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Sergio [31]
3 years ago
10

William pays $500 premium every six months for automobile insurance with collision coverage. His deductible is $750. William cau

sed a minor accident that resulted in $700 of damage to his car and $1,100 of damage to the other car. Williams’s car looks and drives fine if he chooses not to file a claim to repair his car how much will you pay out-of-pocket to help the other cars fixed?
Business
2 answers:
stich3 [128]3 years ago
6 0

<span>A collision coverage type of insurance only the covers the cost that is incurred due to damage to your car. It does not include the cost for the other car. Therefore you will have to pay the total of $1,100</span>

Eva8 [605]3 years ago
5 0

ANSWER: $1,100

EXPLANATION: William had his insurance for his automobile but it is nowhere indicated that he had third party coverage. He had collision coverage which insured his car and saved his damage of $700. But he definitely needs to pay out-of-pocket the sum of $1,100 for the other car which got damaged in the accident.

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Who can answer this?
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Answer:

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Explanation:

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1. Differentiate between a group and a team.
OleMash [197]

Answer:

A group is different from a team. The Ringlemann Effect does contribute to the modern day team dynamics.

Explanation:

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Each team member of a highly effective team is intelligent enough to understand their tasks. They share common goals and achieve them by sharing a few moments of humor as well. They communicate well and have a strong leader.

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8 0
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The Library is a new bar in town. Unlike the other bars in town, it charges no cover charge. The new bar has also priced its bee
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5 0
3 years ago
Issued 30,000 shares of common stock in exchange for $300,000 in cash. Purchased equipment at a cost of $40,000. $10,000 cash wa
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Answer:

T-accounts:

Cash

Accounts Titles             Debit       Credit

Common Stock         $300,000

Equipment                                       $10,000

Rent Expense                                     5,000

Prepaid Insurance                              6,000

Accounts Payable                            70,000

Accounts Receivable  55,000

Equipment

Accounts Titles             Debit       Credit

Cash                           $10,000

Notes Payable             30,000

Notes Payable

Accounts Titles             Debit       Credit

Equipment                                  $30,000

Inventory

Accounts Titles             Debit       Credit

Accounts Payable      $90,000

Cost of Goods Sold                      $70,000

Accounts Payable

Accounts Titles             Debit       Credit

Inventory                                     $90,000

Cash                           $70,000

Accounts Receivable

Accounts Titles             Debit       Credit

Sales Revenue           $120,000

Sales Revenue

Accounts Titles             Debit       Credit

Accounts Receivable                  $120,000

Cost of Goods Sold

Accounts Titles             Debit       Credit

Inventory                   $70,000

Rent Expense

Accounts Titles             Debit       Credit

Cash                           $5,000

Prepaid Insurance

Accounts Titles             Debit       Credit

Cash                          $6,000

Common Stock

Accounts Titles             Debit       Credit

Cash                                             $300,000

Depreciation Expense

Accounts Titles              Debit       Credit

Acc Depreciation         $1,000

Accumulated Depreciation - Equipment

Accounts Titles             Debit       Credit

Depreciation Expense                   $1,000

Explanation:

T-account consists of the following.  An account title to record the corresponding account where the double-entry transaction is completed. A debit side on the left to enter the dollar value of the transaction, if the concerned account receives the value.  A credit side on the right, also, to enter the dollar value of the transaction, if the concerned account gives out the value.

5 0
3 years ago
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