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3 years ago

Insurance contracts are known as ____ because certain future conditions or acts must occur before any claims can be paid.

1 answer:

3 0

Insurance contracts are known as conditional contracts because certain future conditions or acts must occur before any claims can be paid. In this case, the insurance contracts are conditional because the policy holder must follow their requirements such as paying for the policy before the insurance company does their end of the contract. If you do not pay for your insurance policy, the insurance company is not responsible for coverage.

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Last year, Linus earned a salary of $25,000 and he spent $24,000, thus saving $1000. At the end of the year, he received a bonus

Evgen [1.6K]

Answer:

0.5

Explanation:

Marginal propensity to consume is the proportion of the increase in disposable income spent on consumption.

Marginal propensity to consume = change in consumption/ increase in disposable income

$500 / $1000 = 0.5

I hope my answer helps you

8 0

4 years ago

The company is now using only 70% of its normal capacity; it could fully use its normal capacity by processing the assembly furt

WINSTONCH [101]

Answer and Explanation:

The preparation of the analysis shows whether the assemblies should process further or not is presented below:

Differential revenue (38,000 units × ($51 - $44)) $266,000

Differential costs:

Direct material (38,000units × $2 per unit) ($76,000)

Direct labor (38,000units × $2 per unit) ($76,000)

Variable overhead (38,000units × $1 per unit) ($38,000)

Fixed costs ($160,000 - $225,000) ($65,000)

Additional income (loss) from processing further $11,000

Since the amount comes in positive so it should be processed further

7 0

3 years ago

You're attempting to determine the amount of usable floor space in your day care facility. Which one of the following areas can

Serjik [45]

I believe the answer is d. I hope it was right and I helped!

4 0

3 years ago

Terps Company reports the following amounts: Book Value Fair Value Assets $ 400,000 $ 500,000 Liabilities 45,000 45,000 Net inco

jekas [21]

Answer:

$180,000

Explanation:

Goodwill = Purchase Price - Net Assets Taken over at Fair Value

where,

Purchase Price = $635,000

Net Assets Taken over at Fair Value = $ 500,000 - $45,000 = $455,000

therefore,

Goodwill = $635,000 - $455,000 = $180,000

5 0

3 years ago

In Marubeni America Corp. v. United States, the federal appellate court ruled that the Nissan Pathfinder was, for tariff classif

Hitman42 [59]

Answer: the tariffs will vary depending on the classification.

Explanation:

Tariff is a form of tax that is usually imposed on the imports that are brought from other countries to a particular country.

With regards to information provided in the question, the classification of goods is significant because the tariffs will vary depending on the classification.

6 0

3 years ago