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Alex
3 years ago
11

Becky Fenton has 25/60/10 automobile insurance coverage. If two other people are awarded $30,000 each for injuries in an auto ac

cident in which Becky was judged at fault, how much of this judgment would the insurance cover?
Business
1 answer:
STALIN [3.7K]3 years ago
8 0

Answer:

$60,000

Explanation:

Based on the information given that we were told that she has automobile insurance coverage of 25/60/10 which therefore means that the MAXIMUM AMOUNT that the insurance company will pay is the amount of $25,000 per each individual which will as well include the maximum amount of $60,000 per accident for all the individual..

Therefore The amount of the judgment that the insurance cover is $60,000

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Sheffield borrowed $701000 on October 1, 2017 and is required to pay $721000 on March 1, 2018. What amount is the note payable r
Georgia [21]

Answer:

On October 01, 2017

The amount actually borrowed that is $ 701,000 will be recorded as liability/note payable on october 01, 2017. The following accounting entry will be passed

Debit Cash Asset           $ 701,000

Credit Note payable       $ 701,000

Interest recognized from October 1 to December 31, 2017

The premium amount paid on redemption will be recorded as interest over the period of time. The interest amount is

Interest = 721,000 -701,000 = $ 20,000

So this above calculated expense will be recognized as an expense over loan period.

5 0
4 years ago
Which workers are required to handle money as part of their job qualifications?
melamori03 [73]
A
A lot of Money in that business
4 0
3 years ago
Read 2 more answers
What happens to the market outcome if cartel members cheat on the collusive agreement?
sdas [7]

If a single company cheats on the cartel agreement then the unmarried company can grow its profit.

A cartel agreement is a settlement between competitions with the aim of hindering or proscribing competition or creating fake competition. Cartel agreements also can exist between providers and consumers, such as an instance retail fees.

A few examples of a cartel encompass The enterprise of the Petroleum Exporting Countries (OPEC), an oil cartel whose members manage forty four% of worldwide oil production and 81.5% of the world's oil reserves.

A cartel is an illegal settlement between competition that restricts competition. Cartels are often hard to discover due to the fact the cartel members have a not unusual hobby of keeping the agreement secret.

Learn more about cartel agreement here: brainly.com/question/16147138

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7 0
2 years ago
Skysong Inc. issued $4,490,000 par value, 7% convertible bonds at 98 for cash. If the bonds had not included the conversion feat
Ainat [17]

Answer:

Cash                4,400,200  debit

Discount on BP    89,800  debit

         Bonds Payable        4,490,000 credit

Explanation:

The company should represent reality which is what actually occur:

the company issued bonds with a face value of 4,490,000

Then, it receive cash for 98/100 of this ammount:

4,490,000 x 98/100 = 4,400,200

The difference between face value and the proceeds will be a discount when negative and premium when above:

4,400,200 - 4,490,000 = <em>-89,800</em>

as it is negative, this is a discount.

8 0
4 years ago
Suppose an increase in interest rates causes rising unemployment and falling output. to counter this, the federal reserve would
weqwewe [10]
Most likely A) increase money supply, because they are capitalism economy. The federal reserve is in charge of all the country's Capitol, or: resources and money.
(but for a country that is more sympathetic to the people it would be B) because it would increase social security nets like welfare)
8 0
3 years ago
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