Answer:
2. True
Bank charges are the various fees account holders are charged in respect of maintenance of the account along with any other charges incurred in respect of specific transactions (e.g. cheque clearance charges, fund transfer charges, collection charges, etc). Bank charges are charged directly to the customer account thereby reducing the bank balance shown in the bank statement. These charges are usually not recorded by the business until the bank provides the bank statement at the end of a month which is why balance as per bank statement may be lower than the cash book balance.
Answer:
do not Install guard rail because the guard rail cost exceed the expected benefits
Explanation:
given data
guard rail cost = $70,000
average damage = $10,000
guard rail prevent = 5 vehicles
to find out
What should the county do
solution
we know here guard rail cost is $70,000
but expected benefits = $10,000 × 5
expected benefits = $50,000
so we can say that do not Install guard rail because the guard rail cost exceed the expected benefits
I believe the correct answer to this is:
“Property Damage Liability”
<span>This type of coverage protects the insurer from paying out
the pocket fees especially when found at guilt of the damage. Actually this
does not cover damage to your own property but only kicks in when you are found
to be at fault of the accident.</span>
Answer:
$3,000
Explanation:
Mark's basis at the beginning of the year = $3,000
Mark's share of Wick's income = $2,000 x 50% = $1,000
the distribution of the truck = $5,000
Mark's taxable income = basis - share of profits - truck's basis = $3,000 - $1,000 - $5,000 = -$3,000, so Mark has to report a $3,000 income from this distribution.