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Step2247 [10]
3 years ago
14

Independent contractors should purchase __________ liability insurance, which provides protection from liability as a result of

errors and omissions when performing their professional services.
Business
1 answer:
nevsk [136]3 years ago
5 0

Answer:

professional liability insurance

Explanation:

Professional liability insurance protects businesses (an independent contractor is a one person business) against liability resulting from errors and omissions. It covers any harm caused to a customer as a result of professional service or advice. This type of policy generally covers negligence, copyright infringement, personal injury, etc.

Professional liability insurance is generally purchased by businesses that offer the following services:

  1. professional service s
  2. professional advice
  3. contractual services
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Small businesses can often provide more personalized customer service than bigger rivals.A. trueB. False
AnnZ [28]

Answer: True.

Explanation:

Personalized services are services that are flexible in delivery and can change with individual preferences.

Smaller businesses find it easier to render customised services to their customers, because their customers are fewer and they are eager to get more, which makes them to put in extra effort, in satisfying each customer.

Bigger businesses have a larger customers population and has a difficulty most times in totally satisfying their every needs.

4 0
3 years ago
On January 1, 2020, Sheridan Company sold 10% bonds with a face value of $2750000. The bonds mature in five years, and interest
kodGreya [7K]

Answer:

$227,591.04

Explanation:

The computation of the interest expense is shown below;

The interest expense on the face value

= $2,750,000 × 10% × 6 months ÷ 12 months

= $137,500

And, the interest expense on the sale value

= $2,973,100 × 8% × 6 months ÷ 12 months

= $118,924

Now the closing balance would be

= $2,973,100 - $137,500 - $118,924

= $2,716,676

Now the interest on the same is

= $2,716,676 × 8% × 6 months ÷ 12 months

= $108,667.04

Now the interest expense is

= $108,667.04 + $118,924

= $227,591.04

7 0
3 years ago
An investor exercises the right to buy one additional share at $20 for every four shares held. how much should each share be wor
Verdich [7]

$45.00 should each share be worth after the rights issue if they previously sold for $50 each.

<h3>What is share?</h3>

A share is a financial market unit used in mutual funds, limited partnerships, and real estate investment trusts. The term "share capital" refers to all of an enterprise's shares. A shareholder of the corporation is someone who owns stock in the company.

A share is a type of ownership unit that represents an equal amount of a company's capital. A share entitles the shareholder to an equal claim on the company's profits and losses. There are two types of shares: equity shares and preference shares.

A company's shares signify its ownership. When a person purchases stock in your company, they become a shareholder. Shareholders elect who runs a firm and participate in critical decisions.

To know more about share follow the link:

brainly.com/question/25818989

#SPJ4

5 0
1 year ago
An increasing number of firms decide to install tablets and computers so that customers are able to order and pay on their own.
Gekata [30.6K]

Options:

a. have no effect on; increase; decrease; negative

b. increase; increase; decrease; negative

c. increase; increase; increase; positive

d. increase; increase; decrease; uncertain

e. decrease; increase; decrease; negative

Answer:

Option D is the correct answer.

An increasing number of firms decide to install tablets and computers so that customers are able to order and pay on their own. This can be expected to <u>increase</u> investment spending by the firms. At the same time we can expect the unemployment rate to <u>increase</u> and consumption spending to <u>decrease</u>. Overall the effect on gross domestic product (GDP) is <u>uncertain.</u>

Explanation:

Since, Firm choose to build venture by introducing tablets and PCs and hope to accomplish benefit level. And yet joblessness can be relied upon to increment and subsequently utilization spending will diminish. Thus, the general impact GDP is dubious in light of the fact that an underlying increment in venture increment the monetary development level by increment in work rate. On the off chance that business rate increment, at that point consequently utilization spending increment. And yet it was relied upon to expand joblessness rate which decline the utilization spending. Thus, all things considered GDP may increase or diminish . Consequently GDP is dubious.

8 0
3 years ago
A Chinese company exchanges yuan (Chinese currency) for dollars. It uses these dollars to purchase scrap metal from a U.S. compa
DanielleElmas [232]

Answer:

d. decrease, and U.S. net capital outflow increases.

Explanation:

Yuan is the currency of the country China and the currency of United States of America is dollar. Every country in the world does imports of some goods to meet the demands of the country and exports some items to the other countries that is produced in abundance in the parent country. In this way, countries earn huge capital by doing importing and exporting.

In the context, China will buy scrap metal from United States, thus China is importing a good from U.S. So China will have more of import. Hence China net export will decrease. While U.S. is selling goods to China in exchange of dollar and earning capital. So, net capital outflow of the United States will increase.

7 0
3 years ago
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