If a renter has only given $500 for his/her deductible, and the renter gets robbed with $1,560 worth of his belongings in the apartment. The insurance company will pay the renter the remaining $1,060 because the $500 you've paid is called the out-pocket-cost. So the answer to your question is $1,060.
Answer:
B. $27,500.
Explanation:
The computation of the minimum amount Morse receive is shown below:
= Morse capital balance - claim amount filed × his share
= $40,000 - $50,000 × 25%
= $40,000 - $12,500
= $27,500
Simply we deduct his share of claim amount form the liabilities amount so that the correct amount can come
All other information which is given is not relevant. Hence, ignored it
Answer:
Luxury Suites Hotels
Balance Sheet as of December 31, 2018:
Liabilities:
Current Liabilities:
Sales Tax Payable 400
Interest Payable (due next year) 1,000
Estimated Warranty Payable 1,300
Salaries Payable 2,600
Discount on Bonds Payable 13,500
Accounts Payable $33,000
Total current liabilities $51,800
Long-term Liabilities:
Note Payable (long-term) $200,000
Bonds Payable (due 2022) 450,000
Total long-term liabilities $650,000
Total liabilities $701,800
Explanation:
The Hotel's liabilities are the financial obligations that Luxury Suites Hostels owes the debt providers for funding its assets. They are divided into two: current and non-current or long-term liabilities. The obligations that are expected to be settled within the next one year are classified as current. The other obligations which are not expected to be settled within one year are called noncurrent or long-term liabilities. Liabilities are forms of leverage or gearing that a company employs to help her in generating profits for equity stockholders.
Answer:
a
Explanation:
this is due to the initial uptake for the product . it levels to repeat customers but others drop off the sales due to other reasons
Answer: Lower the price because demand for the good is elastic.
Explanation:
The good is elastic because the elasticity is more than 1. What this means is that when the price of the good is reduced by 1%, the demand of the good will increase by 3.5%.
If the company wishes to raise revenue therefore they should reduce their prices because more people would then buy the goods and the number of more sales would lead to higher revenue.