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Lena [83]
3 years ago
12

What is the definition of liability? the amount a consumer must pay after an incident before the insurance company starts paying

the monthly amount paid for insurance intentionally destroying something in order to collect insurance a responsibility to pay for or fix a problem
Business
2 answers:
Tatiana [17]3 years ago
8 0

a responsibility to pay for or fix a problem

Alekssandra [29.7K]3 years ago
4 0
"A responsibility to pay for or fix a problem"
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As a private limited firm dealing with garment manufacturing, you have little cash in hand but considerable business potential.
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Answer:

A private limited firm refers to a corporation. A corporation’s internal sources of financing are mostly limited to its retained profits, and money realized from the sale of its assets. In case of the given example, because the company does not have enough cash on hand, it will have to rely on several external sources of financing. The most important source of procuring financing for the company is a bank loan. Thus, the company can raise money from institutions such as banks or other creditors in the form of loans. The company will need to repay loans in the future, and therefore the company will record this as a liability in its accounts. However, these ways of procuring money would help the company arrange $15,000 in order to purchase the fabric and other accessories.

The sources of financing will remain the same even in the case of a sole proprietorship; that is, retained earnings or loans from external sources such as banks. However, in the case of a public limited company, the answer would change. In the case of a public limited business, it has another option of raising financing through the issue of common or equity shares.

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3 years ago
Can we tell from this information whether aggregate expenditure was higher or lower than GDP during this​ quarter? If​ not, what
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Explanation:

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A spurious relationship occurs between two variables when:
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Bovin and bogus are the 2 variablez used in a spurious relationship
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Many firms advertise. What effect does advertising have on firm​ profits? One possible effect of advertising is to:_________
spayn [35]

Answer:

Option b: Increase profits by shifting the demand curve for the product to the right

Explanation:

Marketing is simply all the activities necessary for a firm to sell a product to a consumer. Firm engages in marketing to make their brand or product known.

Advertising has a whole lot of effect in the society at large. There are economic effect, social effect and others.

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3 years ago
Geo Co. purchased a building for $400,000. In addition, Geo paid $35,000 for taxes and lawyer fees. Geo also paid $60,000 to mod
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Answer: $495,000 User “Parrain” is the person who solved this question

Explanation: ALL costs that went into the DIRECT acquisition of the asset as well as COSTS TO SET IT UP for use by the firm should be accounted for in the amount recorded. In this case that would mean that the cost price, the closing fees and the modification fees all need to be accounted in the final amount. That would be $400,000 + $35,000 + $60,000= $495,000$495,000 should be recorded as the building's cost.

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