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saul85 [17]
3 years ago
8

_______ is a term referencing the concept that a sufficient interest must exist on the part of an insured in order to take out a

policy of insurance. Multiple Choice Insurable interest Pecuniary interest Financial concern Financial effect Profit impact
Business
1 answer:
hjlf3 years ago
5 0

Answer:

Insurable interest

Explanation:

The insurance interest is the interest of the insurer while taking the policy so that the risk of the loss is reduced also it is an important requirement that makes the firm or the event to be legal, valid, enforceable,  and protected against any harmful acts done intentionally

Therefore according to the given situation, the concept in which enough interest must exist on the part of the insurer while taking the policy is known as the insurer interest

Hence, the first option is correct

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Carnes Electronics sells consumer electronics that carry a 90-day manufacturer’s warranty. At the time of purchase, customers ar
saw5 [17]

Answer: See explanation

Explanation:

a. This is not a loss contingency. A loss contingency occurs when the value of an asset is reduced because of an occurence on the future. This isn't the case here as a separate sales transaction occured.

b. To account for it, we have to defer the revenue as a liability and then we will use the straight line basis to calculate the warranty expense.

2. Dr Cash $412,000

Cr Unearned revenue - extended warranties $ 412,000

(To record the sale of extended warranty)

Dr Unearned revenue - extended warranties. $57937.50

Cr. Revenue - Extended Warranties $57937.50

(To record revenue earned on extended warranty)

3 0
2 years ago
What is the different between BBE and BBBEE
Helga [31]
These are economic policies introduced in South Africa. Other countries have policies that are named in different ways like Zimbabwe they call their policies indeginasation which is meant to bring balance in the economy where there is equal participation by its citizens. In South Africa BEE was introduced specifically for Black Empowerment in redressing the economic ills of the past where most blacks were not participating in the economy of South Africa Equitably with other races hence Black Economic Empowerment Policy came to place. But as South Africa moved towards proper integrated society Broad-Based Black Economic Empowerment (B-BBEE) was introduced which accommodates companies owned by other races but has shareholding of blacks or employees share schemes, And where these companies buy goods and services from BEE companies and are involved on skills development and enterprise development through adopting the BEE companies and develop them.
3 0
3 years ago
Demand for earbuds is represented by: P = 402 – 2Q The costs are $8 per set of earbuds. In order to stock earbuds, other items w
Mkey [24]

Answer:

Q is 98

Explanation:

Marginal (average) cost (including opportunity cost) = $8 + $2 = $10

Profit is maximized when MR = MC = 10.

P = 402 - 2Q

Total revenue (TR) = P x Q = 402Q - 2Q^2

MR = dTR/dQ = 402 - 4Q

Equating with MC,

402 - 4Q = 10

4Q = 392

Q = 98

7 0
3 years ago
The government of Junta took Fuel Safe Corp., a domestic energy firm, into state ownership to save the company from bankruptcy.
goblinko [34]

The government of Junta took Fuel Safe Corp., a domestic energy firm, into state ownership to save the company from bankruptcy. However, the other private competitors in the energy industry were enraged by this decision. As a result, the government had to reduce the tax burden on all private energy firms so that both the state-owned enterprise and private firms could coexist.It portrays Mixed economy

<h2>Option (E) is correct</h2>

<u>Explanation:</u>

It is an example of Mixed economy.Mixed economy is one in which both public and private enterprises exist. It combines the features of free economy,planned economy as well as private and public enterprise.

In mixed economy there is control of government and with that it has private concerns also. Government exercises control through various policies like fiscal policies and monetary policies. In this example state ownership as well as private competitors co exist.

7 0
3 years ago
When are monopolies good?
zlopas [31]

Answer:

When Monopolies Are Good. Sometimes a monopoly is necessary. It ensures consistent delivery of a product or service that has a very high up-front cost. An example is electric and water utilities. Brainliest Please

Explanation:

3 0
3 years ago
Read 2 more answers
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