Jean-Ann works in the finance business. She analyzes insurance applications in order to determine the level of risk involved in insuring the applicant, then decides whether or not to insure them. Jean-Ann works as


a. an Insurance Underwriter.

b. an Insurance Sales Agent.

c. a Financial Advisor.

d. a Financial Analyst.

​

Answer:

a. an Insurance Underwriter

Explanation:

An insurance underwriter is a professional working with an insurance company whose role is to assess the risk in each application for insurance. After evaluation, the underwriter decides whether to accept or reject the application for insurance cover. The insurance underwriter represents the interest of the company, not the customer.

Answer:

A

Explanation:

At the end of April, Cavy Company had completed Jobs 766 and 765. The individual job cost sheets reveal the following information: Job Direct Materials Direct Labor Machine Hours Job 765 $5,670 $3,500 27 Job 766 8,900 4,775 44 Job 765 produced 152 units, and Job 766 consisted of 250 units. Assuming that the predetermined overhead rate is applied by using machine hours at a rate of $200 per hour. a. Determine the balance on the job cost sheets for each job. Job 765 $ Job 766 $ b. Determine the cost per unit at the end of April. Round your answers to the nearest cent. Job 765 $ Job 766 $

Dustin, who is 48 years old, works for Pinnacle Inc., with a salary of $300,000, a car allowance, and a very nice expense account. Pinnacle is a Fortune 1,000 company that sponsors a defined benefit plan that pays 2 percent times years of participation times the average of the three final years of compensation. In addition, Pinnacle sponsors a 401(k) / profit sharing plan and contributes 18% of employees salary to the profit sharing plan. There is no additional match. If the ADP of the NHCEs is 3%, what is the maximum that Dustin can defer this year (2020)? a. $17,100. b. $14,250. c. $19,500. d. $5,700.

A company in the growth phase of its product life cycle will normally have which of the following patterns of cash flows? Select one: a. Negative or positive cash flows from operations, negative cash flows from investing and negative cash flows from financing b. Positive cash flows from operations, positive cash flows from investing and positive cash flows from financing c. Negative cash flows from operations, negative cash flows from investing and positive cash flows from financing d. Negative or positive cash flows from operations, negative cash flows from investing and positive cash flows from financing

The public often gets the impression that misconduct is more widespread than it is in reality. true or false?

Describe the importance of the global market and the roles of comparative advantage and absolute advantage in global trade.

Max bought 700 shares of an oil company's stock for $15.60 per share. How much did Max spend?

Hudson Corporation will pay a dividend of $3.26 per share next year. The company pledges to increase its dividend by 6.5 percent per year indefinitely. If you require a return of 15 percent on your investment, how much will you pay for the company’s stock today?

Which of the following is a TRUE statement on service areas?

a. Service areas will be the same for different organizations.
b. Hospitals in rural areas have ill-defined service areas for their particular services.
c. The service areas for public health departments are homogenous within a state, without regard to whether they are metropolitan or rural.
d. Determining the geographic boundaries of the service area may be highly subjective and is usually based on patient histories, the reputation of the organization, and available technology

Mark's department has hired a marketing manager to help increase the sale of the company’s products. However, he believes that the marketing manager adds no value to the company and simply plays back what the company wants to hear. Mark must write a letter to the marketing manager offering constructive criticism. Which of the following should Mark include in the letter to avoid litigation charges? Group of answer choices False information about the consultant Statements that hurt the sentiments of the consultant Personal opinions about the consultant's character Specific facts about the consultant that can be verified

If a secondary marketing team wants to reduce their production and the
volume of loans in their pipeline, what action might it take?

A company uses the weighted average method in its processing costing system and a normal costing system in the application of manufacturing overhead to production. MOH costs are applied to production at a rate of​ $3 per direct labor hour. All direct materials are added at the beginning of the production process. The following data relate to the operations of the​ company’s first processing department for August​ 2018:

Beginning WIP 800​ units, 60% complete with respect to conversion costs Units started during the month ​16,000
Ending WIP 300​ units, 40% complete with respect to conversion costs

On July 31st, $1,300 of direct materials and $2,400 of conversion costs were assigned to units in ending inventory. During August, $47,000 of direct materials were requisitioned for production and $215,000 of direct labor costs were incurred. Direct laborers are paid a rate of $10 per direct labor hour.The costs assigned to units in Ending Inventory on August 31st were:

a. $2,899.20
b. $2,737.20
c. $5,961.00
d. $3,873.60

Legislative framework that supports government in employing majority of citizens in South Africa ?

EcoFabrics has budgeted overhead costs of $1,001,700. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 477,000 for the current year. The company has decided to experiment with activity-based costing and has created two activity cost pools and related activity cost drivers. These two cost pools are cutting (cost driver is machine hours) and design (cost driver is number of setups). Overhead allocated to the cutting cost pool is $381,600 and $620,100 is allocated to the design cost pool. Additional information related to these pools is as follows.

Wool Cotten Total

Machine hours 114,000 114,000 228,000
No of Setups 1,140 570 1710

Required:
a. Calculate the overhead rate using activity based costing.
b. Determine the amount of overhead allocated to the wool product line and the cotton product line using activity-based costing.
c. What amount of overhead would be allocated to the wool and cotton product lines using the traditional approach, assuming direct labor hours were incurred evenly between the wool and cotton?

Suppose the inflation rate is 3% when a 15-year mortgage loan is given at a fixed rate of 4.5%. Five years later the inflation rate rises to 4%. What impact does this change have on the nominal interest rate and the real interest rate on the mortgage loan

Note 1: On April 1 of the current year, Warren Corporation received a $34,000, 10 percent note from a customer in settlement of a $34,000 open account receivable. According to the terms, the principal of the note and interest are payable at the end of 12 months. The annual accounting period for Warren ends on December 31.

