Governments have typically relied on one of two primary strategies for influencing macroeconomic outcomes:either fiscal or monetary policy.
Central banks control the money supply and interest rates through monetary policy.The central bank will reduce interest rates, making borrowing less expensive and increasing the money supply, in order to boost a slowing economy.The central bank can tighten monetary policy by raising interest rates and removing money from circulation if the economy is expanding at an excessive rate.
On the other hand, fiscal policy determines how the central government spends and generates revenue from taxes.A government will increase its own spending while lowering tax rates in order to boost the economy;whereas it will raise taxes and reduce spending in order to cool down an economy that is overheating.
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A firm derives revenue from two sources: goods X and Y. Annual revenues from good X and Y are $10,000 and $20,000, respectively. If the price elasticity of demand for good X is −2.0 and the cross-price elasticity of demand between Y and X is 1.5, then a 4 percent increase in the price of X will:
Answer:
Increase the total revenue increases by $400
Explanation:
R = PxQx + PyQyce of good X
R = Revenue, Px = Price of good X, Py = Price of good Y, Qx = Quantity of goods X, Qy = Quantity of goods Y.
Now, suppose the price of goods X increases by 4$
ΔR = [PxQx(1+eQxPx) + PyQy*eQyPy] * %ΔPx
= [Rx(1+eQxPx) + Ry*eQxPx] * %ΔPx
= [ 10,000*(1 - 2.0) + 20,000 (1.5)] * 0.02
= -10000 + 30000 * 0.02
= 20,000 * 0.02
= $400
Thus, it means with increase in price of goods X by 4%, the total revenue increases by $400
The article that you read mentioned that crude oil producers shuttering production facilities. As the current crude oil glut diminishes, the price of crude should increase. Answer the following parts of this question regarding the market for gasoline.
A.) An increase in the price of crude oil would cause a shift in ______________________ (supply or demand) CHOOSE ONE
B.)The curve will shift to the ___________________ (left or right) CHOOSE ONE
C.) What is the reason for the change? Explain how it aligns with a factor of supply or demand
Based on our knowledge of supply and demand curves, we can answer the question based on the scenario provided in the prompt, concerning oil:
A) An increase in the price of crude oil would cause a shift in supply.B) The curve will shift to the left.C) The reason for the change is that an increase in the price of crude oil affects the cost of production for gasoline. As crude oil prices rise, the cost of producing gasoline increases, leading to a decrease in the supply of gasoline. This aligns with a factor of supply because it reflects a change in the production capabilities and costs of gasoline rather than a change in consumer preferences or demand for gasoline.How price and supply are connectedThe supply curve is a graphical representation of the relationship between the quantity of a good or service that producers are willing to sell and the price of that good or service. It shows the quantity supplied at different price levels, assuming all other factors remain constant.
When the supply curve shifts to the left, it means that the quantity supplied at each price level has decreased. This shift occurs when there is a decrease in the supply of a good or service, which can happen due to various factors such as an increase in production costs, a decrease in available resources, or a change in technology.
In the context mentioned above, an increase in the price of crude oil, a key input in gasoline production, leads to higher production costs for gasoline. As a result, producers supply less gasoline at each price level, causing the supply curve to shift to the left.
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The mining and export of minerals and precious stones is very important part of the Namibian economy. It was reported that despite a sharp decrease in the quantity of these exports between 1995 and 1999 the export value of the items rose in that period. a) Where the minerals and precious stones would be recorded in the Namibian balance of payments?
Answer:
The minerals and precious stones would be part of the current account, which is one of the three components of the balance of payments, the other two being the capital account and the financial account.
Explanation:
The current account includes income transfers, current transfers, the balance in the trade of services, and the balance in the trade of goods. The export value of minerals and precious stones would more specifically be in the balance of the trade of goods, simply because minerals and precious stones are classified as economic goods.
In 2010, Georgia went from 13 to 14 representatives. Find the percent of increase in the number of representatives.
Answer:
Percent change in number of representative = 7.7 % (approx.)
Explanation:
Given:
Number of old representatives = 13
Number of new representatives = 14
Find:
Percent change in number of representative
Computation:
Percent change in number of representative = [Number of new representatives-Number of old representatives]Number of old representatives
Percent change in number of representative = [14-13]/13
Percent change in number of representative = 7.6923
Percent change in number of representative = 7.7 % (approx.)
What is it called when managers look at the size of the variances between actual results and budgeted amounts in order to determine which variances should be investigated
if the invoice is incorrect, recalculate
20 dresses at $15 each 350.00
Less 10% trade discount 12.00
Add tax at 18% 41.04
Total 360.67
Terms 30 days net
Answer: $318.60
Explanation:
20 dresses at $15 each will cost:
= 20 × $15 = $300.00
Less: 10% trade discount = 10% × $300 = $30.00
Add tax at 18%: = 18% × ($300 - $30) = 18% × $270 = $48.60
Total = $270 + $48.60 = $318.60
Threadless allows customers to submit their own designs and to vote on which designs they would like to see printed on a T-shirt. This business uses
In the given case where Threadless allows customers to submit their own designs and to vote on which designs they would like to see printed on a T-shirt. This business uses a crowdsourcing technique.
Crowdsourcing is the process of gathering data, viewpoints, or creative output from a large number of individuals, typically online.
Through the use of crowdsourcing, businesses may access individuals with a variety of skills and viewpoints from around the world while also saving time and money.
Crowdfunding, in contrast to crowdsourcing, is used to raise money to help individuals, nonprofit organizations, or start-up businesses.
Cost reductions, speed, and the opportunity to collaborate with people who possess abilities that an internal team might lack are all benefits of crowdsourcing.
Hence, This business uses a crowdsourcing technique.
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what are the two ways a company can translate its low-cost advantage over rivals into attractive profit performance?
the cost constraint suggests that, even when the cost of providing accounting information exceeds its benefit, the financial accounting information should always be provided.T/F
False. The cost constraint suggests that the cost of providing accounting information should not exceed the benefit it provides.
What is accounting ?Accounting is the process of recording, classifying, summarizing, analyzing, and interpreting financial information. It is also used to measure the performance of an organization and to prepare financial statements for external users. Accounting involves tracking income and expenses, preparing financial statements, preparing tax returns, and providing advice on financial matters
If the cost of providing accounting information exceeds its benefit, then financial accounting information should not be provided.
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What gives commodity money its value? a government’s guarantee of its value the type of material with which it is made its rate of exchange in other countries the ability to trade it for a valuable good
Answer:
B. the type of material with which it is made
Explanation:
Money can be defined as any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
Also, an exchange can be defined as the process of providing goods and services by an individual or organization, to meet the needs of customers in exchange for an amount of money.
Hence, the type of material with which money is made is what gives commodity money its value because it is based on the perception of the buyer and seller of goods and services. A commodity money simply refers to money that derives its value from the commodity with which it is created from. Some examples of commodity money are gold, diamonds, silver, cowry, cocoa, copper and other valuable resources.
Answer:
B is correct
What would most likely happen if the value of the U.S. dollar fell?
A. Exports would become more expensive.
B. The United States would develop a trade surplus.
c. Imports would become more expensive.
D. The United States would develop a trade deficit.
Answer:
C
Explanation:
I just did it and got it right :))
If the value of the US dollar fell the imports would become more and more expensive Option(c) is correct.
What happens when US dollar fells?When the value of US dollar fells it decline the purchasing power internationally which eventually move or translate to the consumer level.
A weak dollar will always increase the cost for importing the oil which lead to the increase in the oil prices so if US dollar fells the value or the amount of inflation will relatively be highly expensive.
Therefore Option(c) is correct.
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Communication may account for as much as____ of a hiring decision.
a. 25%
b. 40%
c. 65%
d. 80%
It isnt d or b. So its either a or c.
