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
tigry1 [53]
3 years ago
9

Cathy’s apartment was broken into and her two-year-old sound system was taken. Cathy had paid $1,400 for the system, but it will

cost $1,800 to replace the unit. She has a homeowner's policy with $20,000 coverage for personal property, a $200 deductible, and actual-cash-value coverage. How much will Cathy receive from the insurance to cover this loss assuming the life expectancy of the system is ten years?
Business
1 answer:
dedylja [7]3 years ago
5 0

Answer:

$1,240

Explanation:

The actual cash value coverage will pay for the replacement cost of Cathy's sound system minus depreciation.

replacement cost = $1,800

expected useful life = 10 years

depreciation for 2 years = $1,800 x 2/10 = $360

sound system's net value = $1,800 - $360 = $1,440

Cathy will receive = net value of sound system - deductible = $1,440 - $200 = $1,240

You might be interested in
Amounts withheld from each employee for social security and medicare vary by state.
satela [25.4K]

It is False.

No matter which states the employee lives, the amounts withheld from each employee for social security and medicare do not vary by state. The present tax rate for social security for employers and employees is 6.2% and the present current rate of medicare is 1.45% for both the employer and employee.

Employers are typically required to withhold Social Security and Medicare taxes from an employee's paycheck and pay the employer's share of those taxes.

The Social Security Tax and the Medicare Tax have different rates, and only the Social Security tax has a salary cap. The base salary ceiling is the maximum taxable salary in the year. Determine the withholding amount for Social Security and Medicare contributions by multiplying each payment by the employee's tax rate.

To learn more about social security and medicare from given link

brainly.com/question/19277833

#SPJ4

3 0
1 year ago
Jerry is an adjuster and has signed a contract with ABC Insurance to adjust claims in an area recently devastated by a hurricane
const2013 [10]

The authority that Jerry has which allows him to complete inspections and settle claims is called an Express authority.

<h3>What is express authority?</h3>

This is a kind of authority that an agent has that is clearly spelled out in writing or given orally.

Jerry has a contract with ABC Insurance that writes what he is allowed to so which means that his powers are expressly given.

Find out more on express authority at brainly.com/question/15008947.

#SPJ12

3 0
2 years ago
A free enterprise system provides individuals the opportunity to make their own economic decisions, without restrictions from th
ozzi

Explanation:

The free enterprise system is one influenced by the market, which will determine all economic variables, such as price, products and services, and is a system independent of government control to function.

Therefore, it is correct to state that in a free enterprise system, the offer and demand of the consumer for a product or service that will be the determinant of the success or failure of an organization.

As an example of an entrepreneur, we can mention Steve Jobs, who created one of the largest technology companies in the world, Apple. The free enterprise system was one of the reasons for Apple to succeed in becoming one of the most valued companies in the world, due to the fact that it brought innovative products to the market that became examples of products of value to consumers, which made company to grow and become so successful in the market. If the company operated in a government-controlled market, it would probably have to follow specific rules and restrictions for the production of its products that could limit the company, and its performance could be restricted and not as innovative as the company in the market, which is one of the reasons why it achieved success.

5 0
3 years ago
Power deriving from one's personal attraction is called ______ power.
Oksanka [162]

The correct answer to the question is (B) referent power.  

Referent power refers to <u>a type of power that a person attains through his or her interpersonal relationship skills</u>.

Though personalized power seems like an answer it is actually not, it is a type of motive that a person has for power. Legitimate, reward, and coercive all stem from external sources, and thus they do not fit the description in the question.

5 0
3 years ago
Financial Calculations
vova2212 [387]

Answer:

$14

Explanation:

24 each batch minus 10 is total profit

3 0
2 years ago
Other questions:
  • When evaluating a Website, which of the following statements might indicate the site is based on the author’s opinion instead of
    12·2 answers
  • Calip Corporation, a merchandising company, reported the following results for October: Sales $427,000 Cost of goods sold (all v
    15·1 answer
  • The art of getting the greatest benefit from limited financial resources is called A. inflation. B. financial management. C. mar
    7·1 answer
  • Refer to the table. what is the total amount of producer surplus (per barrel of oil) earned by all four producers if the market
    13·2 answers
  • Fatal(focus)_______events caused almost three out of five construction worker deaths
    13·1 answer
  • Assume that in the short run a firm is producing 100 units of output, has average total costs of $200, and has average variable
    7·1 answer
  • Can someone help me with this please:):)
    13·1 answer
  • The market clearing price occurs at the ________ of the market demand curve and the market supply curve. It is also called the _
    5·1 answer
  • I give you loooots of points for this very important question......
    8·2 answers
  • Which of the four main methods of international entry did assan motors employ to expand into the u. s.? What are the strengths a
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!