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labwork [276]
2 years ago
7

Match each type of business insurance with its description.

Business
1 answer:
ser-zykov [4K]2 years ago
8 0

Answer:

insurance against leakage or pilferage of critical and confidential data - data theft insurance

insurance against commercial property damage due to events such as fire, floods, storms, or earthquakes - property insurance

insurance against damage to company vehicles and injury or loss of life due to company vehicles - commercial auto insurance

insurance against severe loss of life or money due to one’s professional negligence or malpractice - professional liability insurance

Explanation:

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Heather Oak is trying to prepare a personal budget and has identified the following list of monthly costs. Identify each cost as
worty [1.4K]

Answer:

Cost                     Nature            Cost driver

Rent                     Fixed                Area per ft

Utilities                 Variable             Units used per activity

Car Payment        Variable             Km. run

Cell phone bill      Variable             Charges peer min of usage

Gasoline               Variable             Usage per in ltr.

Cable Bill              Fixed                 Number of connected devices

Groceries             Variable               Usage per day

Dining Out            Variable              Number of days dined out

7 0
3 years ago
Malone Co. owned 70% of Bernard Corp.'s common stock. During November 2021, Bernard sold merchandise to Malone for $150,000. At
elena-14-01-66 [18.8K]

Answer:

$18,000

Explanation:

Calculation to determine what The amount of intra-entity gross profit remaining in ending inventory at December 31, 2021 that should be eliminated in the consolidation process is:.

Using this formula

Intra-Entity Gross Profit =(Transfer Price × Percentage of Bernard's GP) × Intra-Entity Transfers Remaining in Ending Inventory

Let plug in the formula

Intra-Entity Gross Profit=($150,000×30% )×40%

Intra-Entity Gross Profit=$45,000×40%

Intra-Entity Gross Profit=$18,000

Therefore The amount of intra-entity gross profit remaining in ending inventory at December 31, 2021 that should be eliminated in the consolidation process is:$18,000

6 0
2 years ago
Today most state corporate statutes are at least partially based on the . A corporation is an artificial being, existing only in
I am Lyosha [343]

Answer:

The correct word for the blank space is: Revised Model Business Corporation Act.

Explanation:

The United States corporate laws are regulated by the Model Business Corporation Act (MBCA). The Act was born as a need for disambiguation of liabilities incurred by corporations where it was not clear if owners were personally liable for debts of the organization. Nowadays, the Revised Model Business Corporation Act (RMBCA) rules that concept and adopted some other features to bring clarity when it comes to corporate obligations.

8 0
3 years ago
For each of the following corporate formations, (1) write the amount of gain or loss that will be recognized by the shareholders
Maslowich

Answer:

Back Stop, Inc.

1. The amount of gain or loss that will be recognized by the company:

a. $30,000 gain

b. $80,000 loss

2. The corporation's basis in the property after the transfer:

a. $150,000

b. ($80,000)

Explanation:

1) Data and Calculations:

a. Building $150,000 Capital, Kelly $120,000 Unrealized gain $30,000

b. Unrealized loss $80,000 Capital, Kelly $80,000

2) The building contributed by Kelly is worth $150,000 for the corporation.  However, the contribution by John is worth nothing in real terms.  Instead, an unrealized loss is being suffered by the corporation.

3 0
2 years ago
Norwegian Cruises is a company that owns and manages a large fleet of ships used primarily for cruises along Norwegian fjords. F
Bezzdna [24]

Answer:

Explanation:

hsjeneuejene

4 0
2 years ago
Read 2 more answers
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