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Nonamiya [84]
3 years ago
6

Your home insurance provides for replacement value for personal property losses. A microwave is stolen. It cost $258 two years a

go and has an expected life of six years. A comparable microwave costs $366 today. What amount will the insurance company pay
Business
1 answer:
Bogdan [553]3 years ago
8 0

Answer: $366

Explanation:

Replacement Cost Coverage refers to the valuation methods for the establishment of the value of an insured property which is used in knowing the amount that an insurer will

have to pay in case there is a loss and in such case, the insurance company will have to pay the costs at the present price to replace the damaged product.

Since the comparable microwave costs $366 today, therefore the insurance company will pay $366.

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When the price of a good increases, the quantity demanded ______. when the price of a good decreases, the quantity demanded?
VLD [36.1K]
When the price of a good increases, the quantity demanded decreases. When the price of a good decreases, the quantity demanded increases.
4 0
3 years ago
Consumers' differing tastes are one reason why monopolistic:____.
ikadub [295]

Answer:

d) competitors are similar to monopolists.

Explanation:

Monopolistic competition refers to a condition of the market in which it connects with various irms that are closely linked to each other but sell distinct products.

Also, there is free entry and exit in this market

In case when consumer taste and preferences are different so the monopolistic competitors are the same as the monopolist

hence, the correct option is d.

5 0
3 years ago
michael was on the abc accounting firm's audit team for the rasmussen corporation audit. rasmussen's officers were so impressed
nirvana33 [79]

In order to preserve independence, Michael must "Remove himself from the engagement as he considers the offer." (Option B). It is to be noted that this is an internal control problem.

<h3>What is Independence in this case?</h3>

The absence of situations that jeopardize the internal audit activity's capacity to carry out internal audit tasks objectively is called Independence.

Practically, independence is achieved by ensuring that the internal audit activity has no management control for any of the organization's non-audit functions that are subject to internal audit assessments, and by distancing the internal audit activity's management from the functional oversight of the organization's senior management.

Learn more about internal control:
brainly.com/question/26398073
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Full Question:

Michael was on the ABC Accounting Firm's audit team for the Rasmussen Corporation audit. Rasmussen's officers were so impressed with Michael that they offered him a job as Director of Internal Audit at Rasmussen. What should Michael do in order to preserve independence?

A) Tell his superiors as soon as he has decided whether or not to accept the offer.

B) Remove himself from the engagement as he considers the offer.

C) Pray for divine guidance.

D) If he decides to reject the offer, remove himself permanently from the engagement.

6 0
2 years ago
Which of the following is a microeconomic topic? A) the unemployment rate of the United. States economy as a whole. B) the rate
NikAS [45]

Answer:

The correct answer is C, the advertising strategy of a particular company.

Explanation:

Option is about the rate of prices increase in Brazil as whole,hence that involves the households,the businesses and the government, it is a macroeconomic topic

The increase in the national income of the United States over the past three months is also a macroeconomic topic as it involves the activities of the government of US as well as businesses and private individuals.

The unemployment rate focused on the proportion of the able population who are not gainfully employed in the economy as a whole is also a macroeconomic topic

8 0
3 years ago
Read 2 more answers
Apply your understanding of the previous key terms by completing the following scenario with the appropriate terminology.
Vikki [24]

Answer:

Appropriate Terminology

a. If Kevin's boss is interested in a graphical presentation of the relationship between the price and quantity of televisions supplied, you would advise your coworker to construct -------- using the data provided.

bar chart or histogram

b. However, if Kevin's boss is more interested in the detailed numbers used to construct this visual representation, you would instead advise your coworker that a -------- would be more appropriate.

table

Explanation:

A bar chart or graph represents categorical data with rectangular bars.  It can be used to visualize data distributions, compare data groups, and to track periodic changes in data.  Tables are versatile organization tools that can communicate information with or without the use of other graphical tools.

4 0
2 years ago
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