Answer:
magine that you work for a life insurance company. You are setting premiums for insurance based on life expectancy. Assuming you charge a higher premium for people expected to have shorter lives, you know that ____older people____ will generally pay more for life insurance than ___younger people_____.
Explanation:
Setting life insurance premiums take into consideration the age of the insured (insurance policyholder). Other factors considered in setting premiums are gender, medical history, hobby, and career. Insurance premiums are periodic payments which the insured is expected to make to the insurance company (insurer) to cover the cost of the financial service being rendered and contribute to the defined benefits that will be paid upon expiration or in the event of the risk occurring.
Which one of these is covered by a specific type of insurance policy?
A.Off grid homes
B. Condominiums
C. Home with more than two stories
D. Homes in rural areas
Answer:
A.Off grid homes
Explanation:
Specific type of insurance policy covers the most common perils except those specifically excluded perils such as earthquake, flood, nuclear disaster, landslide.
OFF GRID HOMES refer to homes which are self-sufficient without reliance on modern technology and public utilities. That means that this homes do not have access to electricity, gas, water, etc.
Therefore, these homes can be insured by a specific type of insurance policy.
The off-grid homes should be covered by a specific type of insurance policy.
The following information should be considered:
The specific insurance refers to the type of property insurance where only one person's property should be covered by the policy.It should be possible for the one property for the coverage that too is done from a specific insurance policy.Therefore the other options are incorrect.
Learn more about the insurance here: brainly.com/question/13293881
Thirty years ago, the original owner of Greenacre, a lot contiguous to Blueacre, in fee simple, executed and delivered to his neighbor an instrument in writing which was denominated "Deed of Conveyance." In pertinent part it read, "[The owner] does grant to [the neighbor] and her heirs and assigns a right-of-way for egress and ingress to Blueacre." If the quoted provision was sufficient to create an interest in land, the instrument met all other requirements for a valid grant. The neighbor held record title in fee simple to Blueacre, which adjoined Greenacre. Twelve years ago the owner's son succeeded to the original owner's title in fee simple in Greenacre and seven years ago the neighbor's daughter succeeded to the neighbor's title in fee simple to Blueacre by a deed which made no mention of a right-of-way or driveway. At the time the neighbor's daughter took title, there existed a driveway across Greenacre which showed evidence that it had been used regularly to travel between the main road and Blueacre. Blueacre did have frontage on a side road, but this means of access was seldom used because it was not as convenient to the dwelling situated on Blueacre as was the main road. The driveway originally was established by the neighbor. The neighbor's daughter has regularly used the driveway since acquiring title. The period of time required to acquire rights by prescription in the jurisdiction is ten years. Six months ago the son notified the neighbor's daughter that the son planned to develop a portion of Greenacre as a residential subdivision and that the daughter should cease any use of the driveway. After some negotiations, the son offered to permit the daughter to construct another driveway to connect with the streets of the proposed subdivision. The daughter declined this offer on the ground that travel from Blueacre to the main road would be more circuitous. The neighbor's daughter brought an appropriate action against the son to obtain a definitive adjudication of the respective rights of the daughter and the son. In such lawsuit the son relied upon the defense that the location of the easement created by the grant from the original owner to the neighbor was governed by reasonableness and that the son's proposed solution was reasonable.
The son's defense should:____________
Answer: Son's argument should fail
Explanation:
The son's defense will fail because the location of the easement is not governed by reasonableness as it had been established at its current location by the neighbor.
It can not now be changed arbitrarily by the son because the original owner had allowed it to be built. The easement's location is therefore established by actions between the original owner and the neighbor and so it is a binding location.
A manufacturing shop is designed to operate most efficiently at an output of 950 units per day. In the past month the plant produced 750 units. What was their capacity utilization rate last month? (Round your answer to 1 decimal place.) Capacity utilization rate %
Answer:
78.95%
Explanation:
Capacity utilization rate = Capacity used / Best operating level
Capacity utilization rate = 750 units / 950 units
Capacity utilization rate = 0.789473684
Capacity utilization rate = 78.95%
So, their capacity utilization rate last month is 78.95%
B. Lopez Company reports unadjusted first-year merchandise sales of 221,000 and cost of merchandise sales of $64,000. The company expects future returns and allowances equal to 5% of sales and 5% cost of sales. The year-end adjusting entry to record the cost side of sales returns and allowances is:
Answer: See explanation
Explanation:
The year-end adjusting entry to record the cost side of sales returns and allowances will be:
Dr Inventory Return estimated $3200
Cr Cost of goods sold $3200
(To record expected coat of returns)
Note that the above calculation was done as:
= $64,000 × 5%
= $64,000 × 0.05
= $3200
Cost outlays are recorded as an expense when they are incurred to earn revenue in the _______________ accounting period
Answer:
Present
Explanation:
An outlay cost is a cost incurred at the time when we have to execute the strategy or purchasing an asset. It can be paid to the vendors for purchasing the goods like for inventory. So this cost should be recognized as an expense when they are incurred in order to earn the revenue in the current or present accounting period
Identify the simplifying assumptions usually made in net present value analysis.
