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laila [671]
3 years ago
11

What is the term for how much the insurance company will pay?

Business
2 answers:
ELEN [110]3 years ago
8 0
C coverage because 12 right
Annette [7]3 years ago
4 0
C coverage because it’s money to pay for the accident etc.
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The following legal claims exist for Huprey Co. Identify the accounting treatment for each claim as either (a) a liability that
Deffense [45]

Answer:

Huprey Co.

Identifying the accounting treatment for each claim as either (a) a liability that is recorded or (b) an item described in notes to its financial statements:

1. Huprey (defendant) estimates that a pending lawsuit could result in damages of $1,550,000; it is unlikely that the plaintiff will win the case.a. A liability that is recorded.

b. An item described in notes to its financial statements.

2. Huprey faces a loss on a pending lawsuit that it is unlikely to lose; the amount is reasonably estimable.

a. An item described in notes to its financial statements. b. A liability that is recorded.

3. Huprey faces a probable loss on a pending lawsuit; the amount is reasonably estimable.a. An item described in notes to its financial statements.

b. A liability that is recorded.

Explanation:

Huprey Co. will recognize and record contingent liabilities in its accounts when it can be reasonably established that the future event will occur and the amount of the liability can be reasonably estimated. The implication is that Huprey Co. must establish two things before a contingent liability is recognized and recorded.  One is that the probability or the likelihood or the chance that the event will happen exists and can be estimated.  With the probability estimate, it becomes possible for Huprey Co. to also estimate the amount that the happening of the event will cost it.

4 0
3 years ago
Barney bought a small retail business a month ago. He plans to advertise it with the help of billboards and flyers to attract cu
disa [49]

Answer:

The answer is A. non-operating expense

Explanation:

As he operates a retail shop, such advertising is vital to attract customers to the shops and to make potential sales. We can't treat this expenses as administration or production expenses.

We consider this as non operational because advertising is not an operational part of the operations of a retail business. Moreover, we can't consider it as selling expenses because they are mostly incurred during the sales process.

6 0
3 years ago
Which of the following equations is true? Select one: a. Contribution margin = Sales revenue × Variable cost ratio b. Contributi
m_a_m_a [10]

Answer: c. Contribution margin ratio = 1 − Variable cost ratio

Explanation:

The Contribution margin ratio is defined as the difference between the sales price of a good and it's variable costs. It is expressed as a percentage.

The formula is,

Contribution Margin Ratio = Sales - Variable Costs / Sales

Breaking the formula down further we have,

Contribution Margin Ratio = Sales/ Sales - Variable Costs / Sales

Contribution Margin Ratio = 1 - Variable Costs / Sales

Variable Cost/Sales is the Variable Cost Ratio.

So Option C is correct.

5 0
3 years ago
The strategy of convincing a customer to buy a higher-priced item than he or she had originally intended is called
Sauron [17]
It's called an upselling

It's a common technique that a salesman/ marketing team use to increase profit with promise that the customer will get a better product or service

The example of an upselling is when you want to buy a cheap house, but the salesman manage to convinced you that buying another expensive house is good for your investment, and you buy the expensive one instead.


5 0
3 years ago
HELPP on question 10
Lynna [10]

Answer:

land?

Explanation:

4 0
3 years ago
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