Wilson Ivanhoe is a leading producer of vinyl replacement windows. The company's growth strategy focuses on developing domestic markets in large metropolitan areas. The company operates a single manufacturing plant in Kansas City with an annual capacity of 500,000 windows. Current production is budgeted at 450,000 windows per year, a quantity that has been constant over the past threc years. Based on the budget, the accounting department has calculated the following unit costs for the windows: The company's budget includes $5,400,000 in foxed overhead and $3,150,000 in fixed seling and administrative expenses. The windows sell for $150.00 each. A 2% distributoris commission is included in the selling and administrative expenses. E Your answer is partially correct. Calculate variable overhead per unit and variable selling and administrative costs per unit. (Round answers to 2 decimal places, eg. 15.25.) Variable overhead per unit $ Variable selling and administrative costs per unit $ eTextbook and Media Last saved 1 second ago. Attempts: 2 of 3 used Bridgeport, Finland's second largest homebuilder, has approached Wilson with an offer to buy 75,000 windows during the coming year, Given the size of the order, Bridgeport has requested a 35% volume discount on Wilson's normal selling price. Calculate the contribution from special order. (If net contribution is negative, enter amount with a negative sign, eg. −5,285 or parentheses, e. (5,285). Round onswer to 0 decimal places, es. 8.971) Net contribution from special order Should Wilson grant Bridgeport's request? iok and Media Mer: Attempts: 0 of 3 used Return to the original data. Monk Builders has just signed a contract with the state government to replace the windows in lowincome housing units throughout the state. Monk needs 80,000 windows to complete the job and has offered to buy them from Wilson at a price of $110.00 per window. Monk will pick up the windows at Wilson's plant, so Wilson will not incur the $2 per window shipping charge. In addition, Wilson will not need to pay a distributor's commission, since the windows will not be sold through a distributor. Calculate the contribution from special order, contribution lost from regular sales and the net contribution from special order. Contribution from special order Contribution lost from forgone regular sales Net contribution from special order Should Wilson accept Monk's offer? Wilson accept Monk's offer. If Wilson decides to accept Monk's offer, it will need to find an additional 30,000 windows to meet both the special order and normal sales. Metlock Panes has offered to provide them to Wilson at a price of $130.00 per windowi Metlock Panes will deliver the windows to Wilson, and Wilson would then distribute them to its customers. Calculate total contribution from outsourcing. Total contribution from outsourcing Should Wilson outsource the production of the extra windows to Metlock Panes?

Answers

Answer 1

To calculate the variable overhead per unit and variable selling and administrative costs per unit, we need the following information:

Fixed overhead: $5,400,000
Fixed selling and administrative expenses: $3,150,000
Annual production: 450,000 windows
Selling price per window: $150.00
Distributor's commission: 2% of selling and administrative expenses
Variable overhead per unit:
Variable overhead per unit = Fixed overhead / Annual production
Variable overhead per unit = $5,400,000 / 450,000
Variable overhead per unit = $12.00
Variable selling and administrative costs per unit:
Total fixed selling and administrative expenses = $3,150,000
Distributor's commission = 2% of fixed selling and administrative expenses
Distributor's commission = 0.02 * $3,150,000
Distributor's commission = $63,000
Variable selling and administrative costs per unit = (Total fixed selling and administrative expenses - Distributor's commission) / Annual production
Variable selling and administrative costs per unit = ($3,150,000 - $63,000) / 450,000
Variable selling and administrative costs per unit = $6.87
Now let's move on to the special order scenarios.
Bridgeport's order:
Order quantity: 75,000 windows
Volume discount: 35% of the normal selling price
Normal selling price per window: $150.00
Contribution from special order:
Contribution per unit = Selling price per unit - Variable selling and administrative costs per unit
Contribution per unit = $150.00 - $6.87
Contribution per unit = $143.13
Contribution from special order = Contribution per unit * Order quantity * (1 - Volume discount)
Contribution from special order = $143.13 * 75,000 * (1 - 0.35)
Monk's offer:
Order quantity: 80,000 windows

