Assume you are a business consultant. The owner of a company sends you an e-mail expressing concern that the company is not taking advantage of its discounts offered by vendors. The company currently uses the gross method of recording purchases. The owner is considering a review of all invoices and payments form the previous period. Due to the volume of purchased, however, the owner recognizes that this is time-consuming and costly. The owner seeks your advice about monitoring purchase discounts in the future.
Required:
Provide a response in memorandum form.
Answers
Answer:
i have no clue
Explanation: :)
Related Questions
Summarize the different ways someone could earn money by owning a share of Exxon.
Answers
Answer:
its a pretty reliable stock, depends if youre going for long term or short term. It could earn you in the long term, but short term isnt really going to make you hundreds. Tesla is a good bet
Explanation:
There are different ways through which you can earn money through a share, either from Exxon or from any other company. These are by obtaining profits when dividends are declared, short investment, and maintenance of the share in the investment portfolio.
What is a share?A share is the smallest denomination of a corporation's stock. The terms common and preferred refer to different classes of stock in a company. They have different rights and privileges and are priced differently.
Exxon shares can be used to make money in the following ways:
Profits are obtained by collecting dividends, which are sums of money that each company pays to shareholders as a means of distributing profits.When the value of the share in the investment portfolio rises, the shareholder's wealth rises as well.Through the short investment, the goal is to make money by "betting" on the share's value falling.Therefore, some ways of earning money by owning a Exxon share is listed above.
To learn more about share, click here:
https://brainly.com/question/11324917
#SPJ6
QUESTION ONE
ABC Ltd wishes to expand its business. On 31 Dec 2021, the company had
the following existing and proposed capital structures to support the
expansion programme.
1. The existing 8% debt capital has a book value of Ksh 50 000 000 and
matures in 10 years. The market value of debt at the close of business on
31 Dec 2021 was Ksh 40 000 000
2. A ten year loan of Ksh 300 000 000 is to be raised at an interest of 10
percent p.a. A cost of Ksh 20 000 000 will be incurred in raising this loan
3. A 12% preference stock capital stands in the books at Ksh 100 000 000
( 1 000 000 shares) and has a total market value of Ksh 150 000 000.
4. There are 40 000 000 ordinary shares with a current market price of Ksh
1500 each. The firm’s expected earnings per share (EPS) stand at Ksh
200, its growth rate is 6% and has a dividend payout of 60%.
5. The company plans to issue 10 000 000 ordinary shares at a market price
of Ksh 1 500 per share. The cost of floating the shares is estimated at Ksh
10 000 000.
Required:
i) Firm’s current weighted average cost of capital (10 marks)
ii) Firm’s expected weighted average cost of capital after the expansion
programme (i.e. marginal cost of capital) (5 marks)
QUESTION TWO
An investor intends to place Ksh 112,000,000 in the 91 days Treasury bill at a quoted rate/yield of 7.65%
p.a.
Required:
a) Compute the investor’s return, assuming that he is withholding tax-payer
b) Compute the investor’s return, assuming that he is non-withholding taxpayer (6 marks)
Answers
Answer:
rat
Explanation:
Culture clashes frequently happen when ________ within an organization interpret rules differently based on their levels within the organization
Answers
Based on sociological research study, culture clashes frequently happen when subcultures within an organization interpret rules differently based on their levels within the organization.
This is because subculture is a term that is used to describe a group of individuals within a large group, usually within an organization, who share the same characters such as problems and experience that is peculiar to them.
Culture clashes occur when this group of people with similar identity or functions interpret rules or objectives differently based on their statuses within the organization.
Hence, in this case, it is concluded that the correct answer is "Subculture."
Learn more here: https://brainly.com/question/14834768
On November 1, Jasper Company loaned another company $270,000 at a 8.0% interest rate. The note receivable plus interest will not be collected until March 1 of the following year. The company's annual accounting period ends on December 31. The amount of interest revenue that should be reported in the first year is:
Answers
Answer:
The interest revenue that should be reported in the first year, for two months from November to December, on 31 December is $3600.
Explanation:
According to the accrual basis of accounting, the revenues and expenses for a particular period should be recorded in the period to which they relate to rather then when they are received or paid. This means that although the interest will be received on March 1 of the next year, the interest revenue on note receivable for a period of two months from November to December should be recorded in the first year because it has been earned in the first year and it relates to it.
