if a check mark is placed on the check stub of each canceled check, what does a check stub with no check mark indicate?

Answers

Answer 1

A check stub with no check mark indicates that a check is an outstanding check.

A check in banking term is a stub of document or paper that orders the bank to withdraw a certain amount of money that is written on the check from the checking account of the party whose name is printed on the check as the owner of the check and the checking account to the party whose name is written as the receiver in the check, or in the case that no name is written as the receiver, the bearer of the check may also receive the amount of money written on the check. A check stub that has not yet been marked with a check mark means that the check is an outstanding check and therefore has not yeet been cleared by the bank to be cashed out by the bearer.

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Related Questions

All of the following are examples of secondary types of data except:
A. U.S. Census data
B. Consumer Reports
C. test market
D. Rotten Tomatoes (movie reviews)

Answers

C. Test market might be the answer


Which of the following is true regarding states that have adopted the reasonably foreseeable users test for accountant liability to
third parties?

Answers

The reasonably foreseeable users test holds an accountant liable to any third-party who was or should have been foreseen as a possible user of the accountant's work product and did, in fact, use and rely upon that work product for a proper business purpose.

What is accountant?

By gathering, monitoring, and making necessary corrections to the company's finances, an accountant assists organisations in making important financial decisions. Financial audits, bank statement reconciliation, and ensuring that financial records are accurate all year long are under their purview.

Account analysis, auditing, and financial statement analysis are examples of professional accounting duties carried out by accountants. Accountants can work for an accounting firm, a sizable business with an internal accounting division, or they can open their own practise.

These four areas of accounting are forensic, corporate, public, and governmental. For any accounting employment, an undergraduate degree is typically a requirement, however prior master's work—especially in the accounting field—is frequently greatly encouraged.

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inside of the Sun's orbit? Give your answer in scientific notation and in units of solar masses.

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The Sun's orbit is about 25,000 light-years from the center of the Milky Way galaxy.  

Therefore, anything located inside the Sun's orbit would be closer to the center of the galaxy than the Sun is.

In scientific notation and in units of solar masses, the mass of objects within the Sun's orbit would be less than 1 solar mass (1.0 x 10^0 M☉).

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Which of the following characteristics of a professional business letter distinguishes it from a personal business letter?

Answers

Characteristics of a professional business letter distinguish it from a personal business letter is many professional business letters are printed on letterhead". Option (D) is correct.

What is Business letter?

A business letter is a communication between two businesses, or between businesses and their clients, consumers, or other outside parties. The relationship between the parties affects the letter's overall style.

Formal letters address someone professionally, whereas informal letters do so in a more personal manner. This is the major distinction between formal and informal letters. In addition, professional letters must adhere to a particular format, whereas casual letters can use any format.

Therefore, Option (D) is correct.

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Your question is incomplete, the complete question is;

which of the following characteristics of a professional business letter distinguishes it from a personal business letter? a. professional business letters come from individuals writing on their own behalf. b. many personal business letters are printed on letterhead. c. personal business letters come from individuals representing a company. d. many professional business letters are printed on letterhead.

Mention five legal ways to spend money

Answers

Some ways that you can spend money legally are:

Buying booksGoing on a vacationBuying a companyGiving to the poor or a charityEmploying labor

What is Money?

This refers to the legal tender that is used for the buying and selling of goods and services that have an inherent value

Hence, we can see that based on the given question, money can be spent in a variety of ways legally and this includes starting a business, giving to the poor, etc.

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What type of website would be interested in lead generation?
a. all sites are interested in lead generation
b. a company that sells backpacks
c. a lawyer that prepares trust and estate documents

Answers

Lead generation is a crucial aspect of any business looking to gain more customers. It involves the process of finding people or companies that are interested in a product or service that a business offers.

One of the ways a business can do this is through a website. Therefore, all types of websites are interested in lead generation because they require visitors to convert into leads, then customers, to make a profit.However, some websites are more inclined to prioritize lead generation as a crucial goal than others. For instance, companies that sell backpacks would be interested in lead generation. Such a company would have a website that informs people about the backpacks it sells and provides a platform for interested parties to purchase them. Consequently, the website would have various lead capture forms such as email lists, newsletters, product offers, and more, designed to generate leads.The same is the case for a lawyer that prepares trust and estate documents. Such a lawyer would need a website that showcases their expertise, informs visitors about their services, and has various forms where potential clients can contact them. These forms are used to capture information about the visitors and eventually turn them into leads. Therefore, such a website would also be interested in lead generation.In summary, all websites are interested in lead generation as it's crucial to their growth and profit. However, some businesses like companies that sell backpacks and lawyers that prepare trust and estate documents, prioritize lead generation as a key aspect of their website and business strategy.

