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vodka [1.7K]
3 years ago
11

A. medical payment auto 1. covers insured for life; is paid on for a specific-

Business
2 answers:
ivolga24 [154]3 years ago
5 0

Answer:

E. property damage auto 5. pays if insured is at fault and someone else's-  

property is damaged

frozen [14]3 years ago
3 0

Answer:

A. medical payment auto ⇒ 7. pays if insured is at fault and insured is hurt

B. limited-payment life ⇒ 1. covers insured for life; is paid on for a specific number of years

C. comprehensive auto ⇒ 3. pays if an auto is stolen

D. ordinary whole life ⇒ 10. covers insured for life, is paid on for life

E. property damage auto ⇒ 5. pays if insured is at fault and someone else's property is damaged

F. bodily injury auto  ⇒ 2. pays if insured is at fault and someone else is hurt

G. term life  ⇒ 8. covers insured for a specific term

H. collision auto ⇒ 9. pays if insured is at fault and insured's auto is damaged

I. endowment life ⇒ 4. provides life insurance and savings

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Exercise 9-15A (Static) Using the current ratio to make comparisons LO 9-7 The following information was drawn from the balance
kiruha [24]

Answer:

a. 1.5  and 1.8

b. Montana

Explanation:

Below is the calculation for the current ratio:

a. Formula used, Current ratio = Current assets / Current liabilities

Current ratio of Kansas = 59000 / 40000 = 1.5

Current ratio of Montana = 78000 / 43000 = 1.8

b. The company that has a higher current ratio will have a greater likelihood to pay bills so Montana is the correct answer.

6 0
3 years ago
Meir, Benson and Lau are partners and share income and loss in a 3:2:5 ratio. The partnership's capital balances are as follows:
sertanlavr [38]

Answer:

Journal Entry

a) Debit Capital- Benson $138,000 Credit Capital-North $138,000

b) Debit Capital- Benson $138,000 Credit Capital-Schmidt $138,000

c) Debit Capital-Benson $138,000 Credit Bank $138,000

d) Debit Capital-Benson $138,000 Debit Capital-Meir $28,500 Debit Capital-Lau $47,500 Credit Bank $214,000

e) Debit Capital-Benson $138,000 Debit Accumulated Depreciation $23,000 Credit Cash $30,000 Credit Equipment $70,000 Credit Capital-Meir $22,875 Credit Capital-Lau $38,125

Explanation:

a and b are the same with the same amount of capital transferred from one partner to another partner, it is just a matter of derecognizing Benson and recognize North or Schmidt.

c) Partner Benson is paid cash her capital,

d) decrease in meir's Capital = 214,000-138,000 = 76,000*3/8= $28,500

   Decrease in Lau's Capital Account = $76,000 5/8 = 47,500

Excess funds are taken from capitals or income summary account of the partnership which will affect the capitals of the remaining partners

e)  Meir's Capital = $138,000 -(70,000-23,000+30,000)

                            = $138,000-77,000

                           = $61,000*3/8 =$22,875

Lau = $61,000*5/8 =38,125

The Capital Accounts of the remaining partners will increase because of the gain made on buying out the leaving partner.

8 0
3 years ago
1) In your own words, explain the difference between simple interest and compound interest.
galben [10]
One interest is simple the other is compound......
6 0
3 years ago
Mount Company incurred a total cost of $8,600 to produce 400 units of pulp. Each unit of pulp required 5 direct labor hours to c
Sophie [7]

Answer:

The correct answer is option (B).

Explanation:

According to the scenario, the given data are as follows:

Total cost = $8,600

Total units = 400 Units

Direct labor hour per unit = 5

Variable cost = $1.50

So, we can calculate the fixed cost by using following formula:

Fixed cost = Total cost - Total Direct labor cost

Where, Total direct labor cost = $1.50 × 5 × 400 = $3,000

By putting the value in the formula, we get

Fixed cost = $8,600 - $3,000

= $5,600

5 0
3 years ago
Jan pays $70 each month for her auto insurance policy. This regular payment is called<br> a.
ella [17]
Jan pays $70 each month for her auto insurance policy. This regular payment is called PREMIUM.

Premium is the payment made by the insured party to the insurer. It primary pays the insurer for bearing the risk of payout in the event that the insurance agreement coverage is needed. Premium payment may be monthly, quarterly, semi-annually, or annually.
8 0
3 years ago
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