One of the reasons that deductible are used in insurance policies is to
A) eliminate coverage for small claims.
B) place restrictions or limits on the insurer's promise to perform.
C) provide broader coverage by increasing the number of perils covered.
D) exclude perils that are not insurable.
Answer: A
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Lopez Company uses the FIFO process costing method to determine the product unit cost. The company began the period with 1,800 units in beginning inventory. During the period, 32,000 units were started and completed. There were 4,000 units in ending inventory at the end of the period. If all direct materials are added at the beginning of the process, the number of equivalent units for direct
materials for the period is a. 29,800. b. 28,000. c. 32,000. d. 36,000.
If all columns of a completed work sheet balance, you can be sure that no errors were made in its preparation.
Answer the following statement true (T) or false (F)
How does utility affect demand for a product?
What will be an ideal response?
An asset was purchased for $5,000, has an estimated 4-year life, and a $200 salvage or scrap value. The annual depreciation for this asset will be $1,250 per year
Indicate whether the statement is true or false