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If the actual inflation rate is lower than the expected inflation rate, this is.

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If the actual inflation rate is lower than the expected inflation rate, this is typically considered to be a positive outcome for the economy.

Lower than expected inflation is positive, benefiting consumers with increased purchasing power and businesses with lower production costs.

How does lower inflation benefit economies?

If the actual inflation rate is lower than the expected inflation rate, this is typically considered to be a positive outcome for the economy. It means that prices are rising at a slower pace than initially anticipated, which can have several benefits:

Increased purchasing power: Lower inflation means that the purchasing power of consumers is relatively stronger. People can buy more goods and services with the same amount of money, leading to improved standards of living and increased consumer confidence.Lower production costs: Businesses benefit from lower inflation because it reduces their input costs. When prices rise at a slower rate, the cost of raw materials, wages, and other production inputs also increase more slowly. This can lead to increased profitability and potentially stimulate business investment and expansion.Stable economic environment: Lower inflation contributes to a more stable economic environment. When inflation is high and unpredictable, it creates uncertainty and can distort economic decision-making. Lower inflation rates provide a more predictable environment for businesses and consumers to plan and make informed choices.Monetary policy flexibility: Central banks use monetary policy tools, such as interest rates, to manage inflation. When inflation is lower than expected, it gives central banks more flexibility to adjust their policies. They can potentially lower interest rates to stimulate economic growth or keep rates at a moderate level to prevent excessive inflation.

However, it's important to note that very low inflation or deflation (negative inflation) can also have drawbacks. Persistently low inflation or deflation can lead to reduced consumer spending, increased debt burdens, and difficulties for businesses in maintaining profitability. Central banks aim to maintain a moderate and stable level of inflation, typically around 2% in many developed economies, to balance these factors.

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American Depositary Receipts (ADR) are
a. shares of American companies traded on foreign markets.
b. foreign currency deposits in American banks.
c. American currency deposits in foreign banks.
d. dollar denominated shares of foreign companies traded on the U.S. markets.

Answers

ADR stands for American Depositary Receipts. ADRs are instruments that allow investors to hold shares of foreign companies in their portfolios in US dollars. The correct answer is option D

American Depositary Receipts are issued by U.S. banks and represent a certain number of shares of foreign companies that are held in custody abroad. ADRs provide American investors access to international securities markets without requiring them to deal with foreign banks or brokers. The correct answer is option D  dollar denominated shares of foreign companies traded on the U.S. markets.

ADRs have a few benefits over traditional foreign stock investments. For one, they allow U.S. investors to purchase foreign stocks without worrying about currency conversion costs. Secondly, they provide easier access to overseas markets.

Lastly, ADRs allow American investors to diversify their portfolio. The securities offered as American Depositary Receipts are typically large multinational corporations with shares listed on foreign stock exchanges. This way, foreign companies can gain access to American capital markets. The ADR structure serves as a tool to bridge the gap between foreign corporations and U.S. investors.

American Depositary Receipts are traded just like other U.S. stocks and are subject to the same regulations by the U.S. Securities and Exchange Commission (SEC).

ADRs can be bought and sold just like U.S. securities, with a wide variety of order types. In conclusion, American Depositary Receipts (ADR) are dollar-denominated shares of foreign companies that are traded on the U.S. markets.

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which investment option would you recommend based on your analysis using all four capital budgeting tools?

Answers

Business investment option would you recommend based on your analysis using all four capital budgeting tools I suggest the following financial choices for the business, taking into account its capital structure and capital budgeting strategies.

Based on the facts from the mini case that was provided. First, the business should establish the right balance of debt and equity finance to optimise its capital structure by doing this.

It will be possible to minimise the cost of capital while yet maintaining a balanced risk profile. To do this, the business might assess the ideal capital structure using methods like the Weighted Average Cost of Capital (WACC). Second, to assess and choose lucrative investment initiatives, the business should put strong capital budgeting processes into practise. To assess the profitability of possible investments, methods like Net Present Value (NPV), Internal Rate of Return (|RR), and Payback Period can be used.

