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KatRina [158]
3 years ago
10

Alfred lost his 3 year old camera. It cost him​ $200 three years ago and had a life expectancy of 6 years. Alfred has actual cas

h value insurance on this​ camera, which means his insurance company will issue him a check for​ ________ for his loss. A new camera costs​ $500.a) $100
b) none of the above


c) $500


d) $200
Business
1 answer:
leva [86]3 years ago
5 0

Answer:

Option "A" is the correct answer to the following question.

Explanation:

Given:

Actual cost of camera = $500

Alfred cost of camera = $200

Life expectancy = 6 years

Remain life of camera = (6 - 3) years = 3 years

Computation of the current cost of the camera:

The current cost of camera = Alfred cost of camera × (Remain life of camera / Life expectancy)

Current cost of camera = $200 × (3/6)

Current cost of camera = $100

Therefore, the insurance company will pay $100 to Alfred.

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The only income Ramon needs to report on his Schedule C is his income from Form 1099-K, Payment Card and Third Party Network Tra
ad-work [718]

Answer:

False

Explanation:

Ramon is a sole proprietor and he has the right to take the profits from his business after conducting all the necessary tax deduction. Therefore, on the Schedule C Report, he can also document the income/profit he made after removing the self employment tax. He doesn't need to document the income from the payment card and other sources of income.

8 0
3 years ago
Efficiency means everyone in the economy should receive an equal share of the goods and services produced.
Rudiy27

Answer:

true

Explanation:

i agree thats equal rights

i think

7 0
2 years ago
Which of the following statements about the waiver-of-premium provision in life insurance is true?
Verdich [7]

Answer:

Correct Answer:

D) The disability must occur before a stated age, such as 65, for premiums to be waived.

Explanation:

In Life insurance, the individual insured against bad events that may likely occur in his or her life through an insurance company. This would led to the company to pay his beneficiary or the individual in question if such event happened.

<em>For waiver-of premium to occur in a life insurance,the disability of the individual must occur before the age of 65 years which is assumed to be the retirement age.</em>

7 0
2 years ago
Ronnie operates a lawn-care service. On each day, the cost of mowing the first lawn is $15, the cost of mowing the second lawn i
timama [110]

Answer:

b. $60

Explanation:

Produced surplus = Price producer is able to sell - Price producer would be willing to sell

Price the producer is able to sell = Producer surplus + Price producer would be willing to sell

= $100 + ($15 + $25 + $40)

= $180 for 3 lawn

Therefore, if Ronnie charges are customers the same price for lawn mowing, that price is

= $180 / 3

= $60

8 0
2 years ago
Suppose that real GDP is currently ​$13.55 trillion and potential real GDP is​ $14.0 trillion, or a gap of ​$500500 billion. The
Georgia [21]

Answer:

$100 billion

Explanation:

Real GDP is currently = ​$13.55 trillion

Potential real GDP =​ $14.0 trillion

Gap = ​$500 billion

Government purchases multiplier = 5.0

Tax multiplier = 4.0

To increase aggregate demand by $500 billion, the required increase in government expenditure is:

= (1 ÷ government purchases multiplier) × change in aggregate demand

= (1 ÷ 5) × $500

= $100 billion

Therefore, the government expenditure need to be increased by $100 billion.

6 0
2 years ago
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