The Great Eastern hotel, a privately owned, independent, five-star deluxe hotel located in Hong Kong’s commercial district, isfaced with a turbulent external environment owing to the current financial crisis. Since its inception six years ago, the hotelhas grown in prominence during the bustling economy from 2003 to 2007, and it has been one of the top performers in theupscale and luxury market segments over the four years preceding the economic crises. The hotel’s main target marketsegment is the business traveler (75 percent of room bookings) who has no problem with paying USD 350 per night for aroom. During the past six months, however, the hotel has been a victim of the severe economic upheaval, which has led to asignificant reduction in room bookings from the business travel segment. This has reduced profits significantly to the extentthat the hotel is no longer able to cover fixed costs. The owner, Jerry Kong, has called an executive committee meeting todiscuss the future direction the company should take in the immediate term and in the long term to sustain its competitiveadvantage. 1. What issues should Jerry and the executive committee address? Why? (Hint: Make assumptions where necessary,including mission and vision statements, as well as goals, strategies, and objectives. )2. Given the preceding information, what are Jerry’s options? How should they be evaluated? Make assumptions wherenecessary. 3. What should the hotel do in the short term and in the long term? Make assumptions where necessary to arrive at yourdecisions. 4. Why is it difficult to answer the preceding questions? Do we have clear answers for issues and challenges in real life?5. Do managers and executives in hospitality and tourism organizations always have sufficient and reliable information tomake decisions
Jerry and the executive committee should take care of the related matters are as follows:
finding the explanation for the sudden drop in bookings reported by the business explorer.
taking action to address the areas where they fall short.
Consider methods like presenting booking suggestions to the business traveller.
To be successful, they must focus on the preferences of their clients and conduct themselves correctly.
2. Based on the information provided, Jerry's options are as follows: They can also target tourists that seek extravagance for their own gain.
They must offer their customers a variety of options to choose from when it comes to the price of the rooms.
To bring about a difference for their guests, they can make some redesigns or adjustments.
3. Up next are some options for the hotel in the short and long term. In the short term, they can attract customers by offering them incentives to bring in new customers while keeping the existing ones.
Over time, they can provide their staff with strong training so that the visitors won't be perplexed. They can also go up with some adjustment of their interior by performing redesign or alteration.
4. The inn industry is currently facing a financial and financial emergency, and it isn't difficult to overcome this financial emergency in these challenging times while also finding ways to attract more visitors to make out a benefit, so it is difficult to respond to the above issue.
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according to the video what are some quality's petroleum engineers need? check all that apply.
Hello! Your answer is shown below,
Petroleum engineers should have natural abilities to make them successful. Personal attributes include strong mathematics and analytical skills to design equipment and solve problems in drilling.
Hope this helps!
Answer:
The answer is
A) willingness to travel
E) problem-solving skills
F) patience
Explanation:
Looking at the typical Kinked Demand Curve, why are most Oligopoly firms reluctant to increase the price of their product on their own • No Oligopoly is reluctant to increase price • They would be then exposed to an elastic demand for their product and the price increase would lead to a lower total revenue. • They would be then exposed to an elastic demand for their product and the price increase would lead to a increase total revenue. • They would be then exposed to an inelastic demand for their product and the price increase would lead to a lower total revenue.
Most Oligopoly firms are reluctant to increase the price of their product on their own because they would be exposed to an elastic demand and experience lower total revenue.
In the context of the typical Kinked Demand Curve model, most Oligopoly firms are reluctant to increase the price of their product on their own because they would then be exposed to an elastic demand for their product, which would lead to lower total revenue.
The Kinked Demand Curve model suggests that in an oligopolistic market, competitors closely monitor and react to price changes by their rivals. The demand curve for the firm's product has a kink at the existing price level, indicating that the firm faces different price elasticities of demand in the upward and downward directions from the current price point.
If an oligopoly firm unilaterally increases its price, it assumes that its rivals will not follow suit and maintain their current prices. In such a case, the firm would face an elastic demand curve above the kink, meaning that a price increase would result in a relatively large decrease in quantity demanded. As a result, the total revenue for the firm would decrease, as the decrease in quantity sold would outweigh the increase in price.
On the other hand, if the firm decreases its price, it expects its rivals to match the price reduction to avoid losing market share. In this scenario, the firm faces an inelastic demand curve below the kink, implying that a price decrease would result in a relatively small increase in quantity demanded. Therefore, the total revenue would increase, as the increase in quantity sold would outweigh the decrease in price.