Offer price per window: $110.00

Shipping charge: $2.00 per window
Distributor's commission: None
Contribution from special order:
Contribution per unit = Offer price per unit - Variable selling and administrative costs per unit - Shipping charge per unit

Contribution per unit = $110.00 - $6.87 - $2.00

Contribution per unit = $101.13
Contribution from special order = Contribution per unit * Order quantity
Contribution lost from forgone regular sales:
Contribution lost from forgone regular sales = Contribution per unit * Order quantity * (1 - Volume discount)
Net contribution from special order = Contribution from special order - Contribution lost from forgone regular sales
To determine whether Wilson should accept Monk's offer or outsource the production of the extra windows to Metlock Panes, we would need to compare the net contribution from the special order and outsourcing to the costs involved. Unfortunately, the cost information for outsourcing is not provided in the given data, so we cannot calculate the total contribution from outsourcing or make a recommendation based on the available information.

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Related Questions

Experiential marketing typically involves: A) providing samples to individuals through social media, B) a combination of guerrilla and buzz marketing tactics. C) generating buzz about a unique marketing event. D) direct response marketing through interactive means, such as special events and free samples.

Answers

In order to create buzz about a special marketing event, experiential marketing often combines guerilla and buzz marketing strategies (Options B and C).

By constructing immersive and engaging experiences that connect with customers on a personal level, it goes beyond conventional advertising techniques. The goal of experiential marketing is to create strong emotional bonds with the brand. Live events, pop-up shops, branded installations, product displays, and interactive campaigns can all be a part of it. While Option A's distribution of samples via social media and Option D's interactive direct response marketing can both be a part of an experiential marketing plan, they do not cover the entire spectrum of strategies normally used in experiential marketing.

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4. Which statement best describes the relationship between the war during 1941 and 1944? A. In both years, the Germans are winning the war, making 1944 an urgent moment to surprise them. B. In 1941 the Germans were winning but in 1944 the Allies had dealt them many losses. C. In 1941 and 1944, the Allies were winning but not quite able to destroy the German army. D. In 1941, the Germans were better trained than the Allies are in 1944.

Answers

Answer:

B. In 1941 the Germans were winning but in 1944 the Allies had dealt them many losses.

Explanation:

In 1941, the German army was extremely successful and you could say that they were winning since most allied troops had suffered great losses. Germany was trying to expand and gain more territory. By 1944, the American army and the remains of the allied forces had almost defeated the German army and were already fighting in continental Europe.

Payroll deductions are the same for all employees.

Answers

Answer:

no it depends the age and how good u are at your job.

Explanation:

A FEATURE FILM PROMOTING ENTREPRENEURSHIP SOLD ALMOST HALF OF THE TOTAL TICKETS. TICKETS WERE PRICED AT PHP 75 FOR STUDENTS. IF THE AMOUNT COLLECTED FROM THE TICKETS WAS PHP 11,250,HOW MANY TICKETS OF STUDENTS WERE SOLD?​

Answers

Answer:

150 tickets

Explanation:

Writing out needed parameters :

Price per student ticket (price of one student ticket) = PHP 75

The total revenue made from ticket sales ; (Total amount earned from the sale of student tickets) = PHP 11,250

The number of student tickets sold will be:

Total amout earned from sale / cost per ticket

PHP 11250 / PHP 75

= 150 tickets

Garnishment of wage means that a:

A. Creditor is earning interest on your wages
B. Creditor is going to foreclose on your property
C. Lender is going to take you to court to collect on a debt
D. Lender is taking money from your paycheck or bank account

Answers

Garnishment of wage means that a lender is going to take you to court to collect on a debt. It alludes to a legal procedure that directs a third party to take money out of a debtor's paycheck or bank account on their behalf.

