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Tpy6a [65]
2 years ago
8

Soon after Eric and Susan moved into their new home, a strong windstorm caused damage to their roof. They reported the roof dama

ge to be $17,000. While the roof was under repair, the couple had to live in a nearby hotel for three days. The hotel bill amounted to $320. Assuming the insurance company settles claims using the replacement value method, what amount will the insurance company pay for the damages to the roof
Business
1 answer:
Reika [66]2 years ago
6 0

The amount that  the insurance company pay for the damages to the roof is :$16,500.

<h3 /><h3>Amount Insurance company paid for damage</h3>

Total expenses incurred from the windstorm=$17,000 + $320

Total expenses incurred from the windstorm=$17,320

Insurance covered amount=$17,000 − $500 deductible

Insurance covered amount= $16,500

Inconclusion the amount that  the insurance company pay for the damages to the roof is :$16,500.

Learn more about insurance here:brainly.com/question/25855858

<h3 />
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There are 2 methods of accounting for uncollectible receivables: Direct Write-Off and Allowance methods. Describe and compare th
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The direct write off does not report about the bad debt and does not use the allowance where as the allowance method uses the allowance for doubtful accounts because it provides an estimate for the same.

<u>Explanation:</u>

The allowance method speaks to the accumulation and accrual basis of bookkeeping and is the acknowledged technique to record uncollectible records for monetary bookkeeping purposes. The direct write off method is utilized just when we choose a client won't pay.

The allowance method utilizes the stipend for doubtful records to catch amassed assessments of awful obligations. The direct write-off method does not report bad debt estimates; therefore, it does not use the allowance for doubtful accounts when reporting bad debts.

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4 years ago
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A property has a monthly net income of $1800, and an appraiser believes a 9 percent rate of return is appropriate for the proper
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Answer:

estimated value =  $240000

so correct option is C. 240000

Explanation:

given data

net income = $1800

rate of return = 9%

to find out

estimated value

solution

net income annual will be  = net income ×  12 (months)

net income annual  = $1800 ×  12

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estimated value = \frac{net\ income\ annual}{rate}

estimated value = \frac{21600}{0.09}

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4 years ago
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its mindness

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3 years ago
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3 years ago
What is the Head Start Program? A. A teaching method which equips students to regurgitate facts in order to do well on standardi
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Answer: A federal program that provides academically focused preschool to students of low socioeconomic status.

       

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