Answer:
The answer is B.
Explanation:
A premium is the money a business or an individual pays for an insurance policy or it is the price of an insurance policy. They are many policies individuals or businesses can buy and they include healthcare insurance, home insurance, auto insurance, life etc.
Premium can be paid monthly, quarterly, semi-annually or yearly.
The premium paid by a business or an individual is income for the insurance company. Businesses or individuals pay premium in advance. While premium paid in advance is an asset to the business or individual at initiation, it is a liability to the insurance company.
Answer:
The correct answer is letter "B": premiums.
Explanation:
Insurance premiums are the payments individuals make to companies providing policies for the coverage of health care, vehicles, and home. Once an individual enrolls for insurance earns the obligation of making payments to the insurance company so they can render the services agreed on the policy. Premiums are calculated according to the risk of the insured in using the coverage and are paid on a regular basis or in a lump sum.
Answer:
Instructions are listed below
Explanation:
Giving the following information:
Gebler Company sells a product for $ 70 per unit.
Variable costs are $ 25 per unit.
Fixed costs are $ 2500 per month.
The company expects to sell 570 units in September.
Contribution income statement:
Sales= 70*570= $39,900
Variable costs= 570*25= 14250
Contribution margin= 25,650
Fixed costs= 2500
Net income= $23,150
Answer:
Supply chain management encompasses every parts of a product cycle from the producer to consumer, while logistics is a segment of the supply management.
Explanation:
Supply chain management has to with how flow of goods and services are managed and this comprises all procedures that help in converting raw materials into finished goods. Supply chain management sees to how raw materials, work-in-process inventory, and of finished goods are stored and moved from the producer to the final consumers. The aim of the supply chain management is to ensure customers derive maximum satisfaction and value and the company enjoy a competitive advantage in the market.
On the other hand, logistics is just one of the components of supply chain management which sees to how goods are stored and moved from the organisation to the outside. That is logistics comprises all the activities that have to do with the transportation, warehousing of goods.
Answer: Time period
Explanation:
From the question, we are informed that Johanna recently took over her father's business and she considered changing the date when she records and reports the business' financial results but her accountant advised her not to do this.
The accounting principle that is the basis of the accountant's advice is time period principle. The time period principle states that information regarding a particular transaction shouldn't be changed when it has been reported for at a particular time period.
Answer: $465,000
Explanation:
To calculate the Taxable income we would have to adjust the figure for dividends received as well as interest.
Now, 50% of dividends received are taxable so let's adjust for that first,
= 20,000 * 0.5
= $10,000
$10,000 of dividends are taxable.
To calculate the Taxable income we have to use the following formula,
Taxable income = Income after operating Costs - Interest Charges + Taxable dividends
= 495,000 - 40,000 + 10,000
= $465,000
That Taxable income is therefore $465,000
Note: The dividends paid are not included here because they are taxable and already included in the Taxable operating income so including it again would amount to Double Counting.
If you need any clarification do react or comment.
Answer: Firm's taxable income = $465,000
Explanation:
GIVEN the following :
Taxable operating income = $495,000
Dividend received = $20,000
Interest charges = $40,000
Firm's taxable income =?
NOTE: 50% of dividend received is tax exempt.
Therefore,
0.5 × $20,000 = $10,000
Taxable portion of dividend received = $20,000 - $10,000
Taxable dividend = $10,000
Taxable income = (Taxable operating income + taxable dividend) - interest charges
Taxable income = ( $495,000 + $10,000) - $40,000
Taxable income = $505,000 - $40,000
Firm's taxable income = $465,000
Answer:
new wants continue to develop and willingness to meet them is limited.
Explanation:
In economics, scarcity refers to not being able to satisfy the total demand for goods and services. Everything is scarce, specially time (also capital, labor, technology), and economic agents must allocate resources that yield the highest benefits to them. The demand for goods and services is virtually unlimited, but if you can earn a higher profit from selling certain good X than selling good Y, you will sell good X and the consumers' demand for good Y will be unsatisfied.
Scarcity exists because human wants and needs are infinite, but the resources to fulfill these are finite. Our society constantly desires new and more goods, but our ability to produce these items is limited. This results in constant decision-making about what to produce, how to make it, and who will receive it.
Scarcity exists due to the second multiple choice option - new wants continue to develop, and the willingness or ability to meet them is limited. This is a foundational concept in economics explained by the fact that human wants and needs are infinite, but resources to fulfill these wants and needs are finite. This disparity between nearly limitless wants and the limited production capability results in scarcity.
Even as societal productivity improves, and we produce more goods and services, we continually desire more and newer products. Additionally, resources such as land, labor, and capital are not infinite. We always have to make decisions about what to produce, how to produce it, and who will get what is produced. Those are the three central coordination problems.
#SPJ6
Answer:
Answer is explained in the attachment.
Explanation: