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3 years ago

10

Your auto insurance policy has a $200 monthly premium and $700 deductible. What is the maximum amount you will have to pay out-o

f-pocket for a car accident before your insurance covers your costs?

1 answer:

beks73 [17]3 years ago

8 0

$700 is the amount you pay before insurance pays in excess of that amount

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Why is budgeting so important?

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It allows you to carefully conserve and save your money so that you can have more in the long term but also have some to spend on everyday items.

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4 years ago

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The basic distinction between a primary and a secondary market is a. proceeds from sales in the primary market go to the current

zavuch27 [327]

Answer:

c. Only new securities are sold in the primary market.

Explanation:

Primary markets is where securities are sold for the first time. Secondary market is a place (physical o virtual place) where securities are renegociated.

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3 years ago

32. What is a predatory financial service?

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<h3>Predatory lending typically refers to lending practices that impose unfair,selective, or abusive loan term on borrowers.</h3>

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3 years ago

A survey of 50 retail stores revealed that the average price of a microwave was $375, with a sample standard deviation of $20. A

g100num [7]

Answer:

(D) $369.31 to $380.69

Explanation:

The formula is x ± t (s/√n)

x = 375

t = 2.010

s = 20

n = 50

Then,

375 ± 2.010 (20/√50)

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3 years ago

Rodriguez Company pays $385,000 for real estate plus $20,405 in closing costs. The real estate consists of land appraised at $19

MatroZZZ [7]

Answer: Please see answer in the explanation column

Explanation:

a) Allocate the total cost among the three purchased assets

Total Appraised value of the three assets = Land(193,5000 )+land improvement(86,000) + building (150,500) =$430,000

Total amount of acquisition of assets =Purchase price of assets + closing costs = $385,000 + 20,405= $405,405

1)Asset --Land

Appraised value= $193,500

percentage of appraised value = appraised value of asset / total appraised value of the three assets x 100%= 193,500/430,000 x 100= 45%

Apportioned amount = 45% x $405405 = $182,432.25

2)Asset --Land improvements

Appraised value= $86,000

percentage of appraised value = appraised value of asset / total appraised value of the three assets x 100%= 86,000/430,000 x 100= 20%

Apportioned amount = 20% x $405405 = $81,081

3) Asset --Building

Appraised value= $150,500

percentage of appraised value = appraised value of asset / total appraised value of the three assets x 100%= 150,500/430,000 x 100= 35%

Apportioned amount = 35% x $405405 = $141,891.75

Total cost = Apportioned amount of ( Land + Land improvements +Building ) =

$182,432.25 + $81,081+ $141,891.75= $405,405

b)Journal entry to record purchase of the three assets

Account Debit Credit

Land $182,432.25

Land improvements $81,081

Building $141,891.75

Cash $405,405

6 0

3 years ago