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ra1l [238]
3 years ago
12

Charles is a consultant living in a rented apartment. Which of the following statements would represent a logical position for h

im to take on renters insurance? Select the best answer from the choices provided.
A. Charles should buy renters insurance because the premiums are not substantially less than the value of his belongings.
B. Charles should buy renters insurance to protect the value of the property.
C. Charles should forgo renters insurance if the premiums will quickly overtake the value of his belongings.
D. Charles should forgo renters insurance if the deductible is substantially less than the value of his belongings.
Business
1 answer:
miskamm [114]3 years ago
3 0

C. Charles should forgo renter's insurance if the premiums will quickly overtake the value of his belongings.

Renter's insurance is a useful and valuable tool to protect tenants against loss  or damage of  their property, and is a wise purchase in most cases. However, if you are paying more every month in your insurance premiums than the total value of the goods you are protecting, the insurance may no longer be worth the cost.

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To eliminate the deficit​ (and halt the growth of the net public​ debt), a politician suggests that​ "we should tax the​ rich."
Bad White [126]

Answer:

D. All of the above.

Explanation:

All the given statements are correct, they will have to tax the middle class as well, government will have to reduce the expenditure and just taxing the rich will not be enough. To eliminate the deficit, government spending must be reduced.

8 0
3 years ago
Liabilities are items you own that have value. <br> True False
shutvik [7]
That statement is false.
Liabilities are items that you owed to another people because of a certain transaction. (such as when you buy a certain product on credit)
We refers valuable items that we owned as an asset, which we could use to fund the operation that generate more wealth for us.
6 0
3 years ago
Read 2 more answers
Ace Company sells merchandise to a customer in the amount of $200 on credit, terms n/30. The entry to record this sale would inc
Eduardwww [97]

The journal entry to record the given sale of $200 on credit would include a debit to the bill receivables account.

<h3>What is a journal entry?</h3>

A systematic and chronological record of financial transactions that take place in a business organization during a given period is known as a journal entry.

Hence, the significance of journal entry is given.

Learn more about a journal entry here:

brainly.com/question/20421012

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6 0
2 years ago
You are trying to choose between purchasing one of two machines for a factory. Machine A costs $15,500 to purchase and has a thr
maxonik [38]

Answer:

EAC of Machine A is $6,788.64

EAC of Machine B is $6,094.62

 We should purchase Machine B because of its ]lower EAC

Explanation:

Equivalent Annual Cost (EAC) = (Asset price x discount rate)/(1-(1+discount rate)^(-n))), in which n is the number of year for usage of asset.

EAC of Machine A is $6,788.64 = ($15,500x15%)/(1-(1+15%)^(-3))

EAC of Machine B is $6,094.62 = ($17,400x15%)/(1-(1+15%)^(-4))

3 0
3 years ago
Veronica lives in a cold climate where ice, snow, and freezing temperatures are common during the winter months. Unlike other em
sergiy2304 [10]

Answer:

C. Dependable.

Explanation:

Veronica is showing that she is dependable as she never misses a day of work, even though she lives in a cold climate where ice, snow and freezing temperature are common, which shows that she is reliable and committed towards her work. An employer can trust employees like her in assigning some of very important task or role, which is time-bound and require commitment. There are two characteristics of a dependable person is honesty and reliability, the reliable employee is the one who is committed.

8 0
4 years ago
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