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Hoochie [10]
3 years ago
8

William pays his $500 premium every 6 months for automobile insurance with collision coverage. His deductible is $750. William c

aused a minor accident that resulted in $800 of damages to his car and $1,100 of damages to the other car. How much will William pay out-of-pocket to have both cars fixed?
Business
1 answer:
snow_lady [41]3 years ago
3 0

William will pay a total of $750 out of pocket for both cars to be fixed.

The other car is covered by the property damage portion of his insurance, so it is covered 100% by the insurance company and there is no deductible or amount that William needs to pay. William’s car will be covered by the collision portion of his insurance. He is responsible for paying the $750 deductible and the insurance company will pay the remaining $50.

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The buyer for an electronics store wants to estimate the proportion of defective wireless game controllers in a shipment of 5,00
Mila [183]

Answer: (C) Cluster sample

Explanation:

The cluster sampling is one of the sampling method type that is used for analyzing the given data or information from the given sampling cluster. In the cluster sampling method, the researches basically dividing the statistical population into the individual or separate group for analyzing the data.  

According to the given scenario, the cluster sample is one of the type of sample which us use for the given estimated problem.

The Cluster sampling is also refers as the one stage sampling process if the each element in the cluster are sampled together.

Therefore, Option (C) is correct.  

7 0
4 years ago
Time to reach a financial goal You have $42,180.53 in a brokerage account, and you plan to deposit an additional $5,000 at the e
andrew11 [14]

Answer:

It take to reach your goal is 11 years

Explanation:

given data

initial fixed amount = $42,180.53

deposit additional = $5,000

account totals = $250,000

expect to earn r = 12%

solution

we will apply Future value of annuity that is express as

Future value of annuity = initial fixed amount ×  (1+r)^{t} + deposit additional  × \frac{(1+r)^t-1}{r}     ......................a

put here value and we get

250,000 = 42,180.53  \times (1+0.12)^{t} + 5,000 \times  \frac{(1+0.12)^t-1}{0.12}          

solve it we get

time t = 11

so it take to reach your goal is 11 years

6 0
3 years ago
Consider the following pre-merger information about a bidding firm (Firm B) and a target firm (Firm T). Assume that both firms h
anastassius [24]

The share price for the merged firm is $48.09. Therefore, the correct option is C

<u>Explanation:</u>

(a)-Net Present Value (NPV)

Net Present Value (NPV) = Market Value of the Target Firm + synergistic benefit – Acquisition Value

= [3600 Shares multiply $19] plus $16700 minus [3600 Shares multiply $21]

= $68400 plus 16700 minus 75600

= $9500

“Net Present Value (NPV) = $9500  

(b) Share Price

Share price = [Market Value of the Bidding firm + NPV] / Number of shares of the Bidding firm

= [( 8700Shares multiply $47) plus $9500] / 8700 Shares

= [$408900 + 9500] / 8700 Shares

= $48.09 per share

“Share Price = $48.09 per share”

4 0
3 years ago
Which one of the following stock index futures has a multiplier of 50 Hong Kong dollars times the index?
Vadim26 [7]

Answer:

b. Hang Seng

Explanation:

Hong Kong's Hang Seng Index Futures and Hang Seng China Enterprises Index Futures operate with a contract multiplier of HK$50 (50 Hong Kong dollars) per point.

The Mini-Hang Seng Index Futures and the Mini-Hang Seng China Enterprises Index Futures operate with a contract multiplier of HK$10 per point.

3 0
4 years ago
At year-end, ABC Company is completing its closing process. Use the following account balances to demonstrate the closing of the
allsm [11]

Answer:

  • Debit Retained Earnings $500.
  • Credit Dividends for $500.

Explanation:

Dividends are payments to shareholders as a means of sharing company profits to them.

As they are a means of sharing profits, they will be paid from the Retained Earnings account. As this is an Equity account, it should be debited when it is to be reduced so Retained Earnings will be debited by $500 which is the dividend amount.

The dividend account will be credited to indicate that this is a debt that needs to be paid to shareholders so the Dividends account will be credited by $500.

5 0
3 years ago
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