Answer: $800 or Above $800
Explanation: Visa will only be indemnified based on the total damage the fire caused, because in property insurance no one knows the extent of a damage initially untill the loss occurs then they make use of loss adjusters and surveyors to know the extent and amount of claim payable.
However, this is a third party insurance and idemnity will pay paid by the insurer based on the insurance policy Visa wrote.
Logically, it can not be less than $800, because Visa wanted to safeguard her money that is why she initiated the policy.
Answer:
c. a claim against a portion of the total assets of an enterprise.
Explanation:
The statement of stockholder's equity comprises common stock, preferred stock, and retained earnings.
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
And, the ending balance of the common stock = Beginning balance of common stock + issued shares
In this the accounting equation is used which is shown below:
Total assets = Total liabilities + stockholder equity
The debit and credit side of the balance sheet should always be equal and balanced. So, its claims against the portion of the total assets
True hope this is correct
Answer:
8.9%
Explanation:
From the question above
- The investment has 20% chance of earning 30% rate of return
= 20/100
Number or chances= 0.2
- The investment has a 50% chance of earning 10% rate of return
= 50/100
Number of chances = 0.5
- The investment has 30% chance of losing 7%
= 30/100
Number of chances= 0.3
Therefore, the expected return on investment can be calculated as follows
=0.2(30) + 0.5(10) + 0.3(-7)
=6 + 5 - 2.1
= 11-2.1
= 8.9%
Hence the expected return on investment is 8.9%
Answer:
$8,000
Explanation:
The corrected cash balance is $8,000
