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Lightning strikes home and starts a fire that destroys the structure and its contents. The lighting is the Proximate cause.
Subrogation is the term that describes most insurance companies' right to sue against a third party who has caused damage to the insured. This is done to recover the amount of damage paid to the insured by the insurance company for the damage.
The replacement cost covers the retail cost of replacing a broken, damaged, or lost item. The advantage here can be seen in the personal computer example. For example, his $1,500 laptop, purchased two years ago, is worth less than it is now brand new.
Umbrella policies are typically sold for minimum coverage of $1 million, but insurers offer these policies in increments of up to $5 million and sometimes in $100 million increments.
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a Development Financial institution (DFi) is defined as “an institution endorsed or supported by Government of india primarily to provide devel- opment/Project finance to one or more sectors or sub-sectors of the econ- omy. ... these DFis are also known as Development banks.
Answer: For each of the following companies, each company would be more likely to use:
a. Janitorial services company - <u>Job costing.</u>
b. Soup manufacturer - <u>Process costing.</u>
c. Commercial plumbing contractor - <u>Job costing.</u>
d. Toothpaste manufacturer - <u>Process costing.</u>
e. Catering service - <u>Job costing.</u>
Answer:
40 students
Explanation:
The cost of the bus is $480
For x students, the cost of each ticket will be 35 - 0.30x
The total cost of the tickets for x students will be x(35 - 0.30x)
To find the number of students that will make the cost per student equal to $33, we solve for x:
<u>480+ x(35 - 0.30x)</u> =35
x
480+ x(35 - 0.30x<u>)</u> = 35x
480 + 35x - 0.30x² = 35x
480 = 0.30x²
1,600 = x²
40 = x
The cost per student will be $35 if the number of students is 40; it will be less than $35 if the number of students is greater than 40.
