All categories

3 years ago

Which of the following would likely be covered under homeowners insurance but NOT by renter's insurance?

2 answers:

8 0

Hello, your correct answer is,

C) Tree branch breaks your bedroom window during a storm.

Hope I helped, tell me if I'm wrong!

andrey2020 [161]3 years ago

3 0

Answer: C. tree branch breaks your bedroom window during a storm.

Explanation:

Home insurance can be define as the insurance which helps in protecting the home of the insurance taker in the case of theft, damage,loss that could have occurred inside or outside of the home or property. The renter's insurance provides coverage to the renter in case of any loss or damage caused while living in the rented property.

C is the correct option. This is because of the fact that tree branches may break down bedroom causing the damage of the home owner not the renter. Thus the loss can be covered and damage can be restored with the homeowners insurance.

You might be interested in

Green Caterpillar Garden Supplies Inc. is a hypothetical company. Suppose it has the following balance sheet items reported at t

Zolol [24]

Answer:

the question is incomplete, so I looked for a similar one:

Statement #1: Green Caterpillar’s pool of relatively liquid assets, which are available to support the company’s current and future sales, decreased from Year 1 to Year 2.

This statement is FALSE, because:

Green Caterpillar’s total current asset balance actually increased from $15,750 million to $19,687 million between Year 1 and Year 2

Statement #2: On December 31 of Year 2, Green Caterpillar Garden Supplies Inc. had $8,072 million of actual money that it could have spent immediately.

This statement is TRUE, because:

The funds recorded in Green Caterpillar’s cash and equivalents account represents funds that are either cash or can be converted into cash almost immediately

Statement #3: If Green Caterpillar ever goes bankrupt, its common stockholders will be paid off first, then its debtholders and preferred stockholders.

This statement is INCORRECT, because:

Common shareholders are treated as residual investors

Based on your understanding of the different items reported on the balance sheet and the information they provide, if everything else remains the same, then the cash and equivalents item on the current balance sheet is likely to INCREASE if the firm issues $3 million of new common stock.

If common stocks are issued, then the journal entry should be:

Dr Cash 3,000,000

Cr Common stock 3,000,000

4 0

3 years ago

An analysis of a prospective product shows that sales for it are expected to grow by at least 10 percent each year over the next

Mila [183]

Answer: A. identifying pricing objectives and constraints

Explanation:

It is in the above mentioned stage of the Price Setting Process that the sales growth rate and business stages are accounted for as constraints or objectives to be met.

In identifying the pricing objectives and constraints, the expected growth rate should be factored in to find out what price the goods can be sold at to ensure that sales grow at the required rate for example.

7 0

3 years ago

Read 2 more answers

Scott invests money in fixing up his house, an endeavor that he expects will generate profits because he will be able to rent it

Aleks [24]

Answer:

Scott's investment is in his own property and not in a common enterprise

Explanation:

From the question, we are informed about Scott who invests money in fixing up his house, an endeavor that he expects will generate profits because he will be able to rent it out as a bed and breakfast run by his sister. In this case , it is not a security subject to federal regulation because Scott's investment is in his own property and not in a common enterprise. Securities regulation is a law in court like U S that protect transaction as well as other dealing involving security, when a company fully comply with the security regulation, litigation can be avoided by the business with private party as well as security commissioners

3 0

3 years ago

You are examining two different MMMFs. Fund A is tax-exempt and pays 5%. Fund B is taxable and pays 6%. You live in a state that

Radda [10]

Answer:

Two Different MMMFs

The tax rate to produce identical yields is 16.67%

Explanation:

For Fund A & B to produce identical yields:

Fund's A yield of 5% must equal Fund B's 6% (1 - 0.28).

Therefore, 5% = 6% (1 - tax rate)

Let (1 - tax rate) be x.

That is 0.05 = 0.06x

x = 0.05/0.06 = 0.8333

Therefore, (1 - tax rate) = 0.8333

Tax rate = 1 - 0.8333

Tax rate = 0.1667

Check: if 5% = 6% (1 - tax rate)

0.05 = 0.06 (1 - 0.1667)

0.05 = 0.049998

0.05 = 0.05

The above calculation shows that if Fund B is taxed at 16.67% instead of 28%, it would have identical yields with Fund A.

3 0

3 years ago

Meenach Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-ho

Masja [62]

Answer:

$861

Explanation:

Fixed predetermined overhead rate = Total fixed overhead cost/Total labor hours

= $ 74,000/74,000 = $ 1 PLH

Variable predetermined overhead rate = $ 3.10 PLH

Applied overhead rate = Fixed predetermined overhead rate + Variable predetermined overhead rate = $ 1 + $ 3.10 = $ 4.1 PLH

Applied overhead cost for Job X387 = Applied overhead rate x No. of labor hours required for job X387 = $ 4.1 x 210 = $ 861

8 0

4 years ago

Read 2 more answers