The types of insurance that need to be taken by Javier concerning the installation and maintenance of elevators are as follows:
- General liability insurance
- Professional liability insurance
- Worker's compensation insurance
- Commercial property insurance
<h3>What is insurance?</h3>
Insurance is an agreement where the insurance company provides protection to the insured person in respect of the said event as written in the agreement.
The insurance policies to be taken by Javier in respect of its elevator business are as follows:
- General liability insurance: It provides indemnification from the specified risks like injuries, damage to any property, medical bills, etc.
- Professional liability insurance: It provides indemnification amounts to professionals who are good at installing and maintaining elevators.
- Worker's compensation insurance: It gives insurance cover in the form of payments of medical bills, lost wages, disability benefits, etc. to the employees in an injury or illness suffered at the workplace.
- Commercial property insurance: It provides insurance cover for all the goods or property needed to start the elevator business in case of theft, fire, or any natural calamity.
Therefore, the insurance covers relating to General liability, workers' compensation, professional liability, and commercial property have to be taken by Javier before starting the business.
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Answer: (D) Increase in labor productivity
Explanation:
When the labor productivity get increased then, it lead to sustain the long run economical growth. When there is high productivity then, the cost of the product or goods gets lower. When there is increase in the demand then it lead to increase the revenue.
The economical growth is basically refers as when the economy raise the productivity rate then it trend to increase the growth of the national overall result. Technological advancement is one of the important factor in development of the Long run growth.
<span>The cost of TV to the company = $3300
Selling price of TV = $6732
Hence Markup = 6732-3300 = $3432
Percentage Markup
=3432/3300 x 100
=104%
Hence percentage markup cost = 104%</span>
Answer:
A complete record of all transactions in chronological order from which transaction amounts are posted to the ledger accounts.
Explanation:
The general journal is the only entry point for all business transactions in order by date, which later will make its way into the books of accounts of the company. The definition was more appropriate when transactions were written in a journal prior to manually posting them to the accounts in the general ledger or subsidiary ledger.
Answer:
The amount Nenn debited to write off of actual bad debt is $36,000
Explanation:
Allowance for Uncollectible beginning = $200,000
Allowance for Uncollectible at the end = $190,000
Bad debt expense reported = $26,000
Amount Nenn debited to write off of actual bad debt = $200,000 + $26,000 - $190,000 = $36,000
