Answer:
excess plan pay $5000
Explanation:
given data
each covering losses = $10,000
insured suffered a loss = $15,000
solution
we get here excess plan pay that is express as
excess plan pay = insured suffered a loss - each covering losses ....................1
put here value and we get excess plan pay that is
excess plan pay = $15,000 - $10,000
excess plan pay = $5,000
Answer:
TRUE
Explanation:
Front matters are pages of a report that preceeds the first text. It is the first section of a book or report and it's usually the shortest.
It is also known as PRELIMINARY MATTERS or for short PRELIMS.
It comes in different forms. It can be as simple and short as just maybe a single title page or it can include multiple titles pages, abstract, preface amongst others.
Answer:
The owner's equity amounts to $1,040,000
Explanation:
The formula to compute the owner's equity is as:
Owner's equity = Assets - Liabilities
Where
Assets = Land + Machinery + Cash
= $1,500,000 + $30,000 + $10,000
= $1,500,000 + $40,000
= $1,540,000
Liabilities = Loan
= $500,000
Putting the values above in the formula:
= $1,540,000 - $500,000
= $1,040,000
