The type of hazard presented by an <em>insured failing to salt and shovel her sidewalk after a snowstorm is</em>; Morale hazard.
Discussion:
A hazard in the context of insurance describes anything that increases the potential for the occurrence of a loss. (An unintended, unforeseen event that causes injury to an insured or damage to property)
On this note, hazards are classified as one of four types:
A morale hazard, results from unintentional carelessness or laziness just as in the case described in the question.
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Answer:
I am pretty sure the answer is A) direct materials
Explanation:
Conversion cost equals direct labour plus manufacturing overhead
Answer:
A lot of businesses don't succeed due to money problems, or no customers.
Explanation:
$295,000 is the yearly depreciation using the double-declining-balance method.
The double declining balance approach is predicated on the idea that an asset's value depreciates quickly, faster at the start of its useful life than at the end.
Therefore, we will figure out the straight-line depreciation amount and then double it to figure out the twofold decreasing balance. A $900,000 asset value divided by three years equals $30,000 for the first year. Given that the dropping balance is twofold, the straight-line depreciation amount is multiplied by two.
Straight-line method we would just take the $900,000 minus the $15,000 of salvage value we would depreciate divided by three years, and the straight line charge would be $295,000 for year of the three years.
To know more about double-declining-balance method,refer to:
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Answer:
If Aquataste sticks to the agreement, Waterland has an incentive to renege on the agreement by producing 350 gallons because Waterland’s profits would then increase from $375 to $525.
Explanation:
If Waterland and Aquataste both produce 250 gallons each and charge $1.50 per gallon.
There would be 500 gallons in total, and the total revenue would be
$1.50 × 500 = $750
which when shared equally between Waterland and Aquataste would result in each of them getting $375 each.
But if Aquataste sticks to the agreement, Waterland has an incentive to renege on the agreement by producing 350 gallons, still charging $1.50 and Waterland’s profits would then be
$1.50 × 350 = $525
Hope this Helps!!!
