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oksian1 [2.3K]
3 years ago
10

Mike relocated for work and learned that the region in which he planned to buy a home had many old underground mines. In fact, M

ike might even need to purchase mine subsidence insurance. What might a home inspector flag for Mike if there are any concerns about undermining
Business
1 answer:
4vir4ik [10]3 years ago
8 0

The issue that a home inspector will flag for Mike, given the concerns about a undermining, is the formation of a sinkhole on the property

The reason for the presence of a sinkhole on the property being raised by the home inspector is as follows;

The location Mike intended to buy a home is one with several underground mines, such that Mike could need mine subsidence insurance

A home inspection is an aid that helps a person intending to but a house make more informed decisions about the home under consideration

The function of an home inspector includes the identification of the issues that could possibly arise and the maintenance to be expected on the property, and therefore, the risks and opportunity in the purchase

Among the potential risk that will raised by a home inspector on the property with underground mines include the possibility of a sinkhole on the property

A sinkhole is a surface depression that results due to dissolution of near surface rocks by water draining into cavities under the soil surface, thereby eroding the rock such limestone, underneath, that develops in a manner which is not readily obvious or predictable

Sinkhole are not covered by most homeowner's insurance policy, making the property a money pit

Therefore, the home inspector might flag the likelihood of a sinkhole on the property

Learn more about home insurance and home inspection here;

brainly.com/question/15094642

brainly.com/question/3510562

brainly.com/question/6746753

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When corn prices soared, hog farmers used less corn to feed their pigs. The hog farmers showed a decrease in their:
blsea [12.9K]
They bought less corn, so they showed a decrease in demand.
5 0
3 years ago
When starting a business, more women choose ________ industries that tend to have lower average sales levels.
Zarrin [17]

When starting a business, more women choose service industries that tend to have lower average sales levels. Those industries that do not directly produce tangible things are known as service industries (such as agriculture and manufacturing).  The supply chain is the process through which items generated in the agricultural and manufacturing sectors are delivered to final customers.

Some service industries involved in this process include transportation, wholesale trade, and retail trade. Others are offered straight to customers. These include public administration, health care, education, information services, legal services, and financial services. Everything else falls under the category of service industries, which also includes banking, communications.

To learn more about industries, click here.

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4 0
1 year ago
In economic terms, the long-run monetary benefits of doing business in a country are based on the size of the market, the presen
Nana76 [90]

Gross domestic product is one of the factor that aid the long run monetary benefit in business.

<h3>What is Gross domestic product?</h3>

Gross domestic product refer to the the overall monetary or market value of all thecompleted goods and services that is manufactured within a specific country at a period of time.

It is the overall measure of overall domestic production, it help the to know if the country is okay or not.

It help to estimate the size of the economy.

To calculate, GDP

GDP = Consumption + investment+ government spending + net worth.

Therefore, Gross domestic product is one of the factor that aid the long run monetary benefit in business.

Learn more on Gross domestic product from the link below.

brainly.com/question/1383956

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3 0
2 years ago
In 2007, Wagner Associates appropriated $65,000 of retained earnings to satisfy the restrictive covenant of a loan agreement. Wh
Dmitry [639]

Answer:

The financial statements effects of the appropriation are as follows:

a) Retained Earnings will reduce by $65,000 in the Income Statement and the Balance Sheet.

b) Cash balance will also reduce by $65,000 in the Balance Sheet.

Explanation:

Normally, partnerships can distribute or appropriate their profits according to their partnership agreements.  However, there may be restrictive loan covenants that can specify how much profits partnerships can distribute among the partners.  The purpose of such covenants is to ensure that the ability of the partnership to repay loans are not compromised through profit appropriations.

Financial institutions, therefore, to secure the loans advanced to businesses may include restrictive covenants.  Some restrictive covenants may specify the minimum cash balance to maintain.  Restrictive covenants, generally, remain measures to overcome unwanted business outcomes.  It is a form of insurance against loan repayments.

8 0
3 years ago
Read 2 more answers
During 2017 the inflation rate increased slightly but remained in the​ "comfort zone" and the unemployment rate was low. Why mig
goblinko [34]

Answer:B It thought that unemployment was a greater problem than the rising inflation rate

Explanation:

Inflation is the continuous rise in price of goods and services which is as a result of large volume of money in circulation used for the few available goods and services.

Unemployment is a situation where all that are willing and capable of being employed are unable to get employment.

In the above scenario lowering Interest rates will increase the volume of money in circulation which will invariably increase inflation and we equally increase level of investment as the cost of fund will be cheaper thereby lowering unemployment.

This action means unemployment is of greater problem than rising inflation.

It does not mean inflation is of more concern than unemployment otherwise it will have increase the interest rate, it will make loanable fund demanded to exceed supply and the quantity of money in supply will increase.

7 0
3 years ago
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