1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
4vir4ik [10]
3 years ago
13

John Smith owns a bookstore that is covered under an unendorsed Commercial General Liability (CGL) Coverage Form. A customer fal

ls in the store resulting in a covered lawsuit against Smith. Smith is asked to testify in court by the defense attorney; Smith incurs $500 in lost earnings for the one day trial. The supplementary payments section of Smith's CGL policy will ___________.
Business
1 answer:
aalyn [17]3 years ago
6 0

Answer:

cover $250 of John's lost earnings.

Explanation:

Commercial general liability (CGL) coverage refers to an insurance policy that covers a business from personal injuries and property damage caused by normal business operations, the products sold, or that happen within the business's facility, store, office, etc.

The supplementary payments provision of the CGL policy covers up to 50% of any losses incurred by the insured for assisting a legal investigation or legal case related to an incident covered by the CGL policy.

Since John incurred in $500 in lost earnings for going to the trial, the supplementary payments provision will cover $500 x 50% = $250 of his losses.

You might be interested in
When a manager identifies an opportunity, he or she generates alternatives to pursue the opportunity, selects one of them, imple
Svet_ta [14]

Answer:

The correct answer is (A)

Explanation:

Managers are frequently called upon to make decisions. Making a decision is critically important for the success of a business; that is why it is crucial to evaluate the choices in detail. Examining the pro and cons of a decision leads towards a better conclusion. Decision-making process involves various steps, such as identifying, gathering information, choosing from alternatives, implementing the decision, and lastly to analyse the results.

6 0
3 years ago
All of the following qualitative considerations may impact upon capital investment analysis except a.market opportunities b.manu
Murljashka [212]

All of the following qualitative considerations may impact upon capital investment analysis except manufacturing sunk cost .

Option c

<u> Explanation: </u>

In a manufacturing setup or any business environment Capital investment plays a major role. To do the long term investment and to assess the profitability the company will do a budgeting procedure is called the capital investment analysis.

The assessment of fixed assets like equipment, machines of a manufacturing sector is done by the capital investment analysis. From the above the manufacturing sunk cost is not considered for the analysis because it the money which has spent already that cannot be recovered.

4 0
3 years ago
As a system goes from state to state , its entropy decreases. What can you say about the number of microstates corresponding to
hram777 [196]

Answer:

B. A has more microstates than B.

Explanation:

Since on going from state A to state B the entropy is decreasing, that is the freedom of movement and the number of ways of arrangement is decreasing and thereby the number of microstates also decreases.  

Therefore, A has more microstates than B.

4 0
2 years ago
The current liability for Wages Payable (or Accrued Payroll) represents the:
Rainbow [258]

Answer:

2.

Explanation:

The current liability for Wages Payable (or Accrued Payroll) represents the net pay earned by employees for which they have not yet been paid. This amount  is entered into the company's balance sheet as a entry that is being adjusted and is then changed at the end of the month as a current liability that the company needs to pay.

4 0
3 years ago
At December 31, 2018, Atlanta Company has an equity portfolio valued at $160,000. Its cost was $132,000. If the Securities Fair
krek1111 [17]

Answer:

The Journal entry is as follows:

Fair value adjustment A/c       Dr. $20,000

To unrealized holding gain or loss-income    $20,000

(To record the adjustment)

Workings:

Ending balance = equity portfolio value - cost

                          = $160,000 - $132,000

                          = $28,000

Necessary Adjustment = Ending balance - Beginning balance

                                      = $28,000 - $8,000

                                      = $20,000

5 0
3 years ago
Other questions:
  • On January 1, 2014 the Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $30,000 and $500, respect
    15·1 answer
  • A firm has fixed assets of $28,000, long-term debt of $12,000, current liabilities of $4,000, current assets of $5,000 and equit
    8·1 answer
  • After developing a computer locking system, Caffrey Computer Corp. worked out a licensing deal with Chicago Desktop (a potential
    8·1 answer
  • Simentec Inc., a tech support company, hasover 150 employees working infive countries. The company allows workers to work from a
    14·1 answer
  • A roofing company collects fees when jobs are complete. The work for one customer, whose job was bid at $3,900, has been complet
    11·1 answer
  • The situation where the quantity supplied of a good is greater than the quantity demanded at
    15·1 answer
  • Which of the following in not an example for safeguarding inventory? Group of answer choices Matching receiving documents, purch
    9·1 answer
  • Câu 1 Bản chất của quản trị chiến lược là phác thảo hình ảnh tương lai của doanh nghiệp trong lĩnh vực hoạt động trên cơ sở khai
    9·1 answer
  • The demand for seats in 10 a.m. classes at the College of the Canyons is higher than the demand for seats in 8 a.m. classes. The
    10·1 answer
  • a treasury bill has a face value of $65,000, an asked yield of 3.05%, and matures in 60 days. what is the price of this bill?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!