a. AlI cash flows Other than the initial investment occur at the end of periods.
b. All cash flows generated by the investment project are immediately reinvested at a rate of return greater than the discount rate.
c. All cash flows generated by the investment project are immediately reinvested at a rate Of return equal to the discount rate,
d. All cash flows occur at the beginning of the periods,
e. The time value of money is ignored when evaluating investment proposals under the net present value analysis.
Answer:
a
c
Explanation:
net present value analysis is a capital budgeting method
It is used to analyse the profitability of an investment
Nabax has an investment that is worth $41,600 and has an expected return of 14.56 percent. The investment is expected to pay her $27,200 in 2 years from today and X in 5 years from today. What is X?
Answer:
The answer is "$41189.19"
Explanation:
Using formula:[tex]\text{Present value=Cash flows} \times \text{Present value of discounting factor(rate \ \%, time period)}[/tex]
[tex]\to 41600=\frac{27200}{1.1456^2}+ \frac{X}{1.1456^5}\\\\\to 41600= (27200 \times 0.761963188)+(X \times 0.506798097)\\\\\to 41600=20725.3987+(X \times 0.506798097)\\\\\\to X=\frac{(41600-20725.3987)}{0.506798097}\\\\[/tex]
[tex]=\$41189.19[/tex]
Changes in the products for which a nation has a comparative advantage create sectoral shocks leading to an increase in frictional unemployment. a. True b. False
Answer: False
Explanation:
Frictional unemployment is a natural unemployment that results when people enter the labor force for the first time and when people move from one job to another. It is therefore not caused by sectoral shocks and every economy, even the best performing ones, will have frictional unemployment.
The unemployment that results from sectoral shocks is cyclical unemployment. This one is not natural and results from the business cycle and shocks to the economy.
Pearson Electric Company uses the high-low method to analyze mixed costs. The following information relates to the production data for the first six months of the year.
Month Cost(Y) Hours(H)
January $8,050 335
February $9,750 780
March $8,040 460
April $8,110 380
May $10,210 1,055
June $9,510 755
What is the estimated total cost at an operating level of 1,180 hours, using the high-low method? (Round variable cost per unit to 2 decimal places.)
Answer:
Results are below.
Explanation:
First, we need to calculate the variable and fixed costs:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (10,210 - 8,050) / (1,055 - 335)
Variable cost per unit= $3
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 10,210 - (3*1,055)
Fixed costs= $7,045
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 8,050 - (3*335)
Fixed costs= $7,045
Now, the total cost for 1,180 hours:
Total cost= 7,045 + 3*1,180
Total cost= $10,585
For each of the regions, use the midpoint method to identify whether the supply of this good is elastic or inelastic. Region Elastic Inelastic Between W and X Between Y and Z True or False: For high levels of quantity supplied where firms have reached near maximum capacity, supply becomes less elastic because firms may need to invest in additional capital in order to increase production further.
Answer:
a-1. Elasticity of supply between W and X is elastic.
a-1. elasticity of supply between Y and Z is inelastic.
b. The statement is true.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question. See the attached pdf file for the complete question.
The explanation of the answers is now provided as follows:
a. For each of the regions, use the midpoint method to identify whether the supply of this good is elastic or inelastic.
The midpoint formula is as follows:
Elasticity of supply = ((Q2 - Q1)/ (Q2 + Q1) /2) / ((P2 - P1) / (P1 + P2) /2) ……… (1)
Using equation (1), we have:
a-1. Between W and X
Q2 = 25
Q1 = 10
P2 = 20
P1 = 15
Substituting the values into equation (1), we have:
Elasticity of supply between W and X = ((25 - 10)/ (25 + 10) /2) / ((20 - 15) / (15 + 20) /2) = 3
Since 3 which is the calculated elasticity of supply between W and X is greater than 1, this implies that elasticity of supply between W and X is elastic.
a-2. Between Y and Z
Q2 = 90
Q1 = 80
P2 = 180
P1 = 90
Substituting the values into equation (1), we have:
Elasticity of supply between Y and Z = ((90 - 80)/ (90 + 80) /2) / ((180 - 90) / (180 + 90) /2) = 0.18
Since 0.18 which is the calculated elasticity of supply between Y and Z is less than 1, this implies that elasticity of supply between Y and Z is inelastic.
b. True or False: For high levels of quantity supplied where firms have reached near maximum capacity, supply becomes less elastic because firms may need to invest in additional capital in order to increase production further.
This statement is true.
This is because, from part a above, it can be observed that elasticity of supply between W and X when quantity is low is elastic but the elasticity of supply between Y and Z when the quantity is high is inelastic. Therefore, it is true that for high levels of quantity supplied where firms have reached near maximum capacity, supply becomes less elastic because firms may need to invest in additional capital in order to increase production further.
1. The advantage of trade is a very important concept in economics. In examining trade between two individuals or two countries, you usually see at least one side specializing in the production of one good. A. What concept is most important in determining which good a person or nation will specialize in the production of
Answer:
Comparative advantage
Explanation:
In simple words, The capacity of a country to provide a certain item or service at a lower opportunity price than its trade rivals is known as competitive advantage. A competitive edge allows a firm to sell products and solutions at a cheaper cost than its rivals while maintaining higher profit margins.
Thus, from the above we can conclude that the correct answer is comparative advantage.
Sand engaged in operations at the start of 20X1 and reported $550,000 in pre-tax book income for the year. Tax depreciation for Sand exceeded book depreciation by $50,000. The tax rate for 20X1 was 25%, and Congress had enacted a tax rate of 21% for the years after 20X1. What is the deferred tax liability for Sand at December 31, 20X1
Answer:
$10,500
Explanation:
Based on the information the deferred tax liability for Sand at December 31, 20X1 will be
DR Income tax expense $135,500
($125,000+$10,500)
CR DEFERRED TAX LIABILITY $10,500
($50,000*21%)
CR Income tax payable $125,000
($550,000-$50,000*25%)
Which of the following control activities should be taken to reduce the risk of incorrect processing in a newly installed computerized accounting system? Multiple Choice Segregation of duties. Ensure proper authorization of transactions. Adequately safeguard assets. Independently verify the transactions.
Answer: Independently verify the transactions.
Explanation:
As the computerized accounting system is new, there is a certain warranted level of distrust in it which will only go away after the system consistently performs well.
Until such a time, it is important that every transaction that is processed by the system is independently verified so as to see if the system processed the transaction well. Only after satisfactory results over a period of time will the system become trusted.
The government of Egalitariania wants to favor firms and is considering implementing a maximum wage. Assume the maximum wage is both binding and less than the equilibrium wage. What happens to the employment of workers
Answer: It will increase
Explanation:
A maximum wage means that companies do not have to pay more than a certain wage limit. If this wage limit is less than the equilibrium wage, companies would be able to spend less on wages than they are normally supposed to.
Their cost will therefore reduce and they will be able to hire more workers with the money they would have spent to pay the workers the equilibrium wage thereby increasing the number of people employed in the country.
You have been asked to create a synthetic short position in a forward contract that permits you to sell 10 units of the underlying one year from now at a price of $50 per unit. (1) Describe the positions you need to take in call and put options to achieve the synthetic short forward position. (2) If the underlying is selling for $48 today (i.e. So = 48), what is the cost of your synthetic short position?
Solution :
[tex]\text{Short forward = buy a put + short a call on the same stock}[/tex] with the same exercise price.
X = exercise price = 50
1). Position to be taken :
-- buy 10 numbers of Put options with strike price of $ 50 per unit.
--- short (sell) 10 numbers of Call option with strike price of $ 50 per unit.
2). Cost of synthetic short position = [tex]$10 \times (P-C)$[/tex],
where, P = price of 1 put ption
C = price of 1 call option
The Call - Put parity equation :
[tex]$\frac{C+X}{(1+r)^t}=S_0+P$[/tex]
Here, C = Call premium
X = strike price of call and Put
r = annual rate of interest
t = time in years
[tex]$S_0$[/tex] = initial price of underlying
P = Put premium
Therefore,
[tex]$P-C=PV(X)-S_0=\frac{X}{(1+r)^t}-S_0$[/tex]
Here, t = 1, [tex]S_0[/tex] = 48, X = 50
So the cost of the position is given as : [tex]$\frac{50}{(1+r)} -48$[/tex]
A(n) _____ typically hires the staff of an employer and writes paychecks, pays taxes, prepares and implements HR policies, keeps all the required HR records for the employer, and bears legal liability for a fee.
