1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
charle [14.2K]
3 years ago
14

Larry Simmons has​ split-limit 150​/225​/110 automobile liability insurance. Several months ago Larry was in an accident in whic

h he was found to be at fault. Four passengers were seriously injured in the accident and were awarded ​$243,000 each because of​ Larry's negligence. How much of this judgment will​ Larry's insurance policy​ cover? What amount will Larry have to pay out of​ pocket?
Business
1 answer:
goblinko [34]3 years ago
3 0

Answer:

Larry's insurance policy​ cover = $729,000

Amount pay by Larry = $243,000

Explanation:

Given:

Number of insurance = 3

Each injured person awarded = $243,000

Find:

Larry's insurance policy​ cover

Amount pay by Larry

Computation:

Larry's insurance policy​ cover = Number of insurance × Each injured person awarded

Larry's insurance policy​ cover = $243,000 × 3

Larry's insurance policy​ cover = $729,000

Amount pay by Larry = $243,000 (For fourth person)

You might be interested in
Lowell Corporation paid $80,000 to acquire all of Boston Company's net assets. Boston reported assets with a book value of $60,0
Pavel [41]

Answer:

Lowell Corporation

The amount that will be recorded as goodwill by Lowell Corporation to record its investment in Boston is:

= $5,000.

Explanation:

a) Data and Calculations:

Investment in Boston Company = $83,000

Fair value of assets = $98,000

Fair value of liabilities  23,000

Net value of assets = $75,000

Goodwill = $5,000 ($80,000 - $75,000)

b) Acquired Goodwill is the difference between the cost of purchasing Boston Company ($80,000) and the net identifiable assets of Boston Company ($75,000).  The net identifiable assets are calculated by subtracting the fair value of the liabilities from the fair value of the assets.

3 0
3 years ago
Assume Japan begins with its economy running at full employment. If the Japanese government increases government expenditures th
Svetllana [295]

Answer:

D) the AD curve will shift​ out, causing an increase in the Japanese price​ level, but not change in output.

Explanation:

If the government starts to increase spending, the total income will increase, shifting the AD curve outwards. Generally this situation would increase both the general price level (inflation) and total output (AS curve). But since the economy is already at full employment, real output will increase minimally (if any increase at all). The largest effect will be felt in the rise of inflation.

3 0
3 years ago
What should the driver do if he sees a steady yellow x over the lane that he driving in
Fed [463]
He would slow down yelliw mean slow down red is stop and green is go so he would slow down
4 0
3 years ago
Suppose that the public holds 50% of the money supply in currency and the reserve requirement is 20%. Banks hold no excess reser
Mice21 [21]

Answer:

the required reserves will increase by 1,200 dollars

Explanation:

the required reserve ratio is 20%

for each dollar the bank receive in deposit it can loan up to 80% and must keep 20%

the multiplier will be: 1 / 0.2 = 5

each dollar of deposit will increase the money supply by 5

and each dollar withdraw will decrease money supply by 5

Therefore, for this deposit of 6,000 dollars the bank will kept:

$6,000 x 20% = $1,200

7 0
3 years ago
The idea that firms and resource suppliers in seeking to further their own self-interests in a competitive market economy also s
Lorico [155]
That is known as the "invisible hand"
4 0
3 years ago
Read 2 more answers
Other questions:
  • According to the text, the most logical budget-setting method in advertising is the ________ method. objective-and-task affordab
    10·1 answer
  • Which research method offers the advantages of high response rates, great flexibility in dealing with respondents, and good cont
    11·1 answer
  • Held-to-maturity securities are equity securities a company intends and is able to hold until maturity true or false
    7·1 answer
  • Collector Carl displays his beer can collection at the local swap meet. Mary sees the collection and is interested in buying it.
    14·1 answer
  • Stark Company's most recent balance sheet reported total assets of $1.82 million, total liabilities of $0.84 million, and total
    5·1 answer
  • An asset was acquired on September 30, 2021, for $104,000 with an estimated five-year life and $25,000 residual value. The compa
    5·1 answer
  • What is Flex tape?????
    10·2 answers
  • n Office Manager uses a Periodic Review Inventory System: they check the inventory in their Office Supply Closet once every 10 d
    12·1 answer
  • Accents Associates sells only one product, with a current selling price of $130 per unit. Variable costs are 60% of this selling
    9·1 answer
  • 3. A U.S. MNC needs to raise capital of $100 million by issuing bonds. The firm can either raise US$ at 5% interest rate or issu
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!