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Len [333]
2 years ago
12

Bill Blum insured his hardware store with a fire insurance policy for $88,000 at a cost of $0.84 per $100. Ten months later his

insurance company canceled his policy as a result of failure to correct a fire hazard. The cost of the policy to Bill was:
Business
1 answer:
Dovator [93]2 years ago
4 0

Answer:$616

Explanation:

The insurance policy is a policy on an annual basis in which premium are paid in advance to enable the insurance firm to provide cover for the clients.

Cost of insurance

$0.84* ($88000/100)

= $732.92 per annum

However since the insurance was cancelled after 10 months he will only be responsible for 10 months.

$739.2/12*10

=$616

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While _______ decisions will generally need to be processed via the ______ system in our brains in order for us to reach a good
leonid [27]

Answer:

A. Nonprogrammed; reflective; programmed; reactive

Explanation:

Programmed decisions are those which occur more frequently and are quickly executed, almost instinctly, without needing much of a thought process, by what we call the reactive system.

Nonprogrammed decisions are those that present unusual or new situations and require a deeper reflection and understanding of the issue. Those are processed via the reflective system in the brain.

Therefore, the correct answer is A. Nonprogrammed; reflective; programmed; reactive

5 0
2 years ago
Read 2 more answers
How do you feel at the beginning of the game as the facts about your situation flash on the screen? Do you think you can live 30
Alex73 [517]

Answer:

If you use the money reasonably and wisely, Yes, I think you can live 30 days with 1000 dollars in savings.

8 0
2 years ago
The actual manufacturing overhead incurred at Gutekunst Corporation during March was $53,000, while the manufacturing overhead a
nevsk [136]

Answer:

B. Manufacturing overhead was overapplied by $20,000; Cost of goods sold after closing the manufacturing overhead account is $431,000.

Explanation:

Manufacturing overhead refers to the factors or conditions that keeps a facotry running. These include electricity, deprecaition on factory, etc.

In the case of the queetion above, the manufacturing overhead has been over applied by $20,000 (i.e: $73,000 - $53,000). This over application of the manufacturing overhead has also affected the cost of goods sold after closing out the manufacturing overhead account

Since the overapplied amount is $20,000, we deduct the overapplied amount from the cost of sales ($471,000) to get the actual costs of goods sold after closing out the manufacturing overhead account.

We then have ($451,000 - $20,000) = $431,000.

Therefore, the cost of goods sold after closing the manufacturing overhead account is $431,000.

Cheers.

4 0
2 years ago
Using your knowledge about economic concepts and what you read about the Clean Air Act, compose a two-paragraph essay to the hea
ivanzaharov [21]

Explanation:

Clean Air Act which arouse in 1963 to protect environment as well as human health in the United States.

Advantages to the environment:

  • Reduces air pollution by setting standard for industry to control emission of dangerous wastes
  • Improves life style
  • People becomes active because of the in-take of fresh air
  • Protects ozone layer

Disadvantages to the Industry:

  • A big challenge to the industry
  • Certain goods cannot be produced since the emission of chemicals into the air is more than the stipulated ratio specified by the Clean air act

Clean air act is essential to protect the environment, at the same time, the industry has many intelligent people to wisely control pollution and reach success in-spite of challenges.

4 0
2 years ago
Read 2 more answers
The following information relates to last year's operations at the Legumes Division of Gervani Corporation:
yanalaym [24]

Answer:

The Legume Division's net operating income last year was d. $45,000

Explanation:

Turnover (on operating assets) = Total Sales/ Operating assets

From the formula,

Operating assets = Total Sales/Turnover (on operating assets) = $900,000/3 = $300,000

Return on investment (ROI) is calculated by using following formula:

ROI = Net income/Total investment

Net Income = ROI x Total investment

At the Legumes Division of Gervani Corporation, Total investment  = Operating assets = $300,000

Net Income = 15% x $300,000 = $45,000

7 0
2 years ago
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