The third party or lender, also referred to as the garnishee, is frequently the debtor's employer. Employers are not allowed to terminate a worker in order to avoid processing a garnishment wage under federal law.

For debts including unpaid taxes, cash penalties, child support obligations, and unpaid student loans, garnishments are used. In order to garnish a debtor's wages, a lender normally needs to acquire a court judgement establishing that the debtor owes money and has missed payments.

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Answer:

Lender is taking money from your paycheck or bank account

Explanation:

What is the difference between paperback and mass market paperback?.

Answers

Answer:

Mass market paperbacks are cheaper and smaller than trade paperbacks.

Explanation:

The focus on traditional financial statements is -Select- data rather than cash flow. However, cash flow is important to investors, managers, and stock analysts. Therefore, corporate decision makers and security analysts need to modify accounting data provided to them. An important modification is the concept of free cash flow (FCF). Many analysts regard FCF as being the single and most important number that can be developed from the accounting statements, even more important than net income. The equation for free cash flow is:

Answers

Answer:

The focus on traditional financial statements is ACCOUNTING data rather than cash flow.

Free cash flows = (EBIT x (1 - tax rate)] + non-cash expenses (depreciation and amortization) - capital expenditures - increases in net working capital

Explanation:

Cash is KING. A company might b extremely profitable from an accounting point of view, but if it doesn't have enough cash to keep running, it will go bankrupt. E.g. many companies increase their sales revenue by handing out long credit terms to most or all of its customers including some that may not be able to pay them back. That increases accounts receivables and net income, but until the cash is collected, this is useless. The other option that a company has is to factor their accounts receivables but factoring companies are not dumb and they will pay a very low amount for them.

Companies and stocks are always valued based on cash flows, never on accounting records. Accounting records might be deceiving, but cash never lies. Either the company has or doesn't have cash. A company's cash flow tells investors how well managed a company is.

E.g. Remember that during the Great Recession both GM and Chrysler went bankrupt and the government had to bail them out. If you looked at their accounting records of the previous year, they were both profitable, so why did they burst in just a few months? They didn't have cash. Cars and SUVs are useless unless you sell them and collect the cash. Ford didn't go bankrupt because it had billions of dollars in cash, not because they were doing great. Ford was actually the company that performed worst form an accounting point of view. But out of the 3 car companies, it was the only one properly managed. Accounting records are great for the IRS but are meaningless to an investor.

Forever Quilting is a small company that makes quilting kits priced at $120. The costs of the materials that go into each kit are $45. It costs $5 in labor to assemble a kit. The company has monthly expenses of $1,000 for rent and insurance, $200 for heat and electricity, $500 for advertising, and $4,500 for the monthly salary of its owner. Forever Quilting's unit contribution margin for its kits is

Answers

Forever Quilting's unit contribution margin for its kits is $70.

To calculate the unit contribution margin for Forever Quilting's quilting kits, we need to subtract the variable costs from the price of the kit. The variable costs include the cost of materials and labor, which total $50 ($45 for materials + $5 for labor).

So, the unit contribution margin for each quilting kit is $70 ($120 price - $50 variable costs).

However, we also need to consider the fixed costs that the company incurs each month. These include rent and insurance ($1,000), heat and electricity ($200), advertising ($500), and the owner's salary ($4,500). Together, these fixed costs total $6,200 per month.

To determine the break-even point for Forever Quilting, we can divide the total monthly fixed costs by the unit contribution margin.

$6,200 / $70 = 88.57 quilting kits

So, the company would need to sell approximately 89 quilting kits per month to break even.

In summary, the unit contribution margin for Forever Quilting's quilting kits is $70. However, considering the fixed costs, the company would need to sell around 89 kits per month to break even. This is a detailed answer to your question.
I understand that you would like a detailed and step-by-step explanation for calculating the unit contribution margin for Forever Quilting's kits. Here's the breakdown:

Step 1: Identify the price per unit.
The price of each quilting kit is $120.

