rowena has a $150,000 basic homeowner's insurance policy with a $1,000 deductible on her house. since she purchases no additional riders for jewelry, flooding, etc., her premium payment is $100 per month. if a family heirloom ring worth $100,000 is stolen from the home, how much is the insurance company obligated to pay for this claim? $0 $1,000 $100,000 $150,000
Answers
It is important to review and understand the details of your homeowner's insurance policy to ensure that you have adequate coverage for your possessions. Option B is correct.
In this scenario, Rowena has a basic homeowner's insurance policy with a $150,000 coverage limit and a $1,000 deductible. She did not purchase any additional riders for jewelry or flooding, and her monthly premium payment is $100.If a family heirloom ring worth $100,000 is stolen from her home, the insurance company is obligated to pay for the claim up to the coverage limit of $150,000.
However, since Rowena did not purchase any additional riders for jewelry, the policy may have a sub-limit on jewelry coverage.
Assuming the policy has a sub-limit of $1,000 for jewelry coverage, the insurance company would only be obligated to pay $1,000 for the stolen ring, which is the amount of the deductible.
This means that Rowena would be responsible for the remaining $99,000 of the loss.If the policy does not have a sub-limit on jewelry coverage, the insurance company would be obligated to pay up to the coverage limit of $150,000 for the stolen ring, minus the $1,000 deductible.
In this case, the insurance company would be obligated to pay $149,000 for the stolen ring.
In conclusion, the answer to the question is either B) $1,000 depending on whether the policy has a sub-limit on jewelry coverage. It is important to review and understand the details of your homeowner's insurance policy to ensure that you have adequate coverage for your possessions. Option B
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Related Questions
Nexus Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. Last year, the company's estimated manufacturing overhead was $1,200,000 and its estimated level of activity was 50,000 direct labor-hours. The company's direct labor wage rate is $12 per hour. Actual manufacturing overhead amounted to $1,240,000, with actual direct labor cost of $650,000. For the year, manufacturing overhead was:
Answers
Answer:
$60,000
Explanation:
Calculation for what manufacturing overhead was:
First step is to calculate the Predetermined overhead rate
Estimated total manufacturing overhead $1,200,000
÷ Estimated total direct labor-hours 50,000
direct labor-hours
Predetermined overhead rate=$24.00per direct labor-hour($1,200,000÷50,000)
Second step is to calculate Actual direct labor-hours
Actual direct labor-hours = $650,000 ÷ $12.00 per direct labor-hour
Actual direct labor-hours = 54,166.67 direct labor-hours
Now let calculate Manufacturing overhead
Manufacturing overhead applied$1,300,000
(54,166.67*$24.00)
Less Manufacturing overhead incurred(1,240,000)
Manufacturing overhead $60,000 Overapplied
Therefore manufacturing overhead was:$60,000
PLEASEE! unit test in progress!!
A tax accounting software company is trying to help potential customers understand how other tax firms are already using certain platforms to complete their work. What type of primary research might they use to BEST tell that story?
a. Websites about tax firms’ busy season
b. Account textbooks
c.an interview with a single client
d. 10 case studies of existing clients
Answers
Answer:
It is D
Explanation:
.
The federal government is proposing to enforce a minimum living wage
Answers
Employers subject to the FLSA but not to the Puerto Rico Minimum Wage Act are required to pay at least the federal minimum salary of $7.25 per hour.
What do you mean by the minimum wage?Minimum wages have been defined as the bare minimum of remuneration that an employer is required to pay wage earners for work performed during a given period, and which cannot be reduced by collective bargaining or individual contracts.
The Act's purpose is to make it a violation of the law for an employer to pay workers in certain categories of employment wages that are less than the minimum wage set by notification under the Act.
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Which of the following can a grocery store change in the long run?
A. the number of shelves, employees, and parking spaces in the parking lot
B. the type of grocery carts, magazine racks, and produce displays
C. the store location, sign on the storefront, and advertising on the media
D. all of the above
Answers
Answer:
I believe all of the above
Explanation:
went with what came to mind if its wrong very sorry.
A grocery store change, in the long run, is all of the above. Thus the correct option is D.
What is the importance of change?In order to remain in competition an organization needs to work on bringing change and innovation in the process as well as a product that helps them in achieving higher revenue by following trends and preferences.
