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kotykmax [81]
3 years ago
15

.. Will has a Personal Auto Policy. Which of the following cars would qualify for coverage as a "temporary substitute" under Wil

l’s policy? A. Will borrows his neighbor’s car for a week. B. Will buys a new pickup to replace his old car. C. Will rents a car for a road trip up to Maine. D. Will rents a car while his car is in the shop.
Business
1 answer:
Leokris [45]3 years ago
3 0

Answer:

Will rents a car while his car is in the shop.

Explanation:

If Will has his car in the workshop and has a Personal Auto Policy, then he can claim a temporary substitute while his car is being repaired.

A temporary subsititute is defined as an automobile that a person with an insurance policy uses in the interim when their vehicle is being repaired, has broken down, has suffered loss, or is being serviced.

Will borrowing a car while his own is in the shop is considered temporary substitution.

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Is this correct? How do I do this?!
frutty [35]
Yes your answer is correct
6 0
3 years ago
You purchase one IBM July 125 call contract for a premium of $5. You hold the option until the expiration date when IBM stock se
Trava [24]

Answer:

Loss of $500

Explanation:

Given that

Stock price = 123

Strike price = 125

Premium price = 5

Recall that

Long call profit = (MAX (stock price - strike price, 0) - premium per share

Thus,

Long call profit = Max [0, ($123 - $125)(100)] - $500

= - $500.

Therefore, the negative sign in front indicates a loss of $500

3 0
3 years ago
Long-term investments that cost the company $25 were sold during the year for $54 and land that cost $53 was sold for $28. In ad
adell [148]

Answer:

Explanation:

Long-term Investment cost = $25

Long-term Investment sales value = $54

Gain from Long-term Investment = $(54-25) = $29

Land cost = $53

Land sales value = $28

Loss from sale of Land = $(28-53) = -$25

Cash Dividend paid = $22

Total change in Assets = $(29-25) = $4

Total change in Equity = -$22

6 0
3 years ago
Manuel is a manager for a manufacturing company in which managers are expected to fully document all decisions and in which it i
ikadub [295]

Answer: Low risk taking culture

Explanation:

Organisational culture includes the behaviour, beliefs, value and principles in which an organisation operates on. It's entails the way business are done, decisions are made etc.

Low risk taking is an organisation culture aimed at minimising risks. Recommendations and Decisions are based on facts and genuine data not on abstract and unreal thoughts with decisions fully documented.

7 0
3 years ago
On April 1, 2018, Owl Co. sold $2,000,000, 5% bonds at par, convertible to 18,000 common stock, but not converted in 2018. In 20
murzikaleks [220]

Answer:$4.44

Explanation:

Net income after tax is $600,00 less 20% =$480,000

Total shares for diluted eps 90,000+18,000= 108,000

Diluted eps= 480,000/108,000

= $4.44

.

3 0
3 years ago
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