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3 years ago

The following are insured for medical payments under a Personal Auto Policy (PAP):

Business

1 answer:

Marina86 [1]3 years ago

3 0

Answer:

The correct answer to the following question is option D) all of the above statements A,B,C are correct .

Explanation:

Personal auto policy (PAP) is a pretty standardize policy design for auto insurance , where such policies provides coverage for medical payments , damage from both under insured and un insured motorists, for the liability and any damage to the vehicle. Under this policy any person who is injured by insured or insured himself or his family members and even any other person who is in possession of covered auto are all insured for receiving medical payments.

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Ray's Sounds has accumulated the following cost and market data on March 31: Cost Data Market Data iPods $24,000 $20,400 Cell ph

mixer [17]

Answer:

$64,000

Explanation:

product cost data market data lower of cost or market

ipod 24,000 20,400 20,400

cell phone 18,000 19,000 18,000

DVDs 28,000 25,600 25,600

ending inventory = 20,400 + 18,000 + 25,600

= $64,000

Therefore, The value of the ending inventory is $64,000

8 0

3 years ago

Katrina's fury has $697,400 in sales. the profit margin is 3.4 percent and the firm has 12,500 shares of stock outstanding. the

Alexus [3.1K]

<span>what is the price-earnings ratio</span> is 17.1

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3 years ago

Yield to maturity (YTM) is the rate of return expected from a bond held until its maturity date. However, the YTM equals the exp

Nonamiya [84]

Answer:

The bond will not be called.

Explanation:

The yield to maturity (YTM of, is the internal rate of return (overall interest rate) earned by an investor who buys the bond today at the market price, assuming that the bond is held until maturity, and that the principal payments are made on schedule, it is equal to the current price of the bond.

YTM equals the expected rate of return under certain assumptions like the bond will not be called.

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3 years ago

A bond that pays interest annually yields a rate of return of 7.50 percent. The inflation rate for the same period is 2 percent.

Jlenok [28]

Answer:

5.39%

Explanation:

Given that,

Bond that pays interest annually yields a rate of return = 7.50 percent

Inflation rate for the same period = 2 percent

Real rate = [(1 + nominal rate) ÷ (1 + inflation rate)] - 1

Real rate = [(1 + 0.0750) ÷ (1 + 0.02)] - 1

= (1.075 ÷ 1.02) - 1

= 1.0539 - 1

= 0.0539 or 5.39%

Therefore, the real rate of return on this bond is 5.39%.

7 0

3 years ago

To help fund his start-up business, Marc charged $400 worth of goods on his credit card. On his first bill, he was not charged a

Bogdan [553]

Answer:

$7.96

Explanation:

the first month's principal balance = $400 (initial purchase) - $20 (first payment) = $380

the second month's principal balance = $380 (carried over) + $18 (second purchase) = $398

the interest charged on the second month's principal = $398 x 2% = $7.96

7 0

3 years ago

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