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nikitadnepr [17]
3 years ago
7

Maggie called her insurance agent after estimating the damages. She had already spent $2,000 on pumping out the water and repair

ing the hot water heater, which had corroded in places.
The agent was polite. He had been getting hundreds of similar calls. . . .
"Ma'am, I'm sorry, but according to our records, you do not have flood insurance protections in your policy."



What is most likely to happen to Maggie? Check all that apply.

A. Her insurance company will eventually pay the damages.

B. She may have to pay thousands of dollars to repair and replace her possessions.

C. She will convince the insurance company that she has flood coverage.

D. She may lose her home.

E. She may go into debt.


ANSWERS: B, D, & E
Business
2 answers:
Sonja [21]3 years ago
6 0

The correct answers are B, E and D

emmasim [6.3K]3 years ago
5 0

B. She may have to pay thousands of dollars to repair and replace her possessions.

D. She may lose her home.  

E. She may go into debt.


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__________ are such things as product, price, place, and promotion and are considered part of the environment that influences th
Alenkinab [10]
The answer is "<span>Marketing stimuli".
</span>
Stimuli refers to any materials or things which are used to provoke respondents in a market research setting. Stimuli might be physical, (for example, an item) or sound/visual, for example, a film or site.Stimuli are for the most part visual, sound-related, composed or material and are utilized to expand customary interviewing methods, planning to guide respondents to concentrate on the key research point with no verbal or direct inciting and to request a response.
6 0
3 years ago
Corner Supply has a current accounts receivable balance of $246,000. Credit sales for the year just ended were $2,430,000. How m
Wewaii [24]

Answer:

See below

Explanation:

Given the above information, the average debtor days is computed as seen below.

= Total receivables / Credit sales × 365

Total receivables = $246,000

Credit sales $2,430,000

Then,

Average debtor days

= $246,000 / $2,430,000 × 365

= 36.95 days

Hence, it would take 36.95 days on the average for credit customers to pay off their debts during this past year

4 0
3 years ago
In making adjusting entries at the end of its accounting period, chao consulting failed to record $3,700 of insurance coverage t
Rama09 [41]

It is given that the company failed to record $3,700 of insurance coverage that had expired and accrued salaries expense of $2,250. It means the company has failed to record the total expenses of (3700+2250) = $5,950. This understatement of the expenses shall result in an overstatement of the income in the Income statement. Further, it will also result in the overstatement of assets (Prepaid Insurance) by $3,700 and understatement of liabilities for salaries payable by $2,250.


As a result of these two oversights, the financial statements for the reporting period will show overstatement of the income by $5,950 in the Income statement and overstatement of assets (Prepaid Insurance) by $3,700 and understatement of liabilities for salaries payable by $2,250 in the balance sheet.



3 0
3 years ago
Taylor has a retirement account that pays 4% per year compounded monthly. Every month for 20 years, Taylor deposits $444, with t
cupoosta [38]

Answer:

Taylor can withdrawn 1,374.20 dollars each month

Explanation:

Timeline:

deposits of 444 for 20 years =   withdrawals of X for 15 years

   <-----/-/-/-/-/-/-/-/-/-/-/-/-/-/-/-/-/---\\-\-\-\-\-\-\-\-\-\-\-\->

We must calcualte amount to satisfy:

future value of his deposits = present value of his withdrawals

   

We first need to get the future value of the retirement account

and then the PMT this fund can do.

<u>deposits future value:</u>

C \times \frac{(1+r)^{time} -1}{rate} = FV\\

C $ 444

time    240 (20 years x 12 months er year)

rate 0.003333333 ( 0.04 annual rate / 12 months = monthly rate)

444 \times \frac{(1+0.003333333)^{240} -1}{0.003333333} = FV\\

FV $162,847.9340

<u>withdrawals PMT:</u>

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV  $162,847.93

time 180

rate 0.005

162847.93 \div \frac{1-(1+0.005)^{-180} }{0.005} = C\\

C  $ 1,374.203

6 0
3 years ago
Standahl Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports.
VikaD [51]

Answer:

$281,612

Explanation:

Plane Operating Cost = Fixed cost + (Variable cost per unit1 × q1) + (Variable cost per unit 2 × q2)

Plane Operating Cost = $40,190 + ($2709*88) + ($10 * 303)

Plane Operating Cost = $40,190 + $238,392 + $3,030

Plane Operating Cost = $281,612

So, the plane operating costs in the planning budget for August would be $281,612

6 0
3 years ago
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