Use the Following Performance Report for a Profit Center of Portia

question 30

Multiple Choice

Use the following performance report for a profit center of Portia Corporation for the month ended December 31 to answer the questions below.
Using the information provided for Portia Corporation,what was the actual profit center income?

• A)$10
• B)$6
• C)$4
• D)$54

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Definitions:

Insurance Company

A business entity that provides financial coverage to individuals and entities against potential losses or damages in exchange for premium payments.

Insurable Interest

A stake in the value of an entity or thing that provides a legal right or requirement to insure it.

Insurance Contract

A legally binding agreement between an insurance company and the policyholder, specifying the terms for the payment of insurance benefits.

Insuring Property

The act of purchasing insurance to protect against loss or damage to property due to hazards like fire, flood, or theft.