Coverage that protects the insured's vehicle for damage.
What is comprehensive?
100
Protection for the financial losses that may happen due to an accident.
What is motor vehicle insurance?
100
Old age, survivors, and disability insurance. Based on percentage of workers income.
What is social security tax? (OASDI)
100
Published by trade associations and the federal government for companies of all sizes and in all industries.
What is target average inventory?
100
Comparison of goods available for sale at cost and at retail.
What is retail method?
200
Insurance that includes payment for bodily injured to others and property.
What is liability?
200
A portion that covers damage sustained by the insured's vehicle in an accident.
What is collision?
200
Service packages over and above an employee's paycheck, pension fund, paid vacation, sick leave, health insurance.
What is fringe benefits?
200
Merchandise is physically counted at least once a year.
What is periodic inventory system?
200
An estimate of a companies typical inventory at any given time.
What is average inventory?
300
The company offering the insurance protection.
What is insurer or carrier?
300
A premium reduction measured in collision insurance.
What is deductible?
300
Commissions paid in advance of sales and later deducted from commisions earned.
What is drawing account?
300
The retail method of inventory estimation to represent the cost of each dollar of retail sales.
What is cost ratio?
300
The average dollars invested in merchandise inventory was theoretically sold out or turned over.
What is stock turnover?
400
An insurance that guarantees a specific sum of money to the surviving beneficiaries.
What is life insurance?
400
Allowing an insurance policy to terminate by failing to make the required premium payments.
What is lapse?
400
Pay rate scheduled based on employees production, output not hours.
What is piecework?
400
Permitted under conditions of falling prices or merchandise obsolence.
What is LCM rule?
400
The unit of inventory is the cost of all goods available for sale during the accounting period.
What is average cost?
500
Able to change beneficiaries and designate how the death benefits will be paid or cancel.
What is ownership rights?
500
Staticians employed by insurance companies who calculate the probability or chance of a certain insuarable event occuring.
What is actuaries?
500
IRS table used to determine the combined amount of income taxes, social security, and medicare that must be withheld from an employees gross earnings each pay period.
What is combined wages bracket table?
500
Feasible only for low-volume merchandise flow.
What is specific identification method?
500
Goods available for sale are updated on a continous basis by computer.