Answer:
Coverage D
Explanation:
Coverage D basically refers to insuring against the loss of use of your house, i.e. you cannot live in your house temporarily. Coverage D will provide for additional living expenses to the insured in order to cover lodging expenses while the insured property is being repaired and can be used again.
Answer: I'll need $2,14,309.02 in my savings account in order to make tuition payments over the next four years.
We follow these steps in order to arrive at the answer:
In this question, we need to take into account that we need to pay 35% as taxes on interest earned.
So even though the interest rate on the deposit is 5%, only
will be available for use.
Hence, effectively the deposit will only earn
or 3.25% interest after taxes.
We'll compute the the Present Value of the annuity of 58,000 for four years at 3.25% interest in order to determine the amount that is needed today.
The Present Value of an Annuity formula is

Substituting the values in the equation above we get,



Lawful, because you have the freedom of speech in the U.S.
Answer:
2.14 times
Explanation:
The computation of the current ratio is shown below:
Current ratio = Current assets ÷ Current liabilities
where,
Current assets is
= Cash + marketable securities + account receivable + prepaid expense + inventory
= $10,000 + $20,000 + $30,500 + $2,000 + $34,000
= $96,500
And, the current liabilities is account payable i.e $45,000
So, the current ratio is
= $96,500 ÷ $45,000
= 2.14 times
We simply applied the above formula