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MaRussiya [10]
1 year ago
12

Lightning strikes a home and starts a fire that destroys the structure and its contents. The lightning is the?

Business
1 answer:
LenaWriter [7]1 year ago
4 0

Lightning strikes home and starts a fire that destroys the structure and its contents. The lighting is the Proximate cause.

Subrogation is the term that describes most insurance companies' right to sue against a third party who has caused damage to the insured. This is done to recover the amount of damage paid to the insured by the insurance company for the damage.

The replacement cost covers the retail cost of replacing a broken, damaged, or lost item. The advantage here can be seen in the personal computer example. For example, his $1,500 laptop, purchased two years ago, is worth less than it is now brand new.

Umbrella policies are typically sold for minimum coverage of $1 million, but insurers offer these policies in increments of up to $5 million and sometimes in $100 million increments.

Learn more about  Proximate cause here brainly.com/question/14925660

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Novak Company took a physical inventory on December 31 and determined that goods costing $190,000 were on hand. Not included in
Lorico [155]

Answer: $237070

Explanation:

The amount that Novak should report as its December 31 inventory will be:

Inventory in hand = $190,000

Add: Goods bought from Pelzer Corporation = $25,170

Add: Cost of goods sold to Alvarez Company = $21900

Total = $237070

The amount that Novak should report as its December 31 inventory will be $237070

8 0
3 years ago
Budgets are normally more effective when all levels of management are involved in the budgeting process. True or False
oksano4ka [1.4K]

Answer:

The given statement is "True".

Explanation:

  • The budgeting process for something like a commercial enterprise has always been based on the most recent financial statement of an organization, investment money as well as distribution channels, business objectives as well as the viewpoint in which the industry operates.
  • So that the spending plan is generally more accurate unless all agencies and therefore all top executives are actively engaged.
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An effective team would never have ______. a. Multiple long term goals b. A series of coordinated deadlines c. Unclear definitio
ElenaW [278]
C. It is very important to clearly define your goals in order to function better.
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3 years ago
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An effective price ceiling will cause consumers to: Instructions: In order to receive full credit, you must make a selection for
photoshop1234 [79]

Answer:

gain surplus from paying a lower price

Explanation:

An effective price ceiling will cause consumers to "gain surplus from paying a lower price."

This is based on the idea that an effective price ceiling usually leads to prices being below the equilibrium price or equates to a lower price.

At this point, the buyers demand more of the products, while the sellers have a lower incentive to produce more. And therefore, the quantity demanded will exceed the quantity supplied.

Hence, consumers gain excess (more demands) by paying a lower price.

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3 years ago
What is the last step in planning your budget?
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Review and revisions
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