If an organization adopts change frequently it shows its flexibility to cope with the demands of the market in order to meet the level of satisfaction of customers.
A grocery store that is planning to grow may eventually affect the number of shelves, staff, and parking places in the lot which helps in better services to their customers.
The design of the fruit displays, magazine racks, and grocery trolleys as well as the store's location, storefront sign, and media advertising can all help to increase sales and draw in more customers.
Therefore, option D is appropriate.
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In order for planners to develop effective message strategy, they must know ______.
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In order for planners to develop effective message strategy, they must know the target audience, the message objectives, and the message’s tone.
The message strategy is a plan to communicate a brand’s message to its target audience. It outlines what a brand wants to say, to whom it wants to say it, and how it wants to say it.
Planners need to understand all aspects of the communication process, including how to connect with consumers in a way that resonates with them.
That includes understanding the target audience, the message objectives, and the message’s tone.To make an effective message strategy, it’s essential to know the following:
1. Target Audience- Planners must understand the demographics of the target audience, what they are interested in, and what motivates them. They can learn about the audience through research, including surveys, focus groups, and social media monitoring.
2. Message Objectives - Planners should understand the goals of the message. For example, it could be to increase brand awareness, drive sales, or create a new product launch.
3. Tone - The tone of the message is an essential aspect of the message strategy. It sets the mood and helps convey the message's intended emotion. Therefore, Planners must make sure that the message tone aligns with the brand’s values and the target audience’s preferences.
In conclusion, an effective message strategy requires planners to have a deep understanding of their target audience, the message objectives, and the message’s tone. Knowing these aspects will help them develop a strategy that resonates with their audience and drives results.
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sasha burke is married and has assets totaling $9 million. what type of will would most likely result in the lowest overall amount of federal estate taxes? assume the exemption amount is $3 million.
Answers
If Sasha Burke is married and has assets totaling $9 million, a marital deduction trust will most likely result in the lowest overall amount of federal estate taxes.
A marital deduction trust is an irrevocable trust that allows married couples to transfer unlimited amounts of assets to each other tax-free. In this type of trust, the assets that are transferred to the trust by the first spouse to die are placed in a separate trust for the surviving spouse's benefit. This allows the assets to pass to the surviving spouse free of estate taxes. When the surviving spouse dies, the assets in the trust are subject to estate taxes. However, since the exemption amount is $3 million, the assets in the trust that exceed this amount will be subject to estate taxes. This is still likely to result in the lowest overall amount of federal estate taxes since the surviving spouse will receive the assets tax-free, and the estate will only pay taxes on the remaining assets that exceed the exemption amount.For more questions on estate
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How is international employment different from foreign employment? Give your argument with examples.
Answers
Answer:
Foreign employment is working for a company that is based in another country and you usually only work in one country. International employment is working in multiple countries and often your own home country is one of them
If you have $600 and you find an investment that annually yields 3%, how much interest would you earn in 15 years?
Answers
Answer:
$270.00 in 15 years
Explanation:
3% of $600 = $18.00 annually
$18.00 x 15 years = $270.00 interest earned
The Embrey Paint Company uses 18,000 cases of gallon cans per year in its production of indoor paint. A preliminary analysis indicates that demand for cans is steady enough for an EOQ model to be appropriate. - There are 240 working days per year and the inventory holding cost is 20% of the unit purchase cost per year. - Current policy is to purchase 1500 cases at the beginning of each month from Vendor A at a cost of $16.00 per case, with a fixed cost of $50 per order. - There is a dependable lead time of one week (5 working days). A. What would be the economic order quantity? B. What would be the annual savings of using the EOQ in place of the current ordering policy?
