Answer:
Insurable interest
Explanation:
The insurance interest is the interest of the insurer while taking the policy so that the risk of the loss is reduced also it is an important requirement that makes the firm or the event to be legal, valid, enforceable, and protected against any harmful acts done intentionally
Therefore according to the given situation, the concept in which enough interest must exist on the part of the insurer while taking the policy is known as the insurer interest
Hence, the first option is correct
From the amount of capital that the graduates had, the firms economic depreciation would be $10000
<h3>How to solve for the economic depreciation of the firm</h3>
Original cost of the capital - market value of capital after a year
= $30000 - $20000
= $10000
<h3>How to solve for the partnership costs</h3>
This is the Cost of capital plus cost of office space and cost of interest = $44,520
<h3>How to solve for economic profit</h3>
Total revenue - partnership cost
100000 - 44520
= $55,480
Read more on economic depreciation here: brainly.com/question/14552090
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Answer:
C) i and ii
Explanation:
Price elastic of demand (PED) of kerosene = 2.2% / 10% = 0.22 price inelastic demand
When two products are substitutes, an increase in the price of one of the products will not only reduce the quantity demanded of that product, but it will also increase the quantity demanded of its substitute products. In this case, an increase in the price of electricity, increases the quantity demanded for kerosene, which means that they are both substitute products.
If the whole lecture about mitochondria was placed in a single tweet, it would be this one:
<span>“The mitochondria is the power house of the cell” A powerhouse that we all should be mindful about and to take care of our own.</span>
Answer:
$104,000
Explanation:
Calculation to determine what Gross profit would be
Using this formula
Gross profit=Sales -Cost of Goods Sold -Sales Returns and Allowances-Sales Discounts
Let plug in the formula
Gross profit=$300,000-$158,000-$26,000- $12,000
Gross profit=$104,000
Therefore Gross profit would be $104,000
