Answer:
The amount that is needed to be covered by the policy is $3,500
Explanation:
Coverage B - Other kind of structures offer coverage for the real property which is to be located on the desired location and need to be separated from the dwelling through clear space.
Coverage A- upto 10%
So, in the situation, $8,000 is involved for other structures. Lightning is covered under the peril so that the policy will pay an amount of $3,500 (Which is $4,000 [$3,000 + $1,000] - $500)
Answer:
$20,000.
Explanation:
The adjusted basis value and fair market value are used to determine an asset's worth.
The adjusted basis value simply describes the amount a property owner has invested in his or her asset. It equals the cost of acquiring the property plus the cost of maintaining it.
Fair market value of a business or asset is the general calculation to determine the value of an asset if it were to be sold.
A casualty is a sudden, unexpected, or unusual loss or damage to one's property. Examples are: hurricane, fire, tornadoes, flood, storm, car accidents e.t.c.
In case of a casualty, where the property was totally destroyed, the adjusted basis value will be calculated or used as the owner's loss.
Therefore, in Ann's case, where her business drying cleaning machine was destroyed by fire, her loss is her adjusted basis value which is $20,000.
Answer:
Marketing as an entity generates awareness and demand for the product.
Explanation:
- Marketing of a product communicates about its brand value, its utility, and its performance. The four to seven P of marketing such as place, price, product, promotion, people, and physical evidence communicated through the advertisement, personal selling, brand endorsements, and PR events.
- For example, Starbucks coffee communicates the brand name logo, the price, the taste and communicates about the quality of the product. It delivers the message of high standards and a large market base and huge revenue to the clients.
Because the CPI is based on a fixed basket of goods, the introduction of new goods and services in the economy causes the CPI to overestimate the cost of living. This is so because when a new good is introduced it gives consumers greater choice thus reducing the amount they must spend to maintain their standard of living.