Answers
A. The economic order quantity would be approximately 750 cases. To calculate the economic order quantity (EOQ), we can use the formula:
EOQ = sqrt((2 * D * S) / H)
Where: D = Annual demand
= 18,000 cases
S = Ordering cost per order
= $50
H = Holding cost per unit
= 20% of $16.00
= $3.20
Plugging in these values, we get:
EOQ = sqrt((2 * 18,000 * 50) / 3.20)
EOQ = sqrt(1,800,000 / 3.20)
EOQ = sqrt(562,500)
EOQ ≈ 750 cases
B. Using the EOQ policy would result in an annual savings of $600 compared to the current ordering policy.
Current policy:
Ordering cost = $50 per order
Number of orders per year = 12 (since 1500 cases are ordered at the beginning of each month)
Total ordering cost = $50 * 12 = $600
EOQ policy:
Number of orders per year = Annual demand / EOQ = 18,000 / 750 = 24
Ordering cost per order = $50
Total ordering cost = $50 * 24 = $1,200
Annual savings = Total ordering cost under current policy - Total ordering cost under EOQ policy
Annual savings = $600 - $1,200 = -$600
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At United Parcel Service (UPS) Company, when a UPS driver fails to meet the targets, a supervisor gives suggestions for improvement. If drivers are unable to improve, they
Answers
The control process that is involved in the way United Parcel Service handles the failures of their drivers is Established Standards.
Which control method does UPS use?UPS uses an establish standards control methods which means that they treat failure on the path of their employees in a process that involves steps.
First they give suggestions for improvement, then they warn the driver, and then they suspend them. Finally, they dismiss them. These are all steps and so fall under established standards.
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mariah bought a new toyota for $28,200 that included a 5% sales tax. the actual cost of the car (round to the nearest dollar) before the tax is:
Answers
The actual cost of the car before tax is approximately $26,857 (option a).
Mariah bought a new Toyota for $28,200, which included a 5% sales tax. To find the actual cost of the car before tax, we need to determine how much of the $28,200 was the tax amount, and then subtract that from the total amount paid.
Step 1: Set up the equation.
Let "x" be the actual cost of the car before tax.
x + 5% of x = $28,200
Step 2: Convert the percentage to a decimal.
5% as a decimal is 0.05.
Step 3: Rewrite the equation using the decimal.
x + 0.05x = $28,200
Step 4: Combine the like terms.
1x + 0.05x = 1.05x
1.05x = $28,200
Step 5: Solve for x (actual cost before tax).
x = $28,200 ÷ 1.05
x ≈ $26,857 (rounded to the nearest dollar)
The correct answer choice is $26,857.
The complete question is:
Mariah bought a new toyota for $28,200 that included a 5% sales tax. the actual cost of the car (round to the nearest dollar) before the tax is: multiple choice none of the answer choices are correct.
a) $26,857
b) $29,233
c) $18,433
d) $27,575
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In a short response of approximately 50 words, describe why you believe elected officials ' practice of appointing government employees based on reward or friendship works against the best interests of the nation .
Answers
Answer: The Constitution separates the three branches of power. So they have a checks and balances system. Each branch has specific powers and rights they use to help the people, and they require some type of collaboration from the other branches. They need some type of collaboration from other branches so they can gain too much power and keep all the branches balanced.
(62 words but it should do the job.)
Explanation:
milk should ______ (keep) in a fridge.
Answers
The past tense of Keep is Kept
A dot plot titled Miles Emilia Ran Each Week going from 1 to 6. 1 has 2 dots, 2 has 3 dots, 3 has 2 dots, 4 has 2 dots, 5 has 3 dots, and 6 has 4 dots. The dot plot shows the number of miles Emilia ran each week. Which is true of the data in the dot plot? The data is symmetric. The center of the data is 3.5. There is a peak at 3. The spread is from 1 to 6.
Answers
Answer:
The true statement is " The spread is from 1 to 6."
Explanation:
Consider the provide information.
First we will draw the dot plot as shown in the figure.
Now consider the options.
The data is not symmetric as for the symmetry the dots over 1 should be equal to the dots over 6. i.e 4.
Now find the center of the data by calculation the median of the data.
There are 16 dots in total which is an even number.
So, now we will find the average of the two middle values.
This will be the 8th and 9th value average for the given data set of 16 values.
Count from left to right the 8th and 9th values are both 4.
\(\text{Median}=\frac{4+4}{2}\)
\(\text{Median}=4\)
Hence, the center of the data is 4.
The second statement is false.
The peak of the data is at 6.
The third statement is false.
The spread is from 1 to 6 as we can see in the figure shown below.
Therefore, the true statement is " The spread is from 1 to 6."
Suppose the market price of chicken wings in a university town recently increased. Economics students studying at the university are discussing potential causes of the price increase. One group of students theorize that the price increased because several wing joints in the area have recently gone out of business. Others claim the increase in the price of chicken wings is because of a recent decrease in the price of beer.
