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
elena55 [62]
3 years ago
15

Kevin, who has liability limits of $20,000/$40,000/$20,000 and a $500 collision deductible, is involved in an accident. Due to h

is negligence he runs into a Rolls Royce. Three people sustained bodily injuries in the Rolls Royce. The driver's injuries were worth $1,000,000, a passenger received injuries worth $12,500, and another passenger received injuries of $7,100. How much will the PAP pay for these bodily injuries?
Business
1 answer:
harina [27]3 years ago
4 0

Answer:

Amount to pay by PAP = $39,600

Explanation:

The liability limits of $20,000/$40,000/$20,000 implies that the highest amount PAP will pay for driver's injuries is $20,000, while the highest to pay for the first of two passenger is $40,000 and $20,000 for second passenger.

Since the a passenger received injuries worth $12,500, and another passenger received injuries of $7,100, the PAP will the actual amount and $20,000 for the driver's injuries. The total can therefore be calculated as follows:

Amount to pay by PAP = $20,000 + $12,500 + $7,100 = $39,600

You might be interested in
Sunland Company manufactures and sells high-priced motorcycles. The Engine Division produces and sells engines to other motorcyc
Andreyy89

Important dsiclamer: there was a type in the question you enter 26,000 while in the textbook is for 20,000

Answer:

a. Decrease $1,200,000

Explanation:

Income before internal transfer:

revenue 3150

cost        1050

gross     2100

fixed      (2100)

operating     0

external engine purchase (3000)

net (3000)

After internal change:

revenue 1050

cost       (960)

gross profit  90

fixed     (2100)

operating (2010)

internal engine purchase (1,050)

net    (3,060)

difference -3060--3000 = 60

20,000 units x 60 = 1,200,000

8 0
3 years ago
To satisfy demands for withdrawals, banks keep:
astra-53 [7]
C. balance sheets

explanation:
6 0
3 years ago
Assume that the market for Good X is defined as follows: QD = 64 - 16P and QS = 16P - 8. If the government imposes a price floor
s2008m [1.1K]

Answer:

The total loss in welfare to the economy will be -$32.

Explanation:

By intersecting the supply function QS to the demand function QD, we will find the equilibrium price:

QD = QS

16P - 8 = 64 - 16P

16P + 16P = 64 +8 =

32P = 72

P = $2.00

Replacing the equilibrium price either in QS or QD, we foind the equilibrium quantity:

QS = 64 - 16*2  = 64 -32

QS =  32

In this case the total revenues at the equilibrium price RE will be:

RE = 32 * $2 = $64

On the other hand if the government imposes a price floor at $3.00, then the new total revenues RN will be:

RN = 32 * $3 = $96

Therefore the total losses is find by subtracting the revenue at the goverment price floor RN to the revenue at the equilibrium price RE:

LT = RE - RN

LT = $64 - $96 = -$32

6 0
3 years ago
Suppose a professional basketball game is to be played at a suburban arena, which increases demand for parking on the night of t
marta [7]

Answer:

A. the supply of parking will be more elastic and the price of parking will increase by a relatively large amount the night of the game.

4 0
3 years ago
Using the following to answer Q6-Q8: The results of inspection of DNA samples taken over the past 10 days are given below.
Yuliya22 [10]

Answer:

The average defective rate of the samples is:

6.3 samples per day

Explanation:

To calculate the average or mean defective rate, we will compute the total number of defective samples, and divide the result by the total number of days. It is important to note that day 7 is ignored during this calculation because there was no defective DNA sample on that day, hence it does not contribute to the average defective samples.

Total Defective DNA sample = 7 + 6 + 6 + 9 + 5 + 6 + 8 + 9 + 1 = 57

Total number of days = 9 ( Days 1 to 6, and 8 to 10).

Therefore, average defective rate = Total Defective DNA sample ÷ Total number of days

= 57 ÷ 9 = 6.3 DNA samples

8 0
3 years ago
Other questions:
  • What does it mean when a return is reject for code 0503
    9·1 answer
  • Firms that listen to existing customers and tailor offerings based on this input are far more likely to identify potentially dis
    12·1 answer
  • Basically, nations trade: Question 10 options: in order to stockpile goods in case of national disaster or emergency. in order t
    5·1 answer
  • The research and development department of a large manufacturing company would likely be organized as
    9·1 answer
  • The Republic of Monaslu has the world's most efficient car manufacturing industry, while the country of Ingora has the world's m
    14·1 answer
  • Your father is 50 years old and will retire in 10 years. He expects to live for 25 years after he retires, until he is 85. He wa
    13·1 answer
  • A customer buys 100 shares of ABC at $17 as the initial transaction in a new margin account. The customer must deposit:______
    12·1 answer
  • A risk is the likelihood of a threat source taking advantage of a vulnerability to an
    10·1 answer
  • Lets talk for a brain bro
    10·1 answer
  • What role does a fast-food corporation play when it agrees to franchise its business?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!