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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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Holding all else constant, when a bank receives the funds for a deposited check Question 3 options: A) bank liabilities decrease
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Answer:

D) cash items in the process of collection fall by the amount of the check.

Explanation:

Cash Items in the process of collection are all the item which is due and are in collection process. When a fund for a deposited check is received it is transferred to the depositor's account and in process collection are reduced the balance of account holder is increased. So, the appropriate answer is D) cash items in the process of collection fall by the amount of the check.

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Marigold Manufacturers Inc. is a firm that produces and sells home appliances. Marigold Manufacturers Inc. acquires a women's ap
Ronch [10]

Answer:

unrelated diversification

Explanation:

According to my research on different business strategies, I can say that based on the information provided within the question this is an example of unrelated diversification. This is a type of diversification in which a business adds completely new and unrelated product lines to their business and enter new markets. Which is what Marigold Manufacturers Inc is doing since they sell home appliances and decided to enter into the market of women's fashion apparel.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

3 0
3 years ago
Beloved Baby Company manufactures and sells children's strollers. Each stroller requires eight screws. For September, Beloved Ba
ololo11 [35]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

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Total= 4,390

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