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Phantasy [73]
3 years ago
15

An insured purchased a dwelling policy with $40,000 of coverage. The insured also purchased an automatic increase in insurance e

ndorsement that increases the face amount of the policy by 4% each year. What will the coverage amount be when the insured pays the renewal premium for the 3rd year the policy is in effect
A. $44,995.00
B. $41,600.00
C. $43,264.00
D. $40,000.00
Business
1 answer:
Mila [183]3 years ago
6 0

Answer:

C. $43,264.00

Explanation:

<u>Lesson : Dwelling Insurance</u>

<u></u>

We are given a number of $40,000

We then see that the insurance goes up 4% . We are looking for how much there will be after three years.

So we add 4% into 40,000

41,600

Add another 4% into 41,600

43,264

Now you might be wondering : Why don´t I add another?

40,000 is already the first year.

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Which is not a mandatory subject matter for good-faith bargaining? a. seniority b. insurance c. pension plans d. strike vote e.
maksim [4K]

Answer:

The correct answer is letter "D": strike vote.

Explanation:

Collective Bargaining is the act by which employees organized in labor unions negotiate with employers (mainly managers) about compensations and work conditions. <em>Wages, working hours, merit pay, </em>and <em>vacation length</em>, are common topics of discussion between the two parties.

<em>A strike is the stop of operations of a company because of unattended labor union request. The decision of going on a strike or not relies merely on the union and the </em><u><em>strike vote</em></u><em> is subject to that group only.</em>

4 0
3 years ago
Most modern workers _________.
Lisa [10]

Answer:

B. Will change both their jobs and careers

Explanation:

Internet made it really easy for people to access information , including new educations. Due to the abundant of information that the people can use, acquiring new skills and connections that required to change jobs became much Easier.

According to the data that recorded by the government, around 51% of modern workers change their jobs within 1-5 years period and around 30% workers change their careers every 12 months.

4 0
3 years ago
Read 2 more answers
Professor may wants to learn how grandparents define their role when they become the guardians of their grandchild. may asks gra
nirvana33 [79]
Based on one research of Baker, Silverstein, and Putney this situation is based on a paradigm of structural lag and political economy of aging. <span>The problem of grandparents' capacity to gain custody of their own grandchildren became the problem. </span><span>Which should be the question of how the government should support a family that has this kind of situation.</span>
6 0
3 years ago
The writing requirement under the Statute of Frauds means that an agreement must simply be evidenced by some type of writing, wr
Misha Larkins [42]

Answer:

It is True. the option (a) is correct

Explanation:

Solution

Given that:

The statue of fraud can be refereed to as the requirements for specific kind of contract that should be in writing and signed by the parties involved with sufficient evidence. the main idea is to stop fraud and other types of injury.

The vital aspect of statute of frauds include  the following:

  • It applies to particular types of contract and they are six classification It include contracts for  an interest for the sale of land, contracts that need to be performed in more than a year, contracts about someone else's debt presumed by other, contract in which marriage is a deliberation, contracts for good sold value more than $500 and promises by executors or administrators.
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  • The statute of frauds avert fraudulent conduct of one party to another.

6 0
3 years ago
g "At the start of the current year, Minuteman Corporation had a credit balance in the Allowance for Doubtful Accounts of $3,500
nordsb [41]

Answer: Allowance for the doubtful accounts with a credit balance of $29,600

Explanation:

From the information that is provided in the question, the following can be deduced and the year-end financial statements should show:

Allowance for the doubtful accounts with a credit balance will be calculated as: the beginning allowance for the doubtful accounts + (the sales × Provision % ) - accounts receivable that were written off.

= $3,500 + ($1,110,000 × 3%) - $7,200

= $3500 + $33300 - $7200

= $36800 - $7200

= $29,600

6 0
3 years ago
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