Answer: professional employer organization
Explanation:
A professional employer organization is referred to as an outsourcing firm that helps in the provision of services to businesses.
The services that they provide to the businesses include preparation and implementation of HR policies, Payroll, tax administration, regulatory compliance assistance etc.
Rediger Inc. a manufacturing company, has provided the following data for the month of June. The balance in the Work in Process inventory account was $22,000 at the beginning of the month and $17,000 at the end of the month. During the month, the company incurred direct materials cost of $55,000 and direct labor cost of $28,000. The actual manufacturing overhead cost incurred was $53,000. The manufacturing overhead cost applied to jobs was $51,000. The cost of goods manufactured for June was: _________.
a. $141,000
b. $139,000
c. $134,000
d. $136,000
Answer:
b. $139,000
Explanation:
The cost of goods manufactured is the total costs incurred in the month of June in producing goods which comprise direct costs of labor, direct materials,factory overhead and so on shown in the attached excel file.
Rediger Inc.
Cost of goods manufactured schedule
Direct materials purchased $55,000
Direct labor $28,000
Total direct costs $83,000
factory overhead $51,000
Total manufacturing costs $134,000
Work in process 1/1 $22,000
Work in process 12/31 ($17,000)
Cost of goods manufactured $139,000
Employees earn vacation pay at a rate of one day per month. Maxum estimated and must expense $13,000 of accrued vacation benefits for the year. During December, Maxum Company sold 12,000 units of a product that carries a 60-day warranty. December sales for this product total $460,000. The company expects 10% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $15.
Required:
Prepare adjusting entries at December 31 for Maximum Company's year-end financial statements for each of the above separate transactions.
Answer and Explanation:
The journal entries are shown below:
1
Vacation Benefit Expense $13,000
To Vacation Benefit Payable $13,000
(Being vacation benefit expense is recorded)
2
Warranty Expense $18,000
To Estimated Warranty Liability $18,000
($12,000 × 10 % × $15) = $18,000
(Being warranty expense is recorded)
These two entries need to be passed
Lãi suất tiền gửi và cho vay của Việt nam hiện tại là bao nhiêu?
Answer:
?????
Explanation:
A recent study determined that, at the current market price, there is a shortage of widgets in Pleasantville. If the market for widgets is allowed to adjust, the ultimate result will be:
Answer: b. an increase in price and an increase in the quantity supplied
Explanation:
According to the law of supply and demand, when the supply of a good is low, the price should be high to reflect this scarcity. In this case, the supply of widgets is low, hence the shortage.
If the market was able to freely adjust, the price of widgets would increase to reflect this shortage. When supplies see this increase, they will increase their supply so as to earn more profits.
Pace Corporation has requested an estimate to rebuild its spot welder. Second Chance estimates that it would require 39 hours of labor and $2,800 of parts. Compute the total estimated bill
Answer:
a. 42.40%
b. $3,995.20
Explanation:
Full question is "Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2017 is available for Second Chance Time Charges $198,800 Material Loading Charges Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs $39,800 9,300 27,720 $76,820 56,800 7,100 $262,700 The company desires a $35.00 profit margin per hour of labor and a 23.00% profit margin on parts. It has budgeted for 7,100 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2017 will be $396,000 ▼ (a)Compute the rate charged per hour of labor (b) Pace Corporation has requested an estimate to rebuild its spot welder. Second Chance estimates that it would require 39 hours of labor and $2,800 of parts. Compute the total estimated bill "
Labor rate = ($262,700/7,100) + $35
Labor rate = $37 + $35
Labor rate = $72
a. Material loading % = ($76,820/$396,000) + 23%
Material loading % = 19.3989% + $23
Material loading % = 42.40%
b. Total estimated bill = (39 * $72 per hour) + ($2,800 * 42.40%)
Total estimated bill = $2,808 + $1,187.20
Total estimated bill = $3,995.20
How does the current organizational and operational structure, including the system of corporate governance, benefit the firm
Answer:
The organizational and operational structure of a company must be aligned with the core values and objectives of the business, as it impacts and determines the relationships and culture in the organizational environment.
Therefore, when there is an organizational structure where the hierarchical positions and the decision-making system match the way the company operates in the market, it is correct to say that such organization has a culture that enables its development and the correct progress of the business. Combined with corporate governance, which is a system of inspection, control and incentive to interested parties, the company will benefit from being well structured, positioned and oriented to achieve quality and continuous process improvement.
