exchange and unit of account.

By unit of account we mean that we can easily measure the value of goods and service and many things in monetary terms but we cannot measure in terms of sea shells.

That's why sea shells unfit to act as money today.

8 0

2 years ago