<span>A written report of the boating accident must be filed within 10 days if the boat or property damage is in excess of $2000 or total boat loss. Forms can be obtained from the local law enforcement authorities. </span><span>The boat operator or owner usually completes the form unless she/he is physically unable to do so.</span>
Answer: $20,000
Explanation:
To calculate Citicorp's profit or loss we can use the following formula,
The Citigroup's profit is computed as shown below:
= Exercise Price - Spot Price + Premium received
= $ 0.59 - $ 0.60+ $ 0.02
= $ 0.01 per euro is Citicorp's profit.
Total profit will therefore be:
= $ 0.01 x 2,000,000
= $ 20,000
$20,000 is Citicorp's profit on the call option.
If you need any clarification do react or comment.
Answer:
$4,000
Explanation:
Intangible assets are usually amortized using the straight line depreciation method.
Depreciation expense = ( Cost - Salvage value) / number of years
= ($50,000 - $10,000)/ 10 = $4000
I hope my answer helps you.
Answer:
D. all of the choices
Explanation:
The UNC on the Use of Electronic Communications in International Contracts and other International agreements improve global commercial certainty by determining an Internet user´s location for legal purposes, by providing for the recognition of judgments by other nations´ courts and also by providing that e-signatures are the equivalent of signatures on paper.
Answer:
$64,000
Explanation:
If the policy only covered $80,000 and it also had a coinsurance of 80%, then the insured ill receive: $80,000 x 80% = $64,000
The purpose of coinsurance is to lower the premiums by sharing the risks between the insured and the insurance company. In this case, the insured shares 20% of any risks that the property might suffer and the insurance company covers the remaining 80%. The higher the percentage of the coinsurance, the lower the premium, but the risk for the insured increases.