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3 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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Which of the following statements is true of absorption costing? A. It considers variable selling and administrative costs as p

Sonja [21]

Answer:

C. It considers fixed manufacturing overhead cost as product costs.

Explanation:

The statement that is true of absorption costing is that it considers fixed manufacturing overhead cost as product costs.

Absorption costing uses the concept of cost drivers to ascertain the quantum of fixed manufacturing overhead cost a product generates, and ties that fraction to the product as its own cost.

By so doing, what would ordinarily have been periodic costs that will be apportioned among products become fixed costs that are directly traceable to those products.

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3 years ago

Define money and identify the different forms that it takes in the nation's money supply

viva [34]

Answer:

Money is defined as something that serves as a medium of exchange.

The money supply is the total amount of money available in an economy. It includes:

M1 includes coins and notes (bills) in circulation plus other money equivalents that are easily liquidated.
M2 includes M1 plus short term bank deposits and 24 hour money market funds.
M3 includes M2 plus long term bank deposits and money markets with more than 24 hour maturity.

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3 years ago

Fahad works for a company that markets all of Celextron's products. Fahad's company acts as the marketing department for Celextr

Whitepunk [10]

Answer:

D) selling agent.

Explanation:

Sine Fahad's company never obtains title for the goods that they sell, they are acting like a selling agent. They are very similar to a commission merchant except that Fahad's company is also responsible for the marketing functions of Celextron.

There are several types of sales agents and distributors, it all depends on certain details about how they work:

a manufacturer's agent work directly for the manufacturing firm, in this case it would have been Celextron.
a sales branch is a company owned by Celextron.
a full service wholesaler obtains title of the goods.

5 0

3 years ago

Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 –$218,917 –$16,419 1 25,700 5,985 2 5

Kryger [21]

Answer:

The IRR (in %) for Project A is 31%.

Explanation:

Let IRR be x%

At IRR, present value of inflows = present value of outflows.

218917 = 25700/1.0x + 53000/1.0x^2 + 58000/1.0x^3 + 420,000/1.0x^4

solving for x, we find:

x = 31%

Therefore, The IRR (in %) for Project A is 31%.

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3 years ago

When a contract is deemed against generally accepted public policy, the courts will determine the agreement to be _____?

Evgesh-ka [11]

Based on the statement above, the courts will determine the agreement to be likely as unenforceable and it is likely to be not voided. The agreement is likely to be impossible to be enforced by the higher authorities thought it is not voided or considered to be valid.

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3 years ago