Insurance policies are not drawn up through negotiations, and an insured has little to say about its provisions. What contract characteristic does this describe

Answers

Answer 1

The characteristics of a contract that's illustrated by the insurance is known as adhesion.

What is an insurance?

It should be noted that an insurance simply means a form of protection against risk management.

In this case, the fact that Insurance policies are not drawn up through negotiations, and an insured has little to say about its provisions is known as adhesion.

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Related Questions

Economists define and measure economic growth as ______.

Answers

Answer:

Economists define economic growth as an increase in real GDP occurring over some time period or an increase in real GDP per capita occurring over some time period.

Using LIFO, the cost of goods sold for the sale of 23 units on August 30 is ____ and the inventory balance at August 30 is _____.

Answers

LIFO is an inventory method where the costs for the most recent goods bought are the first to be expensed.

What is LIFO?

Your information is incomplete. Therefore, an overview will be given. LIFO simply means last in, first out.

LIFO is simply a method that is used to account for inventory. Under LIFO, it should be noted that the costs for the most recent goods bought are the first to be expensed.

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For the pizza seller whose marginal, average variable, and average total cost curves are shown in the graph below, what is the profit-maximizing level of output and how much profit will this producer earn if the price of pizza is $2. 50 per slice?.

Answers

Based on the prize of the pizza and the profit maximizing level, the profit at this point would be $550.

What would be the profit?

First find the profit maximizing point which is:

Price = Marginal cost

At a price and marginal cost of $2.50, the quantity sold is 550 slices.

The profit is therefore:

= (price x quantity) - Average cost x Quantity

= (2.50 x 550) - (1.50 x 550)

= $550

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Jenna began the year with a tax basis of $26,000 in her partnership interest. Her share of partnership debt consists of $8,000 of recourse debt and $15,000 of nonrecourse debt at the beginning of the year and $8,000 of recourse debt and $20,000 of nonrecourse debt at the end of the year. During the year, she was allocated $44,000 of partnership ordinary business loss. Jenna does not materially participate in this partnership, and she has $7,000 of passive income from other sources. A) How much of Jenna’s loss is limited by her tax basis?

B) How much of Jenna’s loss is further limited by her at-risk amount?

C) How much of Jenna’s loss is further limited by the passive activity loss rules?

Answers

The amount of loss limited by Jenna’s tax basis is $18,000; the amount of Jenna’s loss that is further limited by her at-risk amount is $15,000; and the amount of Jenna’s loss that is further limited by the passive activity loss rules is $4,000.

Calculations of The Amount of Loss Limited Tax Basis, At-Risk Amount, and Passive Activity Loss Rules

A) The amount of loss limited by Jenna’s tax basis can be calculated as follows:

Amount of loss limited by Jenna’s tax basis = Loss allocated to Jena – Jena’s Tax Basis

Amount of loss limited by Jenna’s tax basis = $44,000 - $26,000

Amount of loss limited by Jenna’s tax basis = $18,000

B) The amount of Jenna’s loss that is further limited by her at-risk amount can be calculated as follows:

Amount of Jenna’s loss that is further limited by her at-risk amount = At-risk limitation - Amount of loss limited by Jenna’s tax basis ……………… (1)

Where:

At-risk limitation = Loss allocated to Jena – At-risk amount limitation = Loss allocated to Jena - (Tax basis – Nonrecourse Debt) = $44,000 - ($26,000 - $15,000) = $33,000

Substituting the relevant values into equation (1), we have:

Amount of Jenna’s loss that is further limited by her at-risk amount = $33,000 - $18,000 = $15,000

C) The amount of Jenna’s loss that is further limited by the passive activity loss rules can be calculated as follows:

Amount of Jenna’s loss that is further limited by the passive activity loss rules = At-risk amount limitation - Passive income = Tax basis – Nonrecourse Debt) – Passive income = ($26,000 - $15,000) - $7,000 = $4,000

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The three primary reasons startups need funding are _____.
A. cash flow challenges, capital investments, and lengthy product development cycles
B. business research, cash flow challenges, and costs associated with building a brand
C. bonuses for members of the new venture team, attorney fees, and lengthy product development cycles
D. attorney fees, capital investments, and marketing research
E. bonuses for members of the new venture team, marketing research, and personnel costs

Answers

The three key reasons startups require funding are attorney fees, capital investments, and marketing research.

