Answer:
B) excess insurance
Explanation:
Excess insurance is also known as excess waiver insurance and is amount that will be paid in case of an accident that exceeds normal insurance cover. The amount covered by excess insurance is agreed between the beneficiary and the insurance company.
It protects one against excess charges in cases where a car is stolen or damaged.
For example of you hire a car that has standard insurance, and it is involved in an accident. If the damage is above the limit of insurance cover you will have to pay the rental company the excess for the repairs. Excess insurance covers costs that are high, with some covering up to $6,000.
So if ABC purchases insurance for part of property loss that exceeds $1 million, they are purchasing excess insurance to protect themselves from loss.
Answer:
Recognized gain = $60000
Explanation:
Below is the calculation:
Price of personal resident = $400000
Selling price = $460000
Since Alan purchased the house for $400000 and selling it for $460000. Therefore recognized gain can be determined by subtracting the purchase price from the selling price.
Recognized gain = $460000 - $400000
Recognized gain = $60000
In accounting, net worth is defined as assets minus liabilities. Essentially, it is a measure of what an entity is worth. For an individual, it represents the properties owned, less any debt the person has. For a company, net worth is the value of the company.
1.Get a Raise. The most straightforward way to increase your net worth is to increase your income. ...
2.Find New Sources of Income. Money doesn't have to come from just your day job. ...
3.Buy a House. ...
4.Spend Less. ...
5.Get Out of Debt. ...
6.Invest in Stocks. ...
7.Hit Your Company's 401K Match. ...
8.Open a Roth IRA
Answer:
The current share price is $60.97
Explanation:
The values given are
Symon's super corporation is expected to pay a dividend of $4.39
The company expects to increase its dividend by 4.2percent every year
The required return on the company's stock is 11.4 percent
Therefore, the current share price is
= 4.39/( 11.4/100 + 4.2/100 )
= 4.39/( 0.114 - 0.042)
= 4.39/(0.072)
= 60.97
Thus, the current share price is $60.97