In order for drivers to register their cars in Florida it is required that they have
- Proof of identity
- Proof of insurance for the state of Florida
- Application for certificate of title.
<h3>What is a car registration?</h3>
This is the registration that is mandatory for all cars in the United States. The goal is to be able to track cars that are used to carry out criminal activities and their owners.
To do this one is compulsorily required to show the proof that they own the car they are registering.
Read more on car registrations here:
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Answer and Explanation:
The computation is shown below:
a. The percentage of loss covered is
= Bought price of insurance policy ÷ purchase price × 100
= $160,000 ÷ $178,000 × 100
= 89.89%
b. The dollar amount of loss covered is
= Percentage of loss covered × suffered amount
= 89.89% × $23,000
= $20,674.70
c. For reimbursement of the fire loss the amount should be equal to the replacement cost of the home i.e $300,000. It is fully reimbursed
We simply applied the above formula
<span>In regards to providing advisory services as opposed to providing transaction-based, this would be considered consultant servicing. This is due to the fact that there is an ongoing consultation occurring between the servicer and the client at hand, rather than single, one-off transactions.</span>
<span>When a monopolist switches from charging a single price to perfect price discrimination, it reduces the consumer surplus. Consumer surplus is defined as the difference between what a consumer believes they should pay for a good or service and the total amount that they actually do pay. The amount they pay is known as the market price and what they are willing to pay is noted on the demand curve. </span>
