The personal property items that have the HIGHEST specific limitation on coverage are jewelry, watches, and precious stones or metals because they are saved in a location, especially in banks
<h3 /><h3>The properties having HIGHEST specific limitation on coverage.</h3>
A limit is the highest amount your insurer will pay for a claim that your insurance policy covers.
Some of these specific limits apply to a building or personal property at a single location.
From the listed option, the personal property items that have the HIGHEST specific limitation on coverage are jewelry, watches, and precious stones or metals because they are saved in a location, especially in banks
Learn more on specific limitations on coverage here: brainly.com/question/27015627
You have to make sure all debits and credits in the account are accounted for. if you are balancing your checkbook, then your bottom amount should match your bank statement
Answer:
Adjusting entry the company made to record its estimated bad debts expense:
Bad Debts Expense 29,300
Allowance for Doubtful Accounts 29,300
Explanation:
The company uses the aging of receivable method to estimate uncollectible.
Estimated uncollectible would be $28,500
Before year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $800
Bad debts expense = $28,500 + $800 = $29,300
Adjusting entry the company made to record its estimated bad debts expense:
Bad Debts Expense 29,300
Allowance for Doubtful Accounts 29,300
Answer:
YTM on bond B: 11.80%
Explanation:
Investmetn A is a perpetuity with a grow rate of 2.21% and required return of 11.49%
the present value is:
A=5549.568966
if Kyan holding value is 6,600 then the bond present value is:
6,600 - 5,549.57 = 1,050.43
Now we need to calcualte the YTM for bond B:
Coupon payment =1,000 x 12.66%/2 payment per year = $ 63.3
Face Value = 1000
Present value= 1050.43
n= 9 years x 2 payment per year = 18
YTMs = 5.9010386%
This is a semiannual rate, as we were working with semiannual payment
to get the YTM we multiply by 2 and get:
YTM: 0.118020773 = 11.80%
