Answer:
$40,000
Explanation:
Since Missy's policy had a replacement cost endorsement, her insurer must pay for a replacement grain drill even if its cost is higher than the policy's limit.
Replacement cost insurance is generally better than cash cost insurance because most equipment, buildings (including houses) and vehicles tend to depreciate, and their replacement cost is generally higher than their cash value.
Answer:
Everyone involved in the transaction
Explanation:
As an agent of the seller, the broker has a fiduciary duty with the seller (principal) to act of behalf of his/her best interest.
But the broker must also act honestly with the buyer, if the broker closes a deal using dishonest or unfair practices, e.g. forging documents, then the buyer might claim damages from both the broker and the seller.
And of course the broker should also make sure that his/her own rights are respected and his/her work is properly paid.
Answer:
Purchases= $3,620
Explanation:
Giving the following information:
Beginning inventory= $720
Ending inventory= $640
Purchase= ?
Used in the period= $3,700
<u>To calculate the purchases, we need to use the following formula:</u>
Purchases= used in the period + desired ending inventory - beginning inventory
Purchases= 3,700 + 640 - 720
Purchases= $3,620
Answer:
The correct answer is A) the role of the government should be limited, since the market will always be self-correcting.
Explanation:
Principle of minimum state intervention, free market or laissez faire: at least government, the best, economic processes were considered as capable of self-regulation, in other words, economic forces themselves will direct production, exchange and consumption to Its most efficient level. State action must be confined to enforcing individual rights (especially property rights), providing national defense and some public services of general interest (justice, some types of education, etc.).
Answer:
standard
Explanation:
Based on the information provided within the question it seems that Maltone Corporation is using its 2012 export data as a standard. This term refers to normal or average level in which everything else is compared to. Therefore since the company is comparing its current export data to that data in order to see if they were successful, then the 2012 data is the standard for success.
