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3 years ago

Which of the following statements about the commercial umbrella liability policies is false?

Business

1 answer:

mr Goodwill [35]3 years ago

6 0

Answer:

The Correct Option is C

Explanation:

Even if the insured fails to keep the underlying coverage in force, the umbrella policy is designed to still cover all claims that surpasses the underlying policies limit as though the were kept in force.

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bramble reported total asset s of and net income of for the current year. what is the corrected amount for toal assets and net i

nika2105 [10]

Answer:

Total Assets

Inventory is understated by $59,300 at the end of the year which means that assets are understated by the same amount.

To rectify this therefore you;

= 6,395,000 + 59,300

= $‭6,454,300‬

Net Income

When closing inventory is understated, it will have the effect of understating income and when opening inventory is understated, income will be overstated.

This means that the income for the year is overstated by $139,000 but understated by $59,300.

Corrected income is;

= 500,000 - 139,000 + 59,300

= $420,300

5 0

2 years ago

Suppose that the expected value of weekly profits for an ice cream shop, before paying the manager, Amy, is E(pi)equals500pl

anygoal [31]

Answer:

6 hours

Explanation:

E(s)= 500+12e-e²

dE/de= 12-2e

0 = 12-2e

e=6

A total of 6 hours will maximize surplus

5 0

3 years ago

All of the following are good ways to follow up with a new business contact except -

sweet-ann [11.9K]

The anwser is D, i just finished the same test

7 0

3 years ago

Chapman Machine Shop is considering a 4-year project to improve its production efficiency. Buying a new machine press for $576,0

DIA [1.3K]

Answer:

The Firm should not Buy and Install the press as it delivers a negative NPV of -$24,924 at 11% discount rate over its 4 year operations

Explanation:

The General rule is to appraise the investment based on various appraisal techniques.

A technique that should be considered must have special focus on the time value of money, the required rate of returns expected by the firm and other Cashflow considerations.

The Net Present Value (NPV) approach will be the best method to proceed with.

The NPV approach typically falls under the following decision tree:

a. If NPV is negative (Reject the proposal)

b. If NPV is positive (Accept if it's a singular project, Accept the highest positive NPV if it's for mutually exclusive Projects)

c. If Zero (this is the breakeven line at which the Project covers all its cost but does not return a profit.) Also referred to as the IRR

Kindly refer to the attached for detailed workings

6 0

3 years ago

Suppose the market for corn is a purely competitive, constant-cost industry that is in long-run equilibrium. now assume that an

sergij07 [2.7K]

After all resulting adjustments have been completed, the new equilibrium price will less than the initial price and output. The same will happen to the industry output. In each situation in which <span>an increase in product demand occurs in a decreasing-cost industry the result is: </span>the new long-run equilibrium price is lower than the original long-run equilibrium price.

5 0

3 years ago