A low deductible plan is the type of insurance that will require the driver to pay less out of pocket. If a person has a high deductible plan, the out of pocket payment would be a lot higher. A low deductible plan has much higher premiums that must be paid. The high deductible insurance has much lower premiums. After a wreck that is caused by the driver, most insurances will raise the premiums paid. Unless you with an insurance company that accident forgiveness plans. The correct answer to this question is B. Low Deductible Plan.
Answer:
$314,000
Explanation:
The computation of total assets is shown below:-
Total equity = $161,000
Revenue = $226,000
Expenses = $173,000
Liabilities at the end of the year = $100,000
Income of the year = $226,000 - $173,000
= $53,000
Total assets of the company at the end of the year = (Total Stock Holders Equity) + Total Liabilities
=(Total equity at the beginning of the year + Income for the year ) + Liabilities at the end of the year
= $161,000 + $53,000 + $100,000
= $314,000
Goods and services
Hope I helped
