The total damages is calculated by adding the damages and the cash grants:
1800 + 4000 + 56000 = 61800

The insurance company will cover according to the policy 50/100/10
1800(0.5) + 4000(1.0) + 56000(0.01) + 250 = 5710

The office furnishing will be responsible for the difference:
61800 - 5710 =$56,090

8 0

3 years ago

Read 2 more answers

Question 8 Presented below are changes in the account balances of Wenn Company during the year, except for retained earnings. In

skelet666 [1.2K]

Solution:

Change in assets= 28,860-17,010+52,010+46,730= 110,590(increase)

Change in liabilities= 32,580-19,620=12,960 (increase)

Change in stockholders equity= 110,590-12,960 = 97,630

Net increase= 97,630

Change in common stock= 63,760

Additional paid in capital= 15,390

Net increase accounted for = 63,760-15,390= 48,370

Increase in retained earnings (net income)= 32560

Compute the net income for the current year.

Net income $32560

7 0

3 years ago

Do you think scientific management made business more successful

Sati [7]

Scientific management has evidently made business operations and efficiencies far more successful in their strategies and processes, due to the ability to quantify specific data sets and analyze this information to understand how best to implement a more effective and growing strategy.

5 0

3 years ago

Read 2 more answers

According to statistics, a person will devote 33 years to sleeping and watching tv. the number of years sleeping will exceed th

zepelin [54]

Let n represent the number of years watching TV.

Then let sleeping represent as n+19.

Solution for this problem is:

n+n+19=33

2n=14

n = 14 divided by 2

n=7

7 years are spent watching TV while 26 years are spent in sleeping.