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2 years ago

An insured is entitled to coverage under a policy that a prudent person would expect it to provide

1 answer:

7 0

Correct/Complete Question: An insured is entitled to coverage under a policy that a prudent person would expect it to provide. This principle is called

A. Adhesion

B. Reasonable sensibility

C. Reasonable expectations

D. Insurable interest

Answer:

C, Reasonable expectations

Explanation:

Reasonable expectations is a legal concept in that says that an insured is entitled to coverage under a policy that a prudent and reasonable person would expect it to provide.

Alternatively, reasonable expectation could be said to be something one has good claims to expect will be done or is supposed to be done.

Cheers.

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. Tierney Enterprises is constructing its cash budget. Its budgeted monthly sales are $5,000, and they are constant from month t

mel-nik [20]

Answer:

b.$1,150

Explanation:

Sales Collection $5,000*.98 $4,900

Payment of purchases $5,000*50% ($2,500)

Other payments $5,000*25% ($1,250)

Net Cash flow during a typical month $1,150

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3 years ago

Why did a division of labor occur when people started to produce a surplus of food

Aneli [31]

Simple answer is efficiency.

More output can be produced if labour specialised and focused on a particular activity.

One due to the time saved from switching tasks and secondly getting better (and faster) at what they do.

This leads to two outcomes.
1. Lower average costs of production
2. Greater output.

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3 years ago

yall this isnt a question. It's just a heads up. but, i am good at astrology, i love it!! so if anyone has any astrology questio

aleksklad [387]

Answer:

thank youuu :))

Explanation:

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2 years ago

Read 2 more answers

Vaughn Company's inventory records show the following data: Units Unit Cost Inventory, January 1 11000 $8.80 Purchases: June 18

blsea [12.9K]

Answer:

Vaughn Company

The weighted-average cost per unit is

= $8.04

Explanation:

a) Data and Calculations:

Units Unit Cost Total

Inventory, January 1 11,000 $8.80 $96,800

Purchases: June 18 5,000 8.00 40,000

November 8 4,000 6.00 24,000

Total 20,000 $160,800

The weighted-average cost per unit = $8.04 ($160,800/20,000)

b) The weighted average method of recording inventory adds up the total units and costs of beginning and current period purchased or manufactured inventory. The total costs are divided by the total units to obtain the weighted-average cost per unit.

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2 years ago

Consider firms that introduce new products, such as DVDs in 2001. When firms introduce new products, how do they typically det

Svetach [21]

Answer:

D. estimate price elasticity of demand by experimenting with different prices

Explanation:

Price elasticity of demand measures the degree of responsiveness of quantity demanded to changes in price.

Demand is elastic if a small change in price has a greater effect on the quantity demanded.

Demand is inelastic if a change in price has little or no effect on quantity demanded.

Demand is unit elastic if a change in price has the same proportional change on quantity demanded.

By experimenting with different prices and monitoring the different quantities demanded at each price, a new firm can determine the elasticity of demand for their product.

Price controls are set at the discretion of the government and not by firms.

Shortages imply they quantity demanded exceeds quantity supplied. It doesn't give any information on elasticity of demand.

I hope my answer helps you

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2 years ago