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bazaltina [42]
3 years ago
11

Andrew had a fire in his house that destroyed his big screen TV. He bought it 2 years ago and, according to the insurance compan

y, it has a 5 year life. If it would cost $2,000 to replace it today, how much would Andrew receive from the insurance company if he has actual cash value coverage?
Business
2 answers:
Crazy boy [7]3 years ago
8 0

Answer:

$1,200

Explanation:

Actual Cash Value defined either as i) the fair market value of the item, or ii) the Replacement Cost of the item minus depreciation based upon the age of the item that was damaged.

Replacement cost = $2,000

Depreciation= 3 years remaining of it's life = 3/5 × 100 = 60%

Actual cash value = $2,000 × 60% = $1,200.

UNO [17]3 years ago
3 0

Answer:

$1200

Explanation:

Actual Cash Value of a product is the fair market value of the product or it can be said to be the Replacement Cost of the product minus depreciation of the product based upon the age of the product that was damaged.

Replacement cost = $2,000

Depreciation = 5 years - 3 years ( remaining years ) = 2 years

= 2/5 * 100% = 40%

3 years remaining of the insurance  = 100% - 40% = 60%

therefore the Actual cash value of the big screen TV = $2,000 × 60% = $1,200.

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Answer:

If Bread and Butter Bakers meet their sales goal, their net profit per month is $11,500

Explanation:

Bread and Butter plans to use 10,000 pounds of flour per month at a price of $2.00 per pound with an additional variable expense per loaf of $1.50. They hope to sell 10,000 loaves of bread.

Total variable expense = 10,000 x $2.00 + 10,000 x $1.50 = $35,000

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Net profit = Total sales - Total variable expense - fixed costs = $60,000 - $35,000 - $13,500 = $11,500

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4 years ago
In an attempt to have funds for a down payment, Jan Carlson plans to save $3,700 a year for the next five years. With an interes
Sveta_85 [38]

Answer:

$20,857.24

Explanation:

This is an ordinary annuity question which can be solved using a financial calculator. The inputs are as follows;

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Therefore, Jan will have $20,857.24 as down payment in 5 years.

7 0
3 years ago
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antiseptic1488 [7]

Answer:

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3 0
2 years ago
The raw materials or reactants of the photosynthetic process include
Firdavs [7]
<h3><u>Full Question:</u></h3>

The raw materials or reactants of the photosynthetic process include

A. glucose and oxygen.

B. carbon dioxide and glucose.

C. carbon dioxide and water.

D. carbon dioxide and oxygen.

The raw materials or reactants of the photosynthetic process include carbon dioxide and water.

<h3><u>Explanation:</u></h3>

The process by which the light energy obtained from the sun is converted into chemical energy is photosynthesis. This process takes place in all plants having chloroplast pigments. The raw materials of this process is water and carbon dioxide.  

In the photosynthesis process water, carbon dioxide and minerals will be converted into oxygen and some organic compounds that are filled with energy. This acts as an energy source for the plants to survive. This process will not be possible in the absence of the chloroplast pigment.

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Explanation:

Certifications allows an employees to show a current or future hiring manager that they possess the skill set and expertise needed for the job.

They help the employers hire the most competent and qualified personnel for the job as it shows you know your way around the job. And when that certification is now backed by real world on the job experience, this gives the hiring manager a sense of security.

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