Step 2: Calculate the variable cost per unit.
The material cost per kit is $45, and the labor cost is $5. So, the total variable cost per unit is $45 + $5 = $50.

Step 3: Calculate the unit contribution margin.
The unit contribution margin is the price per unit minus the variable cost per unit. In this case, it is $120 - $50 = $70.

Therefore, Forever Quilting's unit contribution margin for its kits is $70.

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Now that Amazon does collect sales tax in most states, what other loopholes has Amazon found to evade other taxes?
(In depth response)

Answers

Another area in which Amazon has found another tax loophole in order to evade taxes is:

They make use of foreign based companies to receive payments from customers in another country.

What is a Tax Loophole?

This refers to the legal clauses which the rich people and corporations exploit in order to evade paying tax or paying as much as other people.

One tax loophole which is being used by Amazon to evade tax is the use of foreign based companies to receive payments from customers in another country and bypass HMRC.

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Devon is very good with people. she works for a pharmaceutical company and often visits doctors to see if they will sell her product to their patients. in which career pathway is devon most likely involved? marketing communications professional sales and marketing distribution and logistics e-marketing

Answers

Marketing Communications is the utilization of many marketing channels and techniques in tandem.

What are the four kinds of marketing communication?

Advertising, public relations, sales promotions, and online media are the four methods of marketing communication.

Advertising, being the most potent commercial communication tool, provides a broad audience reach and a high frequency of information transmission.

Public relations is the second sort of marketing communication. In a more subtle way, public relations will aid in the creation of brand awareness among customers. This is what distinguishes public relations from advertising.

Discounts on sales promotions are the most popular sort of sales promotion. When you realize this, you may begin to consider how you may make the most of the circumstance.

Media on the Internet Many businesses use online media as a marketing communication tool. This might be accomplished by purchasing appealing advertisements and placing them in promising places such as online newspapers and magazines.

Thus Option A is the career pathway Devon is involved in.

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Answer:

Marketing Communication

Explanation:

Edge 2022

What are the steps (in sequence) involved in the consumer decision making process? Briefly explain how the retailer can develop strategies during each step so that the customer favors the retailer

Answers

Answer:

Problem recognition: Recognizes the need for a service or product

Information search: Gathers information

Alternatives evaluation: Weighs choices against comparable alternatives

Purchase decision: Makes actual purchase

Post-purchase evaluation: Reflects on the purchase they made

Explanation:

there are 5 steps in the consumer decision making process.

Based on the information provided in the case scenario for Ron and Sandy Peterson, how much, if any, is allowable as a child tax credit for 2022? A) $0 B) $2,000 C) $500 D) $4,000

Answers

Based on the information provided in the case scenario for Ron and Sandy Peterson, the allowable child tax credit for 2022 is $4,000.

The child tax credit is a tax benefit provided to eligible taxpayers who have qualifying dependent children. In the case of Ron and Sandy Peterson, the scenario does not mention any disqualifying factors or limitations that would affect their eligibility for the child tax credit. Therefore, if they meet the necessary criteria, they would be eligible for the full allowable child tax credit amount, which is $4,000 for 2022.

It is important to note that the child tax credit amount can be subject to certain income limitations and phase-outs based on the taxpayer's filing status and modified adjusted gross income. However, since no income or eligibility information is provided in the scenario, it can be assumed that Ron and Sandy Peterson are eligible for the full allowable child tax credit amount of $4,000.

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A process failure that results in the process's inability to meet advertised performance standards violates which of the five definitions of quality?

Answers

A process failure that results in the process's inability to meet advertised performance standards violates conformance to specifications of the five definitions of quality.

What are the definitions of quality?

The definitions of quality can be explained as the standard of something when it is been measured against other things.

five definitions of quality are:

Fit for Purpose.Conformance to Requirements. Proportional to Cost. Quality is Price. Quality is a Standard.

