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Aleks [24]
3 years ago
10

When a claim is settled by a title insurance company, the company acquires all rights and claims of the insured against any othe

r person who is responsible for the loss. This is known as what
Business
1 answer:
marshall27 [118]3 years ago
4 0

Answer:

Subrogation

Explanation:

Subrogation occurs when the person that has suffered loss in an insurance contracts is compensated by the insurance company, the insurer, which automatically means that his/her rights or claims to the insured item or object has been transferred to the insurance company.

For instance,an insured insures his house against fire accident, if fires erupts and the house is destroyed, the insurance company compensated the insured with a new house, the right to sue the party that has caused the fire incident has been automatically transferred to the insurance company.

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Alexandra has determined that studying an hour for her economics quiz will improve her grade on the quiz from 75 to 100. She als
Aleksandr-060686 [28]

Answer:

Alexandra should: study for the quiz as long as her hourly wage rate is less than $20.

Explanation:

We need to determine if Alexandra's studies is worth the sacrifice at her job. This can be solved through the following steps;

<em>Step 1: Determine the value of the study</em>

The value of study=$20

<em>Step 2: Determine the value of the wage</em>

If she decides to sacrifice an hour of wages at her part-time job for $20 worth of study, then her opportunity cost should be at least zero for this decision to be worthwhile. This can be expressed as;

O=S-W

where;

O=opportunity cost

S=value of the study

W=value of 1 hour of work

In our case;

O=should be at least 0

S=$20

W=unknown=w

replacing;

0=20-w

w=$20

This means that she can study as long as her wage rate is less than $20, if the wage rate exceeds $20 then studying won't be worthwhile in terms of value

7 0
3 years ago
The _____ section of a business plan should include ownership details.
oksian1 [2.3K]

Organization and Management

5 0
3 years ago
as we look into the future the traditional purchasing approach will be transformed into ____ . ___ will be the tool that drives
aksik [14]

As we look into the future the traditional purchasing approach will be transformed into E-sourcing.

<h3>What is  E-sourcing?</h3>
  • The typical seven-step sourcing procedure can be used with a number of e-Sourcing solutions.
  • The procedures are the same whether e-sourcing software is used or not.
  • The distinction is in how you carry out each action.
  • You should choose the tools as a category manager or sourcing specialist that are most compatible with your company's goals.
  • It takes considerable knowledge of every tool in the toolbox to know which tool to use when. E-sourcing tools are placed beneath the relevant steps in the sourcing process below.
  • Simply put, e-Sourcing is a group of digital tools that aid in streamlining, streamlining, and improving the strategic sourcing activities and procurement processes carried out by the procurement team of an organization.

Hence, As we look into the future the traditional purchasing approach will be transformed into E-sourcing.

learn more about e-sourcing click here:

brainly.com/question/24319317

#SPJ4

5 0
1 year ago
Presented below is the stockholders' equity section of Mead Corporation at December 31, 2006: Common stock, par value $20; autho
marishachu [46]

Answer:

a. $1,965,000

Explanation:

The computation of total stockholders' equity is shown below:-

Paid-in capital from Treasury Stock =  1,800 × ($30 - $28)

= 1,800 × $2

= $3,600

Retained earning = $500,000 + $450,000

= $950,000

Treasury stock = ((3,000 - 1,800) × $28)  + (3000 × 35)

= (1,200 × $28) + (3000 × 35)

= $33,600 + $105,000

= $138,600

Total stockholders' equity on December 31, 2007 = Common stock + Paid-in capital in excess of par value + Paid-in capital from Treasury Stock + Retained earnings - Treasury stock

= $900,000 + 250,000 + $3,600 + $950,000 - $138,600

= $2,103,600 - $138,600

= $1,965,000

So, we have applied the above formula.

8 0
3 years ago
Convers Corporation (calendar-year-end) acquired the following assets during the current tax year: (ignore §179 expense and bonu
marishachu [46]

Answer:

$42,853

Explanation:

The computation of the allowable MACRS depreciation on Convers’s property in the current year is shown below:

<u>Assets      Place in service    Quarter   Original Basis  Rate Depreciation</u>

Machinery

(7 years)     Oct 25                   4th           $70,000         14.29%  $10,003

Computer

Equipment

(5 years)    Feb 03                   1st            $10,000         20%       $2,000

Used delivery

truck

(5 years)     Mar 17                   1st            $23,000        20%       $4,600

Furniture

(7 years)     Apr 22                  2nd         $150,000       14.29%    $21,435

Qualified

improvement

(39 years)    May 12                 2nd         $300,000     1.605%     $4,815

Total                                                        $553,000                       $42,853

Refer to the MACRS depreciation table

and we used the half year convention

5 0
3 years ago
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