Answer:
Changes that would increase Susie’s limits the most without increasing her monthly premium by more than $5.00 is Option C: Increase coverage on bodily injury to $100/300,000 and on property damage to $50,000.
Explanation:
Lower coverage does not necessarily means lower premiums.
Premium is the amount of one makes to keep his insurance policy active. Lower coverage would mean lower premium but that means there would be a few restrictions on the insurance policy while covering that policy.
Full coverage policies of the vehicle not only covers the liabilities but also the damage that occurs to the car.
If Susie increases the 'coverage' on the injury of the body to '$100/300,000' and on property damage to '$50,000', then her monthly premium would not increase from more than $5.00.
Answer:
$72,150
Explanation:
Calculation to determine Hummingbird’s taxable income for the year
Using this formula
Taxable income =Net active income +Portfolio income-Passive loss
Let plug in the formula
Taxable income=$240,500+$96,200-$264,550
Taxable income=$72,150
Therefore Hummingbird’s taxable income for the year is $72,150
Answer:
Option (a) is correct.
Explanation:
Depreciation in 2017:
= $1,750
Accumulated Depreciation = $29,400 + Depreciation in 2017
= $29,400 + $1,750
= $31,150
Book value on date of sale = Original cost - Accumulated Depreciation
= 50,000 - 31,150
= 18,850
Loss on sale = Book value on date of sale - Sales price
= 18,850 - 18,000
= $850 (Loss)
Answer:
3. the process is not adversarial.
Explanation:
If Farmers Pantry and Market Grocers have a long-standing business relationship that they would like to continue, they may prefer to settle their dispute through mediation because the process is not adversarial.
As long as they would like the relationship to continue, mediation is a good option because mediation is one of the methods of alternative dispute resolution (ADR) which is essentially negotiation managed by a neutral third party who assists in communicating concerns and drafting the final conclusion. It is different from arbitration, because arbitration in certain ways share some similarity with trial.
