Answer:
each policy will pay $25,000 of the loss
Explanation:
Based on the scenario being described within the question it can be said that the each policy will pay $25,000 of the loss. This is an equal share for each policy and is due to them having the pro rata liability clause. This clause states that a policy is only liable for an equal percentage of the loss if the insurer has other policies from other companies. As in this case.
Answer: indenture
Explanation:
The bond indenture is a legal contract that or covers a purchase obligation or a debt.
Therefore, the legal document identifying the rights and obligations of both the bondholders and the issuer is called the bond indenture. This document describes the number of bonds authorized, their par value, and the contract interest rate.
ROI is the answer to this question. ROI or Return of
Investment is when the capital is now gained back and the business computes the
amount of profit during the time the investment was returned. Return of
investment is computed by dividing the benefit of investment over the cost of investment.
Answer:
c. 37,000 units
Explanation:
Calculation to Determine the total equivalent units for direct materials, assuming that the first-in, first-out method is used to cost inventories
Using this formula
Total equivalent units for direct materials= Transferred to finished goods during the month of July + Ending work in process during the month of July - Inventory in process as on July 1
Let plug in the formula
Total equivalent units for direct materials= 37,500 units + 3,500 units - 4,000 units
Total equivalent units for direct materials= 41,000 units - 4,000 units
Total equivalent units for direct materials= 37,000 units
Therefore the total equivalent units for direct materials, assuming that the first-in, first-out method is used to cost inventories is 37,000 units
