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Nonamiya [84]
3 years ago
6

Your home insurance provides for replacement value for personal property losses. A microwave is stolen. It cost $258 two years a

go and has an expected life of six years. A comparable microwave costs $366 today. What amount will the insurance company pay
Business
1 answer:
Bogdan [553]3 years ago
8 0

Answer: $366

Explanation:

Replacement Cost Coverage refers to the valuation methods for the establishment of the value of an insured property which is used in knowing the amount that an insurer will

have to pay in case there is a loss and in such case, the insurance company will have to pay the costs at the present price to replace the damaged product.

Since the comparable microwave costs $366 today, therefore the insurance company will pay $366.

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Suppose, you own a screen-printing business and you enter into a contract with a local school to print 50 orange t-shirts with t
LUCKY_DIMON [66]

Answer: $500

Explanation:

Based on the scenario in the question, there's a breach of contract as the shirts aren't delivered and there are 50 t-shirts which cost $10 each that no one law is willing to buy because it has a school name and their mascot on the front.

Here, the maker of the shirt can sue for damages and since there's no resale, the amount to be sued for damages will be the price of each shirt multiplied by the total number of shirt. This will be:

= $10 × 50

= $500

6 0
2 years ago
For a single person, 0 allowances, who made $185 last week State withholding tax: $ Federal withholding tax: $
Goshia [24]

It should be noted that when an individual claims 0 on their tax, then such a person is having the largest amount that will be withheld from their paycheck.

<h3>What is a tax? </h3>

Your information is incomplete as you didn't give enough information. Therefore, an overview of tax will be given. A tax is a compulsory levy that's paid to the government.

In a situation when an individual claims 0 on their tax, then such a person is having the largest amount that will be withheld from their paycheck for federal taxes.

When the goal of the person is to receive a larger tax refund, then it's best that the person claims 0.

Learn more about tax on:

brainly.com/question/25783927

4 0
2 years ago
Diego transfers real estate with an adjusted basis of $648,400 and fair market value of $907,760 to a newly formed corporation i
Monica [59]

Answer:

123,196

Explanation:

Recognized gain

= Liability on transferred real estate - Adjusted basis

= 771,596 - 648,400

= 123,196

Basis = 0

3 0
3 years ago
How do you delete awnsers that people post
Natali [406]

You have to be a moderator. That's all I know.

5 0
3 years ago
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Henry must make set premium payments on his insurance policy until he dies, and if he cancels the policy he will receive the cas
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<span>Henry must make set premium payments on his insurance policy until he dies, and if he cancels the policy he will receive the cash value. His plan is a whole life policy.</span>
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2 years ago
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