Everyone agrees that the decrease in the price of beer was caused by a recent decrease in the price of hops, which are not generally used in making chicken wings.
The first group of students claim the increase in the price of chicken wings can be attributed to the fact that several wing joints in the area have recently gone out of business.
Answers
This may explain the price increase, as the decreased competition in the economics market could lead to an increase in price.
What is economics market?Economics market is an environment where buyers and sellers interact in order to exchange goods and services for money. It is the basis for the study of economics, which is the study of the production, distribution, and consumption of goods and services. Markets can be divided into different types depending on the nature of the product or service being exchanged. The two primary types of markets are the perfect competition market and the imperfect competition market. Perfect competition markets are those in which all buyers and sellers are equal and have access to the same information.
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true or false: Trade receivables which are more than one year are normally trasnferred to non current receivables
Answers
Trade receivables which are more than one year are normally trasnferred to non current receivables is False.
Trade receivables are amounts owed to a company by its customers for goods or services provided on credit. These receivables are usually classified as short-term assets because they are expected to be collected within the normal operating cycle of the business, which is typically less than one year. However, if a trade receivable extends beyond the normal operating cycle or has a payment term exceeding one year, it is reclassified as a long-term or non-current receivable.
Non-current receivables are long-term assets that represent amounts owed to the company that are not expected to be collected within the next operating cycle or year. They include items such as long-term loans receivable, deferred revenue, or other long-term receivables that are not related to the normal course of business operations.
Therefore, trade receivables that are more than one year are not transferred to non-current receivables but rather to long-term or non-current receivables, as they are no longer considered part of the short-term operating cycle.
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when you graduate and find a place to live on your own, do you expect to rent or buy your home? why?
Answers
The decision to rent or buy a home depends on various factors such as your financial situation, personal preferences, and long-term goals.
Renting offers flexibility and can be a more affordable option for those who don't have a large down payment or don't want to commit to a specific location for an extended period. Additionally, renting may include some amenities such as maintenance, repairs, and utilities.
On the other hand, buying a home can provide long-term financial benefits, such as building equity and potential appreciation in the property's value. It can also offer greater stability, the ability to make customizations and improvements, and the freedom to do what you want with the property.
Ultimately, the decision to rent or buy a home is a personal one and requires careful consideration of your financial situation, goals, and priorities.
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Cash received prior to delivering a product or performing a service is called a(n) a.unearned asset. b.unearned revenue. c.unearned expense. d.unearned contra-asset.
Answers
The correct answer is b. unearned revenue.
Unearned revenue, also known as deferred revenue or advance payments, refers to the cash a company receives from its customers for goods or services that it has not yet delivered or performed. Unearned revenue is considered a liability on the company's balance sheet until the work is completed or the product is delivered, at which point it becomes revenue that can be recognized on the income statement.
Unearned revenue is commonly found in industries such as software and subscription-based services, where customers pay upfront for future access to products or services. It's essential for companies to properly account for unearned revenue to avoid overstating their revenue and profits in a given period.
When a company receives unearned revenue, it records it as a liability on its balance sheet and recognizes it as revenue on the income statement when the associated goods or services are provided. The amount of unearned revenue decreases over time as the company fulfills its obligations to its customers.
In summary, unearned revenue represents cash received by a company before it delivers a product or service to its customers, making it a liability on the company's balance sheet until the related revenue is recognized on the income statement.
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In which type of economy is a business owner most likely to benefit from free enterprise?
Answers
hope this helps
Answer:
Sole proprietorship
Explanation:
I’m not 100% sure but it’s a sole individual business
What is the difference between adjustment refusal and other refusals
Answers
Answer:
Your company most likely has clear, reasonable guidelines regarding what is a legitimate reason for adjustment, while other refusal messages may deal with a variety of issues that are less clearly defined.
What are the different methods of withdrawing cash from the bank?
Answers
Most banks feature ATMs where you can use your debit card to withdraw money from your account. The ATMs at your bank are free to use, however those at other banks may require a fee.
What are the other different methods of withdrawing cash?There are several ways you can withdraw cash from a bank:
Over-the-counter withdrawal: You can ask a teller at a bank branch to take money out of your account.
