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3 years ago

11

Jerry has an insurance policy with a premium of $150 per month. In June, he’s in an accident and receives a bill with a total co

st of $6000. His deductible is $1500, and his coverage limit is $4000. How much total money will he owe in june?

1 answer:

bazaltina [42]3 years ago

3 0

$250

COVERAGE LIMIT-DEDUCTIBLE = $4000-$1500 = 2500

$2500/10 = $250

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_______ is considered the marketspace that bring lenders and borrowers together.

nika2105 [10]

<u>The financial market</u> is considered the marketspace that bring lenders and borrowers together.

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These financial markets play a great role in facilitating the smooth operation of the capitalist economies, thus by allocating resources and creating liquidity for businesses and entrepreneurs. Also, such markets trade in all types of securities.

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2 years ago

Conversion optimization is __________. investment that produces reliable month-over-month growth focused on attracting customers

Tju [1.3M]

Answer:

the process of testing hypotheses on elements of your site with the ultimate goal of increasing the percentage of visitors who take the desired action

Explanation:

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3 years ago

Consider two markets: the market for cat food and the market for dog food. The initial equilibrium for both markets is the same,

Yakvenalex [24]

Answer:

Elasticity of supply for dog food = 0.95

Explanation:

From the question, we have:

New quantity supplied of dog food = 107.0

Old quantity supplied of dog food = Initial equilibrium quantity = 21.0

New price = $8.75

Old price = Initial equilibrium price = $1.50

Generally, the formula for calculating the elasticity of supply is as

follows:

Elasticity of supply = Percentage change in quantity supplied / Percentage change in price ................ (1)

Where, based on the midpoint formula, we have:

Percentage change in quantity supplied of dog food = {(New quantity supplied of dog food - Old quantity supplied of dog food) / [(New quantity supplied of dog food + Old quantity supplied of dog food) / 2]} * 100 = {(107.0 - 21.0) / [(107.0 + 21.0) / 2]} * 100 = 134.375%

Percentage change in price = {(New price - Old price) / [(New price + Old price) / 2]} * 100 = {(8.75 - 1.50) / [(8.75 + 1.50) / 2]} * 100 = 141.463414634146%

Substituting the values into equation (1), we have:

Elasticity of supply for dog food = 134.375% / 141.463414634146% = 0.94989224137931

Approximated to 2 decimal places, we have:

Elasticity of supply for dog food = 0.95

6 0

3 years ago

Weston acquires a new office machine (7-year class asset) on August 2, 2017, for $75,000. This is the only asset Weston acquired

Arturiano [62]

Answer:

The total cost recovery for 2017 is $38,838.75 and The total recovery cost for 2018 is $6457.031

Explanation:

for 2017:

additional first year depreciation = $75,000*50%

= $37,500

using 7-year MACRS mid quater converntion, the depreciation % for quater 4 is 3.57%

additional MACRS cost recovery = ($75,000 - $37,500)*3.57%

= $1338.75

total cost recovery for 2017 = $37,500 + $1338.75

= $38,838.75

for 2018, additional first year depreciation is $37,500

using 7-year MACRS mid quarter convention for next year, the depreciation % fpr quarter 4 is 27.55%

the machine sold in september , so it was used for two full quarters and half third quater

the recovery is computed for 2.5 over 4 quarters of a year

additional MARSC cost recovery = $37,500*27.55%*(2.5/4)

= $6457.031

total recovery cost for 2018 is $6457.031

Therefore, The total cost recovery for 2017 is $38,838.75 and The total recovery cost for 2018 is $6457.031

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3 years ago