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income when there is zero beginning inventory and all inventory units produced are sold. multiple choice will be higher under variable costing than absorption costing will be the same under both variable and absorption costing will be higher than gross profit under variable costing will be lower under variable costing than absorption costing will be lower than administrative costs under absorption costing

Answers

The correct answer is "will be the same under both variable and absorption costing".

When there is zero beginning inventory and all inventory units produced are sold, the cost of goods sold (COGS) will be the same under both variable and absorption costing methods. This is because there are no beginning inventory costs to account for, so all costs incurred during the current period (whether fixed or variable) will be included in the cost of goods sold calculation. Under variable costing, only variable manufacturing costs are included in the cost of goods sold calculation. This means that fixed manufacturing costs are treated as a period expense and are not included in the calculation of the cost of goods sold. Under absorption costing, all manufacturing costs (both fixed and variable) are included in the cost of goods sold calculation. This means that fixed manufacturing costs are absorbed into the cost of goods sold, which can cause fluctuations in net income due to changes in inventory levels. However, in this scenario where there is zero beginning inventory and all inventory units produced are sold, the cost of goods sold will be the same under both methods because there are no beginning inventory costs to absorb. Therefore, the income will be the same under both variable and absorption costing.

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Which of the following statements about savings accounts is FALSE? Savings accounts limit the number of withdrawals that can be made each month. Savings accounts don't usually require a minimum balance. ↓hry Savings accounts pay interest on the money you deposit. Savings accounts are best used to store money for longer-term goals.​

Answers

The given statement  is FALSE regarding savings accounts (because Savings accounts are best used to store money for longer-term goals). A savings account is a type of bank account that allows you to deposit money, keep it safe, and earn interest on it.

Savings accounts offer a low-risk way to save money and can be useful for a variety of reasons.However, the savings accounts aren't the best option for storing money for longer-term goals such as buying a house or funding a college education.

Inflation can eat away at the value of your savings over time, and the interest rate on savings accounts may not keep up with inflation. Therefore, it is better to invest money in assets such as stocks or real estate, which offer the potential for higher returns.

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the sales manager at a company wants to keep informed, so he collects, analyzes, and stores data from the macro environment on a continuous basis. this illustrates the concept of .

Answers

The answer to your question is that the sales manager's approach illustrates the concept of environmental scanning. Environmental scanning is the process of collecting and analyzing information about the external environment in order to identify opportunities and threats that may affect an organization's performance.

Environmental scanning involves monitoring and analyzing various aspects of the macro environment, including political, economic, social, technological, environmental, and legal factors (PESTEL analysis). By doing so, organizations can gain insights into changes and trends in their industry, identify potential competitors, anticipate shifts in consumer preferences, and make informed decisions about how to adapt to the changing business environment.

The sales manager's continuous data collection, analysis, and storage is an important aspect of effective environmental scanning, as it allows the organization to stay informed and agile in response to changes in the external environment. By staying up-to-date on industry trends and developments, the sales manager can help the company remain competitive and achieve its goals.

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Allowing third-party sellers to list their products on Amazon is controversial. Why would Amazon allow products sold by others to appear on its site?
a. Selection attracts consumers.
b. A network effect competitive advantage is created where more buyers attract more sellers, giving Amazon an advantage over any rival attempting to create a similar marketplace.
c. Although products are sold by third parties, Amazon gains valuable data on things such as customer browsing habits and sales.
d. Amazon's brand is reinforced as a first-choice shopping destination.
e. All of the above.

Answers

Answer:

e. All of the above.

Explanation:

Interestingly, all the above-listed options could serve as a possible reason why Amazon allows products sold by others to appear on its site.

Remember, Amazon is a marketplace; since the definition of a market involves dealings with several entities, it thus logical to expect Amazon to allow people (other sellers) to transact on its platform.

List any THREEshopping skill that you will follow.

