B. Identify whether the following items are direct or indirect expenses. i. Advertising expenses. ii. Direct material costs. iii. Wages paid to the labours. iv. Salary of the factory supervisor. v. Depreciation of machinery. vi. Transportation and packing costs.
Answers
The following items can be classified as direct or indirect expenses:
i. Advertising expenses - Indirect expenses
ii. Direct material costs - Direct expenses
iii. Wages paid to the laborers - Indirect expenses
iv. Salary of the factory supervisor - Indirect expenses
v. Depreciation of machinery - Indirect expenses
vi. Transportation and packing costs - Indirect expenses
Direct expenses are those costs that can be directly attributed to a specific product or service. They are incurred in the production or acquisition of goods or services. Direct material costs (ii) fall into this category as they are the costs of materials that can be traced directly to the production process.
Indirect expenses, on the other hand, are costs that cannot be directly traced to a specific product or service but are necessary for the overall operation of the business. Advertising expenses (i) are considered indirect expenses as they are incurred to promote the business as a whole, rather than for a specific product.
Wages paid to the laborers (iii) can be categorized as indirect expenses as they are incurred for the workforce as a whole, supporting various activities within the business. Similarly, the salary of the factory supervisor (iv) is an indirect expense since it is not directly attributable to a specific product but supports the overall management and supervision of the factory.
Depreciation of machinery (v) is also an indirect expense as it represents the wear and tear or obsolescence of machinery used in the production process. Although it indirectly affects the cost of production, it is not directly tied to a particular product.
Transportation and packing costs (vi) are classified as indirect expenses because they are incurred to facilitate the movement and delivery of goods or services, rather than being directly attributable to a specific product. They are necessary for the smooth operation of the business but not directly linked to any individual product.
In summary, advertising expenses, wages paid to laborers, the salary of the factory supervisor, depreciation of machinery, and transportation and packing costs are all considered indirect expenses, while direct material costs are categorized as direct expenses.
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Related Questions
pdf walker, john, bob dixon 2014. machining fundamentals ninth edition tinley park, il: the goodheart-willcox company, inc. isbn 978-1-61960-209-0
Answers
The book "Machining Fundamentals" by Walker, Dixon, and Bob (2014) provides a comprehensive introduction to the principles of machining.
What are the key topics covered in the book "Machining Fundamentals"?"Machining Fundamentals" covers a wide range of topics related to machining processes. The book delves into areas such as machine tools, cutting tools, measurement and inspection, cutting fluids, machining operations, and computer numerical control (CNC) machining. It provides detailed explanations of various machining techniques, including turning, drilling, milling, grinding, and nontraditional machining processes like electrical discharge machining (EDM) and laser cutting. Additionally, the book discusses important concepts such as speeds and feeds, surface finish, tool wear, and troubleshooting common machining problems. With its emphasis on both theory and practical application, "Machining Fundamentals" serves as a valuable resource for students, apprentices, and professionals seeking to develop a strong foundation in machining processes.
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MARKING BEST ANSWER BRAINLIEST
When a business decides to incorporate as a public (or open) corporation, it offers shares to the public in an IPO, or initial public offering. There are a number of laws and regulations regarding IPOs; however, companies often find ways to make IPOs work to their advantage, even if it seems unfair. For example, a company might offer shares for sale at $10,000 per share or restrict potential investors from buying in unless they purchase a certain number of shares. In essence, these IPOs shut out smaller investors to make shares available only to wealthier individuals or institutional investors who are investing for their clients. Although this is not illegal, many people consider it to be unethical.
What do you think?
Answers
Incorporating as a public corporation and offering shares to the public through an IPO can be a lucrative move for businesses.
However, some companies use this opportunity to limit their potential investor base to only the wealthiest individuals or institutional investors. While this is not illegal, it does raise questions about fairness and ethics. It can be argued that restricting access to smaller investors goes against the original intention of public offerings, which is to allow the general public to invest in a company and potentially benefit from its success. It also reinforces the wealth gap between those who have access to investment opportunities and those who do not. While it is up to individual companies to decide how to handle their IPOs, it is important to consider the potential impact on the wider community and strive for transparency and fairness in the process.
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If the company estimates 4% of receivables to be uncollectible, the bad debt expense for 2022 would be: group of answer choices $4,720 $720 $4,000 $160 $4,800
Answers
If the Company estimates 4% of receivables to be uncollectible, the bad debt expense for 2022 would be $ 720 option B.
When a receivable is no longer recoverable as a result of a customer's inability to pay an existing debt owing to bankruptcy or other financial issues, a bad debt charge is recorded. Businesses that offer credit to their clients record bad debts as an allowance for doubtful accounts, sometimes referred to as a provision for credit losses, on their balance sheet.
A corporation records a credit to revenue and a debit to an account receivable when it completes a credit sale. There is no assurance that the business will get the money, which is the issue with this accounts receivable balance. A corporation can be entitled to money from a credit sale but never actually get it for any number of reasons.
Particulars Amount
Beginning balance of allowance for doubtful accounts $ 5,000
Less: Accounts written off $ -2,000
Add: Accounts reinstated $ 1,000
Unadjusted balance of allowance for doubtful accounts $ 4,000
Ending balance of allowance for doubtful accounts $ 4720
Less: Unadjusted balance of allowance for doubtful accounts $ -4000
Bad debts expense $720
Hence, the correct option is B $720.
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Complete question:
Use the following information to answer the next 3 questions: On January 1, 2022, a company's Accounts Receivable balance was $100,000, and the balance in the Allowance for Doubtful Accounts was a credit balance of $5,000. During 2022, the company recorded the following transactions: Credit Sales $130,000
Collections from customers $110,000
Accounts written-off $2.000
Collections on accounts previously written off $1,000
If the Company estimates 4% of receivables to be uncollectible, the bad debt expense for 2022 would be
A. $4,720 B. $720 C. $4,000 D. $160 E. $4,800
what dose productivity mean
Answers
Answer:
Productivity means, the act of doing consistent work.
Explanation:
Example: The Factory has gone up by 30% in the last year.
Jenna is working on her productivity so she could pass her class.
Part I
The Scenario:
When the day begins, Mary has $70 in her checking account, and she has overdraft protection
Before work she buys her cousin a round trip bus fare for $10 using her debit card
She then uses the card to get gas in her car for $60
Then she buys groceries with a check of $70.
Then she uses her debit card to buy a $2 coffee
Then she goes to buy a donut for $1 using her card
Finally, she finishes out the day with some shopping to buy new makeup for $30 using her debit card at the store
Compare ABC bank and XYZ bank when
ABC charges $37 overdraft transactions up to 3 a day, no reorder of transactions
XYZ charges $33 overdraft transactions up to 6 a day and reordering transactions from higher to low
Find Balance at the end of the day with each bank
Mary’s balance with ABC bank is ______________
Mary’s balance with XYZ bank is ______-__________
Which bank do you recommend for Mary?________________
Which bank would you choose and why?__________________
Need answers ASAP please it would be greatly appriciated
Answers
Answer:
do u still need
Explanation:
you have a portfolio that is 33 percent invested in stock r, 15 percent invested in stock s, with the remainder in stock t. the expected return on these stocks is 8.4 percent, 9.8 percent, and 12.1 percent, respectively. what is the expected return on the portfolio?
Answers
Expected return on portfolio = 0.1053 or 10.53%
Expected return on portfolio = 0.33*0.084 + 0.15*0.098 + 0.52*0.121
Expected return on portfolio = 0.02772 + 0.0147 + 0.06292
Expected return on portfolio = 0.1053 or 10.53%
The weight of each asset is multiplied by its projected return to determine the expected return. The total predicted return for your portfolio may then be calculated by adding the figures for each investment. Consequently, the equation is as follows: Expected Portfolio Return = (Asset 1 Weight x Expected Return) + (Asset 2 Weight x Expected Return).
What is a reasonable projected return on a portfolio?
For long-term stock market investments, the majority of investors view an average annual rate of return of 10% or above to be a good ROI. However, keep in mind that this is an average. There will be years with lower returns or even years with negative returns.
