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Jet001 [13]
3 years ago
13

The Business Auto Coverage Form covers all of the following, except:

Business
1 answer:
bija089 [108]3 years ago
3 0

Answer:

The Business Auto Coverage Form does not cover automatic coverage for physical damage to trailers.

The correct answer is C                      

Explanation:

Trailers used for business purposes may be covered by physical damage coverage but they are not covered by automatic coverage.

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Cusic Music Company is considering the sale of a new sound board used in recording studios. The new board would sell for $24,200
inn [45]

Answer:

$31,312,440  

Explanation:

Working for Net Income Calculation is attached in MS Excel File Format with this answer, Please Fins it.

Net Income =  $29,977,440

As we know that the depreciation is a non cash expense, so it will be added back to the net income to calculate the Operating cash flow.

Operating Cash Flow = Net Income + Depreciation

Operating Cash Flow = $29,977,440  + 1,335,000

Operating Cash Flow = $31,312,440  

Download xlsx
3 0
3 years ago
A company's current assets are $26,420, its quick assets are $15,090 and its current liabilities are $12,520. Its acid-test rati
Debora [2.8K]

Answer: 1.21

Explanation:

Acid test ratio is also referred to as the quick ratio and it is calculated as:

Acid-Test Ratio = Quick Assets / Current Liabilities

where,

Quick assets = $15090

Current liabilities = $12520

Acid test ratio = $15090 / $12520

= 1.2052

= 1.21

8 0
3 years ago
What is the normal journal entry when writing-off an account as uncollectible under the allowance method?.
kherson [118]

The journal entry when writing off an account as uncollectible under the allowance method is:

Allowance for Doubtful Debts     ( Dr.)              xxxxx

Accounts Receivable       ( Cr.)                                                 xxxxx

The allowance technique involves putting aside a reserve for terrible debts that are expected in the future. The reserve is based on a percent of the income generated in a reporting length, possibly adjusted for the danger associated with positive clients.

The allowance technique is used to determine how an awful lot of money a commercial enterprise needs to set apart for future awful or unrecoverable customer debt. It factors in the price of the losses an organization expects from extending patron credit.

The allowance approach requires a small commercial enterprise to estimate at the cease of the 12 months how an awful lot awful debt they have got, while the direct write-off method we could owners write off horrific debt whenever they determine a patron might not pay an invoice.

Learn more about the allowance method here brainly.com/question/4636062

#SPJ4

5 0
2 years ago
THis is funny lol my class is boring hehe I need help with my homework who can be my homework boy/girl?
Lana71 [14]

Answer:

me

Explanation:

any question

at all      

me

7 0
2 years ago
As the contestant with the longest winning streak in the history of Jeopardy, Ken Jennings won more than $2.5 million. Suppose h
aleksandrvk [35]

Answer:

Total amount = $10906400

He would receive = $ 45443.33 every month

Explanation:

Ken invested $1.6 million at 9.6% for 20 yes compounded monthly.

n = 20*12= 140

t = 20

P= 1600000

R= 9.6% = 0.096

Amount A is equal to

A = p(1+r/n)^(nt)

A =

1600000(1+(0.096/140))^ (140*20)

A =

1600000(1 + (6.857*10^-4))^(2800)

A= 1600000(1.0006857)^2800

A = 1600000*6.8165

A = 10906400

Every month, he will get

10906400/(12*20)

= 10906400/240

=$ 45443.333

8 0
3 years ago
Read 2 more answers
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