Answers

1. Comparing prices
2. Negotiating major purchases
3. Evaluating competing products
4. Separating quality from quantity when clothes shopping
5. Determining want versus need
6. Learning how to just say NO
7. Identifying the right times to buy things
8. Seeing the value in used goods
9. Avoiding shopping hungry OR emotional
10. Knowing your shopping triggers and staying away from them


There are 10 shopping skills that we can follow , you can choose any 3 from these and answer your question.

A college student could take an elective course that inspires him or her to
study a secondary field, which is caled:
A. a minor.
B. a specification.
C. a specialization.
D. an elective requirement.

Answers

Answer:

it should be A a minor

Explanation:

The primary field of education is called a Major while a secondary one is a minor.

Answer:

A. a minor

Explanation:

somebody who's just a teen


Type the correct answer in the box. Spell all words correctly.
Ideally, what should more than one member of the family contribute to for a better financial position?
A family can have more than one person contributing to the household _______
for a better financial position.

Answers

A family can have more than one person contributing to the household income for a better financial position.

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What does data mining allow you to do? (Select three answers.)

Make predictions about what people are likely to buy
Gather information about a target market
Decide what marketing message to use
Decide how to reach the target market
Shop online
Create a Web site for selling products
Get more visitors to your company's Web site
Collect primary data
Collect secondary data

Answers

Data mining allows you to do -

Gather information about a target marketDecide what marketing message to useDecide how to reach the target marketWhat is Data mining?

Data mining is the process of extracting and discovering patterns in large data sets involving methods at the intersection of machine learning, statistics, and database systems.

What is a target market?

A particular group of consumers at which a product or service is aimed.

What is marketing?

The action or business of promoting and selling products or services, including market research and advertising.

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Answer:

What does data mining allow you to do? (Select three answers.

Make predictions about what people are likely to buy

decide what marketing message to use

Decide how to reach the target market

Explanation:

1._____________is the difference between earned income and costs. 2. An organization that produces or distributes a good or service for profit is called a __________

Answers

Answer:

1. Profit

2. Business

Explanation:

      Profit may be defined as the income which is distributed to the owner in the production process of a profitable market. In other words it is the extra revenue generated by the company that is in excess of the money spend as expenses. It is the difference between the earned income and the costs.

        Business is a regular work or occupation or trade of a person. It refers to an organized efforts as well as the activities of any individual to produce the goods and services and sell them for a profit.

Name two books of prime entry that are also books of double entry? ​

Answers

A book or record in which certain types of transaction are recorded before becoming part of the double-entry book-keeping system. The most common books of prime entry are the day book, the cash book, and the journal

Answer:

Cash payment journal

Petty cash payment journal

Explanation:

Which of the following might experience a factor of failure related to expansion?
A. A hair salon that hires new employees immediately after it opens
B. A restaurant that doesn't have a website
C. A shoe store located near another popular shoe store
D. A grocery store with employees who miss company meetings

Answers

Answer:

a

Explanation:

cggm nauseousness hfff fallen

PLS help, 25 pts and brainliest will be given !
How can reflecting on morals and ethics; help you identify your areas of strengths and weaknesses?

Answers

Explanation:

Identifying your strengths and weaknesses can be extremely valuable. Not only will it allow you to approach tasks and challenges with a better understanding of how to succeed and what pitfalls to look out for, but it also allows you to effectively communicate what you can contribute, which is essential for things like job interviews.

Distinguishing your qualities and shortcomings can be very significant. Not exclusively will it permit you to move toward assignments and difficulties with a superior comprehension of how to succeed and what traps to pay special mind to, yet it likewise permits you to viably convey what you can contribute, which is fundamental for things like new employee screenings.

How does the apparent brightness of a star change if we increase its distance from us?

Answers

Increasing the distance of a star from us will decrease its apparent brightness, due to the inverse-square law.

This law states that the intensity of light is inversely proportional to the square of the distance from its source.

Intensity and the distance of light

If you double the distance from the source of light, its intensity is decreased by a factor of four. This phenomenon can be observed in the night sky, as stars become dimmer the further away they are from us. Understanding this concept is essential for studying the science of space and the universe, from stars in our own Milky Way to distant galaxies and cosmological objects.

