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Karo-lina-s [1.5K]
3 years ago
9

Jose has the personal automobile policy with liability limits as follows: $25,000/$50,000 BI (bodily injury) and $10,000 PD (pro

perty damage). Jose is held liable in an accident in which he must pay for bodily injuries as follows: Person A, $10,000, Person B, $30,000. How much his insurance company will pay for this accident
Business
1 answer:
ELEN [110]3 years ago
5 0

Answer:

$35,000

Explanation:

We need to interpret Jose's insurance policy terms ;

$25000/$50000 ; this means that the maximum amount the policy will pay per injured individual is $25000.

While the maximum amount the policy will pay for all injuries per accident is $50,000

Given that :

Bodily injury to :

person A = $10,000

Person B = $30,000

Since A < 25000 ; policy covers, $10,000

Since B > 25000 ; policy will cover $25000

Amount insurance company will pay :

$(10,000 + 25,000) = $35,000

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M7-7 to M7-9 Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under P
zvonat [6]

Answer:

Date          Units                       Unit Cost            Unit Selling Price

July 1 Beginning Inventory 50    $ 10

July 13 Purchase      250                 13

July 25 Sold (100 )                                                                  $ 15

July 31 Ending Inventory 200

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FIFO Cost Of Goods Sold  $ 1150

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LIFO Ending Inventory $ 2450

50 units at $ 10= $ 500

150 units at $ 13= $ 1950

Sales 100 at $ 15= $1500

LIFO Cost Of Goods Sold  $ 1150= Cost of Goods Available for Sale Less LIFO Ending Inventory = 3750- 2450= $ 1300

100 units at $ 13= $ 1300

Weighted Average Ending Inventory 12.5 * 200= $ 2500

Total Cost/ total units= 3750/300= 12.5

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3 years ago
New classical economists say that an unanticipated increase in aggregate demand first: Group of answer choices increases the pri
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Explanation:

In the case of New classical economists, if there is an increase in aggregate demand i.e. non expected would rise the level of price and real output. After this decrease the aggregate supply i.e. short run in order to get the economy return to the full employement output level

Therefore as per the given situation, the first option is correct

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