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Hoochie [10]
3 years ago
13

Alice is trying to save money, so she decides she’ll only buy renters insurance if and when something bad happens at her apartme

nt. Why won’t her strategy work?
Renters insurance only provides coverage for dorms, not apartments.


Insurance companies will only cover damages to her apartment if she pays triple the premium for the first month.


Alice will only be able to recover costs of furniture if she buys renters insurance after something bad happens at her apartment.


Insurance companies will only cover losses suffered while the policy is already in place.
Business
1 answer:
ahrayia [7]3 years ago
7 0

Answer:

The correct answer is letter "D": Insurance companies will only cover losses suffered while the policy is already in place.

Explanation:

Regardless of the type of insurance you purchase, the purpose of the coverage is having a policy in case an unexpected unfortunate event takes place. <em>Insurances do not enroll individuals who need the policy just because of an ongoing accident</em>. Those individuals could enroll in an insurance plan but the ongoing accident will not be covered by the company. Only those events happening when the policy is already valid are subject to evaluation for coverage.

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Kansas Enterprises purchased equipment for $60,000 on January 1, 2021. The equipment is expected to have a five-year service lif
Yuki888 [10]

Answer:

$11000

Explanation:

Depreciation is the reduction in the value of an asset over time due to regular wear and tear. Straight - line depreciation is where the same amount is reduced every year over the life of the asset. It is calculated as (Cost of asset - residual value) / number of useful life years

= ($60000 - $5000) / 5 = $11000

3 0
3 years ago
Teel Printing uses two measures of activity, press runs, and book set-ups, in the cost formulas in its budgets and performance r
hoa [83]

Answer:

Spending variance                              $100 unfavorable

Explanation:

The spending variance is the difference between the standard cost allowed for the actual activity and the actual cost of the activity

                                                                                                    $

Standard cost allowed for the actual activity

=7,850 + (402×203) + (952×112)=                                          196,080

Actual cost                                                                                <u>196,180</u>

Spending variance                                                                       <u> 100</u> unfavorable

6 0
2 years ago
On January 1, 2014 the Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $30,000 and $500, respect
san4es73 [151]

Answer:

correct option is $750

Explanation:

solution

we know here that Net balance of opening accounts receivable is

Net balance of opening accounts receivable = $30000 - $500

Net balance of opening accounts receivable = $29500

and

Credit sales during the year is here $7500 0

and Cash payments received = 74550

so

uncollecectible account expenses = credit sales × % of sale uncollectible

so uncollecectible account expenses = $75000 × 1%

uncollecectible account expenses  = $750

so correct option is $750

8 0
3 years ago
The Retained earnings account has a credit balance of $23,800 before closing entries are made. Of total revenues for the period
skelet666 [1.2K]

Answer:

The ending balance in the retained earnings account is $31400.

Explanation:

The ending balance in the retained earnings accounts is equal to the opening balance of the retained earnings account plus the addition to the retained earnings for the year.

The addition to retained earnings will be the Net income less dividends.

The net income for the year was = 75200 - 55000 = $20200

Addition to Retained earnings = 20200 - 12600   = $7600

Closing balance of retained earnings = 23800 + 7600  = $31400

4 0
3 years ago
The manager of a local grocery store introduces a short conveyor belt that allows customers to place items on it prior to checki
goblinko [34]

This change is an example of the <u>"Ergonomic"</u> approach to job design.


"Job design" alludes to the way that an arrangement of assignments, or a whole job, is composed. Job design decides:  

What tasks are finished.  

How the tasks are finished.  

What number of tasks are finished.  

In what arrange the tasks are finished.  

A well designed job will energize an assortment of 'good' body positions, have sensible quality necessities, require a sensible measure of mental movement, and help cultivate sentiments of accomplishment and confidence.  

Ergonomics is the art of coordinating the job to the laborer and the item to the client.

4 0
3 years ago
Read 2 more answers
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