Answer:
$64,000
Explanation:
If the policy only covered $80,000 and it also had a coinsurance of 80%, then the insured ill receive: $80,000 x 80% = $64,000
The purpose of coinsurance is to lower the premiums by sharing the risks between the insured and the insurance company. In this case, the insured shares 20% of any risks that the property might suffer and the insurance company covers the remaining 80%. The higher the percentage of the coinsurance, the lower the premium, but the risk for the insured increases.
Answer:
C. Bank Z
Explanation:
the chart below: Bank X Bank Y Bank Z No monthly fees if balance stays above $500, otherwise $7 per month No monthly fees if check card is used less than 6 times per month $5 monthly fee No minimum balance $25 minimum balance No minimum balance Online banking services Online banking services Online banking services Non-Bank X ATM fee - $2.00 per transaction Non-Bank Y ATM fee - $1.50 per transaction Non-Bank Z ATM fee - $2.00 per transaction
Answer:
$16,604
Explanation:
Calculation to determine Meghann's QBI deduction
Using this formula
Meghann's QBI deduction = Taxable income *Tax rate
Meghann's QBI deduction =$83,020 x 20%
Meghann's QBI deduction =$16,604
Therefore Meghann's QBI deduction is $16,604
Answer:
July 1
Trade Receivable - Waegelein Inc $15,300 (debit)
Revenue $15,300 (credit)
July 8
Revenue $3,500 (debit)
Trade Receivable - Waegelein Inc $3,500 (credit)
July 1 1
J1
Discount Allowed $236 (debit)
Trade Receivable - Waegelein Inc $236 (credit)
J2
Cash $11,564 (debit)
Trade Receivable - Waegelein Inc $11,564 (credit)
Explanation:
July 1
Recognise Revenue and Asset -Trade Receivable
July 8
De-recognise Revenue and de-recognise asset -Trade Receivable
July 1
Payment is within the range of discount period of 10 days
J1
Recognise Discount Allowed Expense and De-recognise the Asset -Trade Receivable
J2
Recognise the Cash on receipt of payment less discount allowed and de-recognise Asset -Trade Receivable
Personal property.
Three fundamental categories of protection are covered by renters insurance, often known as tenants insurance: Personal possessions. Liability. Additional costs of living.
<h3>Of the following, which one is not protected by renter's insurance?</h3>
- Major weather catastrophes like earthquakes, landslides, sinkholes, and floods are not covered by renters insurance. In addition, if your roommate is not a named insured on the policy, the policy will not provide coverage for pest infestations (including bed bugs) or for your roommate's belongings.
- Renters' contents insurance covers the costs of replacing any stolen or damaged objects covered by the policy, protecting your things against theft and damage from fire, flood, storms, subsidence, burst pipes, and water leaks.
- Three fundamental categories of protection are covered by renters insurance, often known as tenants insurance: Personal possessions. Liability. Additional costs of living.
To learn more about Renters insurance refer to:
brainly.com/question/1973043
#SPJ4