Given this asymmetric response of demand to price changes, oligopoly firms are hesitant to increase prices on their own, as it would likely lead to a decrease in total revenue. The fear of losing market share and customers to rivals who maintain lower prices makes them cautious about raising prices independently.
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Which promotion method specifically aims to persuade a large group of
customers to buy more of a product?
Answer:
Sales Promotion
Explanation:
The sales promotion method specifically aims to persuade a large group of customers to buy more of a product.
What do you mean by the sales promotion?A sales promotion is a type of marketing activity intended to boost sales, foster client loyalty, or raise brand awareness.
It typically entails providing a discount or some other incentive to encourage clients to purchase your goods or interact with your business.
Consumer, trade, and sales force promotions are three different categories of sales promotion.
Consumer promotion, trade promotion, and sales force promotion are the three different ways that sales promotion can be done.
These sales marketing strategies are frequently referred to as tools or techniques.
Therefore, the sales promotion method specifically aims to persuade a large group of customers to buy more of a product.
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It is December 31, the end of the fiscal year. During December, employees earned $800,000 in salaries, but paychecks do not get issued until January 2
The adjusting entry required on December 31 is to recognize the accrued salaries expense for the month of December, even though paychecks will not be issued until January 2. This entry will increase the salaries expense and payable accounts on the balance sheet.
The adjusting entry for salaries earned but not yet paid at the end of the period is a common accrual adjusting entry. This entry aims to recognize the expenses incurred in the current period, even though the related cash payments will occur in a future period.
The journal entry to record this adjusting entry on December 31 would be:
Salaries Expense $800,000
Salaries Payable $800,000
This recognizes the expense for December and records the corresponding liability for the unpaid salaries. After this adjusting entry is recorded, the salaries payable balance on the balance sheet will reflect the amount owed to employees for the December salaries, and the salaries expense on the income statement will accurately reflect the total salaries earned by employees during the period.
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The correct question is:
It is December 31, the end of the fiscal year. During December, employees earned $800,000 in salaries, but paychecks do not get issued until January 2.
Which journal entry reflects the adjusting entry needed on December 31?
What did you learn about universal values and ethics from the categorical imperative list?
What happens when a society does not have ethical standards? Be sure to discuss the example of the situation in Brazil.
Who are the victims of corruption and graft?
Do you think following U.S. ethical standards in other countries is wise? Would it be unethical not to follow those standards? Explain your answer.
Answer:
When a society does not have ethical standards, it can lead to corruption, which can negatively impact the economy and the well-being of the people in that society. A good example of this is the situation in Brazil, where corruption has been rampant, with politicians and businesspeople engaging in bribery and other illegal activities.
The victims of corruption and graft are often the poorest and most vulnerable members of society, as they are the ones who suffer the most from the negative effects of corruption, such as reduced access to public services and increased poverty.
I think it's important to respect the ethical standards of other countries when conducting business or interacting with people from those countries. Not doing so could be seen as disrespectful and could damage relationships. However, it's also important to be aware of potential cultural differences in ethical standards and to be respectful of those differences.
Alex owns an event management company. His customer service strategy should focus on valuing customers for the growth of the company.
Answer:
The correct answer is: "D. Both external and internal".
Explanation:
The only possible answer to fill in the space is letter D because it is reasonable to think that a company should focus both on external and internal values for customers in order to make it grow for both parts. As it is an event management company, it is very important to highlight the external demands and how they come and go with clients, agencies, and subsidiaries, while the company must take care of their internal customers who are more responsible for maintaining their strategy going on properly.
Baxter is looking over his monthly budget. Specifically, he's considering the direct deposits that came through this week from his job with a biotech company and from the tenant who rents a small condo that he owns. What kind of money is Baxter reviewing?
A. income
B. inflation
C. personal risk
D. opportunity cost
Answer:
A, "Income"
Explanation:
Gradpoint
Someone has shared some information with you without proof, therefore you dismiss it as a __________. Later on that day, you hear others repeating the information, you now realize that everyone involved in sharing the unofficial information, has become a part of the _________________.
Answer: Rumors
Explanation: i had this topic last year
what is the farthest thing in space we know about?
