Answer:
$400
Explanation:
Since your insurance policy provides for replacement value, then if your microwave is stolen, the insurance company must pay the cost of a new and similar microwave oven. Insurance is not about gaining or losing money, it's about returning the insured to its previous financial state before the incident happened.
In this case the insurance company has to pay a higher amount, but sometimes the replacement value might be lower, e.g. high tech products are usually very expensive in their introduction stage but then their prices start to decrease at the growth or maturity stages.
Answer:
Production Oriented
Explanation:
A business that practices a manufacturing strategy tends to ignore the needs of its consumers and only focus on making a quality product effectively, called Production oriented company.
In this case, PPG Industry only concentrates on making a high-quality windshield, and ignore the purchasing power of their customers, also their scientist ignore the color choice of the consumer.
Answer: sorry hvfhbhdbhdbhb
Explanation:
Answer:
Expenditures of $12,000 and a $12,000 prepaid asset
Explanation:
Since only half of the policy has been consumed (or accrued), then half of the premium must debited to expenditures, which is similar to debiting insurance expenses on a private company. Since half of the prepaid insurance asset has been used during this year, the account must be reduced by crediting it (same as recording for a private business).
Answer:
c. private markets tend to undersupply public goods
Explanation:
Because of the free-rider problem, private markets tend to undersupply public goods
