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4 years ago

Which of the following items below would be covered by a standard renters insurance policy?

Business

1 answer:

hjlf4 years ago

5 0

Answer:

The correct answer is letter "A": Your TV if it gets stolen or damaged in a burglary.

Explanation:

Renter's Insurance Policies offer individuals coverage on property damages for three specific situations: <em>loss of personal possession, liability, </em>and <em>Additional Living Expenses</em> (ALE). In front of burglary, the loss of personal possession coverage could provide the individual affected an amount to cover all the losses but the problem relies on what was lost. Thus, it is important to list the belongings possessed such as appliances, furniture or jewelry which were likely to be the most expensive items.

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Beginning on January 1, 2020, 5 equal deposits are to be made in a fund. Required: Using the appropriate tables, determine the e

8090 [49]

Answer:

Explanation:

$FV \div \frac{(1+r)^{time} -1}{rate} = C\\$

FV $200,000.00

time 5 years

rate 0.1% = 10/100 = 0.10

$200000 \div \frac{(1+0.1)^{5} -1}{0.1} = C\\$

C $ 32,759.496

The installment will generate 10% interest overtime and provide with a 200,000 dollar count after six years

7 0

4 years ago

Seth, Janice, and Lori each borrow 5,000 for five years at an annual nominal interest rate of 12%, compounded semi-annually. Set

Margaret [11]

Answer:

The total amount of interest paid on all three loans is 8,748.

Explanation:

Each person has borrowed 5,000 for the same period and with the same interest rate. However, the repayment is made differently by each person.

We calculate the interest paid by each person, and then sum up the three interest payments.

Seth pays = [5000 x (1 + 0.12/2)^10] - 5000 = 3,954

Janice pays = 5,000 X 0.06 x 10 = 3,000

Lori pays = [(5,000 x 10) / 7.36] - 5,000 = 1,794

Total interest payment = 3,954 + 3,000 + 1,794 = 8,748

3 0

3 years ago

Read 2 more answers

Hercules Workout World gains a client who prepays $ 660 for a package of six physical training sessions. Hercules Workout World

Sergeu [11.5K]

Answer:

Service revenue of $ 440

Explanation:

When the customer prepays, the revenue is yet to be earned hence the entries required would be a debit to cash account and a credit to unearned or deferred revenue.

As the service is rendered and revenue is earned, debit the deferred revenue account and credit the revenue account with the amount earned.

Since $660 was collected for 6 training sessions

Revenue from a training session

= 1/6 × $660

= $110

After 4 training sessions, revenue earned and to be recognized in the income statement

= 4 × $110

= $440

8 0

3 years ago

A corporation issued 6,200 shares of $10 par value common stock in exchange for some land with a market value of $94,000. The en

andreev551 [17]

Answer:

Debit Land $94,000; credit Common Stock $62,000; credit Paid-In Capital in Excess of Par Value, Common Stock $32,000

Explanation:

Preparation of what The entry to record this exchange is:

Debit Land $94,000

Credit Common Stock $62,000

(6,200*$10)

Credit Paid-In Capital in Excess of Par Value, Common Stock $32,000

($94,000-$62,000)

(To record exchange)

6 0

3 years ago

Four years ago, Velvet Purses purchased a mailing machine at a cost of $154808. This equipment is currently valued at $25955 on

AVprozaik [17]

Answer:

the book value of the shareholder equity is $53,413

Explanation:

The computation of the book value of the shareholder equity is shown below;

Book value of shareholders equity is

= Book value of mailing + net working capital - Long term debt

= $25,955 + $92,535 $65,077

= $53,413

Hence, the book value of the shareholder equity is $53,413

5 0

3 years ago