In recent decades there have been fewer trade blocs established to promote regional economic integration. True False
Answer: False
Explanation:
Trade bloc refers to an intergovernmental agreement, whereby the barriers to trade are eliminated among the countries that are involved.
The statement that "in recent decades there have been fewer trade blocs established to promote regional economic integration" is false.
There has been an increase in trade blocs in recent decades such as Brazil, Russia, India, China, and South Africa(BRICS), North American Free Trade Agreement(NAFTA), Association of Southeast Asian Nations( ASEAN).
They all promote economic development.
i.What is a back yard garden?
ii.State three benefits that can be derived from a backyard garden.
Answer:
a back yard garden is a graden located in residential property
ii) lessen the amount of groceries bought thus less money spentfreshly grown vegetables and fruits are consumed moreyou get to decide what pesticides and fertilizers you want to useJohn is a self-employed computer consultant who lives and works in Dallas. John paid for the following activities in conjunction with his business. Which is not deductible in any amount?
1. Dinner with a potential client where the client's business was discussed.
2. A trip to Houston to negotiate a contract.
3. A seminar in Houston on new developments in the software industry.
4. A trip to New York to visit a school chum who is also interested in computers.
A. 4 only
B. 3 only
C. 2 only
D.None of these
E. 1 only
Research on a Philippine company that filed for bankruptcy, what type of bankruptcy they filed, and its effect on the company?
Answer:
There are various reasons when a company files bankruptcy. When a company debtors raise above its assets, the company may claim bankruptcy. The business of a company will then seize when it files bankruptcy.
Explanation:
When a company files bankruptcy, its operations are closed and then analysts visit to identify worth of company's existing assets and analyze whether these assets are enough to pay off liabilities. Debtors are paid first and then with any left over amount investors are paid back.
Mandatory outlays a. require changes in existing laws if those outlays are to be altered. b. cannot be altered once they are made into law. c. usually change during the budget process. d. are a minor component of total outlays, and so are usually ignored.
Answer:
a. require changes in existing laws if those outlays are to be altered.
Explanation:
The mandatory outlays are the outlays in which there should be the need to change in the law i.e. already existed but the same is applied when the outlays could be changed or varied or altered
That means without alteration it does not required the changes
Therefore the option a is correct
Dake Corporation's relevant range of activity is 2,300 units to 5,500 units. When it produces and sells 3,900 units, its average costs per unit are as follows:
Average Cost per Unit
Direct materials $ 6.80
Direct labor $ 4.00
Variable manufacturing overhead $ 1.55
Fixed manufacturing overhead $ 2.50
Fixed selling expense $ 1.15
Fixed administrative expense $ 0.85
Sales commissions $ 0.95
Variable administrative expense $ 0.85
If 2,900 units are produced, the total amount of direct manufacturing cost incurred is closest to:
a. $39,875
b. $31,320
c. $35,815
d. $43,065
An FI purchases at par value a $100,000 Treasury bond paying 10 percent interest with a 7.5 year duration. If interest rates rise by 4 percent, calculate the bond's new value. Recall that Treasury bonds pay interest semiannually. Use the modified duration valuation equation.
Answer:
The bond's new value is $70,000
Explanation:
First calculate the percentage change in the value of the bond
Duration = Percentage change in price / Percentage change in yield
Percentage change in price = Duration x Percentage change in yield
where
Duration = 7.5 years
Percentage change in yield = 4%
Percentage change in price = ?
Placing value sin the formula
Percentage change in price = 7.5 x 4%
Percentage change in price = 0.30
Percentage change in price = 30%
As we know that the value of the bond and the yield rate are inversely proportional to each other, If the yield rate increases the value of the bond decreases due to the discounting factor used in the valuation o the bond.
Hence, the value of the bond is calculated as follow
Value of the bond = Par value of the bond x ( 1 - per centage of change in the price of the bond
Value of the bond = $100,000 x ( 1 - 30% )
Value of the bond = $100,000 x 0.70
Value of the bond = $70,000
Explain how an enterprise can use functional level strategy to improve 1) efficiency, 2) quality, and 3) customer responsiveness.
Answer:
Explanation:
Functional level strategies can improve a company’s ability to attain superior efficiency, quality, innovation, and customer responsiveness by reducing costs and improving production by ways such as economies of scale, learning effects, marketing strategies or efficient information technologies.
