Answer:
Sophie's policy will pay $100000, John's policy will pay $200000 ( A )
Explanation:
John having a pa with liability limits 250/500/50 means that John has a liability limit of $200000 and since John was the driver of the Sophie's vehicle he will pay $200000 due to the driver policy
and Sophie's policy will pay the remaining $100000 as a secondary payment since she was not the driver when the accident happened .
total liability in Bodily injury suffered by one person during the cause of the accident = $300000
Answer:
$562,500
Explanation:
Depletion expenses = Land expenses
Depletion expenses = [$2,300,000 - $50,000 / 4]
Depletion expenses = $2,250,000 / 4
Depletion expenses = $562500
So, the depletion expense recorded for 2018 is $562,500
Answer:
I would have to choose Life guarding.
Answer:
II, III, IV are correct
Explanation:
According to my knowledge and understanding cash flow projection for a new product should include:
II. Capital expenditures for equipment to produce the new product,
III. Increase in working capital needed to finance sales of the new product,
IV. Interest expense on the loan used to finance the new product launch.
whereas Money already spent for research and development of the new product is irrelevant as it was incurred already and not incremental.