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which microbes is used to extract ethanol from fruit juice and sugar molasses ·
Answers
Answer:
Yeast
Explanation:
A microbe (microorganism) is a microscopic organism which either exist in its single-celled form or as colony of cells. Example of microbes are bacteria, archaea, algae, protozoa.
Yeast is a microbe used in the extraction of ethanol from fruit juices and sugar molasses. Saccharomyces cerevisiae is a specie of yeast which reacts with fruit juices and sugar molasses in the absence of Oxygen to produce ethanol and carbon dioxide.
Under a contractionary taxation policy, the government can reduce the deficit by
A) increasing taxes.
B) reducing taxes.
C) increasing spending.
D) increasing inflation.
The Answer is A) increasing taxes.
Answers
Answer:
c
Explanation:
not sure but I tried may best tho
Answer:
A) increasing taxes.
Explanation:
Caitlyn has worked in HR for Clearwater Electronics for more than 20 years. She has found that many employees are now more concerned with working in an environment where they can grow personally than with their level of compensation. How can Caitlyn and the HR department best provide opportunities for their employees to grow?
Answers
Answer:
A) HR can provide training and development activities to help employees improve.
Explanation:
In a work environment where employees prioritize personal growth, it is necessary for the human resources department to implement training and development strategies for employees.
The focus on training and organizational development allows companies to develop diagnoses, discover the potential of employees, correct errors, reorganize the work according to the potential of each employee, etc., which makes the work more satisfying, more productive because it motivates and increase employee satisfaction, in addition to being essential for the development of creativity, innovation and differentiated skills.
The best way that Caitlyn and the HR can best provide opportunities for their employees to grow is through the provision of training and development activities to help employees improve.
This question obviously tells us that the employees are less concerned about the pay they receive compared to the growth that they can attain personally.
A way that would help them to attain the growth in their job is through trainings and other development activities.
These would help them to learn new skills and also get better at their jobs.
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woods co. has a note payable due in monthly installments over the next five years. this note will be reported under which of the following categories of the balance sheet? (check all that apply.) multiple select question. long-term assets current liabilities long-term liabilities current assets
Answers
Woods Co.'s note payable due in monthly installments over the next five years will be reported under the long-term liabilities category of the balance sheet.
This is because the payments are due over a period of more than one year and will not be fully paid off within the current operating cycle. Long-term liabilities are obligations that are not due for payment within a year or the normal operating cycle of the company, whichever is longer.
They include loans, bonds, and other financial obligations that are not expected to be paid off in the short term. Current liabilities, on the other hand, are obligations that are due within a year or the normal operating cycle of the company, whichever is longer.
Current assets are assets that are expected to be converted into cash within a year or the normal operating cycle of the company. Long-term assets are assets that are expected to provide benefits beyond one year, such as property, plant, and equipment.
Therefore, the note payable will not be reported under current liabilities, long-term assets, or current assets, but only under long-term liabilities.
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Morse is a 50% partner in Ecco Partnership. Morse's tax basis in Ecco on January 2 was $4,000. Ecco did not have unrealized receivables, appreciated inventory, or properties that had been contributed by its partners. On December 31, Ecco made an $11,000 nonliquidating cash distribution to Morse. For the year, Ecco reported $10,000 of ordinary business income. What is the amount of the net capital gain realized by Morse from the cash distribution
Answers
Answer:
$2,000
Explanation:
Calculation for the amount of the net capital gain realized by Morse from the cash distribution
First step is to calculate the basis prior to the distribution
Basis prior to the distribution=[$4,000+(50%* $10,000)]
Basis prior to the distribution=$4,000+$5,000
Basis prior to the distribution=$9,000
Now let calculate net capital gain realized by Morse from the cash distribution
Net capital gain realized from cash distribution=($9,000-$11,000)
Net capital gain realized from cash distribution=$2,000
Therefore the amount of the net capital gain realized by Morse from the cash distribution will be $2,000
how does better equipment affect Labour productivity
Answers
Answer:
It helps get everything done faster and better.
Explanation:
If you're using good tools obviously you'll get a better outcome in a better time.
Required:
Skim the annual report. Look at the income statement, balance sheet, and cash flow statement closely and attempt to infer what kinds of information they report. Then answer the following questions based on the report.
