All categories

2 years ago

You are responsible for an automobile accident. Use the information below to determine:

1 answer:

3 0

The total amount your liability insurance will pay is $25,000 and the total amount your collision insurance will pay for the accident is $24,500.

<h3>Insurance</h3>

1. Total liability to pay

Total liability to pay= Car value at $25,000 repair + Car value at $20,000Repairs

Total liability to pay=$10,000+$15,000

Total liability to pay=$25,000

2. Total collision amount to pay:

Total collision=$25,000-$500 (Deductible)

Total collision=$24,500

3. The amount of additional damages you are responsible for as a result of the accident is $0.

Therefore the total amount your liability insurance will pay is $25,000 and the total amount your collision insurance will pay for the accident is $24,500.

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

#SPJ1

You might be interested in

A price ceiling above $25 per box will not prevent the market from reaching equilibrium.

ZanzabumX [31]

I think the answer to this work be True

5 0

3 years ago

you look at real estate ads for houses in naples, florida. there are many houses ranging from $200,000 to $500,000 in price. the

Cloud [144]

Right-skewed with potential outliers.

<h3>What are outliers?</h3>

An outlier is an observation in a population-based random sample that deviates abnormally from other values. In a way, this definition defers to the analyst's (or a consensus process') judgment as to what constitutes aberrant behavior.

a value in a set of data that "lies outside" (is much smaller or greater than) the majority of the other values. For instance, both 3 and 85 are "outliers" in the scores 25, 29, 3, 32, 85, 33, 27 and 28.

It's worthwhile to read Outliers. It entertains you, questions the status quo, and provokes thought. It helps you become more aware of your surroundings and the effects that culture and the environment have on your ability to succeed.

To learn more about outliers from the given link:

brainly.com/question/26958242

#SPJ4

3 0

2 years ago

Ryngaert Inc. recently issued noncallable bonds that mature in 15 years. They have a par value of $1,000 and an annual coupon of

REY [17]

Answer:

The bonds sell for $825.63

Explanation:

To calculate the price of the bond, we need to first calculate the coupon payment per period. The bonds are annual bonds so the coupon payment is per year.

Coupon Payment = 1000 * 0.057 = $57

Total periods = 15

The formula to calculate the price of the bonds today is attached.

Bond Price = 57 * [( 1 - (1+0.077)^-15) / 0.077] + 1000 / (1+0.077)^15

Bond Price = $825.63

3 0

3 years ago

What is the effective annual rate of 11 percent compounded semi-annually?

jeka94

Im pretty sure it is 11.30 percent.

5 0

3 years ago

Weiss Manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors have

AysviL [449]

Answer:

The break-even point in dollars for the proposal by Vendor A $ 157,142.86

The break-even point in dollars for the proposal by Vendor B =$ 140,000

Explanation:

Weiss Manufacturing

Proposal A Proposal B

The fixed costs $ 55,000 $ 70,000

The variable cost $ 13.00 $ 10.00

The revenue generated

By each unit is $ 20.00 $ 20.00

The break-even point for the proposal by Vendor A= Fixed Costs/Sales Revenue- Variable Costs

Break Even Sales Volume in Dollars= Fixed Costs/ Contribution Margin Ratio

Break Even Sales Volume in Dollars= Fixed Costs/ 1- (variable Costs/ Sales)

The break-even point in dollars for the proposal by Vendor A

= 55,000/1- (13/20)= $ 55000/ 0.35= $ 157,142.86

The break-even point in dollars for the proposal by Vendor B =

= 70,000/ 1- ( 10/20) = 70,000/0.5= $ 140,000

7 0

3 years ago

Read 2 more answers