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1 year ago

What does liability insurance not cover in the event of an accident?

1 answer:

4 0

The liability insurance does not cover the intentional harm caused by the insured, Employee injuries or illnesses, Illegal acts or wrongdoing in the event of an accident.

<h3>What is a Liability Insurance?</h3>

Liability insurance is a norm to provide the insured party with some conservation against claims resulting from injuries and damage to people or property, covering both legal costs and any payouts for which the insured party would be responsible if found legally liable.

There are two types of liability coverage: bodily injury and property damage. Many states in the US needs liability coverages, subject to limits, which is the maximum amount the insurer will pay when the incident occurs. For example, a car accident can be expensive. This is why there is a limit of compensation which an insurer can offer.

Learn more about Liability here.

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Boyle Company makes fine jewelry that it sells to department stores throughout the United States. Boyle is trying to decide whic

Ksivusya [100]

Answer:

Explanation:

Fixed Costs of Bracelet A

Advertising Costs 5,000$

Annual depreciation 5,000$

Total Fixed Costs 10,000$

Fixed Costs for Bracelet B

Advertising Costs 3,000

Annual depreciation 4,000

Total Fixed Costs $ 7,000

Variable Costs for Bracelet A

Cost of Materials per unit $ 10

Cost of labor per unit $ 15

Total Variable Costs per unit $25

Variable Costs for Bracelet B

Cost of Materials per unit $20

Cost of labor per unit $15

Total Variable Costs per unit $35

c) Avoidable costs

Avoidable Costs Bracelet A

Cost of Materials per unit $10

Cost of labor per unit $ 15

Avoidable Costs Bracelet B

Cost of Materials per unit $20

Cost of labor per unit $15

7 0

3 years ago

According to circus founder P. T. Barnum, what happens without publicity?

almond37 [142]

Answer:

<em>"A terrible thing happens without publicity...</em><em>nothing</em><em>!"</em>

3 0

2 years ago

Read 2 more answers

What term is used to describe a technical, physical, or administrative process designed to reduce risk?

kvv77 [185]

Answer:

Control

Explanation:

Control in management as well as organization is very essential, it is very crucial for organization to achieve their goals. Control helps in the area of taking corrective measures whenever the needs arrises. It involves using technical as well as physical method in regulation of activities within an organization which will later reduces risk. It should be noted that control is

used to describe a technical, physical, or administrative process designed to reduce risk.

6 0

3 years ago

A gift shop signs a three-month note payable. The note is signed on November 30 in the amount of $50,000 with annual interest of

aliina [53]

Answer:

the gift shop must recognize 31 days of accrued interest payable, total interest = principal x interest rate x time passed

= $50,000 x 12% x 31/365 days = $509.59

the adjusting entry should be:

December 31, accrued interest on note payable

Dr Interest expense 509.59

Cr Interest payable 509.59

5 0

2 years ago

Read 2 more answers

Suppose a society begins by producing 3 units of X and 4 units of Y and then alters production to 4 units of X and 4 units of Y.

melisa1 [442]

Answer:

This situation means that resources were not being efficiently used.

If society managed to produce 1 more unit of X with the same resources and technology, this means that some resources were idle in the past, which causes inefficiency.

This also means that the combination 3 units of X and 4 units of Y is a point inside the PPF. However, we do not know if the combination 4 units of X and 4 units of Y is a point inside the PPF, or on the PPF, because there could be some other combination that could be even more efficient (for example 5 units of both X and Y with the same resources and technology).

4 0

3 years ago