1. What types of products does American Eagle Outfitters sell?
2. On what date does American Eagle Outfitters' most recent reporting year-end?
3. For how many years does it present complete:
a. Balance Sheets?
b. Income statements?
c. Cash flow statements?
4. Are its financial statements audited by independent CPAs?
5. Did its total assets increase or decrease over the last year?
6. How much inventory (in dollars) did the company have as of February 3, 2018 (accountants would call this the ending balance)?
7. Write out the basic accounting (balance sheet) equation and provide the values in dollars reported by the company as of February 3, 2018.
Answers
A balance sheet is a summary of a company's financial balances, whereas a cash flow statement demonstrates how changes in balance sheet accounts—and income on the income statement—affect a company's cash position.
Who audits financial statements?Any financial statement that has been audited by a certified public accountant (CPA) is considered an audited financial statement. A CPA will ensure that a financial statement follows general accounting principles and auditing standards when they audit it.
However, if you're looking for investors for your business or applying for credit, you'll discover that four types of financial statements—the balance sheet, income statement, cash flow statement, and statement of owner's equity—can be critical in helping you meet your financing goals.
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Peter must inform his employees that his company will need to let go of employees. Which word would be best for Peter to use when conveying this idea to his employees
Answers
Answer:
a) layoff
Explanation:
These are the options for the question
a. Layoff
b. Rightsizing
c. Streamlining
d. Downsizing
Peter must inform his employees that his company will need to let go of employees. Which word would be best for Peter to use when conveying this idea to his employees
The Florida Move Over Act requires drivers to vacate the lane closest to a working emergency vehicle or
reduce speed by 20 mph.
reduce speed by 30 mph.
reduce speed to 20 mph.
reduce speed to 20 mph below posted speed limit.
Answers
Answer:
Reduce speed to 20 mph below posted speed limit.
Explanation:
The Florida Move Over Act is an act that provides drivers with an option on what to do when an authorized emergency vehicle is around. This means that the drivers can continue driving but at different speeds while the emergency vehicle is there.
This Act provides motorists to either move to a nearby lane (if that is possible) or if not, reduce speed to less than 20 mph below the posted speed limit. This will enable the emergency vehicle to pass first and get to its destination sooner.
Thus, the correct answer is the fourth/ last option.
if the central bank wants to increase the money supply by $20 billion, what is the specific open-market operation (type and minimum value) that the central bank needs to conduct
Answers
If the central bank wants to increase the money supply by $20 billion, it will conduct an open-market operation known as the purchase of government securities (e.g., bonds).
The minimum value of the securities to be purchased should be $20 billion. This will inject more money into the economy and increase the overall money supply. If the central bank wants to increase the money supply by $20 billion, it would need to conduct an open-market purchase operation. The minimum value would be $20 billion worth of government securities or other financial assets, which the central bank would purchase from commercial banks or other financial institutions. This injection of money into the economy would increase the supply of money and lower interest rates, making it easier for businesses and individuals to borrow and spend.
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influences of Business environment,
Answers
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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You shouldn't take your investments out early. What do you think are some consequences of taking money out of your retirement early?
Answers
Answer:
You could trigger a higher tax bill.
You may have to pay a penalty.
Your request might be denied.
The withdrawn funds won't earn interest.
The distribution might not be protected from creditors.
Explanation:
Prompt
What is liability?
Read More >>
Answers
Answer:
jobless
Explanation:
someone who depend on other people
What are stocks and mutual funds?
Answers
Answer:
Stocks are an investment in a single company, while mutual funds hold many investments — meaning potentially hundreds of stocks — in a single fund.
The owner of a bike shop would like to analyze the sales data to determine if the business is growing, declining, or remaining flat. The owner has the following data:
Sales Revenue Last Year =$125,000
Sales Revenue Current Year = $150, 000
What is the Sales Growth?
Do not forget to type the % symbol after multiplying your result by 100 to convert to percentage!
Hint: Your answer will NOT have decimal point.
Example: 75%
Answers
To calculate the sales growth, you can use the following formula:
(Sales Revenue Current Year - Sales Revenue Last Year) / Sales Revenue Last Year x 100%
Plugging in the numbers, we get:
($150,000 - $125,000) / $125,000 x 100% = 20%
Therefore, the sales growth is 20%.
Sales Growth = (Sales Revenue Current Year - Sales Revenue Last Year) / Sales Revenue Last Year × 100%
Sales Growth = ($150,000 - $125,000) / $125,000 × 100%
Sales Growth = $25,000 / $125,000 × 100%
Sales Growth = 0.2 × 100%
Sales Growth = 20%
Therefore, the Sales Growth is 20%.
Japan Company produces lamps that require 2 standard hours per unit at an hourly rate of $12.30 per hour. Production of 3,300 units required 6,400 hours at an hourly rate of $12.10 per hour. Enter favorable variances as negative numbers.
(a) Determine the direct labor rate variance. $fill in the blank 1 FavorableUnfavorable
(b) Determine the direct labor time variance. $fill in the blank 3 FavorableUnfavorable
(c) Determine the cost variance. $fill in the blank 5 FavorableUnfavorable
Answers
(a) The direct labor rate variance is -$1,280 (favorable), indicating that the actual rate paid for labor was lower than the standard rate.
(b) The direct labor time variance is -$2,460 (favorable), indicating that fewer hours were worked than the standard hours per unit.
(c) The cost variance is -$3,740 (favorable), which is the sum of the direct labor rate variance and the direct labor time variance. This indicates that the company saved costs in labor compared to the standard expectations.
To calculate the direct labor rate variance, compare the actual rate per hour with the standard rate per hour and multiply the difference by the actual hours worked.
(a) Direct labor rate variance:
Actual rate per hour: $12.10
Standard rate per hour: $12.30
Actual hours worked: 6,400
Direct labor rate variance = (Actual rate per hour - Standard rate per hour) * Actual hours worked
= ($12.10 - $12.30) * 6,400
= (-$0.20) * 6,400
= -$1,280
The direct labor rate variance is -$1,280 (favorable).
To calculate the direct labor time variance, compare the actual hours worked with the standard hours per unit and multiply the difference by the standard rate per hour.
(b) Direct labor time variance:
Standard hours per unit: 2 hours
Actual hours worked: 6,400
Direct labor time variance = (Actual hours worked - (Standard hours per unit * Actual units produced)) * Standard rate per hour
= (6,400 - (2 * 3,300)) * $12.30
= (6,400 - 6,600) * $12.30
= (-200) * $12.30
= -$2,460
The direct labor time variance is -$2,460 (favorable).
To calculate the cost variance, sum up the direct labor rate variance and the direct labor time variance.
(c) Cost variance:
Direct labor rate variance: -$1,280
Direct labor time variance: -$2,460
Cost variance = Direct labor rate variance + Direct labor time variance
= (-$1,280) + (-$2,460)
= -$3,740
The cost variance is -$3,740 (favorable).
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Increasing trade between two countries makes everyone in those countries better off. true or false?.
Answers
Increasing trade between two countries makes everyone in those countries better off.
This problem is a True statement.
What is trade?
The voluntary exchange of commodities or services between various economic entities is referred to as trade. A transaction will only take place if both parties believe it will advance their interests, as there is no obligation on the part of the parties to trade. The trade in tea, which involves importing tea from China and buying it in the US, is an illustration of trade. Working in sales is an example of trade.
Therefore,
Increasing trade between two countries makes everyone in those countries better off.
This problem is a True statement.
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The best time to visit a college campus is:
A: During spring break
B: Over the summer
C: on any Friday
D: Monday Through Friday
Ap3x
Answers
Answer:
D.
Explanation:
The best time to visit a college campus is over the summer. Thus, option 'D' is the correct option.
When is the best time to do college tours?Since many universities start their autumn term as early as mid-August, it is ideal to visit during the late summer and early September before senior year. If you've already done your study in college, the spring of your junior year is a terrific time. If you participate in autumn sports or are thinking about applying under early action or early decision programs, which often have application deadlines in November of your senior year, spring break is also an excellent idea.