That would be the galaxy called MACS0647-JD, Its a long name but If the distance estimate is correct, it formed about 427 million years after the Big Bang. Hope this helps!
Double-Dip makes ice cream. The only advantage Double-Dip has over its competitors is taste. Double-Dip costs more and has more calories per unit weight. Promotions for Double-Dip should emphasize the experiential hierarchy of the ABC model of attitudes.
True
False
It is true that the only advantage Double-Dip has over its competitors is its taste.
Who is a competitor?Anyone who engages in business with, owns a company, participates in a sport team, or supports an institution is a competitor. In a race, a person is your competition if they're aiming to outrun you. In business, we don't merely say a person is a rival. Likewise, there are rivals in politics, acting, music, athletics, and other fields. A close competitor is referred to as a rival in business. As a result, competitors produce identical products and are of a similar size. We refer to two businesses as archrivals when they are industry leaders. Coca-Cola and PepsiCo, two market share leaders in the beverage industry, produce nearly identical goods. Coca-Cola and Pepsi are fierce competitors.
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Which of the following is an organizational issue that is often covered in employee orientation programs?
a employee benefits
b Job duties
c disciplinary regulations
d vacaticens and haliday
e pay scales
The option that is most commonly and extensively covered in employee orientation programs is a) employee benefits. Option A
Employee benefits are an essential part of an organization's compensation package and play a significant role in attracting and retaining talented employees.
During employee orientation programs, organizations typically provide detailed information about the various employee benefits available to the new hires. This can include health insurance plans, retirement plans, paid time off, parental leave, employee assistance programs, and other perks or incentives offered by the organization.
Job duties are also commonly covered in employee orientation programs. New employees need to have a clear understanding of their roles, responsibilities, and the tasks they are expected to perform.
Orientation programs often provide an overview of the job duties, key responsibilities, and performance expectations to ensure that employees are aware of their roles and can start contributing effectively.
Disciplinary regulations may also be covered during employee orientation. This involves educating new employees about the organization's code of conduct, policies, and procedures, and the consequences of violating them. It helps establish expectations for behavior and conduct, ensuring a productive and respectful work environment.
Vacations and holidays, as well as pay scales, are typically addressed during the onboarding process as well. Employees need to be informed about the organization's vacation policy, how holidays are observed, and the process for requesting time off.
Additionally, orientation programs may provide information about pay scales, salary structures, and how compensation is determined within the organization.
Option A
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Which type of interview typically has the highest validity in predicting job performance?.
The type of interview that typically has the highest validity in predicting job performance is structured interviews.
A structured interview is a type of interview in which all participants are asked the same set of questions in the same order. The aim of the structured interview is to have a consistent and objective way of collecting information from all participants and to improve the accuracy of the evaluation.
Structured interviews have been shown to have high validity in predicting job performance since they are structured and include standardized questions, making it easier for the interviewer to compare the responses of different candidates in an unbiased and fair manner.
The questions in structured interviews are carefully constructed to focus on the candidate's skills, knowledge, and behavior, which are directly linked to the job requirements. They are also developed using a job analysis to identify the essential job functions and related competencies. This helps the interviewer to evaluate candidates more accurately, as they are assessing the same factors in all candidates.
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How do professional sports and the economy interact?
Answer:
Research shows local economic growth has been generated from the presence of a professional sports team in multiple ways: the creation of new jobs, increased consumer spending, increased sales in certain market segments, and increased tax revenue. Other beneficial impacts caused by sport franchises are increased tourism from hosting large
Explanation:
Jackets enter an apparel store at the rate of 340 jackets per week. On average, a jacket spends 12 weeks in the apparel store.
On average , how many jackets are in the apparel store? jackets
On average, there are 4080 jackets in the apparel store. If a jacket spends 12 weeks in the apparel store and the Jackets enter an apparel store at the rate of 340 jackets per week.
To find the average number of jackets in the store, we can multiply the rate at which jackets enter the store by the average time a jacket spends in the store. On average, there are 340 jackets entering the apparel store per week, and each jacket spends approximately 12 weeks in the store.
