Answer:
Changes that would increase Susie’s limits the most without increasing her monthly premium by more than $5.00 is Option C: Increase coverage on bodily injury to $100/300,000 and on property damage to $50,000.
Explanation:
Lower coverage does not necessarily means lower premiums.
Premium is the amount of one makes to keep his insurance policy active. Lower coverage would mean lower premium but that means there would be a few restrictions on the insurance policy while covering that policy.
Full coverage policies of the vehicle not only covers the liabilities but also the damage that occurs to the car.
If Susie increases the 'coverage' on the injury of the body to '$100/300,000' and on property damage to '$50,000', then her monthly premium would not increase from more than $5.00.
Answer:
A) Breach, because the latter express warranty is valid.
Explanation:
Based on the scenario being described within the question it can be said that the result would be a breach. This is mainly due to the fact that the box stated that "will protect your feet in temperatures down to 30° below zero." and this is a valid express warranty that is being marketed by the company that created the product. Therefore since the temperature did not go below 30 and Ron still suffered frostbite then he can rightfully sue.
Answer:
PV= $1,521,531.53
Explanation:
Giving the following information:
Future value= $1,700,000
Number of periods= 1 year
Interest rate= 11%
<u>To calculate the initial value of the loan, we need to use the following formula:</u>
PV= FV/(1+i)^n
FV= future value
n= number of periods
i= interest rate
PV= present value
PV= 1,700,000/1.11
PV= $1,521,531.53
Answer:
Concept stage
Explanation:
The concept design stage is the stage of the design process that comes after the feasibility of the product has bee conducted and options or alternatives have been weighed with a decision and product specification documentation created. The concept stage design is the first design on the product showing the details of the product as contained in the specification documentation.
The firm has achieved the Shutdown point. A shutdown point is a state of operations where an organization encounters no advantage for proceeding with operations or from closing down incidentally; it is the mix of yield and cost where the organization acquires simply enough income to take care of its aggregate variable expenses.
