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IgorLugansk [536]

3 years ago

10

If a person drives an automobile, they are required by law to have automobile liability insurance. in which situation would this

type of policy protect the policyholder?

1 answer:

cupoosta [38]3 years ago

7 0

James backed into a vehicle in the grocery store parking lot and caused $2000 in damages to his own car and $3000 in damages to the other vehicle.

You might be interested in

The entries for the debit account titles in the "Account Title" column are written

Mice21 [21]

The correct answer is A. about one-half inch away from the left side. This is the format followed in listing down entries of account titles for better readability. This is one way of highlighting the account title column and give emphasis on the accounts falling under the debit category.

8 0

4 years ago

ayton Inc. reports in its Year 7 annual report, sales of $7,362 million and cost of goods sold of $2,945 million. For next year,

maks197457 [2]

Answer: $2,974.45 million

Explanation:

Cost of goods sold for Year 7 = $2,945 million

Cost of goods sold is expected to increase by 1%.

Cost of goods sold in Year 8 will be:

= 2,945 * (1 + 1%)

= $2,974.45 million

3 0

3 years ago

The mythical Three Floyds Brewery in Munster, Indiana makes a beer called Zombie Dust, which it sells in large bottles to pubs a

chubhunter [2.5K]

Answer:

Setup cost (S) = 1800

Holding cost (H) = 2.5

Annual demand (D) = 20000

Daily demand (d) = Annual demand / Number of working days = 20000 bottles/250 = 80 bottles daily

Daily production (p) = 400

a. Given production quantity Q = 10000

Holding cost = 1/2*[(p-d)/p]*QH

Holding cost = ((400-80)/(2*400))*10000 *2.5= 10000

Ordering cost = (D/Q)S = (20000/10000)*1800 = 3600

Total Cost = Annual holding cost + Annual ordering Cost = 10000 + 3600 = 13600

b. Economic production Quantity (EPQ) = Q

Q = √2DS/H √p/p-d

Q = √2*20000*1800/2.5 √400 / 400-80

Q = 6000 bottles

Holding cost = 1/2*[(p-d)/p]*QH

Holding cost = ((400-80)/(2*400))*6000 *2.5= 6000

Ordering cost = (D/Q)S = (20000/6000)*1800 = 6000

Total Cost = Annual Holding cost + Annual ordering cost = 6000 + 6000 = 12000

C. Cost difference between the current production schedule and the EPQ = 13600 - 12000 = 1600

4 0

3 years ago

Information related to Tamarisk, Inc. is presented below. 1. On April 5, purchased merchandise on account from Culver Company fo

GREYUIT [131]

Answer:

Required a

<u>April 5,</u>

Merchandise $38,900 (debit)

Accounts Payable ; Culver Company $38,900 (credit)

<u>April 6</u>

Freight Cost $800 (debit)

Cash $800 (credit)

<u>April 7</u>

Equipment $39,900 (debit)

Accounts Payable $39,900 (credit)

<u>April 8</u>

Accounts Payable ; Culver Company $5,000 (debit)

Merchandise $5,000 (credit)

<u>April 15</u>

Accounts Payable ; Culver Company $33,900 (debit)

Discount Received $678 (credit)

Cash $33,222 (credit)

Required b.

Accounts Payable ; Culver Company $33,900 (debit)

Cash $33,900 (credit)

Explanation:

When Tamarisk, Inc. paid the balance due to Culver Company on April 15, the payment is made within the discount period. Thus Tamarisk, Inc <em>is granted a discount of 2%</em> and pays the Account at $33,222 (net of credit granted on merchandise previously returned) .

However, when Tamarisk, Inc. paid the balance due to Culver Company on May 4 instead, the payment is made outside the discount period. Thus Tamarisk, Inc is <em>not granted a discoun</em>t pays the Account in full at $33,900 (net of credit granted on merchandise previously returned) .

6 0

4 years ago

The common stock of Auto Deliveries sells for $27.21 a share. The stock is expected to pay $1.80 per share next month when the a

DanielleElmas [232]

Answer:

Market rate of return on stock = 11.2152%

Explanation:

Details provided are

Market rate per share = $27.21

Dividend to be paid at year end = $1.80

Expected dividend growth rate = 4.6%

Expected return of market has to be calculated.

Using the dividend growth model we have,

$Price\ of\ share\ = \frac{Dividend\ at\ year\ end}{Market\ return\ - Growth\ rate}$

$27.21 = \frac{1.80}{Rm - 4.6}$

Market return - growth = $\frac{1.8}{27.21} = 6.6152$

Market return = 6.6152 + 4.6 = 11.2152%

Market rate of return on stock = 11.2152%

5 0

4 years ago