Answer:
Collision
uninsured motorist
comprehensive
liability coverage
Explanation:
From the question, we are informed about Abraham who has just purchased his first car. His bank, First State Bank, loaned him the money to buy the car and has required him to purchase insurance to protect the car as the collateral for the loan. In this case the basic types of coverage Abraham should buy to satisfy the bank requirement and to best protect himself from the risks of operating an automobile are;
✓ uninsured motorist
✓comprehensive
✓liability coverage
Insurance is very essential in protecting an individual or firm from any form of financial loss, it can be regarded as a kind of risk management and it is way to avoid uncertain loss. Then if Adam could buy the coverage he will be protected from loss in future.
Answer:
C) AccuroDisk creates a greater economic value than TD Storage.
Explanation:
Economic value can be defined as the value added by a producer of a good and it is measured by the maximum amount that consumers are willing to pay for that good minus the costs of production.
AccuroDisk economic value = $47 - $32 = $15
TD Storage economic value = $50 - $37 = $13
Answer:
The answer is True.
Explanation:
From the description, it seems that World Extraction Corp is behaving in a socially responsible way – even though its stakeholders might not have the same view. Though in the long run, a company which behaves in socially responsible manner might accumulate enough goodwill from the society around it to be perceived with a good reputation, stakeholders who do not fit the company’s vision might end up being detrimental to the company’s business.
<span>lower-of-cost-or-market
It is inconsistent because losses are recognized but not gains.
b. It usually understates assets.
c. It can increase future income.
"market" in the lower-of-cost-or-market rule be more than
estimated selling price in the ordinary course of business less reasonably predictable costs of completion and disposal.
Designated market value
is always the middle value of replacement cost, net realizable value, and net realizable value less a normal profit margin
Lower-of-cost-or-market is most conservative if applied to individual items of inventory.
the rationale behind the ceiling when applying the lower-of-cost-or-market method to inventory is to prevent overstatement of the value of obsolete or damaged inventories.</span>
