Ask question

Ask question

All categories

3 years ago

14

Henry has a $10,000 car insurance policy with a $400 per claim deductible. Henry is involved in an accident, and his car sustain

s $7,000 worth of damage. How
much will Henry's insurance company pay?

1 answer:

sertanlavr [38]3 years ago

7 0

Answer:

The answer is $6,600

Explanation:

I know this because i got it right when i answered it

You might be interested in

Your boss is considering a 5-year investment project. If the project is accepted, it would require an immediate spending of $678

marusya05 [52]

Answer:

$50.47

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator

Cash flow in year 0 = - ($678 + $58 ) = -736

Cash flow in year 1 - 4 = $173

Cash flow in year 5 = $173 + $144

I = 8.1

NPV = 50.47

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

7 0

3 years ago

A company's total marketing communications mix consists of a special blend of advertising, sales promotion, public relations, pe

marusya05 [52]

Answer:

A. the promotion mix

Explanation:

3 0

3 years ago

Which of the following describes one of the ways that the demographics of an area affect the price of housing in that area?

jeka94

Answer:

An area with younger people will have a higher demand for rentals and a lower demand for buying.

7 0

3 years ago

Read 2 more answers

During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 46,000 mini refrigerators, of whi

notsponge [240]

Answer:

$

Sales 8,800,000

Less: Cost of goods sold (W1) 5,241,739.13

Contribution 3,558,260.87

Less: Fixed manufacturing cost 598,000

Less: Fixed selling and admin cost 320,000

Net Income 2,640,260.87

<em>(W1) Cost of goods sold</em>

Direct Material 3,450,000

Direct Labour 1,196,000

Variable manufacturing cost 782,000

Variable selling cost 600,000

Total variable cost 6,028,000

Less:closing inventory 786,260.87 (6,028,000/46,000*6,000)

COST OF GOODS SOLD 5,241,739.13

8 0

3 years ago

False Value Hardware began 2016 with a credit balance of $32,000 in the allowance for sales returns account. Sales and cash coll

gayaneshka [121]

Answer:

$607,000

Explanation:

False Value Hardware began 2016 with a credit balance of $32,000 in the allowance for sales returns account.

Sales and cash collections from customers during the year were $650,000 and $610,000, respectively.

False Value estimates that 6% of all sales will be returned.

During 2016, customers returned merchandise for credit of $28,000 to their accounts.

False Value's 2016 income statement would report net sales of:

The closing balance in the allowance for sales returns account will be: 32,000 opening balance + 6% 0f 650,000 - sales returns within the year of 28,000 = $43,000

Hence Net Sales will be 650,000 - 43,000 = $607,000

5 0

3 years ago