The best definition of the opportunity cost of a decision is: Benefits from the best foregone alternative.
What is opportunity cost?This refers to economic term for expressing cost, in terms of foregone alternative. it is the cost of something that has to be given up to enjoy something better. This can be for example the benefits of second best alternative.
In other words, it is that limited resources, the purchaser of goods has to choose between mutually exclusive alternatives. Therefore, one item does not get procured due to the choice and limited resources. Something needs to be given up in order to procure something else.
Opportunity cost is the loss or the benefit that could have been enjoyed if the alternative choice was chosen.
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Naomi, the product line manager for a small family business believes that it is time for the company to begin exporting its product to foreign markets. Her father, the owner, is skeptical. To convince her father, Naomi points out that：
exporting is easier because international markets are less complex than domestic markets.
firms that do not export are at a greater risk for economies of scale.
exporting will allow the company to avoid taxation requirements in the domestic market.
firms that do not export often lose out on significant opportunities for cost reduction
To persuade her father, Naomi argues that companies who don't export frequently miss out on big chances to cut costs since export production encourages economies of scale and makes lower production costs possible.
The correct answer is option D.
Your company will need to raise output in order to increase sales abroad. Increasing output may lead to lower costs per unit of product, depending on how effectively your company operates. This enables your business to take advantage of economies of scale, lowering overall expenses and raising net income. Compared to non-exporting enterprises, sales often increase more quickly, more jobs are created, and employees earn more money. having an advantage in the market. America is well known around the world for its cutting-edge goods and services, first-rate customer service, and moral business methods.
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In order to avoid double counting, statisticians just count the final goods and services final inventories Intermediate goods and services durable goods and nondurable poods
In order to avoid double counting, statisticians just count the a. final goods and services.
What is double counting in Economics?Double counting is an error that occurs when a total is obtained by summing the value of a nation's goods more than once. For example, when adding the value of output to the GDP more than once. To avoid this, in calculating GDP, only the final production of goods and services should be counted, not the production of intermediate goods.
A simple definition of double counting is an error in accounting when something is counted more than once.
Your question is incomplete, but most probably your full question was:
In order to avoid double counting, statisticians just count the ___________.
a. final goods and services.
b. final inventories.
c. intermediate goods and services.
d. durable goods and non-durable goods.
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a __________allows you to invest your money with a set interest rate for a pre-set period of time.
A Certificate of Deposit allows you to invest your money with a set interest rate for a pre-set period of time.
investment is the dedication of money to purchase of an asset to reap an increase in value over a time frame. funding requires a sacrifice of some gift asset, including time, money, or effort. In finance, the cause of making an investment is to generate a go back from the invested asset. The return can also consist of a gain (earnings) or a loss realized from the sale of a assets or an investment, unrealized capital appreciation (or depreciation), or funding income inclusive of dividends, hobby, or condo income, or a mixture of capital benefit and profits. The return might also encompass forex gains or losses because of adjustments in the overseas foreign exchange charges.
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the securities that were created by financial institutions that consisted of all different kinds of mortgages bundled together to diversify risk are known as
Mortgage-backed securities are the securities that were created by financial institutions that consisted of all different kinds of mortgages bundled together to diversify risk.
What is are Mortgage-backed securities?A mortgage-backed securities refers to an investment products similar to bonds. They consists of bundle of home loans and other real estate debt bought from the banks that issued them. The investors in this securities receive periodic payments similar to bond coupon payments.
An investor who buys mortgage-backed security is essentially lending money to home buyers. The security can be bought and sold through a broker. The minimum investment varies between issuers.
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item 4 naomi plans on saving $3,000 a year and expects to earn an annual interest rate of 10.25%. how much will she have in her account at the end of 45 years? multiple choice
Naomi plans on saving $3,000 a year and expects to earn an annual interest rate of 10.25%. 233,3571.66 will she have in her account at the end of 45 years.
When interest rates compound once a year, the annual rate of return is known as the effective annual rate. The annual percentage rate must be converted to the effective annual rate if the actual compounding frequency differs. The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate.
The future value of an annuity with monthly payment M for T periods, given periodic return r, can be calculated using the following formula: M((1+r)^T−1)/r. Using the formula, the account's worth after 45 years is calculated as follows: 3,000((1+10.25%)^45−1)/10.25%=233,3571.66.
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it took samantha 6 years to double the money in her account. what interest rate was samantha receiving on her account?
Answer:
2x
Explanation:
even if the markets are efficient, professional portfolio management is still important because it provides investors with:
Option B is correct, Even if the markets are efficient, professional portfolio management is still important because it provides investors with Low-cost diversification and a portfolio with a specified risk level.
In finance, diversification is the procedure of allocating capital in a way that reduces the exposure to any individual-specific asset or danger. A commonplace course closer to diversification is to reduce risk or volatility by making an investment in an expansion of the property. If asset prices do now not change in the best synchrony, an assorted portfolio will have less variance than the weighted average variance of its constituent belongings, and regularly less volatility than the least unstable of its parts.
Diversification is one of the two widespread strategies for reducing investment risk. the alternative is hedging.
Diversification has no most so long as greater belongings are available. each similarly weighted, uncorrelated asset introduced to a portfolio can add to that portfolio's measured diversification. when belongings aren't uniformly uncorrelated, a weighting method that puts assets in percentage to their relative correlation can maximize the to-be-had diversification.
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Complete question: -
Even if the markets are efficient, professional portfolio management is still important because it provides investors with:
I. Low-cost diversification
II. A portfolio with a specified risk level
III. Better risk-adjusted returns than an index
A. I only
B. I and II only
C. II and III only
D. I, II, and III
a bank customer stops by her bank's atm to withdraw money from her checking account. in this case, who is the primary business actor?
In the case a bank customer stops by her bank's ATM to withdraw money from her checking account, the primary system actor is the bank customer. The correct answer is option C.
What is the primary system actor?The primary actor of a use case is the stakeholder who calls on the system to deliver one of its services. It has a goal with respect to the system, the one who can be satisfied by its operation. The primary actor is usually, but not always, the actor who triggers the use case.
So, in the given case, the primary actor is the bank customer, because she is the one who can be satisfied by the system.
An actor can be primary or secondary. Primary actors are those who initiate use cases and interact with the system. They are usually placed on the left side of the system. On the other hand, secondary actors are used by the system but they do not interact with the system on their own.
Although part of your question is missing, you might be referring to this full question: A bank customer stops by her bank's ATM to withdraw money from her checking account. In this case, who is the primary system actor?
A) the bank teller
B) the bank
C) the bank customer
D) the money withdrawal authorization company
E) none of the above
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joshua makes $50,000 a year and pays 24% in income tax. zoe makes $90,000 a year and pays 28% in income tax. what type of tax structure explains this difference?
This is a type of progressive tax system where the tax rate increases with an increase in the income of the individual.
The answer is: Progressive tax system.
A progressive tax is one that sees its tax rate go up (or advance) as taxable income does. For people with low incomes, the tax rate is lower; for those with greater incomes, the tax rate is higher. Usually, this is done by setting up tax brackets that divide up taxpayers according to various income levels. Progressive taxation refers to tax rates that rise gradually from low to high, with the end effect that a taxpayer's average tax rate is lower than their marginal tax rate.
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disputes concerning business contracts, divorce, family matters, and personal injury involve what kind of law
Disputes concerning business contracts, divorce, family matters, and personal injury involve civil law.
Civil law systems also called continental or Romano-Germanic legal systems, are found on all continents and cover about 60% of the world. They are founded on concepts, categories, and rules derived from Roman law, with some impact of canon law, sometimes largely supplemented or modified by local custom or culture. Civil law is a comprehensive system of rules and principles usually organized in codes and easily accessible to citizens and jurists.
The civil law tradition, though secularized over the centuries and putting more focus on individual freedom, promotes cooperation between human beings.
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what happened when governments in africa set price controls on agriculture? a. farm production increased c. farmers got very wealthy b. people had more food d. farm production dropped, people starved
The Correct option is D. Farm production dropped, people starved, Governments have historically set prices for things like fuel, rent, and the minimum wage, to mention a few; conflict is typically the catalyst for these price controls.
