As an insurance agent, you are asked by Oceana Industries for a quote on the total annual premium for property insurance on a new warehouse in the amount of $975,000. The building is structural classification C and area rating 3. In addition, Oceana will require contents insurance in the amount of $2,100,000. What is the amount of your quote? (Use Table 19-4 from your text)
$22,897.50
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When a company sells a long-lived asset, stockholders' equity will change by the:
A. difference between the sales price and the asset's book value. B. amount of the sale. C. amount of the asset's book value. D. amount of the asset's Accumulated Depreciation.
The journal entry to record allocation of manufacturing overhead to a particular job includes a ________.
A) debit to the Finished Goods Inventory account and credit to the Manufacturing Overhead account B) debit to the Work-in-Process Inventory account and credit to the Cash account C) debit to the Manufacturing Overhead account and credit to the Finished Goods Inventory account D) debit to the Work-in-Process Inventory account and credit to the Manufacturing Overhead account
Ambrosia Foods produces a gourmet condiment that sells for $24 per unit. Variable cost is $6 per unit, and fixed costs are $8000 per month. If Ambrosia expects to sell 1500 units, compute the margin of safety in units. (Round any intermediate calculations and your final answer to the nearest whole unit.)
A) 444 units B) 1056 units C) 1500 units D) 19 units
Unsought products are consumer products that the consumer either does not know about or knows about but does not normally consider buying
Indicate whether the statement is true or false