What is a Start-up?

A startup is a company that is still in its initial stage of operation. The initial stages of operation require significant investment in attorney fees, Capital investment, and marketing research.

In most cases, a startup is created by one or more entrepreneurs who have a vision or a goal to solve a business problem.

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Because of Sarbanes-Oxley, publicly traded companies must develop _____ to assist in maintaining transparency in financial reporting.
a. accountants
b. legal counsel
c. ethics officers
d. ethics programs
e. codes of ethics

Answers

a. accountants

that's the answer, hope it helps

The term used to describe a debt secured by a bidder for the purpose of providing a guarantee that the successful bidder will accept the contract once awarded, is known as.

Answers

A bid bond is a debt secured by a bidder for the purpose of providing a guarantee that the successful bidder will accept the contract once awarded.

What is a bid bond?

A bid bond is a guarantee that ensures that approved bidded contractors starts and  finishes a job. This type is usually called a construction bond aimed at protecting  the owner or developer usually in a construction bidding process.

With this bid bond, the successful bidder will know that the developer is under a   financial security and will ensure he follows due processes according to the contract.

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Strategic business units that compete in a low-growth market but hold considerable market share are called ________. Their earnings and cash flows are high and stable.

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Strategic business units that compete in a low-growth market but hold considerable market share are called Cash Cows because their earnings and cash flows are high and stable.

What is the Cash Cow?

The cash cow is a quadrant in the BCG matrix that shows that a unit has a consistently profitable business and possesses the following characteristics:

Competes in a low-growth market.Holds considerable market share.High and stable cash flows and earnings.

Thus, the strategic business unit with the above characteristics is a cash cow.

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Suppose the demand for books goes down when the price of video games goes down. We can say that these two goods are

Answers

Answer:

jointly demand because with the absence one the other can not be used

Daniel is writing a letter to the editor of the local newspaper. He is encouraging citizens to join him in expressing his like of city funds supporting a local nonprofit organization. Daniel is ______. lobbying controlling advocating advertising

Answers

Daniel is B. advocating by writing a letter to the editor of the local newspaper, encouraging citizens to express their like of city funds for the support of a local nonprofit organization.

What is advocating?

Advocating is a public recommendation.  It is different from lobbying, controlling, or advertising.

Thus, since Daniel is using his letter to the editor of the local newspaper to encourage other citizens to support his views, he is engaged in advocacy.

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Klaus, a German citizen and non-resident for US tax purposes, owns a small business in New York City that imports and sells accessories for various German-manufactured automobiles. Once a month, the business pays its net profits back to Klaus in Germany. The income from this business will be classified as:____.
a. effectively connected income.
b. fixed and determinable.
c. annual or periodic income.

Answers

The answer is (a.) effectively connected income

A bond is selling for 95% of par and has an annual coupon rate of 6% and will mature in five years. There are semi-annual coupon payments. Calculate the yield-to-maturity on an annualized basis (APR)

Answers

Based on the selling price, the coupon rate, and the period, the yield to maturity will be 7.2%.

What is the yield to maturity?

This can be found using a financial calculator or Excel worksheet.

Face value = 95% x 1,000

= $950

Coupon amount = 1,000 x 6% / 2 semi annual periods per year

= $30

Period = 5 years x 2

= 10 semi annual periods

Yield to maturity is = 3.6%

Annual yield to maturity:

= 3.6% x 2

= 7.2%

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Which of these is not a benefit of working as a team? a. Improved morale b. Increased productivity c. Improved communication d. Increased personal workload Please select the best answer from the choices provided A B C D.

Answers

The option that is correct about not the benefit of team working is to increased personal workload.

What are the benefits of teamwork?

Teamwork is the process of doing the work with more than one person or employee in the organization. It is mainly used in large organizations to reduce the workload of the employees.

