Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Financial Accounting Expert

For each circumstance given below determine if coverage applies and if so the amount paid

1. Meat delivered to restaurant was found to be bad after being served to customers at the restaurant. Five persons were taken hospitalized and ill. The court awarded $100,000 to each of the stricken persons.

2. While unloading one of their trucks with the hand truck, employees of FFG ran in the pedestrian on the sidewalk causing a severe concussion. The pedestrian was out of work for various months. The insured settlement for medical bills and loss time from work was $150,000.

3. Ralph an employee for FFG was also injured in unloading incident and had hospital bills of $5,000

4. FFG is blamed for a fire at the warehouse that they lease. The total loss was $200,000

5. FFG has a retirement party for the key employee where alcohol is served. Following the party an FFG employee fails to yield at the intersection and collides with another vehicle. It is determined that the employee was intoxicated. The victims sue FFG and the court awards victims $300,000 for their damages.

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M93897

Have any Question? 


Related Questions in Financial Accounting

Half a page double spaced answering the 2 questions on 4

Half A Page double spaced answering the 2 questions on "4 corners COMMUNITY NURSERY INC." 1.) Discuss the financial statements...are there financial trends that show the org is meeting its mission? 2.) The analysis of th ...

Assessmentbullnote some of the assessments in this course

Assessment • Note: Some of the assessments in this course build upon each other, so you are strongly encouraged to complete them in the order in which they are presented. For this assessment, complete Problems 1 and 2. Y ...

One of the auditorrsquos roles is to verify inventory

One of the auditor’s roles is to verify inventory values. The auditor would have to verify both the quantity on hand and the unit cost to determine the inventory value. How would the auditor verify the quantity?

I correction of improper cost entries plant acquisitions

I. (Correction of Improper Cost Entries) Plant acquisitions for selected companies are presented below. 1. Protex Inc acquired land, buildings, and equipment from a bankrupt company, for a lump-sum price of $700,000. At ...

1 differentiate between economic rights and non-economic

1. Differentiate between economic rights and non-economic rights under the 14 th amendment. 2. Explain the importance of quality management and apply statistical quality control techniques. 3. To what extent do sole prop ...

Assignment business plan - finalthis assignment consists of

Assignment: Business Plan - Final This assignment consists of two sections: your final business plan and your business plan financials. Note: You must submit both sections as separate files for the completion of this ass ...

Time value of money practical applications in business and

Time Value of Money, Practical Applications in Business and Personal Decisions If you have put money in a savings account, made monthly auto or mortgage payments, or paid down your student loan ahead of time you have inh ...

Definedescribediscuss database fields records tables

Define/Describe/Discuss Database (Fields, Records, Tables, Database) and Database Management Define/Discuss/Describe ERD: Relationships, Primary Keys, Foreign Keys, Cardinality, etc. Provide Examples. Define/Describe/Dis ...

What is meant by the statement when a resource becomes

What is meant by the statement: "when a resource becomes essential to competition but inconsequential to strategy, the risks it creates become more important than the advantages it provides"? On the topic " It doesn't ma ...

Assignment intermediate accounting for finance working

Assignment: Intermediate Accounting for Finance Working Capital Case Study Your job is to make ABC cash flow in years 2 and 3 (positive ending cash balances); which means you must balance ABC's cash conversion cycle days ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro