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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:

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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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Onofkp411 Corporation has a time contraint on one of its special machines. The company makes three products that use this machin

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Answer: $7.20 per minute

Explanation:

Find out the profitability of each product as Contribution Margin per minute.

Magnifico

Contribution margin per minute = (Selling price - Variable cost) / minutes on the constraint

= (335.18 - 259.26) / 7.5

= $10.12 per minute

Bellissimo

= (228.46 - 173.08) / 4.3

= $12.88 per minute

Lovely

= (199.21 - 159.61) / 5.5

= $7.20 per minute

Their least profitable product is $7.20 per minute.

The machine does not have sufficient time to satisfy the needs of Lovely so they will have to pay more to acquire more of the resource but they should not pay anything more than $7.20 per minute as this is their contribution margin for the product. and anything more would result in a loss.

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3 years ago

Which is a postreading strategy common to both fiction and nonfiction?

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Answer:

summarizing

Explanation: just did it.

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3 years ago

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Gary Stevens and Mary James are production managers in the Consumer Electronics Division of General Electronics Company, which h

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The Consumer Electronics Division of General Electronics Company, which has a number of dozen factories all over the world, is run by production managers Gary Stevens and Mary James. Gary is in charge of the facility in EI Segundo, California, while Mary is in charge of the one in Des Moines, Iowa. If the entire division reaches or surpasses its yearly profit objective, production managers will get a bonus equivalent to 5% of their basic pay. The bonus is decided in March, following the completion and distribution to investors of the company's annual report.

Percentage Completion

The percentage of completion method involves the ongoing recognition of revenue and income related to longer-term projects. By doing so, the seller can recognize some gain or loss related to a project in every accounting period in which the project continues to be active.

PER UNIT COST 187.50

FINAL PROCESS COMPLETION PERCENTAGE 40%

FINAL PROCESS COMPLETION 204,000

COGS 289

TOTAL COGS 57,899,510

NET PROFIT 100,490

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1 year ago

Landow Company uses variable costing for internal purposes and wants to restate income to that of absorption costing for externa

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Answer: 665000

Explanation:

N/a

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3 years ago

The nominal value of any economic statistic refers to the number that is actually announced at that time, while the ____________

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The nominal value takes into account the number that is actually announced at a time, while the <u>real value </u>refers to the statistic after it has been adjusted for inflation.

<h3>What do you mean by real value in economics?</h3>

A real value of an item, additionally referred to as its relative price, is its nominal price adjusted for inflation and measures that price in phrases of every other item.

Real values are extra vital than nominal values for monetary measures, along with the gross domestic product (GDP) and private incomes.

Thus, <u>Real value </u>refers to the statistic after it has been adjusted for inflation.

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