According to a June 2008 African Union report, the majority of Farm production nations have seen an increase in domestic agricultural investment over the previous five years, and roughly 10 nations have reached or surpassed the 10% spending objective. Implementing such controls may be done in order to halt inflation, keep prices affordable even during times of shortages, or, alternatively, to guarantee a minimum income for producers of particular items or attempt to attain a livable wage.
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which situation is not a way to perform an internal search for information when deciding where to go get lunch?
Going to a new area of town and looking around is not an ideal way to perform an internal search for information when deciding where to go get lunch. Therefore, the option C holds true.
An internal search can be referred to or considered as a search wherein the factors related to the surroundings of an environment or an organization are taken into consideration. In addition to that, an internal search does not involve the external factors in the achievement of the desired results to come or show up.
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Complete question
Which of the following is NOT a way to perform an internal search for information when deciding where to go get lunch?
- you remember a coworker's great comments about the sushi bar down the street
- you decide not to go to the burger joint since it cooks your meal wrong every time
- you go to a new area of town and look around
- you are in the mood for BBQ and decided to go to your favorite restaurant
a technique for managing the change process by identifying the specific factors that prevent people from changing, as well as those that will drive them toward change, is known as
discuss some of the ways capitalism has been stifled by our government in the u.s. currently and what can be done to stoke up the engines of capitalism to get the economy improving
The ways capitalism has been stifled by our government in the u.s. currently allows for the private ownership and control of capital to stoke up the engines of capitalism to get the economy improving.
A capitalist economy allows for the private ownership and control of capital assets like mines, factories, and railroads as well as the purchase of labour for monetary wages, the accrual of capital gains to private owners, and the allocation of capital and labour between competing uses by prices "Supply and Demand".
Even though capitalism in some way underpins almost all modern economies, during much of the 20th century there were only two main methods of economic organisation. The alternative is socialism, when the government controls the means of production and state-owned businesses prioritise the common good over individual shareholder interests.
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a firm operating in a monopolistically competitive market can earn economic profits in:____.
A firm operating in a monopolistically competitive market can earn economic profits in the short run.
A monopolistically competitive market refers to a market where several companies offer competing goods and services that are alike or similar but are not perfect substitutes for each other. The barriers to entry in a monopolistic competitive market are low, and the decisions of any company do not have any direct effect on its competitors.
Typically, companies in a monopolistic competitive market generate economic profits in the short run. While in the long run, they produce zero economic profit; this is a result of the freedom of entry and exit in the monopolistic industry.
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which element of the marketing mix addresses the question of whether customers have similar product needs across international markets segments?
Product strategy of the marketing mix addresses the question of whether customers have similar product needs across international markets segments.
A foundational business model known as the "marketing mix" has historically focused on the four Ps of product, price, place, and promotion. The phrase "collection of marketing instruments that the firm utilizes to pursue its marketing objectives in the target market" refers to the marketing mix. The four main components of a marketing strategy are product, pricing, place, and promotion, often referred to as the marketing mix or the four P's of marketing. Product, pricing, place, and promotion make up the marketing mix. The marketing mix is the collection of tactical marketing instruments that may be controlled and used by a business to elicit a specific response from its target market. It entails every action a business can take to affect consumer demand for its goods.
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a registered securities agent has been contacted by an independent venture capitalist to obtain customers for a private placement that he is forming. which statement is true?
The actual date of the audit is only known to the CPA because the NASAA securities agent custody rule stipulates that every adviser who accepts custody must undergo an annual "surprise" audit.
What two of the following claims about a broker-dealer who acts as a dealer market maker are true?In regards to a broker-dealer operating as a dealer or market maker, which TWO of the following assertions are TRUE? The broker-dealer either purchases for or sells out of its own stock. For carrying out trades, the broker-dealer receives commissions.
Which people are obligated to register with Finra?Anyone who wants to offer securities must register with FINRA, a self-regulatory organization, whether they are a planner, broker/dealer, or their representative.
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on january 1, year 1, brown company issued bonds with a face value of $111,000, a stated rate of interest of 11%, and a 20-year term to maturity. the bonds were issued at face value. if brown's tax rate is 40%, what is the after-tax cost of borrowing related to these bonds for year 1?
The interest paid on the debt less any income tax savings from deducting interest payments is the after-tax cost of debt. To determine a company's cost of debt after taxes, divide its effective tax rate by one and multiply the result by the cost of debt.
The cost of borrowing in connection with these bonds for Year 1 is $12,000 after taxes.
given details
Bond Face Value: $200 000
10% annual rate of interest
40% tax rate
The after-tax cost of borrowing is determined as follows:
Cost of Bond Borrowing for Year 1 (Before Tax)
= $200,000 * 10%
= $200,000 * 0.10
= $20,000
Cost of Bond Borrowing for Year 1 (After Tax)
= $20,000 * (1 - 40%)
= $20,000 * 0.60
= $12,000
As a result, for Year 1 of these bonds, the after-tax cost of borrowing is $12,000.
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which information would be enough to determine a firm’s profit, given that q = 10,000 units? price, total cost price, total revenue price, variable cost price, fixed cost, marginal cost for Q 10,000
To determine profits when quantity is given, then total cost and price are necessary:
The correct answer is: Price and total cost.
Since the quantity sold is given then using the price of the good, the total revenue of the firm can be estimated. Total revenue is calculated by multiplying the price of the good by the quantity sold. Profit is calculated by subtracting total costs from the total revenue.
Profit = Total revenue - Total cost
Therefore, to determine profits both total revenue and total costs of the goods are required. Since quantity is already given, therefore, price and total cost are required.
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two technicians are discussing labor rates. technician a states most customers like high labor rates. technician b states most shop owners love low labor rates. who is correct?
Only Technician A is correct as floor jacks are the most common jack found in automotive shops and not the most floor jacks in shops are rated between six and eight tons as said by Technician B.
A jack is a lifting device used to apply great force or lift heavy objects. Mechanical jack uses screws to lift heavy objects. The hydraulic jack uses hydraulic power. The most common form is a car jack, floor jack or parking jack, which lifts the car to work efficiently. Jacks are usually rated for maximum lifting capacity (for example, 1.5 tons or 3 tons). Industrial jacks can be rated for tons of load.
There are two types of hydraulic jacks, the bottle jack and the floor jack. As the name implies, the bottle jack is portable and has a vertical piston with a weight bearing pad on top. Bottle jacks are often used with cars and are useful for changing tires. The jack is in the car at the correct point to raise the car, then use the detachable lever, the jack is pumped, so raise the car to change the wheel. The floor jack has horizontal pistons and long arms that provide vertical lift. Floor jacks have wheels or castors and are often found in garages. These jacks can carry heavier loads than bottle jacks.
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Complete Question:
Two technicians are discussing automotive jacks. Technician A says that floor jacks are the most common jack found in automotive shops. Technician B says that most floor jacks in shops are rated between six and eight tons. Who is correct?
The deadweight loss that arises from u monopoly is a consequence of the fact that the monopoly a. price equals marginal revenue. b. price is the same as average revenue
c. quantity is lower than the socially optimal quantity d. All the above are correct
The deadweight loss that arises from monopoly is a consequence of the fact that the monopoly c. quantity is lower than the socially optimal quantity.
A deadweight loss results from a market that is inefficient due to supply and demand being out of equilibrium. Deadweight losses are generally caused by an ineffective distribution of resources, which is brought about by a variety of interventions, including price ceilings, floors, monopolies, and levies.
What is deadweight loss?Deadweight losses are expenses incurred by society as a result of market inefficiency, which happens when supply and demand are not balanced. Deadweight loss refers to any deficit brought on by an ineffective resource allocation and is primarily utilized in economics.
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tanya received a $1,000 loan from the bank for a vacation. the bank is using the simple interest formula for this one-year, 7 percent loan. what is her total interest? a. $7 b. $35 c. $70 d. $350 e. $1,007
Tanya borrows $1,000 from the bank to pay for her vacation. For this one-year loan at 7% interest, the bank employs a straightforward interest formula. She has a $70 interest balance.
