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Paladinen [302]
4 years ago
5

1. Scenario: Stephanie has been driving for four years without any major auto accidents-until today. It was pouring rain when sh

e left class, and within minutes of leaving, she was forced to make an evasive maneuver that caused her to go into a spin on the wet road. After knocking an expensive, high-end luxury car down an embankment, Stephanie came to a stop by smashing into the side of a mid-range sedan. She was found to be at fault in the accident, so let's look at the extent of the damage she caused: Luxury car: This car was totaled at a value of $95,000. Sedan: This car will need $4,000 in repairs. Hospital bills: The driver of the luxury car had $15,000 in medical bills for a broken arm, while his passenger had $185,000 in medical bills for emergency surgery and recovery. Like many Americans, Stephanie carries a 100/300/100 liability policy. Given the fact that Stephanie does not have an umbrella policy in place, how much of the remaining hospital bills for the passenger in the luxury car will she be held personally responsible for?
A. $4,000
B. $15,000
C. 85,000
D. 100,000
Business
1 answer:
Dmitry [639]4 years ago
6 0
C. 85,000 of the insurance is 100,000 for a bodily injury
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Henson company applies overhead on the basis of 120% of direct labor cost. job no. 190 is charged with $120,000 of direct materi
Marizza181 [45]
Total manufacturing costs=direct material+direct labor+manufacturing overhead

Calculate direct labor
Let direct labor be x
120%=1.2
1.2x=180000
Divide both sides by 1.2
X=180,000÷1.2
X=150,000 direct labor

Total manufacturing costs=
120,000+150,000+180,000
=450,000...answer

Hope it helps!
5 0
3 years ago
Indicate whether it would appear on the statement of cash flows as a(n)? operating activity, investing activity, or financing ac
nikitadnepr [17]

Indicate whether it would appear on the statement of cash flows as operating activities.

There are three types of cash flow: operating cash flow, investment cash flow, and financial cash flow. Operating cash flow is generated from the company's normal operating activities. This includes cash proceeds from sales, cash outlays on goods sold (COGS), and other operating expenses such as overheads and salaries.

Investing cash flows include amounts spent to purchase securities intended to be held as investments, such as securities. B. Stocks or bonds of other companies or the Treasury. Inflows are generated by interest and dividends paid on these holdings.

Learn more about cash flows at

brainly.com/question/735261

#SPJ4

7 0
2 years ago
Prepare an amortization schedule for a five-year loan of $71,500. The interest rate is 7 percent per year, and the loan calls fo
sergij07 [2.7K]

Answer:

Explanation:

Let's recall the formula that will be used for calculations

The annual payment on the loan=Present value of a loan/PVIFA

r=7%; n=5

Annual payment on the loan=71500/4.100197=17438.19

OR we can use the financial calculator and input the following data:

PV = 71500; r=7%; n=5; PMT=?

PMT=17438.19

Amortization schedule:

YEAR  Beg. balance    Total PMT    Interest PMT   Principal PMT   End. Bal.

1           71500                 17438.19      5005                 12433.19          59066.81

2          59066.81           17438.19       4134.68             13303.51          45763.3

3          45763.30           17438.19       3203.43            14234.76         31528.54

4          31528.54            17438.19       2207                 15231.19           16297.35

5          16297.35             17438.19      1140.81              16297.38          0

*5005 = 71500 ×0.07

12433.19=17438.19-5005 and so on...

5 0
3 years ago
Higgins Company plans to incur $380,000 of salaries expense if a capital project is implemented. Assuming a 40% tax rate, the sa
AlexFokin [52]

Answer:

d) $228,000 outflow

Explanation:

Calculation for the amount that the salaries should be reflected in the analysis

Using this formula

Salaries=Salaries expense-(Salaries expense*Tax rate)

Let plug in the formula

Salaries=$380,000-($380,000*40%)

Salaries=$380,000-$152,000

Salaries=$228,000 Outflow

Therefore salaries should be reflected in the analysis by a: $228,000 outflow

8 0
3 years ago
Suppose the risk-free rate is 3.5%; on average, an AAA-rated corporate bond carries a credit spread of 0.3%, an A-rated corporat
KIM [24]

Answer and Explanation:

The answer given in the question are not correct. Following should be the choices:

A: 6.5%

B: 7.4%

C: 3.8%

D: 4.6%

The correct answer is A. 6.5 %

The reason is:

3.5% x 1.1% = 4.6%

3.5% + 3.9% = 7.4%

It has to be in between this which is,

4.6% < 6.5% < 7.4%

3 0
4 years ago
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