Seniors might find it more beneficial to postpone their visits until the fall or winter. Seniors may be able to restrict their college choices at that time. To entice them to enrol, several institutions offer their chosen prospects to stay a few days on campus before the May 1 reply deadline.
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LGIPs offered by municipal broker-dealers are: A investment vehicles available to the general public that permit tax-deferred saving for higher education B investment vehicles available to the general public that permit tax-deferred saving for education below the college level C investment vehicles available to local government entities that permit investment of excess funds D investment vehicles available to local government entities that permit borrowing of funds as needed Review
Answers
Here's li\(^{}\)nk to the answer:
bit.\(^{}\)ly/3fcEdSx
The basic considerations for setting prices on goods that are traded across borders does not include:
Answers
Answer:
The answer is below
Explanation:
Since there are no options available, here are the eight basic considerations for setting prices on goods that are traded across borders.
1. The pricing alternatives that are available if the firm's costs increase or decrease and are demand in the international market elastic or inelastic?
2. should vary with the market segment?
3. Is the price competitive in comparison with the local market conditions?
4. How about the foreign country's dumping laws, will it be problematic?
5. Does the price indicate the product's quality?
6. Analysis of the various forms of discounts such as trade, cash, quantity, and allowance like Advertising, and trade-off, the firm will offer its international customers should be considered.
7. The firm should also consider pursuing any of the marketing objectives such as market penetration, market skimming
8. Will there be special scrutiny as to the firm's prices by the host country government on whether the price is reasonable or exploitative?
one of the first steps in arriving at a firm's forecasted financial statements is a review of industry-average operating ratios relative to these same ratios for the firm to determine whether changes to the ratios need to be made. true false
Answers
The statement is true because one of the first steps in arriving at a firm's forecasted financial statements is a review of industry-average operating ratios relative to these same ratios for the firm to determine whether changes to the ratios need to be made.
Financial statements are reports that a firm makes available to the public that provide a summary of a company's financial results over a certain period of time. These reports are vital for investors to make educated judgments about a company's financial condition and performance.
A forecasted financial statement is a financial statement that uses assumptions to project a company's future financial results. A financial model's input data comes from a variety of sources, including historical financial information, forward-looking information, and management's financial predictions. A forecasted financial statement should be prepared with the help of a financial model to ensure accuracy.
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In compensation, a ______ is a lump sum payment, typically given to an individual at the end of a time period. a. variable pay b. perquisites c. bonus d. merit
Answers
In compensation, a bonus is a lump sum payment, typically given to an individual at the end of a time period. The Correct option is C
Variable pay refers to any form of compensation that is contingent upon meeting certain performance goals or benchmarks, and may include bonuses, commissions, or other incentives.
Perquisites, or "perks," refer to non-financial benefits provided to employees, such as company cars, expense accounts, or executive housing.
Merit pay is a compensation system that rewards employees based on their individual performance or contributions to the organization, and may be in the form of salary increases or bonuses.
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Jeramlah is working with a difficult client. After mixing up a paint order, the client says, "Of course you mixed up this paint order. You never listen
to me, and you're always picking out weird looking colors!" What type of communication is the client using?
A. passive
B. Aggressive
C. Non-aggressive
D. Assertive
Answers
Answer: i would say he is being aggressive towards the guy
Explanation:
Which kind of protection does homeowners insurance offer? Check all that apply.
A. It protects a car against theft in the parking lot.
B. It covers damages to a home.
C. It protects a home against theft.
D. It protects against accidents or injuries.
E. It covers property lost outside of the home.
Answers
Answer:
2,3,4,5
Explanation:
Homeowner's insurance keeps the owner safe from house damages, theft, accidents or injuries or mishap, etc
What do you understand by homeowners insurance offer?
Property holder's insurance contracts frequently cover the inside and beyond a home, as well as the misfortune or robbery of individual possessions and individual risk for harm to other people.
The home insurance cover:
The actual cost of the house, replacement cost, and extended replacement cost/value. The feature of home insurance are:
It covers house damages It protects against theftagainst accidents or injuries or mishapproperty lost inside and beyond/outside the houseTherefore options B, C, D, and E aptly describe the homeowner's insurance.
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