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1 year ago

Under the basic dwelling form, when is damage caused by vandalism included as covered peril?

1 answer:

7 0

Under the basic dwelling form, when is damage caused by vandalism included as covered peril when a premium for extended coverage is mentioned in the declaration.

<h3>What is dwelling policy ?</h3>

A dwelling policy is a substitute to a homeowners insurance. Dwelling insurance can cover more than just fire only. It is the part of homeowners insurance policy that helps pay for the rebuilding, repair of physical structure of one's home if the damage is by covered hazard. But Dwelling policy isn't for all, so it can be beneficial for: Vacation homes, Vacant homes, Rental properties, Older homes, and Seasonal homes.

The damage caused by vandalism is covered under the basic DP-1 form when a Premium for Extended Coverage is mentioned in the Declarations. perils such as Vandalism, Hail or Windstorm, Explosion, Riots, Smoke, Vehicles, and Volcanic Eruption can be included.

Therefore Under the basic dwelling form, Damage caused by vandalism included as covered peril when a premium for extended coverage is mentioned in the declaration.

Learn more about Dwelling policy here:

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Employees who record and are paid for the exact of amount of time spent working are paid on a(n) _____ basis.

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An hourly basis.
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3 years ago

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Explain the benefit to a business of undertaking some steps of one project simultaneously

MrRa [10]

It can be beneficial of a company to undertake some steps of one project simultaneously if the parts of the project go together. When a company focuses on different aspects of a project that relate at the same time, they will likely receive completion the of project parts at the same time. They can also benefit by learning as they go and adjusting the different steps to compliment their corresponding parts at the same time.

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3 years ago

Raw materials inventory was $27,000 at the beginning of the year and $25,000 at the end of the year. During the year, $100,000 i

tatuchka [14]

Answer:

c. $74,000

Explanation:

Raw Material Ending Inventory = Raw Material Beginning Inventory + Purchases - Cost of material for the year

Raw Material Ending Inventory = Raw Material Beginning Inventory + (Total Purchases- Indirect material purchased) - Cost of material for the year

$25,000 = $27,000 + ( $100,000 - $28,000 ) - Cost of material for the year

$25,000 = $27,000 + 72,000 - Cost of material for the year

$25,000 = $99,000 - Cost of material for the year

Cost of material for the year = $99,000 - $25,000

Cost of material for the year = $74,000

4 0

3 years ago

A work-at-home opportunity is available in which you will receive 2 percent of the sales for customers you refer to the company.

olga55 [171]

Answer:

$37,500

Explanation:

You receive 2% of the sales.

You have to earn $750 to break even, or cover the franchise cost.

So, if we let Sales be "x", we can say:

<u><em>2% of x would be 750</em></u>

What is 2% in decimal?? We divide by 100, so we have:

2% = 2/100 = 0.02

Now, we convert the word equation above to mathematical equation:

0.02 * x = 750

Now, we solve for x, the amount customers have to buy (or sales):

$0.02*x=750\\x=\frac{750}{0.02}\\x=37,500$

Hence,

Customers would have to buy $37,500 to cover the cost of this fee.

6 0

4 years ago

The current zero-coupon yield curve for risk-free bonds is as follows: Maturity (years) 1 2 3 4 5 YTM 5.05 % 5.49 % 5.78 % 5

kondor19780726 [428]

Answer:

The answer is $79.42

Explanation:

Zero-coupon bonds does not make any periodic payments of interest. It pays both the interest and the face value at maturity.

N(Number of periods) = 4 years

I/Y(Yield to maturity) = 5.93 percent

PV(present value or market price) = ?

PMT( coupon payment) = 0

FV( Future value or par value) = $100

We are using a Financial calculator for this.

N= 4; I/Y = 5.93; PMT = 0; FV= $100; CPT PV= -79.42

Therefore, the market price of the bond is $79.42

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3 years ago