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baherus [9]
3 years ago
10

William pays his $500 premium every 6 months for automobile insurance with collision coverage. His deductible is $750. William c

aused a minor accident that resulted in $700 of damages to his car and $1,100 of damages to the other car. William's car looks and drives fine and he chooses not to file a claim to repair his car. How much will William pay out-of-pocket to have the other car fixed?
Business
1 answer:
Aleks [24]3 years ago
4 0
I believe that William's deductible is only for damage to his car and that he won't have to pay out of pocket for the other car but will have to pay higher premiums in the future due to his being at fault in the accident at least that is what happened to me recently and it worked out that way according to the automobile insurance in British Columbia, Canada.
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sells authentic Amish quilts on her website. Suppose Sally expects to sell 1 comma 800 quilts during the coming year. Her averag
Serjik [45]

Answer:

1) Operating Leverage Factor = Contribution margin / net income

                                                = $360,000 / $225,000

                                                = 1.6

2 ) % change in Net income = 1.6 *15%

                                              =24%

PROOF  

Income Statement                              1,800 units            2,070 units

Sales                                                 $630,000               $724,500

Variable cost                                   -$270,000              -$310,500

Contribution                                     $360,000               $414,000

Fixed Cost                                       -$135,000               -$135,000

Net Income                                       $225,000               $279,000

change = 279,000 - 225,000 = $54,000

% Change = $54,000 / $225,000

                 = 0.24 *100 = 24%

Explanation:

1) Income Statement    

Sales (1,800 *$350)                                                     $630,000

Variable Cost (1,800*$150)                                        -$270,000

Contribution                                                                $360,000

Fixed Cost                                                                 -$135,000

Net Income                                                                 $225,000

3 0
3 years ago
Read 2 more answers
In Marigold Company, Treasury Stock increased $20600 from a cash purchase, and Retained Earnings increased $80400 as a result of
-Dominant- [34]

Net cash used by financing activities is C) $60100.

Financing activities encompass transactions regarding debt, fairness, and dividends. Debt and fairness financing are pondered in the cash float from the financing section, which varies with the different capital systems, dividend guidelines, or debt terms that agencies may additionally have.

Financing activities encompass cash sports related to noncurrent liabilities and proprietors' equity. Noncurrent liabilities and owners' fairness items consist of (1) the essential quantity of lengthy-term debt, (2) stock sales and repurchases, and (3) dividend bills.

Financing activities examples consist of the issuance of shares and bonds, borrowing a loan, servicing debt, shopping for returned shares, and so on. due to the fact those sports directly have an effect on an organization's capital shape, analysts and investors use this as a crucial indicator of a business enterprise's monetary health.

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6 0
1 year ago
The average cost of production for a bottle of vitamin water in the industry is $4 while its average price is $7. StoreAll Inc.
VMariaS [17]

Answer:

The correct answer is option A.

Explanation:

The average cost of production for a bottle of vitamin water in the industry is $4 while its average price is $7.

StoreAll Inc. manufactures the same product for $3 per bottle and sells it for $7 per bottle.

The store Inc manufacturers is able to produce at a lower cost than the other firms. This implies that it has a competitive advantage in the production of mineral water.

Competitive advantage refers to the conditions that help a firm outperform its competitors.

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3 years ago
Grouping workers according to their similar skills, resource use, and expertise is called a _______ structure.
Semenov [28]
Not sure about this answer I will think about it
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3 years ago
Other things the same, when the government spends more, the initial effect is that a. aggregate demand shifts right. b. aggregat
tatyana61 [14]

Answer: Option (a) is correct.

Explanation:

Correct option: Aggregate demand shifts right.

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Other things remains constant, if there is an increase in the government spending, as a result aggregate demand curve shifts rightwards. This will lead to increase the price level and level of output.

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