The total amount of interest is calculated by adding together the periodic interest payments; this figure is then divided by the loan balance to produce a percentage. The estimate is predicated on you making all of your payments on time. Additionally, the computation makes the assumption that you'll maintain the loan for its whole period.
Interest calculation formula using the Simple Interest Method.
Interest = P * R * T
Where,
P = Principal Loan Amount = $1000
R = Interest Rate = 9%
T = Term = 1 year
Interest = P * R * T
= $1000 * 7% * 1
= $70
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Joe can read 7 page of hi book in 5 minute. At thi rate, how long will it take him to read the entire 275-page book?
Joe will need about 196.43 minutes minutes to read the entire 275-page book.
We can use the formula rate = distance/time to calculate this. The distance is the number of pages in this case, and the time is the amount of time it takes to read those pages.
We know Joe can read 7 pages in 5 minutes, so we can use these values to calculate how long it will take him to read 275 pages: rate = 275 pages / time.
We get time = 275 pages / 7 pages per 5 minutes when we solve for time.
275/7=39.286
pages per 5 minutes= 39.286 *5=196.43 minutes
Converting the time from minutes to hours, we get that it will take Joe
1 hour = 60 minutes
= 196.43/60
=3 hours 16 minutes
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miriam anne is a single taxpayer. what federal taxes does she pay if her taxable income is (a) $5000, (b) $20,000, (c) $95,000, (d) $350,000, (e) $1 million?
The right answer is (a) as Miriam Anne is a single taxpayer and the amount is $5000. If her taxable income is $5000, does she have to pay federal taxes.
A taxpayer is any individual, business, or other type of entity that owes taxes. The government may issue identification or reference numbers to people or organizations that pay taxes today. Frequently, the term "taxpayer" refers to someone who pays taxes. A taxpayer is a natural person or legal entity that owes taxes to state or municipal taxing bodies. Taxes can be in the form of income taxes or property taxes assessed against real estate owners in addition to numerous other forms (such as homes and vehicles). People could be compelled to pay taxes when they buy taxable goods and services. Since taxes are used to pay for government services and programs, the working population of a country is frequently referred to as its "taxpayers." Taxpayer money is included in the public funds, which are made up of all the funds the government invests in or spends to address present and potential future needs. Due to the fact that business entities are also taxpayers, their income and costs are taxable.
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if government regulators set price such that a natural monopolist earns only normal profits, price will be set equal to
If government regulators set price such that a natural monopolist earns only normal profits, price will be set equal to average total cost.
What is Average Total CostAverage total cost or average total cost is the cost per unit of the number of products made. This information is integral to making any decisions regarding product pricing. Products must be priced above the average total cost for the company to be profitable.
Average total cost includes fixed costs and variable costs. Fixed costs are costs that are necessary for production but do not change based on the number of products a company produces.
The formula for calculating average total cost is:
(Total fixed costs + total variable costs) / number of units produced = average total cost
How to Calculate Average Total CostAverage total cost is calculated by dividing the total cost of production by the number of units produced. Follow these five steps to calculate average total cost:
1. Identify fixed costs
First, using your profit and loss account, identify your total fixed costs. This can include things like rent, equipment costs, insurance, wages and utilities.
2. Determine variable costs
Next, identify all of your variable costs. These can be things like the cost of raw materials, direct labor, sales commissions and shipping or delivery costs.
3. Calculate the total cost of production
Next, you will calculate the total cost of production by adding up the total fixed costs and variable costs. This is represented in the equation as:
(Total fixed costs + total variable costs)
4. Determine the number of units
Next, you need to determine the number of units that have been produced.
5. Calculate the average total cost
Finally, you will determine average total cost by dividing total manufacturing costs (the amount you identified in step three) by the number of units your company produces (the amount you determined in step four).
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FILL IN THE BLANK. a _________ value in xn can pose a problem for an economy over the longer term.
A high value of the exchange rate in xn can be a problem for the economy in the long run. A high exchange rate makes imports cheaper, leading to a decline in domestic production as imports become more attractive to consumers.