The benefits of teamwork are as follows:

Teamwork increases the productivity of the management.

It makes the work on time.

It improves the morale of all the employees in the organization.

It improved communication power.

It reduced the group workload among the employees.

Therefore, the correct option is D.

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Answer:

D

Explanation:

In two or three sentences, describe how you would use some of the budgeting tools to help manage your money.

Answers

Answer:

Budgeting tools provide notifications and reminders to help us keep track of our spending and savings.

Explanation:

We may use a budgeting program to keep track of how much we spend. Budgeting tools can assist us in reducing undesirable and unneeded spending. It can also help us be more disciplined with our spending and save more money. We may set up notifications or reminders to help us keep track of our spending.

Cala Manufacturing purchases land for $455,000 as part of its plans to build a new plant. The company pays $41,600 to tear down an old building on the lot and $61,496 to fill and level the lot. It also pays construction costs of $1,675,600 for the new building and $105,769 for lighting and paving a parking area.
Prepare a single journal entry to record these costs incurred by Cala, all of which are paid in cash.

Answers

The preparation of a single journal entry to record these costs incurred by Cala Manufacturing is as follows:

Journal Entry:

Debit Land $455,000

Debit Land (Demolition of the old building) $41,600

Debit Land (Filling and leveling the lot) $61,496

Debit Building $1,675,600

Debit Pavement and Parking lot $105,769

Credit Cash $2,339,465

To record the costs incurred for land, building, pavement, and parking lot.

Data Analysis:

Land $455,000

Land (Demolition of the old building) $41,600

Land (Filling and leveling the lot) $61,496

Building $1,675,600

Pavement and Parking lot $105,769

Cash $2,339,465

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Steve Jobs, the founder of Apple, was asked to come back as
Chief Executive in 1997 when the business was making a loss.
Jobs was appointed provide a clearer vision for the business
and to improve its profitability. How easy is it for a Chief
Executive to change a struggling business into a more successful
one? Justify your answer with reference to Apple and/or other
organisations you know.

Answers

There have been many different companies in the past which have suffered from internal / external problems. However they have also recovered because of critical decision-making and also because of strong leaders who have also the skill of being potential visionaries and mavericks. Steve jobs had been replaced by John sculley (who was…show more content…
Howard Schultz and Steve jobs would have taken an authoritarian approach towards the situation their company was in. Their experience and strong-minded will would have led them into taking those essential decisions.

Any large company should have contingency plans, which will enable them to recover from a sudden crisis whether internal or external. The chief executive should have a vision initially created which enables the managers to use and employ in the business. They should be responsible for planning, organising, coordinating and monitoring. However with any firm, a crisis may occur and cause the overall downfall of the company. Some adversities cannot be foreseen e.g. external changes such as social taste, economic negative growth and environmental concerns. It’s relatively easier to deal with internal problems rather than external. Another example of a leader who changed a company’s future is Sir Terry Leahy – Former CEO of Tesco supermarkets. His company struggled previously because there was heavy competition from the 2 main oligopolies – Marks and Spencers and Sainsburys. Under his leadership, Sales quadrupled & Profit levels increased by 6 times to 3.2 Billion in 2010. He had 10 principles which made him a great leader however all his main principles relied upon: goals and corporate objectives for the company, employee well-being and customer satisfaction.
He
Get Access

the part of mosquito i
s called​

Answers

Answer:

thorax is the part of mosquitoes

Which sentence best completes the diagram?

A. Investors are more likely to purchase bonds.
B. Investors are less likely to purchase bonds.
C. Banks are less likely to lend money.
D. Banks are more likely to lend money.

Answers

When a central bank raises interest rates on reserves, C. Banks are less likely to lend money.

What are the effects of increased interest rates on reserves?

Increased interest rates affect reserves by discouraging banks from lending.

When interest rates increase, they cause:

A decrease in inflationGoods and services become more expensiveBorrowing money becomes more costly.

Thus, when a central bank raises interest rates on reserves, C. Banks are less likely to lend money.

