9514 1404 393
Answer:
C. To avoid having to pay for hospital bills resulting from an accident they cause
Explanation:
The purpose of any sort of insurance is to limit or eliminate the policy-holder's liability. Medical insurance in an auto policy pays for medical bills the policy-holder might otherwise be liable for as a consequence of an auto accident.
Answer:
c. $1,300 gain
Explanation:
In this scenario, Susan recognized a $1,300 gain on this sale. This is because Susan originally purchased the stock for a total price of $6,000. When she sold the stock, she sold it for a higher price than what she originally paid for it therefore recognizing a gain. To calculate this gain we simply subtract her initial purchase price from her selling price of the stock which would give us a $1,300 gain.
$7,300 - $6,000 = $1,300
Answer:
Beginning capital balance will be $189500
Explanation:
We have given ending balance = $159000
It is given that she withdraw $29000 from the partnership
So withdraw amount = $29000
Net loss = $20500
And additional contribution = $19000
We have to fond the capital balance at the beginning of the year
So capital balance at the beginning of the year will be = Ending balance + withdraw amount + net loss - additional contribution = $159000 +$29000 + $20500 - $ 19000 = $189500
So beginning capital balance will be $189500
