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NemiM [27]
3 years ago
8

Pamela was injured in an auto accident by an uninsured driver. Pamela filed a claim with her insurer, American Mutual, for $2,00

0 under her "uninsured motorist" coverage. American Mutual told her that if she sought that money, her premiums would go "sky high," so Pamela dropped the claim. Later, after speaking with an attorney, Pamela sued. What claim was her attorney likely to make?
Business
1 answer:
andreyandreev [35.5K]3 years ago
7 0

<u>Answer: </u>Option a claim of punitive damages

<u>Explanation:</u>

In this case Pamela was the person who was affected due to the damages caused by the accident. The driver is uninsured and the claim was also failed accordingly. When there is no insurance the punitive damages can be claimed for compensation.

Punitive damages are calculated based on the actual damages that has taken place. The driver has to pay for the damages to the Pamela. If Pamela had to approach American mutual she has to pay high premium for the claim.

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On January 1, Concord Corporation had 113000 shares of $10 par value common stock outstanding. On March 17 the company declared
Alik [6]

Answer and Explanation:

The Journal entry is shown below:-

March 17

Stock Dividend Dr, $84,750 (113,000 × 5% × $15)

     To Common Stock Dividend Distributable $56,500 (113000 × 5% × $10)

     To Paid in capital in excess of Par - Common Stock $28,250

(Being stock dividend is recorded)

Here we debited the stock dividend and we credited the Common Stock Dividend Distributable and Paid in capital in excess of Par - Common Stock

6 0
3 years ago
Presented below is information related to Windsor Company.
zysi [14]

Answer:

Date    Account Titles            Debit         Credit

Oct 1    Cash                          $16,800

                 Common Stock                      $16,800

Oct 2    No journal entry             -                  -

Oct 3    Office Furniture         $2,500

                  Accounts Payable                  $2,500

Oct 6.   Accounts Receivable  $3, 400

                   Service Revenue                   $3,400

Oct 27   Accounts Payable       $1,100

                    Cash                                      $1,100

Oct 30   Salaries Expense       $2,650

                    Cash                                      $2,650

7 0
3 years ago
Sophia Company purchased equipment costing $120,000. The equipment has a residual value of $20,000 and an estimated useful life
mixer [17]

Answer:

Year 1 : $20000

Year 2 : $460000

Explanation:

Year 1 calculation:

120000-20000/50000*10000 =$20000

Year 2 calculation:

120000-20000/50000*23000=$46000

8 0
3 years ago
Population growth is highest in which countries answers apex
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6 0
3 years ago
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F. What effect does a low unemployment rate have on business? what effect does a high unemployment rate have on business?
taurus [48]

The effect of low unemployment rate on business is that the productivity of business will fall, and the effect of high unemployment rate on business is that the productivity of business will raise.

<h3>What is unemployment rate?</h3>

The unemployment rate refers to the state of being unemployed. The unemployment rate is derived by dividing the total number of people in the labor force by the number of people who are jobless.

The labor force is the total number of people who are employed and unemployed. A low unemployment rate has the impact of lowering business productivity, whereas a high unemployment rate has the effect of increasing business productivity.

Therefore, the unemployment rate is defined as the state of being unemployed.

Learn more about the unemployment rate, refer to:

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