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on an income statement, the revenues are more than the expenses this result in cash flow from ------- activities a. investing b. financing c. operating d. marketing

Answers

On an income statement, if the revenues are greater than the expenses, it results in cash flow from operating activities. This is because revenues and expenses are part of operating activities, while investing activities deal with investments in long-term assets, and financing activities deal with changes in liabilities and equity.

However, it is worth noting that the income statement is just one part of the cash flow statement. While the income statement records a company's revenues and expenses over a period of time, the cash flow statement reports a company's cash inflows and outflows over the same period. The cash flow statement consists of three sections: operating activities, investing activities, and financing activities.

The cash flow from operating activities shows how much cash a company generates or uses from its core operations, while investing activities show how much cash is used or generated by buying or selling long-term assets. Financing activities show how much cash is used or generated from changes in liabilities and equity.

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The limits on creating native applications are usually ________, not technological. Question 48 options: A) in finding skilled programmers B) based on complexity C) based on requirements D) based on an executive board decision E) budgetary

Answers

The creation of native applications are usually limited by finding of skilled programmer rather than not technological matters.

What is native applications?

A native application refers to a software program that is created for the use of users on a particular platform.

The main problem faced by the platform is getting a skilled programmerto design the platform interface rather than technological limit.

Therefore, the Option A is correct.

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Imagine you got into an auto accident which was your fault and you have 15/30/5 insurance. You did $5,000 damage to the other car, and broke a computer in the other car's trunk worth
$2,000.
There were 3 people in the other car and their medical bills were $12,000
each. The father in the other car also was out of work for a month costing the family $6,000.
In total, you are sued for $49,000.
How much money will the insurance company pay toward the amount you were sued for in this accident?

Answers

Answer:

The insurance company will pay up to a maximum of $25,000 for this accident. This is determined by the limits of the insurance policy, which is 15/30/5. This means that the insurance company will pay up to $15,000 for bodily injury per person ($15,000 x 3 people = $45,000) and up to $30,000 for bodily injury per accident ($30,000). They will also pay up to $5,000 for property damage ($5,000). Therefore, the total amount the insurance company will pay is $15,000 + $30,000 + $5,000 = $50,000. Since the total amount sued for is $49,000, the insurance company will pay the full amount of $49,000.

Explanation:

The insurance provider will cover this accident for a maximum of $25,000. The insurance policy's 15/30/5 limits serve as the basis for this decision. This indicates that the insurance provider will cover bodily injury claims up to the amount of $15,000 per person

What is the insurance?

Insurance is a tool for risk management. You purchase protection against unforeseen financial losses when you purchase insurance. If something unpleasant happens to you, the insurance company pays you or someone else of your choosing. If an accident occurs and you don't have insurance, you can be liable for all associated expenses.

($15,000 x 3 people = $45,000) and $30,000 per accident ($30,000). Additionally, they will cover property damage up to $5,000 ($5,000). As a result, the insurance provider will cover a total of $50,000 ($15,000 + $30,000 + $5,000). The insurance provider will cover the full $49,000 since the total amount claimed in the lawsuit is $49,000.

Therefore, The insurance company will pay up to $25,000 toward this accident's expenses.

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john had a lot of medical bills over the course of a year. his total bill was 5600. his insurance company would not post any of his bill until he paid 500. this is called a

Answers

Until he paid 500, his insurer would not publish any of his bill. It is known as a deductible.

The term "deductible" means what exactly?

The deductible in an insurance contract is the sum that must be paid out of cash by the policyholder before the insurance company will cover any costs.

In common parlance, the term "deductible" may be used to refer to any one of a number of clause types that insurance firms employ to establish a payment threshold for policies.

The deductible is the sum that a policyholder must pay out of pocket before the insurance provider begins to make payments. In other terms, the insurance provider is only required to pay a claim when the amount is greater than the deductible.

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