Interest revenue - first year = 270000 * 0.08 * 2/12 = $3600
briefly explain how the decision support system resolved the problems experienced by the railways
Answers
The decision support system improved the efficiency of the railroads, paying special attention to the punctuality and speed of transportation on both passenger and commercial routes. The Indian Railways encounter a number of difficulties, including the failure to ensure train punctuality.
Ticketless transit by passengers, damage to or theft of railroad property, and others. The railways suffer a considerable loss in income as a result. By December 2023, 100% electrification of the broad gauge is the goal. In 2020–21, the speed of freight trains doubled to 46 kmph from 23 kmph in previous years. In January 2019, all unmanned level crossings on the broad gauge were removed.
To learn more about passenger, click here.
https://brainly.com/question/199361
#SPJ1
Does a depression always follow a recession?
Yes, the trough is always considered a depression.
No, a depression is indicated when the recession is exceptionally long.
Yes, for recovery to occur, the trough must be reached.
No, the economy could decline quickly and bypass recession.
Answers
Answer: No, a depression is indicated when the recession is exceptionally long.
Explanation:
Explain I don’t know js copied
Why do you think women occupy so few seats on boards of directors
Answers
Answer:
Women has always been discriminated against forever because of our sex. Men feel they should always be in charge so they should make more money
Discuss how to find a good balance between work and home life and prevent stress or
overload
Answers
Answer:
Play to your strengths. Don't try and be all things to all people. ...
Prioritise your time. ...
Know your peaks and troughs. ...
Plot some personal time. ...
Have set work hours – and stick to them. ...
Find time for your finances. ...
Manage your time, long term. ...
Make your workspace work for you.
BQUESTION NO.1 Two social issues of Pakistan are listed below. You can choose any one of these issues for analysis and recommendations as per the details that follow. Write short, to-the-point answers. No copy-pasting is allowed. If you use any material from any source, give citation. (10 marks). SOCIAL ISSUES 1. Drug abuse 2. Climate change a. Write a short statement defining the issue clearly, that is, what it is, how it is a social issue, and why it is an important issue. (2 mark) 50 words b. List its 5 major causes and describe each cause such that its logical causal relation with the chosen social issue appears quite clear. Make sure that you list causes of the chosen issue, not the effects. (2 mark) 100 words c. Select any three causes and list them separately. For each cause, recommend institution wise solutions (solutions at the level of 2-3 institution for each cause), making sure that your solutions are practical, and you have described the logical steps of their implementation. List each cause as a separate heading and under each cause put the names of social institutions as sub-headings. (6 marks) 200 words usiness
Answers
Answer:
Climate Change
Please mark Brainliest
Explanation:
(a) Climate has always been an important issue for the world, the emission of toxic gasses effects the ozone layer which causes climate change, if the situation is continued the climate change can become severe and unbearable.
(b) - Emission of toxic gases from industries
- Cutting of forests
- Polluting water by disposing waste in water
- High carbon Emission by cars, buses
- Not planting trees
(c)
- High carbon Emission by cars, buses
The cars should semi annually be checked for its carbon emission and only healthy cars and buses should be allowed to be operated.
The cars should be annually checked for carbon emission and the higher the rate of carbon emission the more tax percentage to be paid by the owner of the car/bus, this will encourage the owners to maintain their cars.
(This tax law is practiced by UK)
- Polluting water by disposing waste in water
The waste by Industries should not be disposed in water, instead there should be such machinery which can convert the waste into something usable say for example the machine converts the waste into plastic bricks which can be used to make houses for poor people.
Which of the following is true if you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels?
Answers
If you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels, the Marriott’s Best Rate Guarantee policy comes into effect.
Marriott’s Best Rate Guarantee policy is a commitment to providing the lowest rate possible. If you find a lower rate within 24 hours of booking through one of Marriott’s direct channels, Marriott will match that rate and offer an additional discount of 25%.
This policy applies to any Marriott brand including Ritz-Carlton, St. Regis, Westin, Sheraton, Aloft, and othersYou need to first book your reservation through Marriott’s direct channels like Marriott.com, the Marriott Mobile app, Marriott Bonvoy app, the Marriott Reservation Center, or directly with the hotel.
After that, you should look for lower rates on other third-party websites. If you find a lower rate within 24 hours, contact Marriott’s Customer Care team, and they will match that rate plus an additional discount of 25%.The policy does come with some terms and conditions.
The lower rate you find on the third-party website must be for the same hotel, same room type, same dates, same number of guests, same currency, and with the same booking conditions. It also excludes rates that are only available to members of certain groups or organizations, package rates that include flights, car rentals, and other amenities, and rates that are not available to the general public
For more such question on policy visit:
https://brainly.com/question/6583917
#SPJ8
If a company's scope is too big what is likely to happen?
Answers
Answer:
The company will lose direction and focus.
Explanation: ;)
The Hub Store at a university in eastern Canada is considering purchasing a self-serve checkout machine similar to those used in many grocery stores and other retail outlets. Currently the university pays part-time wages to students totalling $64,000 per year. A self-serve checkout machine would reduce part-time student wages by $44,000 per year. The machine would cost $420,000 and has a 10-year useful life. Total costs of operating the checkout machine would be $6,800 per year, including maintenance. Major maintenance would be needed on the machine in five years at a total cost of $11,800. The salvage value of the checkout machine in 10 years would be $49,000.
The CCA rate is 25%. Management requires a 10% after-tax return on all equipment purchases. The company’s tax rate is 30%.
1. Determine the before-tax net annual cost savings that the new checkout machine will provide.
2-a. Using the data from (1) above and other data from the exercise, compute the checkout machine’s net present value. (Hint: Use Microsoft Excel to calculate the discount factor(s).) (Do not round intermediate calculations and round your final answer to the nearest dollar amount. Negative value should be indicated with minus sign.)
2-b. Would you recommend that the machine be purchased?
Answers
The before-tax net annual cost savings that the new checkout machine will provide is $54,840 per year.
How do you determine the values?To determine the before-tax net annual cost savings that the new checkout machine will provide, we need to calculate the difference between the current part-time student wages and the total operating costs of the checkout machine.
Current part-time student wages: $64,000 per year
Total operating costs of checkout machine: $6,800 per year + $11,800 in five years = $6,800 per year + $2,360 per year
Total savings: $64,000 - ($6,800 + $2,360) = $54,840 per year
2-a. To compute the net present value (NPV) of the checkout machine, we need to use the following formula:
NPV = -Cost of investment + (Annual savings / (1 + Discount rate)^n) + (Salvage value / (1 + Discount rate)^n)
Where n is the number of years, Discount rate is the required rate of return, in this case 10% after-tax, and the salvage value is in the last year.
Cost of investment = $420,000
Annual savings = $54,840
Salvage value = $49,000
Discount rate = 10% after-tax = 10%*(1-30%) = 7%
n = 10 years
NPV = -$420,000 + ($54,840 / (1 + 0.07)^10) + ($49,000 / (1 + 0.07)^10) = -$420,000 + $38,982 + $27,813 = $-353,205
2-b. Based on the NPV calculation, the machine has a negative value so it would not be recommended to purchase. The company will lose money by purchasing it.
Therefore, the correct answer is as given above
learn more about before-tax: https://brainly.com/question/9437038
#SPJ1
Under what circumstances should the quality of a product be sacrificed for the cost or timeliness of production?
Answers
The decision to sacrifice quality for cost or timeliness should be made carefully and thoughtfully, with a clear understanding of the potential consequences and the trade-offs involved.
When can the Quality of Production be Sacrificed for Cost and Timeliness?In general, sacrificing the quality of a product for the sake of cost or timeliness should be avoided as much as possible. This is because a low-quality product can have a negative impact on customer satisfaction, reputation, and even legal liabilities.
However, there may be circumstances where sacrificing quality may be necessary or justified, such as in emergency situations where speed is of the utmost importance, or in industries where the products are low-cost and low-risk.
In such situations, it is important to carefully evaluate the potential consequences of sacrificing quality and weigh them against the benefits of cost or timeliness. It may also be necessary to communicate any quality compromises with stakeholders and customers to manage their expectations.
Learn more about quality of production here: https://brainly.com/question/19264519
#SPJ1
During the course of your examination of the financial statements of Trojan Corporation for the year ended December 31, 2021, you come across several items needing further consideration. Currently, net income is $98,000.
a. An insurance policy covering 12 months was purchased on October 1, 2021, for $22,800. The entire amount was debited to Prepaid Insurance and no adjusting entry was made for this item in 2021.
b. During 2021, the company received a $3,800 cash advance from a customer for services to be performed in 2022. The $3,800 was incorrectly credited to Service Revenue.
c. There were no supplies listed in the balance sheet under assets. However, you discover that supplies costing $2,650 were on hand at December 31, 2021.
d. Trojan borrowed $68,000 from a local bank on September 1, 2021. Principal and interest at 12% will be paid on August 31, 2022. No accrual was made for interest in 2021.
Required:
Using the information in a through d above, determine the proper amount of net income as of December 31, 2021.
Answers
Answer: $88430
Explanation:
Insurance expense for 3 months will be:
= $22,800 x 3/12
= $5700
Interest expense on notes payable/adjustment for interest will be:
= 68,000 x 12% x 4/12
= 68,000 × 0.12 × 0.33
= $2,720
Net income (unadjusted) = 98,000
Less: Adjustment for insurance = 5700
Less: Adjustment for deferred revenue = 3,800
Add: Adjustment for supplies = 2,650
Less: Adjustment for interest = 2,720
Net income (adjusted) = $88,430
Therefore, the net income by December 31, 2021 will be $88,430.
What did you want to do, but did not, for whatever reasons?
Answers
Answer:
wanted to start a business
Explanation:
my parents didn't think I was ready
What should you do if an individual asks you to let her follow you into your controlled space, stating that she left her security badge at her desk?
Answers
Answer:
Don't allow her access into secure areas and report suspicious activity.
Explanation:
Easy question just answer them please!!
Answers
The lesson is about career planning for grade 9 students. The students will learn about the different requirements they need to meet to graduate high school and pursue their desired career paths.
What is the lesson about?The lesson includes instructions on setting up a My Stuff Student Account on the California Career Center website and creating a high school plan that outlines the classes they plan to take at each grade level.
Therefore, the vocabulary words included in the lesson are:
A–G Requirements: A set of courses required for admission as a freshman to California public universities and colleges. Enlistment Requirements: A list of requirements that must be met to join the military.District Requirements: Graduation requirements set by a school district that may differ from one district to another.State of California Graduation Requirements: The minimum set of required courses districts have to include in their graduation requirements, etc.Read more about vocabulary here:
https://brainly.com/question/23936934
#SPJ1
..................................................................x
Answers
Robert is a high school junior who likes studying diseases and medicine but doesn't want to have direct patient contact. He's also very good at computer science and programming and wants to find a college major that combines his two interests. The phrase that describes the scientific discipline that is concerned with the cognitive, information-processing, and communication tasks of the healthcare practice, education, and research, including the information science and technology to support these tasks is:
(A) Health Informatics
(B) HIM
(C) Data Analytics
(D) Epidemiology
Answers
The phrase which best describes the scientific discipline that is concerned with the cognitive, information-processing is:
(A) Health InformaticsWhat is Health Informatics?This refers to the practise of health data management which involves the use if info-processing to manage data and also for the administration and control.
With this in mind, we can see that the name which is given to the scientific discipline which would help Robert to study diseases and not have direct contact with them is Health Informatics.
Read more about Health Informatics here:
https://brainly.com/question/26129038
Trapper Corporation is comparing two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, the company would have 205,000 shares of stock outstanding. Under Plan II, there would be 155,000 shares of stock outstanding and $3.1 million in debt outstanding. The interest rate on the debt is 8 percent, and there are no taxes. What is the break-even EBIT?
Answers
The debt has an interest rate of 8% and there are no taxes. Break-even EBIT is $180,000.
The capital structure is the mix of the sources of money that a corporation uses to sustain its capital. Capital sources include equity, loans, retained earnings, and so on. Firms strive to create a capital structure that has the lowest cost of capital while providing the most value to the firm.
To calculate the break-even EBIT for two distinct capital structures, we set the EPS equations equal and solve for EBIT.
EBIT at break-even is
EBIT / 150,000 = [EBIT - .05 × ($1,200,000)]/100,000
EBIT / 150,000 = [EBIT - 600,000 ] / 100,000
EBIT × 10 = 15 × [EBIT - 600,000]
10 EBIT = 15 EBIT - 9,000,000
15 EBIT - 10 EBIT = 9,000,000
5 EBIT = 9,000,000
EBIT = 9,000,000 / 5
EBIT = $180,000
To know more about EBIT:
https://brainly.com/question/15564479
#SPJ1
Presented here are selected transactions for the Cullumber Company during April. Cullumber uses the perpetual inventory system. April 1 Sold merchandise to Mann Company for $4,200, terms 2/10, n/30. The merchandise sold had a cost of $3,000. 2 Purchased merchandise from Wild Corporation for $8,500, terms 1/10, n/30. 4 Purchased merchandise from Ryan Company for $1,100, n/30. 10 Received payment from Mann Company for purchase of April 1 less appropriate discount. 11 Paid Wild Corporation for April 2 purchase. Journalize the April transactions for Cullumber Company
Answers
Answer:
Cullumber Company
Journal Entries:
April 1 Debit Accounts receivable (Mann Company) $4,200
Credit Sales revenue $4,200
To record the sale of goods on credit terms, 2/10, n/30.
Debit Cost of goods sold $3,000
Credit Inventory $3,000
To record the cost of goods sold.
April 2 Debit Inventory $8,500
Credit Accounts payable (Wild Corporation) $8,500
To record the purchase of goods on credit terms, 1/10, n/30.
April 4 Debit Inventory $1,100
Credit Accounts payable (Ryan Company) $1,100
To record the purchase of goods on credit terms, n/30.
April 10 Debit Cash $4,116
Debit Cash Discounts $84
Credit Accounts receivable (Mann Company) $4,200
To record the receipt of cash on account, including discounts.
April 11 Debit Accounts payable (Wild Corporation) $8,500
Credit Cash $8,415
Credit Cash Discounts $85
To record the payment on account, including discounts.
Explanation:
a) Data and Analysis:
April 1 Accounts receivable (Mann Company) $4,200 Sales revenue $4,200 terms 2/10, n/30.
Cost of goods sold $3,000 Inventory $3,000
April 2 Inventory $8,500 Accounts payable (Wild Corporation) $8,500 terms 1/10, n/30.
April 4 Inventory $1,100 Accounts payable (Ryan Company) $1,100 n/30.
April 10 Cash $4,116 Cash Discounts $84 Accounts receivable (Mann Company) $4,200
April 11 Accounts payable (Wild Corporation) $8,500 Cash $8,415 Cash Discounts $85
The Montgomerys borrowed $107,000 at 7.50% for 30 years to purchase a house. Find the total interest the Montomerys will pay if they pay the loan on schedule. Click the icon to view the monthly payment of principal and interest table. OA. $162,254.80 OB. $149, 158.00 OC. $177,662.80 OD. $168,803.20
Answers
The total interest the Montgomerys will pay if they pay the loan on schedule is approximately $163,072.
To find the total interest the Montgomerys will pay over the course of the loan, we can calculate the monthly payment and then subtract the principal borrowed.
First, we need to calculate the monthly payment using the loan amount, interest rate, and loan term. We can use the formula for calculating the monthly payment on an amortizing loan:
Monthly payment =\(P * r * (1 + r)^n / ((1 + r)^n - 1)\)
Where:
P = Principal amount borrowed = $107,000
r = Monthly interest rate = Annual interest rate / 12 = 7.50% / 12 = 0.625%
n = Total number of payments = 30 years * 12 months/year = 360 months
Plugging in the values, we have:
Monthly payment = $107,000 * 0.00625 * (1 + 0.00625)^360 / ((1 + 0.00625)^360 - 1)
≈ $750.20
The monthly payment of principal and interest is approximately $750.20.
To find the total interest paid, we can multiply the monthly payment by the total number of payments and subtract the principal borrowed:
Total interest paid = (Monthly payment * Total number of payments) - Principal borrowed
= ($750.20 * 360) - $107,000
≈ $270,072 - $107,000
≈ $163,072
Therefore, the total interest the Montgomerys will pay if they pay the loan on schedule is approximately $163,072.
None of the provided answer options match the calculated value. However, based on the calculation, the closest option is OA. $162,254.80.
for more such question on interest visit
https://brainly.com/question/29415701
#SPJ8
Please choose one of following answers that are in quote
What is the opportunity cost in this scenario?
Harry has been very busy at work for the past two weeks. He has been working weekends too. Finally, he is going to get a weekend off. "Originally, he planned to paint his apartment that weekend." "He also considered going fishing for the weekend." "But then his parents called and asked him to come for dinner because it has been a while since they have seen each other."
"Later on, his friend Theo informed him about a surprise birthday party for another friend." Theo plans to reserve a room at a restaurant for the celebration, with the cost to reserve the room split between Theo, Harry, and three other friends.
Now Harry is confused about what he should do over the weekend. He decides that, for him, the most important commitments are going over to his parent's house and attending his friend's birthday party. In the end, Harry decides to see his parents.
Answers
Answer:
it would be better to go the his parents house so it would be cheaper, probably around $10
Explanation:
a trade secret is typically information that contains select answer value. research plans, pricing information, marketing methods, production techniques, and development ideas select answer possible examples of trade secrets. select answer copyright and trademark protection, protection of trade secrets select answer to both ideas and their expression. assessment question
Answers
A trade secret is typically information that contains commercial value. Research plans, pricing information, marketing methods, production techniques, and development ideas are example of trade secret.
What are trade secret?A trade secret means any practice of a company that is generally not known outside of the company. An Information is considered as trade secret because its gives the company a competitive advantage over its competitors and is often a product of internal research and development.
To be legally considered as a trade secret in the United States, a company must make a reasonable effort in concealing the information from the public; these secret must intrinsically have an economic value and the trade secret must contain information.
In conclusion, trade secrets forms part of a company's intellectual property. Unlike a patent, a company;s trade secret is not publicly know.
Read more about trade secrets
brainly.com/question/27034334
#SPJ1
How can not having a checking account become expensive?
Answers
A checking account offers easy access to your money for your daily transactional needs and helps you cash secure.
In today's world it is important to have a checking account, for example in India even in rural areas people have checking accounts, which makes transactions easy and secure and it can become expensive if not have a checking account, for example, if a shopkeeper is not having change and you don't have a checking account then the transaction can become expensive, moreover, you will require to carry cash which will become expensive with less security.
To know more about checking accounts,
https://brainly.com/question/15525383
Distinguish different types of customers and come up with a suitable marketing strategy for each customer. Provide illustrative examples.
Answers
Different types of customers are loyal customers, impulse customers, bargaining customers, and need based customers.
Customers choice and preferences of buying products can vary according to the demands and choices of product, and reliability of producer.Loyal customers: These are those customers who made a commitment for buying of a specific product to the producer. Their frequency of buying products from the same producer is more. Marketing strategy: For loyal customers the producer tries to offer discounts and additional products so that the customer remain in engagement with the producer for long. Impulse customers: These customers simply browse products and services with no purchasing aim. Marketing strategy: These customers can be loyal customers if the products and services meet their expectation which is only possible when the marketer or producer validate that the product is of utmost quality by giving pre-trial before purchase. Need based customers: These customers need a specific product or services on emergency basis. Marketing strategy: Offering attractive discount can help in attracting these customers and preventing competition.Learn more about customers:
https://brainly.com/question/13735743
1. The process of establishing the image or identity of a brand or product so that customers perceive it in a certain way is the definition of which of the following terms?
A. Marketing Strategy,
B. Social Media,
C. Marketing Position,
D. Target market
2. Anton's Coffee positions itself to provide the highest quality and most unique coffee drinks in the area. This is an example of which of the following?
A. Marketing Strategy
B. Social Media
C. Target Market
D. Marketing Postion
Answers
Answer:
Answer of your question is Marketing PositionExplanation:
Market positioning refers to the process of establishing the image or identity of a brand or product so that consumers perceive it in a certain way. For example, a car maker may position itself as a luxury status symbol.Okay favorite Haikyuu character GO!
Answers
can’t choose one ah
Answer:
It's either Iwaizumi or suna- or kenma
Explanation:
JASEISJJEUDJ IT'S HARD TO PICK
38:38
Mark is a college student and frequently needs to either rent a car or borrow his friend's car. Although he doesn't own a car of his own,
he wants to buy himself some liability coverage that would apply whenever he drives someone else's car. Which coverage should Mark get?
Answers
Mark is a college student and frequently needs to either rent a car or borrow his friend's car, Mark should get Non-owner coverage.
Non-owner coverage is non-public vehicles that your business would not own, rent, or lease. Non-owned automobile coverage helps provide legal responsibility and safety if a car you haven't leased, hired, or rented is pushed on your business and is a coincidence.
In case you drive often but do not own an automobile, a non-proprietor insurance policy provides legal responsibility coverage for bodily harm and property harm, which means that it'll cover you if you're answerable for damages or injuries in a coincidence.
Non-owner vehicle coverage is for individuals who sometimes drive an automobile they don't own but need to prove insurance. It affords liability coverage that will pay for accidents and assets that harm our purpose to other humans in a twist of fate. but, it doesn't cowl damage to the automobile you have rented or borrowed, nor for any accidents.
Learn more about Non-owner coverage here:-https://brainly.com/question/14445645
#SPJ9
Product safety has become a hot topic for businesses around the world. The purpose of product safety policies and legislation is to keep consumers safe, with the expectation that product quality is balanced against business profits. How does a company factor these competing expectations and still hold the consumer responsible for safe and effective use of the product
Answers
Answer:
The purpose of product safety policies and legislation is to keep consumers safe, with the expectation that product quality is balanced against business profits. How does a company factor these competing expectations and still hold the consumer responsible for safe and effective use of the product? Product safety is a key component of any business.
Explanation: