Answer: D. Kate's policy will pay $1,500, and John's policy will pay $250.
Explanation:
The deductible is the amount that a policy holder has to pay before the insurance company pays the remaining amount.
From the question, we are informed that John has an auto which is covered for collision losses subject to a $250 deductible while Kate's auto also has collision coverage but her deductible is $500.
If a $2,000 collision loss occurs when John borrows Kate's car because his car is in the shop for repairs, since John has a deductible of $500, Kates policy will pay ($2000 - $500) = $1500 and John's policy will pay $250.
Answer:
b. enterprise system
Explanation:
Enterprise System -
It is also known as enterprise resource planning ( ERP ) .
It is a type of cross - functional information system which give the organisation wide integration and coordination about the business process which enable to plan the efficiently the resources of the business .
Many organisation in recent times , adapt to alter some of the distinct data and information , with the help of a common or one system which can enable to help the activities of the business , such function are known as enterprise system .
hence , from the question , the correct term according to the given information is b. enterprise system.
Answer:
increases
higher
more
lower
lower
Explanation:
If the money supply is increased. individuals would have more money and consumption would increase. Increase in consumption would lead to a rise in demand.
when demand exceeds supply, prices rise,
When there is a rise in price, it encourages producers to increase production in order to increase their profit margin.
In order to expand production, more factors of production would be needed. So, more labour would be hired. thus, unemployment would fall.
it can be seen that higher inflation lowers unemployment
Answer:
The journal entry is as follows:
Explanation:
January 5 Patent A/c..................Dr $100,000
To Cash A/c............Cr $100,000
As patent is purchased so asset is increasing and any increase in asset would be debited. Therefore, patent account is debited. And it is purchased against cash and decrease in asset is credited. Therefore, cash account is credited.
December 31 Amortization expense- Patent................Dr $5,000
To Accumulated Amortization- Patent........Cr $5,000
Working Note:
Patent Cost is $100,000
Useful life is 20 years
Amortization expense = Patent Cost / Useful life of asset
= $100,000 / 20
= $5,000
Answer:
the value of the MktRS (market rate of substitution) is 0
Explanation:
The computation of the market rate of substitution is shown below:
Since it is mentioned that
You like apples half as pears
So the equation would be
X = 1 ÷ 2 Y
X ÷ Y = 1 ÷ 2
Now the market rate of substitution of the price is
= $2 ÷ $4
= 1 ÷ 2
So,
= 1 ÷ 2 - 1 ÷ 2
= 0
Hence, the value of the MktRS (market rate of substitution) is 0
The same is to be considered
