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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

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Because corporate officers have the implied power to bind the firm in matters directly connected to its business, there is no li
mr Goodwill [35]

It should be noted that corporate officers have the implied power to bind the firm in matters directly connected to its business.

<h3>Who are corporate officers?</h3>

corporate officers serves as those workers in a company or an organization who are seen as officials and they have allocated duties and responsibilities .

These officers posses the power to bind the firm in matters directly connected to its business.

Learn more about corporate officers at,;

brainly.com/question/24518056

5 0
1 year ago
Other things held constant, which of the following events is most likely to encourage a firm to increase the amount of debt in i
True [87]

Answer: Option (c) is correct.

Explanation:

Correct Option: The corporate tax rate increases.

If there is an increase in the corporate tax rate then this will induce the firms to increase the amount of their debt. This is due to the fact that the firms with more debt are going to pay less tax because of the large interest expense. Due to large interest expenses, their income before tax reduces.

Hence, large corporate taxes encourage firms to increase the amount of debt. Therefore, the firms with no debt pays higher taxes than the firms with higher amount of debt.

8 0
3 years ago
A shoe company's ads feature the members of a popular country music band. Product sales increase significantly among the band's
ruslelena [56]

Answer: (B) Reference group

Explanation:

 A reference group is basically refers to the individual and the group that is specifically used for the comparison purpose. It is one of the type of group that share a common attitude, beliefs and the behavior for making the various types of decisions.

 According to the given question, a shoe's company is one of the most popular music band as the products sales of the company significantly increase. Then, from the fans point of views the band is refers to the reference group.

 Therefore, Option (B) is correct answer.  

4 0
3 years ago
Steve goes to Tri-State University and pays $40,000 in tuition. Steve works a part-time job to pay for his schooling and has an
xxMikexx [17]

Answer:

$2,500

Explanation:

The calculation of American opportunity tax credit is shown below:-

According to the given situation, Steve's part-time job wouldn't come in between his not applying for the credit as the AGI is lower than the applying number.

Therefore, the credit would be 100% of first is

= $2,000 + 25% (Increased)

= $2,500

6 0
2 years ago
A coupon bond that pays semiannual interest is reported in the Wall Street Journal as having an ask price of 116% of its $1,000
Anna35 [415]

Answer:

$1,174.75

Explanation:

The computation of the invoice price of the bond is shown below:

As we know that

Invoice Price of Bond = Ask Price of Bond + Accrued interest

where,

Ask Price is

= $1,000 × 116%

= $1,160

Interest accrued for 3 months is

= $1,000 × 5.90% × 3 months ÷ 12 months

= $14.75

So,

Invoice Price of Bond is

= $1,160.00 + $14.75

= $1,174.75

3 0
3 years ago
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