App for mobile banking: Many banks have apps for mobile banking, which let you use your smartphone to withdraw money from your account. For the transaction to be successful, you might need to utilise a particular ATM.
Check: You are able to write yourself a check that you can cash at a bank or a check-cashing facility.
Cash withdrawals are possible using some banks' online banking systems. For the transaction to be successful, you might need to utilise a particular ATM.
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You make an initial deposit of $46.82 into your checking account. A week later you deposit your paycheck of $78.36. You write checks for $16.93, $26.25 and use your debit card to purchase items totaling $9.27 and $6.95. How much money do you have in your account now? *
Answers
Answer:
$65.78
Explanation:
The deposits to the accounts are
initial deposit $46.82
paycheck $78.36
Total deposits = $125.18
Withdrawals
checks $16.93,
$26.25
purchases $9.27
$6.95.
$59.4
Balance will be $125.18- $59.4
=$65.78
To become a successful entrepreneur, you should:
Select one:
O Prepare to risk all of your family assets.
O Plan to quit your job before starting.
O Choose a business that is in a field you enjoy.
O Expect to put down a lot of money.
Answers
while the industry for 5g compatible devices is in the introduction stage, the industry for 3g compatible devices are in the maturity stage. what does this imply?
Answers
While the industry for 5g compatible devices is in the introduction stage, the industry for 3g compatible devices are in the maturity stage. It implies that the market for 3G compatible devices has reached its maximum size, whereas the market for 5G compatible devices is still small in size.
The market for 3G-capable gadgets has achieved its maximum size, whilst the market for 5G-capable gadgets is still rather modest. The fourth stage of an industry's life cycle is when the industry structure changes into an oligopoly with a small number of dominant companies. Since the market has grown to its maximum size, future industry demand is probably going to be nil or perhaps negative. However, the initial market size is extremely tiny at this point.
The phrase "industry life cycle" refers to the four stages through which an industry or business grows. Each stage is characterized by certain commercial characteristics. The four stages of an industry's life cycle are introduction, growth, maturity, and decline. Industries are founded when new products are developed, but it is unclear how big the market will be, what the products will look like, and who the main competitors will be.
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3) What is the present value of $1000, received at the end of 4 years of investment, with a discount rate of 4%?
Answers
Answer:
$854.81
Explanation:
The formula for calculating the present value is as below
PV = FV/( 1 + r)^n
Where Fv =1000
r = 4% or 0.04
n= 6
PV = $1000/ (1 + 4/100)^4
PV=$1000/(1 + 0.04)^4
PV=$1000/1.16985
PV =$854.81
.
Answer:
3629.9
Explanation:
I just did the test and thats what it told me the correct answer was.
The claim that the high school drop-out rate has increased because more women have taken jobs in the workplace would be an example of
Answers
Claims that drop-out rate has increased because more women have taken jobs in the workplace is an example of false cause fallacy.
A false cause fallacy is said to occur in a statement because the link between the premises and conclusion does not even exist.
Here, phrase one is "high school drop-out rate has increased" and phrase two is "because more women have taken jobs in the workplace"
If we assess the two phrase, we will observe that their is no link between the statement to facilitate a valid conclusion because when woman taking jobs in workplaces can not result to increase in drop rate in high school.
Therefore, it is an example of false cause fallacy.
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Which of the following is the most common traits of entrepreneurs? A. Passionate B. Risk-taker C. Independence D. Self-assured
Answers
Answer:
A. Passionate
Explanation:
Hope this helps
Answer: independence
Explanation:
Campbell's, the soup manufacturer, maintains a low-level of advertising during the entire year, but Campbell's advertises heavily during the winter months when people are cold and looking for something to help warm them up. What kind of advertising strategy is Campbell's most likely using
Answers
Most likely to use commercial advertisements\ing, showing snow for the cooler winter times, Thanksgiving dinners with people and their loved ones for a warm thanksgiving dinner, this could be followed along with kids and/or elders getting a cold or flu during this winter season using Campbell’s soup as a way for them to “warm up”, because who doesn’t want a hot bowl of soup when they have a cold?
explain the concept of business?
Answers
Answer:
A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. ... The term "business" also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit.
Explanation:
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a purchased intangible is valued at its original cost. original cost for acquiring a patent would include:
Answers
Answer: Legal costs to acquire, Required filing fees, Purchase price
Explanation: