If the insured must rent a car because his was stolen,the maximum amount of protection permitted by the commercial auto policy in terms of money is $600
Insurance
This policy also provides coverage for loss or damage to the insured vehicle and its accessories as a result of: Lightning, a fire, an explosion, or self-ignition. stealing, housebreaking, or burglary. strike and riot.
If your stolen car is not recovered, the insurance provider will make a payment equal to its current market value, or Insured Declared Value, or IDV. Only individuals with personal damage or comprehensive auto insurance are eligible for coverage in this circumstance.
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Answer: D. To keep your expenses below your income
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Answer:
Dr Notes Receivable $10,100
Cr Discount on Notes Receivable$1,000
Cr Sales Revenue $9,100
Dr Cost of Goods Sold $5,460
Cr Inventory $5,460
Explanation
:
Vaughn Inc
Journal entry
January 2, 2017
Dr Notes Receivable $10,100
Cr Discount on Notes Receivable
$10,100-$9,100) $1,000
Cr Sales Revenue $9,100
Dr Cost of Goods Sold $5,460
Cr Inventory $5,460
Total Revenue:
sales revenue + interest revenue $9,100+$1,000 = 10,100
Total revenue= $10,100
Answer:
C. A surplus of agricultural goods
Explanation:
Un-intervened markets are at equilibrium where Market Demand = Market Supply. Market Supply curve is upward sloping, due to price - supply direct relationship. Market demand curve is downward sloping, due to price - demand inverse relationship. Both curves intersect at equilibrium.
Price floor is minimum mandated price by government, below which a good cant be sold in the markets. It is usually set above market price, to protect the interest of sellers. Eg : Minimum Support price, of agricultural goods, set for protecting interests of sellers (farmers) from volatile prices.
This mandate set artificially high price : leads to supply being more than demand, as supply is directly & demand is inversely related to price. So, supply > demand implies that agricultural goods are at surplus in markets.
