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
storchak [24]
2 years ago
6

Michael’s basement recently flooded. He has a homeowner’s policy covering flood damage that has a $500 deductible. The total dam

ages to the basement totaled $2500. How much will the insurance company pay in this scenario? A. $500 B. $2500 C. nothing D. $2000
Business
1 answer:
yarga [219]2 years ago
8 0

Answer:

D. $2000

Explanation:

Calculation to determine How much will the insurance company pay in this scenario

Using this formula

Amount to pay=Total damages -Deductible homeowner’s policy covering flood damage

Let plug in the formula

Amount to pay=$2,500-$500

Amount to pay=$2,000

Therefore How much will the insurance company pay in this scenario will be $2,000

You might be interested in
Nanjones Company manufactures a line of products distributed nationally through wholesalers. Presented below are planned manufac
Murrr4er [49]

Answer:

Variable manufacturing overhead spending variance= $2,000 favorable

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

<u></u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 2,400,000 / 240,000

Predetermined manufacturing overhead rate= $10 per machine hour

<u>To calculate the variable overhead spending variance, we need to use the following formula:</u>

<u></u>

Variable manufacturing overhead spending variance= (standard rate - actual rate)* actual quantity

Variable manufacturing overhead spending variance= (15 - 214,000/21,600)*21,600

Variable manufacturing overhead spending variance= $2,000 favorable

6 0
3 years ago
The Securities Investor Protection Corporation is a government agency charged with administering the liquidation of failed secur
deff fn [24]

Answer:

False

Explanation:

First of all, the Securities Investor Protection Corporation is not a government agency. The S.I.P.C was formed in 1970 under the Securities Investor Protection Act as a non-profit membership corporation.

In the unfortunate event that a securities firm fails (which is rather unlikely), the S.I.P.C steps in to help the investor. It can help by either transferring the accounts of the failed firm to a different firm or by liquidation.

4 0
3 years ago
Suppose that Marlen Fisher has legal protection against anyone producing and selling a fishing lure specifically named "MarFish.
ipn [44]

Answer: patent

Explanation:

A patent is given by the government

and it's a form of authority or licence to an organization which enables the organization to be the only one producing a particular product for a particular period of time.

This is illustrated in the question above where Marlen Fisher has legal protection against anyone producing and selling a fishing lure specifically named "MarFish."

3 0
3 years ago
Diversification is important in investing because...
Alenkinab [10]

Diversification is important in investing because "It helps you to balance your risk across different types of investments".

Explanation:

Diversification is a risk management approach that includes investing beyond or within various asset types to depreciate the ups and downs of economic exchanges. In different terms, diversification is thereby not owning all your eggs in one basket. Diversification goes by expanding properties beyond and within various asset types. Because asset types have their own individual financial rounds, when one class is making substantial profits, another may not be functioning as well. By expanding your purchases beyond and within distinct asset categories you’ll be in an immeasurable situation to offset the buoyancy of unique expenses.

8 0
3 years ago
Read 2 more answers
Stacie was disappointed in Maggie’s habit of , because while Maggie followed orders readily, she never thought about how her act
Alexxx [7]

Answer:B. Uncritical thinking

Explanation:

Habit are regular acts of individual, to be disappointed in a person habit refers to the negative habits.

3 0
3 years ago
Read 2 more answers
Other questions:
  • ​bill's organization expects​ 50% of profits to be generated by products that did not exist five years ago. what is the nature o
    14·1 answer
  • What effect might the government have on​ oligopolies? in​ oligopolies, the government might
    5·1 answer
  • Which of these assumptions can an entrepreneur safely make when planning a start-up? Check all that apply.
    14·2 answers
  • A monopolistically competitive firm
    8·1 answer
  • perline, inc., has balance sheet equity of $6.2 million.At the same time, the income statement shows net income of $948600. The
    11·1 answer
  • Billings Inc. has net income of $161,000, a profit margin of 7.6 percent, and an accounts receivable balance of $127,100. Assume
    12·1 answer
  • What is the moving force of air
    7·1 answer
  • 2. The average national utility price is $270. 48. Over a 6-month period, what is the average utility price in Dallas? How does
    9·1 answer
  • What can be said of the correlation between the brand of an automobile and its quality?
    8·1 answer
  • Asking the prospect to make a decision on some aspect of the purchase is referred to as?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!