This can lead to increased unemployment and reduced economic growth. In addition, a high exchange rate can make exports more expensive, leading to a decrease in demand for domestic goods and services in foreign markets. This can further reduce economic growth, which will reduce the overall health of the economy. To maintain a healthy economy, it is important to ensure that exchange rates remain at a reasonable level.
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in an effort to increase profits, hunan kitchen is attempting to appeal to a specific segment of the market by offering an all-you-can-eat buffet. these efforts, designed to identify specific groups that can be profitably served, represent an example of
Answer:
Hunan Kitchen is seeking to appeal to a certain market segment by providing an all-you-can-eat buffet in an effort to boost profitability. These actions are an illustration of target marketing because they aim to discover particular populations that may be economically supplied.
Explanation:
Target marketing, as the name suggests, is the process by which an organisation focuses on a specific chosen market segment, be it demographic, gender, etc., to provide them with its goods or services.
Typically, it focuses all of its marketing efforts on one specific market in order to appeal to that customer base.
With the proper demands being met for clients, businesses can increase sales and profitability by using target marketing.
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if a monopolistically competitive firm is producing 50 units of output where marginal cost equals marginal revenue, total cost is $1,674 and total revenue is $2,000, its average profit is
It will be able to cut the cost of its goods by utilising economies of scale. When a monopolistically competitive firm produces 50 units of product at a marginal cost of $1.674 per unit and a marginal revenue of $2,000 per unit, the average profit is $326.
By examining the marginal revenue and marginal costs of producing an additional unit, a monopolist can estimate its profit-maximizing price and quantity. When the marginal revenue is higher than the marginal cost, the company should produce an additional unit. When marginal revenue (MR) and marginal cost (MC), as seen in the graph above, are equal, MR=MC, the level of output that maximises profit is reached. For a monopoly, the demand curve will be the average revenue curve (AR=D), as there is only one company that has complete market power.
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in international buying, the type of entity that normally assists in locating suppliers and handling documentation is a(n):
In international buying, the type of entity that normally assists in locating suppliers and handling documentation is an import broker.
An import broker is a professional who specializes in the import and export of goods. They typically handle all aspects of the trade, from the initial paperwork to the shipment and delivery of the goods. Import brokers are sometimes referred to as "customs brokers" due to the fact that they are most commonly involved in dealing with customs regulations.
Import brokers help to ensure that the importation and exportation of goods are conducted in accordance with all applicable customs regulations. They work closely with the importing party to ensure that all the necessary documentation is in place and that the shipment is properly declared. They may also assist in finding the most economical way to transport the goods, as well as negotiating any applicable duties or taxes owed.
Import brokers are also responsible for ensuring that all paperwork is filed correctly and in a timely manner. This includes submitting any necessary declarations, such as customs forms, as well as ensuring that any applicable taxes or duties have been paid. Additionally, they will help to manage the shipment of the goods, ensuring that they arrive at the intended destination in a timely manner and that they are properly insured during transit.
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The monthly premium for kevin’s renters insurance is $15, and his deductible is $500. during the month of april, someone breaks into his apartment and steals or destroys $2200 worth of his possessions. how much will kevin pay and how much will the insurance pay to replace his items?
Kevin pays $500 and insurance company will pay $1700 to replace his items.
The term renter's insurance refers to property insurance that protects the tenants who live in the property. Insurance is provided by insurance companies in exchange for premiums paid by residents of apartments, single-family homes, and condominiums. The policy provides coverage for personal property as well as non-owner liability. These policies also cover the living expenses that need to be paid when someone takes out an insurance policy after their home is damaged. Although the tenant is not required, some landlords want their tenants to have some assistance.
As Kelvin pays the monthly premium for Kevin’s renters insurance is $15, and his deductible is $500and the loss caused to Kelvin is $2200. Therefore, both Kelvin and insurance company will bear the loss as Kevin pays $500 and insurance company will pay $1700 to replace his items.
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Correct Question:
The monthly premium for kevin’s renters insurance is $15, and his deductible is $500. during the month of april, someone breaks into his apartment and steals or destroys $2200 worth of his possessions. how much will kevin pay and how much will the insurance pay to replace his items?