Note 2: On August 1 of the current year, to meet a cash shortage, Warren Corporation obtained a $34,000, 12 percent loan from a local bank. The principal of the note and interest expense are payable at the end of six months.

Required:
For the relevant transaction dates of each note, indicate the amounts and the direction of effects on the elements of the balance sheet and income statement.

How technological change affect retail business industry?

A company must decide between scrapping or reworking units that do not pass inspection. The company has 44,000 defective units that have already cost $264,000 to manufacture. The units can be sold as scrap for $156,000 or reworked for $198,000 and then sold for $374,000. If the company decides to rework the units, incremental income equals:

Who can access presentations shared online using PowerPoint’s broadcast service?

A) anyone with the URL
B) anyone with a password
C) only an invited audience
D) only those with a secure ID

Khanam Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $97 Units in beginning inventory 500 Units produced 8,400 Units sold 8,500 Units in ending inventory 400 Variable costs per unit: Direct materials $20 Direct labor $37 Variable manufacturing overhead $1 Variable selling and administrative $11 Fixed costs: Fixed manufacturing overhead $67,200 Fixed selling and administrative $161,500 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. What is the net operating income for the month under variable costing

What is the best reason for homebuyers to create a budget before taking out a mortgage?

What is the difference between an implied warranty and an extended
warranty?

A. An implied warranty is free, and an extended warranty costs the
consumer money.

B. An implied warranty is upheld by law, while an extended warranty
is a written guarantee.

C. An implied warranty is for consumers, and an extended warranty is for businesses.

D. An implied warranty has no time limit, while an extended warranty
has an expiration

buying a $50 Bouquet of roses for Valentine’s Day is an example of a(n) ____ purchase. (fill in blank)
————-
a-esteem
b-physiological
c-security
d-self actualization

Consider two neighboring island countries called Felicidad and Arcadia. They each have 4 million labor hours available per week that they can use to produce rye, jeans, or a combination of both. The following table shows the amount of rye or jeans that can be produced using 1 hour of labor.


Country Rye Jeans
(Bushels per hour of labor) (Pairs per hour of labor)
Felicidad 4 16
Arcadia 5 10

Initially, suppose Arcadia uses 1 million hours of labor per week to produce rye and 3 million hours per week to produce jeans while Felicidad uses 3 million hours of labor per week to produce rye and 1 million hours per week to produce jeans. Consequently, Felicidad produces 12 million bushels of rye and 16 million pairs of jeans, and Arcadia produces 5 million bushels of rye and 30 million pairs of jeans. Assume there are no other countries willing to trade goods, so, in the absence of trade between these two countries, each country consumes the amount of rye and jeans it produces.

Felicidad's opportunity cost of producing 1 bushel of rye is ________ of jeans, and Arcadia's opportunity cost of producing 1 bushel of rye is ________ of jeans. Therefore, ________ has a comparative advantage in the production of rye, and ________ has a comparative advantage in the production of jeans.

Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. In this case, the country that produces rye will produce ________ million bushels per MONTH, and the country that produces jeans will produce ________ million pairs per MONTH.

How does diversity help companies have a competive advantage?

Which of the following statements is CORRECT? Group of answer choices Relative to proprietorships, corporations generally face fewer regulations, and they also find it easier to raise capital. Stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. One disadvantage of operating as a corporation rather than as a partnership is that corporate shareholders are exposed to more personal liability than are partners. There is no good reason to expect a firm's stockholders and bondholders to react differently to the types of assets in which it invests.'

The Coughlin Company retails twoâ products: a standard and a deluxe version of a luggage carrier. The budgeted income statement for next period is asâ follows:

Standard Carrier Deluxe carrier Total
Units sold 187,500 62,500 250,000
Revenues at $28 and $50 per unit 5250000 3125000 8375000
Variable costs at $18 and $3 per unit 3375000 1875000 5250000
Contribution margins at $10 and $20 per unit 1875000 1250000 3125000
Fixed costs 2250000
Operating income 875,000

Requirement:
a. Compute the breakeven point inâ units, assuming that the company achieves its planned sales mix.
b. Compute the breakeven point in units (a) if only standard carriers are sold and (b) if only deluxe carriers are sold.
c. Suppose 250,000 units are sold but only 50,000 of them are deluxe. Compute the operating income. Compute the breakeven point in units.

If the marginal utility from consuming the ninth unit of a product is 3 and the total utility from all nine units is 115, then the total utility from consuming eight units must be Multiple Choice 112. 118. 38.

Suppose there is a fall in the price of a good from ​$ to half the​ price, the quantity demanded increases from x to 3x​ units, and the price elasticity of demand is . Now suppose there is an increase in the price of a good from ​$ to double its price and the price elasticity is . The elasticity is enter your response here ​, and remains the same regardless of an increase or decrease in price. ​(Round your response to two decimal places​.) This is known as ▼ income elasticity arc elasticity cross-price elasticity .

Ultimately, the responsibility of the project manager is to: _____________

a. make sure the customer is satisfied.
b. finish the project as quickly as possible.
c. finish the project as cost effectively as possible.
d. make independent decisions.

Margin of Safety Comer Company produces and sells strings of colorful indoor/outdoor lights for holiday display to retailers for $15.98 per string. The variable costs per string are as follows: Direct materials $1.87 Direct labor 1.70 Variable factory overhead 0.57 Variable selling expense 0.42 Fixed manufacturing cost totals $745,726 per year. Administrative cost (all fixed) totals $527,604. Comer expects to sell 239,900 strings of light next year.
1. Calculate the break-even point in units.
2. Calculate the margin of safety in units.
3. Calculate the margin of safety in dollars.