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cupoosta [38]
3 years ago
5

Ken purchased a PAP with liability limits of 100/300/50, medical payments coverage, and collision coverage. Ken fell asleep whil

e driving late at night. He crossed the center line and hit a car approaching from the other direction. The following losses occurred: The driver of the other car suffered $30,000 in bodily injuries. Ken's car sustained $5,000 in damages. Ken incurred $5,000 in medical expenses. The car that Ken hit was a total loss. Which of Ken's Personal Auto Policy (PAP) coverages will cover the damage to the car that Ken hit
Business
1 answer:
ella [17]3 years ago
4 0

Answer: property damage liability

Explanation:

Personal Auto Policy (PAP) is a typical insurance policy which helps in the insuring of ones vehicles.

Ken's Personal Auto Policy coverage that will cover the damage to the car that Ken hit will be the property damage liability. A property damage liability insurance helps in the coverage of the cost of damage which is caused to other people.

Since Ken has damaged someone's car, his property damage liability will cover it.

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What is the first step in creating a new position?
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C.

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You decide to start your own business as a professional corporation. You purchase an office building for $35,000 from your mothe
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Cost principle

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Cost principle -

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Similar situation is showcased in the question,

Hence , from the given options the correct option is cost principle.

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3 years ago
The information content of a dividend increase generally signals that:
sertanlavr [38]

Answer:

C) management believes earnings growth will be strong going forward.

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Dividend is the percentage of income that the corporation aims to allocate to the company's shareholders. When there is an rise in dividend it means that the company will have good results for the future. The rise in the dividend is a prediction of future profitability for the firm.

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6 0
3 years ago
An extended recessionary period is indicative of
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start of depression

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6 0
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Read 2 more answers
Assume a $1,000 face value bond has a coupon rate of 8.5 percent, pays interest semi-annually, and has an eight-year life. If in
fomenos

Answer:

Explanation:

In order to calculate he present value or worth of this bond we woulñd have to make the following calculations:

Face value (FV) $  1,000.00

Coupon rate 8.50%

Number of compounding periods per year 2

Interest per period (PMT) $ 42.50

Number of years to maturity 8

Number of compounding periods till maturity (NPER) 16

Market rate of return/Required rate of return per period (RATE) 5.00%

Therefore, Bond price= PV(RATE,NPER,PMT,FV)*-1

Bond present worth=$918.72

The present value or worth of this bond is $918.72

5 0
3 years ago
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