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AnnZ [28]
2 years ago
6

When Alex had to have elbow surgery for a baseball injury, her parents were responsible for the first $500 of the cost becase th

eir previous claims had not met the ______________ on the insurance.
Business
1 answer:
tensa zangetsu [6.8K]2 years ago
4 0

Answer: deductible

Explanation:

You might be interested in
A disaster recovery site is a(n) __________ location so that you can keep from having the business close while the long-term sol
Zielflug [23.3K]

Answer:

D

Explanation:

Stopgap

A disaster recovery site, which is also known as a temporal backup site, is a place that a company can temporarily relocate to following a security breach or natural disaster. That is why it is known as a stopgap location because it is a temporary measure or short-term solution used until something better can be done about the situation; it serves as the best emergency plan for the typical situation.

6 0
3 years ago
A firm only has current assets and fixed assets. Its current assets are $100,000 and total assets are $300,000. The firm's sales
iris [78.8K]

Answer:

Firm's fixed asset turnover = 4.5

Explanation:

Given:

Current assets = $100,000

Total assets = $300,000

Firm's sales = $900,000

Find:

Firm's fixed asset turnover

Computation:

Fixed assets = Total assets - Current assets

Fixed assets = $300,000 - $100,000

Fixed assets = $200,000

Fixed asset turnover = Sales / Fixed asset

Firm's fixed asset turnover = $900,000 / $200,000

Firm's fixed asset turnover = 4.5

6 0
3 years ago
Jay sold three items of business equipment for a total of $300,000. None of the equipment was appraised to determine its value.
olasank [31]

Answer:

Consider the following calculations

Explanation:

Step 1. Given information.

Asset        Cost        Adjusted Basis

--------------------------------------------------

Skidder   230,000      40,000

Driller       120,000      60,000  

Platform  620,000        0

-------------------------------------------------

Total         970,000      100,000

Step 2. Formulas needed to solve the exercise.

Allocation for each asset =  value sold * (adjusted basis / total)

Gain on sale = Sales price - Adjusted basis amount

Step 3. Calculation and Step 4. Solution.

Sales price is allocated on the basis of adjusted value.

  • Skidder = 300.000 * 40.000/100.000 = 120.000

  • Driller = 300.000*60.000/100.000 = 180.000

  • Platform = 300.000*0/100.000 = 0

Gain on sale = Sales price - Adjusted basis amount

                        = 300.000 - (40.000 + 60.000 + 0)

                        = 200.000

6 0
3 years ago
Newton Company is considering the purchase of an asset that will provide a depreciation tax shield of $19,200 per year for 10 ye
kumpel [21]

Answer:

$480,000

Explanation:

The computation of the depreciable cost of the new asset is shown below:

Given that

Depreciation tax shield = $19,200

Tax rate= 40%

Now  

Actual Depreciation for the year is

= $19,200 ÷ 40%

= $48,000

Now  

Total Depreciation cost for 10 years  is

= $48,000 × 10

= $480,000

6 0
3 years ago
Given a prior forecast demand value of 230, a related actual demand value of 250, and a smoothing constant alpha of 0.1, what is
mojhsa [17]

Answer:

232

Explanation:

Calculation for what is the exponential smoothing forecast value for the following period

Exponential smoothing forecast value=230 + 0.1 * (250-230)

Exponential smoothing forecast value=230 + 0.1*20

Exponential smoothing forecast value = 232

Therefore the exponential smoothing forecast value for the following period will be 232

3 0
3 years ago
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