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Corinth's labor supply grew by 1.4% and land stock grew by 1% from 425 BCE to 424 BCE. Landowners received 50% of income. If total factor productivity grew by 0.3% find the growth rate of aggregate output.

Answers

Answer:

1.51%

Explanation:

Recall that:

Total Output  = \(A\times K^a \times ^{1-a}\)

here;

A = total productivity factor

K = capital input

L = labor input

SInce  Landowners gets 50% of income; then a = 0.50

\(= A\times K^ {0.50} \times ^{1-0.50}\)

Output at 424BBC

\(= 1.003A \times (1.014K)^{0.5}(1.01L)^{0.5}\)

\(= 1.003 \times (1.007)(1.005)AK^{0.5}L^{0.5}\)

\(=1.0151AK^{0.5}L^{0.5}\)

Thus, the growth rate from 425 BCE to 424 BCE :

= 1.0151 - 1

= 0.0151

= 1.51%

to calculate your monthly lease payment on a three-year lease using the "residual value" of a $26,500 MSRP car, subtract the 48% residual value from the MSRP and divide the result by the number of agreed upon months. What is the approximate monthly payment on a three-year lease agreement?

Answers

Answer:

The approximate monthly payment is $383

Explanation:

Here, we want to calculate the approximate monthly payment on a 3-year lease agreement and we have been told what to do in the question.

Firstly, we start off by subtracting 48% residual value from the MSRP

48% of 26,500 = 48/100 * 26,500 = $12,720

We subtract this from $26,500

That will be $26,500 - $12,720 = $13,780

We have 3 years and that is 36 months

So the approximate monthly payment will be;

$13,780 / 36 = 382.7777777777778 which is approximately $383 to the nearest whole digit

After a job interview, you should _____.
A. Celebrate
Write a thank you letter
call the interviewer immediately to see if you got the job
call your friend to tell them about the interview

Answers

Answer:

I think that after a job interview you should call your friend and tell them about the interview you should not celebrate because you don't know if you've gotten the job and if you call your friend they might give you hope on getting the job

Compare the sources of consumer credit travel and entertainment credit revolving check credit closed-end credit

Answers

Answer:

The source of consumer credit is credit obtained on services like banking, insurance and travel.

Explanation:

Source of consumer credit are savings, credit union, sales , life insurance and loans etc. Entertainment credit is a state provided naturla pension credit union its controlled by the members. Is a loan or a form of credit, where the fund is dispersed in full when the loan is closed and must be given back.

Evaluate each of the following transactions in terms of their effect on assets, liabilities, and equity.
1. receive payment of $12,000 owed by a customer.
2. buy $15,000 worth of manufacturing supplies on credit.
3. purchase equipment for $44,000 in cash.
4. issue $80,000 in stock.
what is the net change in total equity?

Answers

Net change in assets =  15,000+ 75,000

= $90,000

1-Receive payment of $12,000 owed by a customerNo effect on assetNo effect on liabilityNo effect on equity2-Buy $15,000 worth of manufacturing supplies on creditAssets increase by $15,000Liabilities increase by $15,000No effect on equity3-. Purchase equipment for $44,000 in cashNo effect on assetNo effect on liabilityNo effect on equity 4-Issue $75,000 in stockAssets increase by $75,000No effect on liabilityEquity increases by $75,000

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A binding price ceiling is a mandated _______.

A. maximum price above the market equilibrium price
B. minimum price above the market equilibrium price
C. maximum price below the market equilibrium price
D. minimum price below the market equilibrium price

Answers

A binding price ceiling is a mandated "maximum price below the market equilibrium price."

This is because a binding price ceiling is a point at which the price of certain commodities can not rise above the market equilibrium price.

The binding price ceiling is usually set by the government rather than the force of demand and supply.

The binding price ceiling has negatives, such as leading to a shortage of supply.

Hence, in this case, it is concluded that the correct answer is option C.

"maximum price below the market equilibrium price."

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Answer:

I took the quick check. brainliest would be nice

Explanation:

1: C- maximum price below the market..

2:C- producers from low market..

3: C- led to a shortage as prices are kept from rising....

4: D- a price ceiling of 1,000

5: A- the surplus resulting from the price floor...

When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must

Answers

When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.

This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.

To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.

Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.

Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.

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Recruiting new employees via the Internet allows companies to _________.
a.
Reach candidates from across the world
b.
Conduct recruiting sessions from the office
c.
Gather résumés and cover letters paperlessly
d.
All of the above

Answers

I had this question and the answer was b: conduct recruiting sessions from th office.

Answer:

answer is b on edge 2020

Explanation:

Which of the following activities is not associated with the final stage of production? *

1 point

A. Distribution of goods to final consumers

B. Exchange of goods between buyers and sellers

C. Marketing of goods and services to prospective customers

D. Sourcing of raw materials

E. Warehousing of manufactured​

Answers

Answer:

the answer is sourcing of raw materials

it depends if it is direct or indirect

Utilizing your research notes, imagine you are a business manager and you must create a brief step-by-step problem-solving guide to be used by your employees. The guide should outline the steps in the problem solving process and provide a few details as to how an individual could approach each step. The guide should be no more than one page. Be sure to explain the value of collaboration and teamwork within the workplace.

Answers

Answer:

Define the problem

Analyze the affects of problem on the business

Generate list possible solutions to it.

Evaluate each alternative.

Implement a solution that is best fit

Monitor the results

Explanation:

There are six steps in problem solving. As a business manager one should understand all these steps to immediately counter a problem and progress for business success. The business manager should first define the problem and analyse the affects that it may cause to the business operations. He should then consider list of possible solutions which can solve the problem without any harm to business activities. The best possible solution to the problem should be selected and then it should be implemented to solve the problem quickly. The progress of the problem solving should be evaluated.

Why are you leaving your present job? Why did you leave your last job?


If we hire you, how long do you think you would be able to work here?


What are your favorite subjects in school?Why?


What subject do you find most difficult?


Did you participate in any school activities? Why or why not?


Do you plan to continue your education?


How many days of school or work did you miss during the last year?

Answers

Explanation:

Job” – 20 Good Reasons for Leaving

Interview Questions and Answers/ By Biron Clark/ 30 COMMENTS

how to answer why did you leave your last job

One of the most common interview questions you’ll face: “Why did you leave your last job?”

Maybe you left under odd circumstances and don’t want to share the whole truth. But you’re not sure what to say instead.

Or maybe you think you’ve got a pretty solid reason for why you left your last job, but you want to make sure. Either way, this list has you covered.

I’m going to share 20 safe, proven answers you can give when the interviewer asks “why did you leave your last job?”

20 Best Answers to “Why Did You Leave Your Last Job?”

Here are 20 safe, acceptable answers for why you left a past job. If you give one of these reasons, the interviewer is likely to be satisfied and quickly move on to the next question.

After the list, make sure you keep reading because there are 5 big mistakes to avoid when answering this question.

1. “I had been with the organization for a number of years and wanted to experience a new environment to continue growing.”

Most people who advance far in their careers have worked in a variety of companies. Large, small, public, private, etc.

No hiring manager will fault you for wanting to have well-rounded experience and gain a new perspective in your career.

2. “I was offered a promotion at another company.”

Your past employers can’t always offer the ideal next step for your career when you’re ready. Leaving to advance your career is a common reason and this won’t be the first time the interviewer has heard it. So if another company offered a promotion, just say so.

3. “I left for an opportunity to advance my career.”

Maybe you didn’t receive a promotion in terms of job title, but you saw a better path forward at another company. Or you joined a new company for an opportunity to build a new skill that was important to you.

It’s fine to change jobs if you feel it will help you advance in the future even if it’s not an immediate promotion. So you should be fine using this as your answer.

4. “I was offered a significant pay increase.”

We all go to work for money. Companies get it. I’d try to combine this with another reason though, so that you don’t sound too focused on money.

So you could say something like this: “I was offered a significant pay increase, and was also excited about a couple of product launches that this new company was working on, so it seemed like a great opportunity to take.”

5. “I left to work on a product I was very passionate about.”

Sometimes an amazing opportunity comes up that matches perfectly with your interests. Nobody will blame you for leaving to pursue something like this. It’s a perfectly good reason for why you left your last job.

In fact, it’s a good reason even if you “job hopped” and left very soon after being hired. While job hopping never looks great, this is one of the reasons that an interviewer will understand.

pls mark me brainliest

1) I was looking for better opportunities with better commuting and I left my last job due to family issues.

2) I would be giving my fruitful time and will be in touch with you for a long time.

3) Science, as it provided a practical approach.

4) Math.

5) I participated in all school events, it was a fun time for me.

6) I have already done my post-graduation, and now I want to make a career.

7) I did not miss much, just a few sick leaves.

A job interview is a formal meeting between a prospective employer and a job candidate. It serves as a crucial step in the hiring process to assess the candidate's qualifications, skills, and suitability for the position. During the interview, the employer asks questions to evaluate the candidate's experience, knowledge, problem-solving abilities, and fit within the organization.

The candidate also has an opportunity to ask questions and learn more about the role and company. The interview helps both parties determine if there is a good match and whether to proceed with further hiring considerations.

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True or False: After calculating how much money you have left after paying for all of your monthly expenses, you can
olan on spending up to 50% of that amount on car expenses

Answers

Based on microeconomic theory, it is true that after calculating how much money you have left after paying for all of your monthly expenses, you can

plan on spending up to 50% of that amount on car expenses.

Note that after making a payment on living expenses, such as rent, mortgage, utilities, loans, car payments, and food, the money that remains is discretionary income.

This discretionary income can be used as savings, investment, or spending on your discretionary expenses such as vacations and travel expenses, car expenses.

This is because discretionary expenses are categorized under wants instead of needs.

Thus, given that planning for car expenses is a want, then the statement in the question is True.

Hence, in this case, it is concluded that the correct answer is "True."

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investment in human capital:a. is of minor importance to economic growth.b. can be acquired through on-the-job training.c. is an important source of economic growth.d. is characterized by both b) and c).

Answers

Investment in human capital is an important source of economic growth. The answer is c) is an important source of economic growth.

What is investment in human capital?

Investment in human capital refers to the expenditures made to improve an employee's skill set and knowledge through education and training programs. By investing in employees and enhancing their abilities, companies can benefit from greater efficiency, reduced errors, and higher productivity. Furthermore, it is critical to providing the necessary human resources for economic growth. As a result, the answer is c) is an important source of economic growth.

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In order to diversify individual asset risk in your portfolio
you can choose assets that have negative correlation coeffitient
with one another? true or false

Answers

In order to diversify individual asset risk in your portfolio, you can choose assets that have negative correlation coefficient with one another. This statement is True.

The risk related to the price fluctuations of an individual asset is known as individual asset risk. The performance of an individual asset can be unpredictable at times. A portfolio is a collection of assets that an investor owns or manages. These investments may include stocks, bonds, real estate, or other assets. When investing, the goal is to build a portfolio that will provide returns while also limiting risk. A well-balanced portfolio will be diversified and include a variety of asset classes and investments.

A negative correlation coefficient is a statistical measure that indicates a relationship between two variables. If two variables are negatively correlated, it means that they have an inverse relationship. When one variable increases, the other decreases. When it comes to investing, choosing assets that have a negative correlation coefficient can help reduce the risk in a portfolio.

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means that buyers who are willing and able to pay the market price for the product obtain its benefits, but those unable or unwilling to pay that price do not.

Answers

Excludability means that buyers who are willing and able to pay the market price for the product to obtain its benefits, but those unable or unwilling to pay that price do not.

Excludable items are personal goods, while non-excludable goods are public goods. for example, at the same time as all of us can use a public street, now not everybody can visit a cinema as they please. to go into one, someone needs to purchase a ticket, and their purchase of a price ticket excludes a person else because seating is constrained.

Both excludable and rivalrous, where the excludability method that manufacturers can save a few humans from consuming the best or carrier based totally on their potential or willingness to pay, and rivalrous shows that one man or woman's consumption of a product reduces the quantity available for consumption via any other.

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Which is a characteristic of judging approach

Answers

Answer:

Clarity and Closure

Explanation

Judgers take a planned, ordered, and precisely calibrated approach to life, developing both short- and long-term plans to assist them in achieving their objectives. For them, schedules and "to-do" lists are consoling. They dislike uncertainty and change, preferring to know what they are getting into instead.

Those that have this preference feel more in control of their surroundings. They are disciplined and resolute, seeking resolution as soon as possible to reduce stress. Judgers struggle with open-ended plans because they have a "work first-play later" mentality. Instead of addressing issues as they arise, they would prefer to devise three distinct backup plans.

Judgers take their obligations and deadlines very seriously, both in business and in life. They are quite particular.

Tianna invested $500 in a CD account. She earned $8 in interest. Inflation was $2. What is Tianna's rate of return? (3 points)

Answers

Answer:

1.6%

Explanation:

A rate of return is the total gain or loss on investment. It is usually expressed in percentage form

Rate of return on the CD is the total return derived from investing in the Certificate of deposit

Rate of return = (interest earned / total amount invested ) x 100

(8/500) x 100 = 1.6%

If we are asked to calculate the real rate of return, the inflation rate would be subtracted from the interest earned

Real rate of return = \(\frac{8-2}{500}\) × 100 = 1.2%

BCC Ltd purchased a machinery costing Rs 10,00,000 on January 1, 2019. A new machinery was purchased on 01, May 2020 for Rs 15,00,000 and another on July 1, 2022, for Rs 12,00,000. A part of the machinery which originally cost Rs 2,00,000 in 2019 was sold for Rs 75,000 on October 31, 2022. Show the Machinery account, from 2019 to 2022. If depreciation is provided at 10% per annum on written down value and account are closed on December 31st, every year.

Answers

The Machinery account for the years 2019 to 2022 is given below.

Machinery Account

Date Particulars Debit Credit

01/01/2019 Machinery 10,00,000

Depreciation 1,00,000

01/05/2020 Machinery 15,00,000

Depreciation 2,40,000

01/07/2022 Machinery 12,00,000

Depreciation 3,42,400

31/10/2022 Sale  75,000

Depreciation  51,600

31/12/2019 Depreciation  1,00,000

31/12/2020 Depreciation  2,40,000

31/12/2021 Depreciation  2,16,000

31/12/2022 Depreciation  3,42,400

Closing  10,98,000

How to explain the account

It should be noted that to prepare the Machinery account, we need to record the purchase of machinery and the sale of a part of the machinery. Also, we need to calculate the depreciation on the machinery at the end of each year.

First, we need to calculate the depreciation on the machinery purchased on January 1, 2019.

Depreciation for the year 2019 = 10% of Rs. 10,00,000 = Rs. 1,00,000

Depreciation for the year 2020 = 10% of (Rs. 10,00,000 - Rs. 1,00,000) + 10% of Rs. 15,00,000 = Rs. 2,40,000

Depreciation for the year 2021 = 10% of (Rs. 10,00,000 - Rs. 1,00,000 - Rs. 2,40,000) + 10% of Rs. 15,00,000 = Rs. 2,16,000

Depreciation for the year 2022 = 10% of (Rs. 10,00,000 - Rs. 1,00,000 - Rs. 2,40,000 - Rs. 2,16,000) + 10% of Rs. 15,00,000 + 10% of Rs. 12,00,000 = Rs. 3,42,400

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Write any two features of RTGS.

Answers

- Realtime online fund transfer.

- Used for high value transactions.

Features of RTGS Transaction

Realtime online fund transfer.

Used for high value transactions.

Safe and secure.

Reliable and backed by RBI.

Immediate clearing.

Funds credited on a one-on-one basis.

Transactions executed on an individual and gross basis.

A carton of eggs broke onto the floor in the dairy section, making the floor slippery. Little Johnny slipped, fell, and hit his head on the floor, causing a cut and mild concussion. The grocery store incurs___________liability for his injuries.
a) premises.
b) operational.
c) professional.
d) product.

Answers

Answer:

premises

Explanation:

The grocery store incurs premises liability for his injuries. This form of liability is a legal concept that has to do with personal injuries that have been caused by some form of unsafe or defective conditions on someone's property, usually due to negligence. This is exactly what happened in this scenario since it was negligent of the store to not have cleaned up the mess made by the broken eggs which ultimately caused Johnny to fall.

From the information given, the grocery store incurs premises liability for his injuries.

Premises liability

It should be noted that premise liability comes into play in personal injury cases when an injury is caused by some type of unsafe condition on someone's property.

Since the carton of eggs broke onto the floor in the dairy section, making the floor slippery, the grocery store incurs premises liability for his injuries.

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A $100,000 house insured on a policy with an 80% coinsurance requirement has a fire that caused $40,000 of damage; the owner has a policy with $60,000 coverage. How much can the owner collect for his loss?

Answers

Assuming the owner has a policy with $60,000 coverage. The amount that  the owner collect for his loss is $30,000.

Policy coverage

In order for the total amount of a partial loss to be paid the house must be insured for at least 80 percent of its value on the date in which the loss ocur.

And since house has a policy coverage of the amount of $60,000. Based on this  the minimum requirement is 75 percent  which mean that the policy will pay only 75 percent of the loss or $30,000.

Inconclusion  the amount that  the owner collect for his loss is $30,000.

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