The deductible is the maximum amount of money you will have to pay out of your pocket for a car accident, therefore the correct answer is $700. <u>This also implies the correct answer is C.</u>
If you take an insurance policy, the amount you pay each month to keep your insurance is called premium. In the case presented, the $200 monthly premium enables you to file a claim in case of any unforeseen circumstance occurs.
<h2>Further Explanation</h2>
Premium is the amount of money you must pay monthly to keep your insurance. If you register for any insurance policy, your insurer will charge a premium, which is the amount you have to pay for the full cost of your insurance.
Listed below is some of the insurance policy that premiums are paid for.
Also, the cost of premium depends on several factors and these include
- Type of coverage
- Your location
- Past insurance claim
- Your age
A deductible is to the amount of money a policyholder must pay in an insurance claim before insurance coverage comes into effect and the insurer starts payment.
Simply put, it is the amount a policyholder must pay out of their pocket before the insurance company will make any payment.
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KEYWORDS:
- out-of-pocket
- $700 deductible
- monthly premium
- car
- insurance
- accident
In my opinion or answer, I think it would be A, because if a car company charges a high price for a new model of a minivan... not much people with enough money would be able to buy or people would think it’s too expensive for a new model... but I also have a feeling for D.
And if a publisher printed more copies than usual, he’ll have to pay for those extra papers and all the important (I think)? Then the author/publisher will have to make the book more expensive to make an effort in the money...
If a clothing store puts bathing suits before summer ends, some people may buy it but some people won’t. Though...it might make an effort to get rid of them, or possibly the company could sell them to another company tbh, not sure.
Explanation:
1. Working "off of books involves working within the underground economy, in which government economic activities are hidden to avoid taxation or laws, or in which products and services are sold illegally.
2. As the government is shielded from activities within the informal economy, they would not be included in GDP figures.
3. If GDP is calculated accurately, the government will find it difficult to set strategies to accomplish macroeconomic objectives. Normally, the government does not receive tax revenue from illegal sales. This could result the government to raise taxes on non-underground company individuals and companies, thus prohibiting their jobs, saving and investment.
The answer is:
-all final goods and services...
-legally produced
-within the territorial boundaries of the United States...
-within a given time period
- and valued at the prices at which the goods or services sold
The Gross Domestic Product of country counted all goods and services that produced by a country within one year. In order to count this, we need to add total market value of consumption, investments, government spending, and net export. This definition covers all the list above.
Answer:
b. $1.61 million
Explanation:
The computation of assets value is shown below:-
Data provided
Cost of Assets = $2.3 million
Annual depreciation = $230,000
Total numbers of years = 3
Total depreciation = $230,000 × 3
= 690,000
= 0.69 million
Assets value = Cost of Assets - Total depreciation
= $2.3 million - $0.69 million
= $1.61 million
So, Given Market Value = $1.75 million and as per accounting conventions, Recorded book value are assets.