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
Leno4ka [110]
3 years ago
11

Abraham has just purchased his first car. His bank, First State Bank, loaned him the money to buy the car and has required him t

o purchase insurance to protect the car as the collateral for the loan. Which basic types of coverage should Abraham buy to satisfy the bank requirement and to best protect himself from the risks of operating an automobile?
Business
1 answer:
fenix001 [56]3 years ago
3 0

Answer:

Collision

uninsured motorist

comprehensive

liability coverage

Explanation:

From the question, we are informed about Abraham who has just purchased his first car. His bank, First State Bank, loaned him the money to buy the car and has required him to purchase insurance to protect the car as the collateral for the loan. In this case the basic types of coverage Abraham should buy to satisfy the bank requirement and to best protect himself from the risks of operating an automobile are;

✓ uninsured motorist

✓comprehensive

✓liability coverage

Insurance is very essential in protecting an individual or firm from any form of financial loss, it can be regarded as a kind of risk management and it is way to avoid uncertain loss. Then if Adam could buy the coverage he will be protected from loss in future.

You might be interested in
An increase in aggregate demand has what outcome on price level and output with respect to long-run equilibrium?
DedPeter [7]

Answer:

real GDP will remain the same and price level will increase

Explanation:

4 0
3 years ago
Read 2 more answers
Arborview Plant Science Company has invented a drought resistant grass seed that only needs watering three times each year. In o
Zigmanuir [339]

Answer:

The scientist are looking to offer shares of stock to general public to raise some funds.

Explanation:

The seed scientist are looking to offer shares of stock of their company to genera public to raise some funds , so that they can expand the distribution of their product . Arborview plant science company will first time offer their shares to the public, so this process is called initial public offering and by doing this they will get funds from investor in return for part of ownership in the company.

3 0
3 years ago
Flynn Industries has three activity cost pools and two products. It estimates production 2,000 units of Product BC113 and 1,000
cupoosta [38]

Answer:

Follows are the instructions to this question:

Explanation:

Given:

Configuration of machine = \$16,000 \ \ \ \ 40  \ \ \ \ 25 \ \ \ \ 15

Machine hours= \$110,000  \ \ \ \ 5,000  \ \ \ \ 1,000 \ \ \ \  4,000

Order on Packing= \$30,000\ \ \ \  500 \ \ \ \ 150 \ \ \ \ 350

We have to use the following formula in order to measure the expected production overhead rate:

Estimated overhead production rate= Total projected production expenses and for period/Total base allocation sum

Machine Configuration =\frac{16,000}{(40+25+15)}= \frac{16,000}{80} =\$200 / \ setup

Machining hour= =\frac{110,000}{(5,000 + 1,000 + 4,000)} =\frac{110,000}{(10,000)}= \$11 / \  machine \ hour

Packing= \frac{30,000}{(500 + 150 + 350)}= \frac{30,000}{1000}= \$30/ \ order

6 0
2 years ago
____, or providing information supporting their policy positions to legislators, is a visible role played by interest groups. in
Eva8 [605]
Lobbying or providing information supporting their policy positions to legislators, is a visible role played by interest groups. 
Lobbying are efforts that are directed primarily at the national level; committees of Congress that consider legislation, and executive departments. Those involved depend on their personal relationship with members of Congress and the executive branch, which are based on keeping in regular contract. 
8 0
3 years ago
Change from the fair value method to the equity method Assume an investor company acquires for $256,000 an 8% investment in the
matrenka [14]

Answer:

Date         Account title and explanation      Debit        Credit

March 1    Equity investment                          $32,000

                ($612,000/17%)*8% - $256,000)

                       Unrealized holding gain                             $32,000

               (To adjust the value of equity investment)

Note: On 1 march, value of the investment value is increased which is unrealized based on 31 December fair value

6 0
3 years ago
Other questions:
  • Suppose that when a student is caught lying about completing his homework, he is not allowed to participate in afternoon recess
    15·1 answer
  • The customers of TimeZone watches have high brand loyalty and although the watches are priced at high rates, TimeZone's customer
    10·1 answer
  • You dream of endowing a chair in finance at the local university that will provide a salary of $250,000 per year forever, with t
    10·1 answer
  • What information must economists have to estimate the price elasticity of​ demand? To estimate the price elasticity of​ demand,
    6·1 answer
  • Which of the following climate zones would be best suited for a year-round agricultural cycle?
    9·1 answer
  • For each of the​ following, describe some of the potential opportunity costs ​:1. Going home for Thanksgiving vacation. A. Time
    14·1 answer
  • Challenges associated with creating a benchmark program ​
    11·1 answer
  • The equipment and structures available to produce goods and services are called
    14·1 answer
  • According to surveys conducted in the u.s., almost ________ of people 65 years old and older rate their health as good, very goo
    12·1 answer
  • With ________, the seller pays both the cost of loading and transporting the product to the customer.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!