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2 years ago

What are the two types of required insurance coverage to comply with florida's no-fault law?

1 answer:

4 0

Personal injury protection (PIP), which pays for your own medical bills after a crash, and property damage liability, which covers damage you cause to other people's property, are the only two types of insurance coverage.

<h3>What is the insurance coverage?</h3>

The amount of risk or responsibility that is covered for an individual or entity by insurance services is referred to as insurance coverage.
Auto insurance, life insurance, and homeowners insurance are the most prevalent types of insurance coverage.
Insurance coverage assists consumers in recovering financially from unexpected events such as automobile accidents or the loss of a family's income-producing adult.
The insured person is responsible for paying premiums to the insurance company in exchange for insurance coverage.
The only two categories of insurance coverage are personal injury protection (PIP), which pays for your own medical bills following a collision, and property damage liability, which covers damage you cause to other people's property.

Therefore, personal injury protection (PIP), which pays for your own medical bills after a crash, and property damage liability, which covers damage you cause to other people's property, are the only two types of insurance coverage.

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Crane Company has outstanding accounts receivable totaling $6.40 million as of December 31 and sales on credit during the year o

atroni [7]

Answer:

$320,000 or $0.32 million

Explanation:

In accounting, the percentage of bad debt expenses is applied to the outstanding accounts receivable at the end of a particular accounting period.

In the question, the end of the accounting period is given as December 31 and the outstanding accounts receivable as at that December 31 is a total of $6.40 million. Therefore, we will disregard other values and simply apply 5% to the the outstanding accounts receivable of $6.40 million as at that December 31 as follows:

Bad debt = Outstanding accounts receivable × 5%

= $6.40 million × 5%

= $6,400,000 × 5%

= $320,000

Therefore, the amount of bad debt expense to recognized for the year is $320,000 or $0.32 million.

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3 years ago

The impact fiscal multiplier is A. usually estimated to have an average value of 2. B. usually estimated to have an average valu

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Answer:

D. the multiplier effect of a fiscal policy action that applies to a long-run period after all influences on equilibrium real GDP have been taken into account.

Explanation:

The fiscal multiplier measures the effect that increases in fiscal spending will have on a nation's economic output, or gross domestic product (GDP).

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3 years ago

Your regular rate of pay is $8.25 an hour. You worked 40 hours plus 4 hours of overtime at 1.5 times your regular pay. Calculate

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Young gross pat 40 hours is 20 dollars

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3 years ago

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Express Logistics provides the following information: Operating income $ 1 comma 600 comma 000 Net sales $ 13 comma 500 comma 0

pogonyaev

Answer:

Return on investment = 86.49 %

so correct option is B. 86.49%

Explanation:

given data

Operating income = $1,600,000

Net sales = $13,500,000

Average total assets = $1,850,000

target rate of return = 30%

to find out

company's return on investment

solution

we get here Return on investment that is express as

Return on investment = Operating income ÷ Average total assets .............1

put here value we get

Return on investment = $\frac{1,600,000}{1,850,000}$

Return on investment = 0.86486

Return on investment = 86.49 %

so correct option is B. 86.49%

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4 years ago

For $300,000, Willis agrees to build a new home for Robert, who is very picky. Willis builds the home to Robert's specifications

Vlada [557]

Answer:

d. Willis breached the contract, but the breach was not material.

Explanation:

Willis agree to built a new home for Robert. The contract price was $300,000. Robert specified the features for the new home and since he is very picky he did not wanted to compromise on the specification he decided. Willis made a mistake and faucets and linoleum flooring are not exactly what Robert specified. The amount required to put the faucet back to its condition which Robert specified is $300 which is 1 percent of the total contract amount. The amount of breach is not material but Willis has breached the contact with Robert.

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3 years ago