1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
creativ13 [48]
3 years ago
5

Jay Miller insured his pizza shop for $200,000 for fire insurance at an annual rate per $100 of $.49. At the end of 10 months, J

ay canceled the policy since his pizza shop went out of business. Using the tables in the Business Math Handbook that accompanies the course textbook, determine the refund to Jay.
A. $127.40
B. $980
C. $186.20
D. $852.60
Business
2 answers:
Kruka [31]3 years ago
8 0

Answer:

<u><em>The answer is</em></u>: <u>B. $ 980.</u>

<u />

Explanation:

<u>Jay Miller assured his pizzeria for a total of $ 200,000 that would be $ 100 of $ 0.49 annually</u>,

We divide the $ 200,000 by the $ 100 annually and he gives us: $ 2000,

which multiplied by $ 0.49 is equal to: 2000 x 0 , 49 = $ 980.

<u><em>The answer is</em></u>: <u>B. $ 980.</u>

emmainna [20.7K]3 years ago
5 0
First, we need to determine how much per month Jay was spending:


200,000 / 100 = 2000

(2000)(.49)= 980$ a month


Then, mutiply by the 10 months:

9800$ dollars
You might be interested in
Which type of auto coverage is required by nearly every state in the country?
Serjik [45]

Answer:

liability coverage

Explanation:

it is the standard

3 0
3 years ago
Fill in the missing letter. ar_ _er​
balu736 [363]
Archer

fillfillfillfill
4 0
2 years ago
Read 2 more answers
The trial balance of Woods Company includes the following balance sheet accounts. Identify the accounts that might require adjus
almond37 [142]

Answer:

The account wise answers are given below

Explanation:

a) Account receivable are adjusted for any doubtful debts and uncollectible accounts from customers.

In this account, the adjusting entry we make as follows

Bad debt Expense        Dr.$$

Provision for Bad debts  Cr. $$

When it is certain that customer will no longer pay the specified amount, the write off entry is made as follows

Provision for Bad Debts    Dr. $$

Accounts Receivable        Cr. $$

b)Prepaid Insurance

It is adjusted when the period for it is paid in advance has lapsed or expired then expense is recorded and prepaid insurance is reduced

The adjusting entry is made as follows,

Insurance Expense   Dr.$$

Prepaid Insurance    Cr.$$

c) & d) Equipment & Accumulated Depreciation

The Assets are adjusted over their useful life for depreciation. When an asset is used during whole year, its cost is reduced and that reduction is recorded as deprecation expense and accumulated depreciation.

The Adjusting Entry is made

Depreciation Expense      Dr. $$

Accumulated Depreciation  Cr. $$

When asset is sold the adjusting entry is made,

Accumulated Depreciation Dr. $$

Asset-Equipment                    Cr. $$

e)Notes Payable & f) Interest payable

These are liabilities. When any expense is accrued and any interest is payable but not paid on loan received is recoded is liability.

The adjusting entry is made,

Interest Expense/Notes Expense   Dr.$$

Interest Payable or Notes Payable  Cr.$$

g) Unearned Service Reveune

It is liability in nature when services are not rendered but amount for those services is paid in advance then its called unearned service revenue.

When those services are actually rendered to customers, the adjusting entry is made,

Unearned Service revenue Dr. $$

Service revenue                    Cr. $$

7 0
3 years ago
If nicotine in cigarettes is highly addictive, why would it make economic sense for producers of cigarettes to offer free sample
makkiz [27]
If the nicotine cigarettes are highly addictive and they were to offer the free samples to young adults then it will make the people be highly addictive in the nicotine cigarettes and this will cause the economy in the producers to have a less demand in elasticity. If it has a less elasticity, then it will cause a large price change, affecting the consumed quantity by the consumers.
8 0
3 years ago
Read 2 more answers
Financial statements are important for:
Tpy6a [65]

Answer:

its D All the above

That's What I think

Your welcome :)

5 0
3 years ago
Other questions:
  • Quizlet MODULE 1: STRATEGIC HUMAN RESOURCE MANAGEMENT (SHRM) (Wright, 2008) 1. List and describe the components of Porter’s Stra
    12·1 answer
  • Assume that your parents wanted to have $ 130,000 saved for college by your 18th birthday and they started saving on your first
    15·1 answer
  • An account credits interest at an effective rate of 4% for years 1-3, 5% for years 4-6, and 6% for years 7-9. Deposits of $1,000
    6·1 answer
  • Athena Company provides employee health insurance that costs $15,100 per month. In addition, the company contributes an amount e
    7·1 answer
  • Help asap
    6·2 answers
  • Fabtabtix, a designer clothing brand, has been selling clothes in the country of Grolania for over 30 years. With more number of
    10·1 answer
  • During 2022, Crane Company entered into the following transactions.
    11·1 answer
  • can you help me make a timeline, of becoming a wildlife biologist here's the first two but i need a few more timelines to when I
    8·1 answer
  • The Talbot Company uses electrical assemblies to produce an array of small appliances. One of its high cost / high volume assemb
    12·1 answer
  • Two securities have a covariance of 0.022. If their correlation coefficient is 0.52 and one has a standard deviation of 15%, wha
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!