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Katyanochek1 [597]
3 years ago
11

Your son, Jason, left his skateboard at the bottom of your basement stairs. While going downstairs, you stepped on the skateboar

d and broke your ankle. The resulting medical bill was $2755. How much would your homeowner's insurance pay if you had a $1,000 per-person limit on no-fault medical payments coverage?
Business
1 answer:
Zepler [3.9K]3 years ago
7 0

Answer:

$1,000

Explanation:

No fault insurance basically protects you and your family from small accidents by paying your medical bills regardless of who is at fault. This type of policies applies to car or house insurance.

In this case, the accident was caused by Jason but since who is responsible is not important in this type of policy, then it should cover up to its maximum limit.

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Answer:

III. I, II, III, and IV.

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Explanation:

The debit-credit balance is necessary for maintaining the accounting equation in balance, i.e. all the debits must have a corresponding credit.

Asset accounts increase when they are debited and decrease when they are credited.

Liabilities accounts decrease when they are debited and increase when they are credited.

Debits are on the left side of a t-account and credits are on the right side.

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