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Advocard [28]
3 years ago
14

A flood damages a home that is in a community in early stages of participation in NFIP, but are not yet considered a participati

ng community. What is the maximum a resident may receive for damages to personal property?
Business
1 answer:
stepladder [879]3 years ago
7 0

Answer:

$10,000

Explanation:

The National Flood Insurance Program (NFIP) allows property owners to buy insurance that protects them from damage caused by floods. But the NFIP is available only in participating communities.

In this case, the owner will receive up to $10,000 because it is covered under the Emergency Plan.

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In the _____ stage of the advertising development process, Fallon account managers and clients must set the campaign budget. Cam
fgiga [73]

Answer:

Planning Phase

Explanation:

6 0
2 years ago
What is the difference between federal purchases and federal​ expenditures?
Pani-rosa [81]
What is the difference between federal purchases and federal​ expenditures? F<span>ederal purchases require that the government receives a good or service in​ return, whereas federal expenditures exclude transfer payments. In this case, another way to remember the two are that federal purchase requires a purchase to be made for a good or service. A federal expenditure requires no purchase to be made but a transfer of payments to happen. </span>
5 0
3 years ago
Cassie's Quilts alters, reconstructs, and restores heirloom quilts. Cassie has just spent $800 purchasing, cleaning, and reconst
Nataliya [291]

Answer:

The correct option is B.

Explanation:

The marginal benefit is the maximum amount which a person or individual is willing to pay in order to have an additional service or benefit. It is the additional satisfaction, which the person receives when an additional service or good is purchased.

So, in this case, Cassie need or require some special fabric which cost her $200 that is the additional amount she need to pay in order to complete the task. But alternatively, she could sell the quilt for $900. Therefore, she had a marginal benefit of $900, if sells the quilt as is now.

3 0
3 years ago
Celestin Manufacturing Company incurred $5,000 of depreciation on its manufacturing equipment during its first year of operation
KengaRu [80]

Answer:

A. $5,000 of depreciation expense on its income statement.

Explanation:

Assuming the company uses straight line method of depreciation, then cost of depreciation is $5,000 each year.

Now, under the income statement as per GAAP, the cost of goods sold only includes the direct cost associated with manufacturing the product.

It does not included fixed cost like depreciation.

As the depreciation is fixed and does not depend on number of units produced and sold, the depreciation to be charged in income statement = $5,000.

Therefore, the correct option is

A. $5,000 of depreciation expense on its income statement.

3 0
3 years ago
Seojun acquired an activity several years ago, and in the current year, it generates a loss of $50,000. Seojun has AGI of $140,0
ahrayia [7]

Answer:

Seojun's Adjusted Gross income is $140,000.

Explanation: Adjusted Gross income(AGI) is a term used in Financial accounting to describe the total amount of gross income remaining after certain deductions have been made to the Gross income of a business entity over a given period of time.

Since Seojun is not a Material participant,the $50,000 loss can not be considered in calculating Seojun's Adjusted Gross income.

7 0
3 years ago
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