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
Neko [114]
2 years ago
15

Frank has an auto policy with a coverage limit of $30,000 and a deductible of $1,000. He gets into an accident and the damages t

o his car total $6,200. How much will Frank need to pay out-of-pocket
Business
1 answer:
irakobra [83]2 years ago
4 0

Answer:

$1000

Explanation:

Given the policy coverage = $30000

The amount of deductible = $1000

Total damage of the car when the accident occurred = $6200

Below is the calculation to find the amount that Frank has to pay:

The amount payable by Frank out of pocket = Deductible amount

The amount payable by Frank out of pocket = $1000

You might be interested in
The primary purpose of a career assessment test is to
ser-zykov [4K]
<span>Suggest careers for which the subject might be well suited.</span>
6 0
3 years ago
Choate International plans to issue $15 million in 10-year bonds. They believe they can afford to pay $1,150,000 in interest to
Luda [366]

Answer:

Correct option is (B)

Explanation:

Given:

Bond issue amount = $15,000,000

Market interest rate = 7.75%

Investors cannot pay interest more than $1,150,000

Choate cannot choose 6.5%, the bond will become less attractive to investors as it indicates that the bond is selling at discount.

If 7.75% interest is given that is the market interest, then interest amount would be $1,162,500 (15,000,000 × 0.0775)

Choate cannot afford to pay more than $1,150,000, so it cannot offer bonds at 7.75% or 8.1%.

The only option left is 7.65%. Interest amount would be $1,147,500 (15,000,000 × 0.0765) which is less than what the company can afford. Also, it is just marginally lesser than market interest rate of 7.75%, so bonds would still be attractive.

Choate should select 7.65%.

3 0
3 years ago
There are two machines for sale that you are considering purchasing for your sawmill to produce hardwood flooring. You want to f
vladimir2022 [97]

Answer:

1. The Cpk of machine 1 would be 0.952

2. The Cpk of machine 2 would be 1.111

3.  I would buy machine 2, because the Cpk value is more than 1.

4. The Cpk would be 2.222

Explanation:

1. In order to calculate the Cpk of machine 1 we would have to use to following formula:

Process capability index: Cpk= Min [(mean-L spec)/3sd; (U spec-mean)/3sd]

According to given data:

In machine 1, mean= 48mm

L spec= 46

U spec= 50

Standard deviation sd= 0.7

Therefore, Cpk of machine 1= [0.952;0.952]= 0.952

1. In order to calculate the Cpk of machine 2 we would have to use to following formula:

Process capability index: Cpk= Min [(mean-L spec)/3sd; (U spec-mean)/3sd]

According to given data:

In machine 2, mean= 47

L spec= 46

U spec= 50

Standard deviation sd= 0.3

Therefore, Cpk of machine 2= [1.111;3.333]= 1.111

3. If my goal is to be capable, I would buy machine 2, because the Cpk value is more than 1.

4. If you combine the best of both machines to calculate the cpk we to make the following calculation:

Combination specification, mean= 48 and L spec= 46 and U spec= 50, Standard deviation sd= 0.3

Therefore, Cpk= [2.222;2.222]= 2.222

5 0
2 years ago
Which of the factors of industrialization does Baines cite in the reading? Check all that apply water power to run machines rive
Daniel [21]

Answer: • Water power to run machines

• rivers for transportation of goods

• natural resources for production

Explanation:

Industrialization is when am economy moves from the agricultural sector to the industrial sector.

The factors of industrialization does Baines cite in the reading include:

• Water power to run machines

• rivers for transportation of goods

• natural resources for production

8 0
2 years ago
he auditors have some uncertainties, but these uncertainties are not so material that they cannot form an opinion on the fairnes
ddd [48]

Answer:

D. The auditors cannot form an opinion on the fairness of presentation of the financial statements as a whole.

Explanation:

The issue of a disclaimer of opinion normally represent that the auditor could not able to form the opinion on the fairness of the financial statements that shows the financial position and the condition of the company.

He is not able to give his opinion for the company financial statements

So, the last option would be correct

And, the rest of the options would be incorrect

6 0
3 years ago
Other questions:
  • Which phrase defines complementary goods?
    6·2 answers
  • When selecting stock, some financial experts recommend to _____.
    9·1 answer
  • The Fed’s use of open market operations affects banks’
    7·2 answers
  • What is the strategy called whereby lenders limit the number of loans based on the racial makeup of a neighborhood?
    15·1 answer
  • According to the Capital Asset Pricing Model (CAPM), correctly priced securities:
    7·1 answer
  • Which of the following statements is(are) true? (A) A favorable variance is not necessarily good, and an unfavorable variance is
    10·1 answer
  • King, CPA, is auditing the financial statements of Cycle company, a client that has receivables from customers arising from the
    13·1 answer
  • Swifty Corporation records all prepayments in income statement accounts. At April 30, the trial balance shows Supplies Expense $
    8·1 answer
  • After making a decision, Rosario seeks information that confirms the decision was a good decision and ignores conflicting inform
    12·1 answer
  • The function that serves as an intermediary between an organization shipping a product and the actual carrier is.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!