To calculate this, use the following formula: Average number of jackets in the store = (Number of jackets entering per week) × (Average weeks a jacket spends in the store). In this case: Average number of jackets in the store = (340 jackets/week) × (12 weeks) Now, multiply the numbers:
Average number of jackets in the store = 4080 jackets. So, on average, there are 4080 jackets in the apparel store.
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which of the following physical security methods provides the ability to secure a company's assets and document any individuals physical time of entry?
Card access is one of the physical security measures that may be used to protect a business's assets and keep track of who entered the building physically when.
What is ability to work?If a tasks were reasonable and the working environment is appropriate, having work capacity in the first sense refers to possessing the standard regarding, the health necessary again for skill, as well as the occupational virtues necessary for handling the tasks.
What is ability and example?the capacity, ability, or skill required to perform a task: There is no questioning her competence. (plus to infinitive) She was able to communicate things succinctly & clearly. She is a strong woman with several skills.
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Fatima works in a bakery and earns $120 per week. Fatima’s grandfather has given her $5,000. Fatima is going to use this money to start her own business. She is going to make cakes for special occasions such as birthdays, weddings, and religious
festivals.
1. Give an example for each of the four factors of production Fatima will use in her new business.
2. What is the ‘opportunity cost’ to Fatima of her decision to start her own business?
3. Is Fatima’s business meeting consumer ‘needs’ or consumer ‘wants’? Justify your answer.
1). The four factors that would be involved in Fatima's bakery business would be:
Land or the place where she would prepare and pack the cakes. Labor who would be involved in the production of the cakes. Capital that would be invested to incur the costs of the production. Entrepreneurship is the 'art of employing innovation and risk-taking in the business for making profits.'2). The opportunity cost of Fatima's decision to run her own bakery business would be her weekly earning of $120 per week as it is the cost of the most valuable forgone opportunity.
3). Fatima's business would assist the customers in meeting their 'wants' as she assists them in fulfilling their special and personalized demands for cakes for their various occasions like weddings, festivals, or birthdays and not for regular meals.
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on april 1, a company paid the $3,150 premium on a three-year insurance policy with benefits beginning on that date. what amount of insurance expense will be reported on the annual income statement for the first year ended december 31? multiple choice $1,050.00. $87.50. $3,150.00. $787.50. $2,362.50.
Answer:
For the first year ended December 31, the insurance expense would be $1,050.00
Explanation:
An insurance policy is a contract between an individual or an entity and an insurer or insurance company in which the insurer promises to pay the insured or policyholder a specified amount of money in the event of an accident, injury, illness, or other covered losses or damages. The policyholder, on the other hand, agrees to pay the insurer a premium, which is the cost of the policy. The benefit is the payout that the policyholder will receive from the insurer if they suffer a covered loss or damage. The insurance expense is the cost of an insurance policy that a policyholder pays in exchange for the benefits that the policy provides. When a company purchases an insurance policy, the cost of the policy is considered an insurance expense. Insurance expense is charged to the income statement over the period for which the policy provides benefits. It is reported as an expense in the period in which it is incurred rather than in the period in which it is paid.
On April 1, the company paid a $3,150 premium on a three-year insurance policy with benefits beginning on that date. For the first year ended December 31, the insurance expense would be $1,050.00. This is because the annual insurance expense would be $3,150.00 (the total cost of the policy) divided by three years (the term of the policy), resulting in $1,050.00 in insurance expenses for each year of the policy. Therefore, the correct option is $1,050.00.
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For the first year ended December 31, the insurance expense would be $1,050.00. This is because the annual insurance expense would be $3,150.00
What is an Insurance policy?An insurance policy is a contract between an individual or an entity and an insurer or insurance company in which the insurer promises to pay the insured or policyholder a specified amount of money in the event of an accident, injury, illness, or other covered losses or damages. The policyholder, on the other hand, agrees to pay the insurer a premium, which is the cost of the policy.
On April 1, the company paid a $3,150 premium on a three-year insurance policy with benefits beginning on that date. For the first year ended December 31, the insurance expense would be $1,050.00. This is because the annual insurance expense would be $3,150.00 (the total cost of the policy) divided by three years (the term of the policy), resulting in $1,050.00 in insurance expenses for each year of the policy. Therefore, the correct option is $1,050.00.
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