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#SPJ1

A goal of management is to increase a company's ______, while a goal of labor unions is to provide a fair share of profits to their ______.

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A goal of management is to increase a company's profit, while a goal of labor unions is to provide a fair share of profits to their members.

What is profit?

Profit can be defined as gain, especially when achieved by increasing the price of goods. This means that money paid by consumers outweighs the cost for the producer, leaving a sizeable return on what has been paid out.

Once expenses and costs have been covered, profit is the money left over.

Hence, the goal of management is to increase a company's profit, while a goal of labor unions is to provide a fair share of profits to their members.

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Answer:

profit ; members

Explanation:

True or false: Poorly written scope statements for new technology lead to errors in estimating times and costs.

Answers

True
hope this helps you

Francesca Brown has a life insurance policy that provides her with protection for the next five years. However, she can get five more years of protection at the end of this term without having to have a medical examination because she will be less than 70 years old at that time. Her premiums will rise during each five-year period. What type of term life insurance does Francesca likely have

Answers

Answer:

RENEWABLE TERM INSURANCE

Explanation:

Which resource management activity identifies and verifies?.

Answers

Answer:

different kinds of buisness vary

Explanation:

In its financial statements, Pulham Corp. uses the equity method of accounting for its 30% ownership of Angles Corp. At December 31, Year 2, Pulham has a receivable from Angles. How should the receivable be reported in Pulham's Year 2 financial statements

Answers

The receivable be reported in Pulham's Year 2 financial statements as: The total receivable should be disclosed separately.

What is receivable?

Receivable is the money a company is yet to receive or  is expected to receive from their clients or customers for service they render to their client.

Since at the end of December 31, Year 2, Pulham has a receivable from Angles therefore the total receivable should be recorded and disclosed separately in Pulham's Year 2 financial statements.

Inconclusion the total receivable should be disclosed separately.

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Credit bureaus report credit information in order to:
A. educate the public about interest rates.
B. help lenders make informed decisions.
C. help borrowers choose a lender.
D. help borrowers find easy credit.
SUBMIT

Answers

Answer:

A. educate the public about interest rates.

Answer: b. help lenders make informed decisions.

Explanation:

i took the quiz.

How to calculate working days in excel excluding weekends and holidays.

Answers

Answer:

To add days excluding weekends, you can do as below: Select a blank cell and type this formula =WORKDAY(A2,B2), and press Enter key to get result. Tip: In the formula, A2 is the start date, B2 is the days you want to add. Now the end date which add 45 business days excluding weekends has been shown.

Give any two reasons for the existence of the public sector

Answers

Answer:

to earn government revenue

to create employment

how can community participation benefits south african ?​

Answers

Answer:

Participa- tory or community-driven development is advocated on the basis that, among other advantages, it can reduce information problems for development planners and beneficiaries, increase the resources available to poor people

The customer segment known as ______ enjoy testing product prototypes and providing voluntary feedback that companies use to perfect their products.

Answers

Technology enthusiasts enjoy testing prototypes and providing feedback.

What is a customer segment?

These are groups of customers that share common characteristics. Customers are classified based on criteria such as:

AgeNationalityPreferencesMarital statusOccupation

What are technology enthusiasts?

This customer segment refers to customers that enjoy technology, due to this, these customers:

Prefer innovative products.Love to try new prototypes.Provide feedback to improve technology.

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What is the purpose of a 1098 tax form?

Answers

Answer: This form is used to report mortgage interest paid for the year. Also, lenders are required to issue Form 1098 when a homeowner has paid $600 or more in mortgage interest during the tax year.

Hope this helps!

Answer:

Form 1098 is used to report mortgage interest paid for the year. Lenders are required to issue Form 1098 when a homeowner has paid $600 or more in mortgage interest during the tax year. To deduct mortgage interest, you must be the primary borrower on the loan, and be actively making payments.

Explanation:

Prices for common vegetables tend to be elastic. Why?.

Answers

Demand elasticity is the extent to which a change in price causes a change in the quantity demanded. Prices for common vegetables tend to be elastic. Why? because other vegetables are available.

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