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Zanzabum
3 years ago
12

Mention any five essential elements required for insurance contract​

Business
1 answer:
tatyana61 [14]3 years ago
4 0

Answer:

These elements are definable risk, a fortuitous event, an insurable interest, risk shifting and risk distribution. in addition, there is a very important legal difference between a reserve and an insurance company.

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During May, Salinger Company accumulated 740 hours of direct labor costs on Job 200 and 900 hours on Job 305. The total direct l
Molodets [167]

Answer:

May

Dr Work in Process $35,500

Cr Wages Payable $35,500

Explanation:

Preparation of the Journal entry to record the flow of labor costs into production during May

Based on the information given the Journal entry to record the flow of labor costs into production during May will be :

May

Dr Work in Process $35,500

Cr Wages Payable $35,500

Calculated as:

Labor costs = (740*20)+(900*23)

Labor costs=14,800+20,700

Labor costs=$35,500

4 0
3 years ago
Why would a home or facility choose pre-plated or family-style meals? What are the benefits and drawbacks of each?
Gekata [30.6K]

Answer:

It has to do with cost, portion control and child personality training

Explanation:

1. Portion Control: Parents often give their children so much more to eat than they can, when meals are presented pre-plated and this can lead to waste, which would have been avoided in a family-style meal where each child can pick for themselves as much as they know they can eat.

2. Cost Control: Pre-plated meals because of their nature of already-defined-portions could help parents budgeting as against when children begin to pick so much more portions of fish at meal time, than they do vegetables; which can spike the cost of each meal

3. Personality Training: In pre-plated meals, the decision making is in the hands of the parent but in the family style meals, the child is beginning to learn how to make choices and decisions, early enough in life; which have have huge leadership benefits at the work place and personally, later in life.

7 0
4 years ago
The Chinese culture is a tight social framework in which people take care of the members of a broader in group and act loyal to
Dmitriy789 [7]

Answer:

Collectivism

Explanation:

In China is found a highly collectivist culture where individual members of the society act in the interest of the groups and not to satisfy their own personal interests. The unity established by this culture helps them collaborate effectively in large –scale projects and contribute their best towards attaining a better outcome.

The collectivism practiced in china is different from what is seen in most western parts of the world where individuals, rather than groups, are at the center of activities.  

5 0
3 years ago
Unfairly stopping unoffending motorists to protect officers from the ""statistical microscope"" individually or collectively is
Softa [21]

Individually or collectively is referred to as balancing.

Balancing:

  • Bringing two items into agreement; "the checkbook and bank statement reconciliation" reconciliation. Making anything equal or uniform is known as equalization, equalization, or leveling.
  • stable, be steady. position, level, and poise. He counterbalanced his controversial statements with more conventional ones, using words like balance, cancel, offset, even out, even up, counteract, counterpoise, countervail, equalize, neutralize, negate, compensate for, and make up for.
  • Machines require balance to function properly. Machine balancing aids spinning bodies in preventing vibrations, which can cause failure. Heavy machinery and generators are prone to failure, therefore balancing tasks can assist keep equipment from malfunctioning.
  • Just walking across the room or down the block requires good balance. As well as carrying things, getting up from a chair, walking up and down stairs, and even turning to look behind you. And good balance helps avoid falls that could be incapacitating.

Learn more about balancing here brainly.com/question/26227625

#SPJ4

4 0
2 years ago
People in the U.S. state of Iowa eat both corn and potatoes. It is technically possible for farmers to grow both corn and potato
boyakko [2]

Answer:

A. Trade can make everyone better off.

Explanation:

Iowa is probably only producing corn because it has a comparative advantage in the production of corn. By producing only goods it has a comparative advantage in and importing potatoes, both states are benefiting from the trade as the trade gives both states the opportunity to specialise in the production of goods for which they have comparative advantage in production.

I hope my answer helps you.

6 0
3 years ago
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