1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MAVERICK [17]
3 years ago
8

Thad Joslin was judged at fault in an automobile accident. Three others were awarded damages of $147,000, $79,000, and $74,000.

Thad has 100/300 bodily injury liability coverage. What amount, if any, would not be covered by his insurance?
Business
1 answer:
OverLord2011 [107]3 years ago
8 0

Answer:

The amount that would not be covered by Thad Joslin insurance is $50,000

Explanation:

Thad has a 100/300 bodily injury liability coverage, this implies that he has a coverage of $100,000 bodily injury liability insurance per person and $300,000 total bodily injury liability insurance per accident. However, his insurance policy does not make provision for or cover the $50,000 property damage liability per accident. Therefore, Thad Joslin would have to pay for it.

You might be interested in
Why can a bank afford to pay interest rate on a savings account
Nadusha1986 [10]
How can a bank afford to pay interest? Banks use the money deposited on savings accounts to lend to borrowers, who pay interest on their loans. ... The difference between the money earned as interest on loans, any operating expenses, and the money paid as interest to savings accounts is profit to the banks.
3 0
2 years ago
Read 2 more answers
Amelia loves to splurge on clothes. However, when she was out shopping the other day, Amelia bought much less than she usually d
zepelin [54]

Answer:

The correct answer is letter "B": Consumer's buying power.

Explanation:

The consumer's buying power is the total amount of money the customer has to acquire goods or services whether out of cash, checking accounts or credit cards that the person possesses. It is the value of money in terms of the capacity it could buy at a specific time.

In the example, Amelia's buying power was reduced since she forgot her credit card at home being that the reason why she purchased lesser clothing than usual.

4 0
3 years ago
In general, consolidated financial statements should be prepared a.when a corporation owns more than 50% of the common stock of
anygoal [31]

Answer:

a.when a corporation owns more than 50% of the common stock of another company

Explanation:

Many a times, a parent company holds stock in it's own subsidiary company. Consolidation refers to presentation of combined profitability of a group wherein a Parent Co holds majority of the common stock i.e more than 50% of the common stock in it's subsidiary.

Such a presentation presents the combined picture of a group and helps in better comprehension and understanding by the users of the financial statements.

If a parent owns 100% stock in it's subsidiary, such subsidiary is referred to as a wholly owned subsidiary.

5 0
3 years ago
How can investors receive compounding returns? A: by selecting a savings account that has a higher interest rate B: by investing
ollegr [7]
I would choose A. But that's a recommended answer from my teacher<span />
6 0
3 years ago
During 2021, Angel Corporation had 990,000 shares of common stock and 95,000 shares of 6% preferred stock outstanding. The prefe
frozen [14]

Answer:

$7.23

Explanation:

Basic Earnings per share = (Net Income - Preferred Dividend) / Weighted average of outstanding common shares

Basic Earnings per share = ($7,350,000 - $195,000) / 990,000 shares

Basic Earnings per share = $7,155,000 / 990,000 shares

Basic Earnings per share = 7.22727273

Basic Earnings per share = $7.23

So, the amount of Angel's basic earnings per share for 2021 is $7.23.

6 0
2 years ago
Other questions:
  • Suppose that the government passes legisaltion that imposes a legal barrier to entry on the tree nursery industry and the number
    13·1 answer
  • Which condition would not help to produce a test like environment?
    7·1 answer
  • Anton believes his company's overhead costs are driven (affected) by the number of machine hours because the production process
    8·1 answer
  • Suppose that over the past decade, US inflation is greater than in Mexico. Assume that the dollar appreciates relative to the Me
    13·1 answer
  • When china's clothing industry expands, the increase in world supply lowers the world price of clothing. consider the effects th
    8·2 answers
  • AST Electrical provides the following cost information related to its production of electronic circuit boards. Per Unit Variable
    13·1 answer
  • Artville is deciding whether to purchase a new statue for the center of town. The statue will cost the city $17,000 and will onl
    10·1 answer
  • On January 1, 2019, Tonika Company issued a four-year, $10,700, 7% bond. The interest is payable annually each December 31. The
    9·1 answer
  • If the federal government requires the State of Oklahoma to install concrete barriers which line a road leading into a federal m
    5·1 answer
  • Jan tells Lee she will pay him to babysit her son Mark weekday evenings for six months. Lee agrees. Jan and Lee have formed Grou
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!