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2 years ago

If an owner-occupied home is totally destroyed without fraud by a fire, the amount of the loss is based on:

1 answer:

5 0

It should be noted that if an owner-occupied home is totally destroyed without fraud by a fire, the amount of the loss is based on policy limit.

A policy limit can be regarded as the monetary amount that is required to be paid by insurance company with respect to a specific insurance policy claim.

Therefore, in case of an owner-occupied home is totally destroyed without fraud by a fire, this loss is policy limit.

Learn more about policy limit at:

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The first step in establishing training and development programs is to:

dexar [7]

The first step in establishing training and development programs is to do a needs assessment. This will provide data on what is needed and what is wanted.
There isn't any sense to developing training, if no one needs or wants it.

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2 years ago

Martinez, Inc. reported net income of $2.5 million in 2007. Depreciation for the year was $160,000, accounts receivable decrease

n200080 [17]

Answer:

$2,730,000

Explanation:

Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.

These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $2,500,000

Adjustment made:

Add : Depreciation expense $160,000

Add: Decrease in accounts receivable $350,000

Less: Decrease in accounts payable -$280,000

Total of Adjustments $230,000

Net Cash flow from Operating activities $2,730,000

8 0

2 years ago

Present value (with changing interest rates). Marty has been offered an injury settlement of $12 comma 000 payable in 3 years

lesantik [10]

Answer:

If opportunity cost is 5%, PV=10,366.05

If opportunity cost is 6.5%, PV=9,934.19

If opportunity cost is 11.5%, PV=8,656.79

Explanation:

PV=Σ $(\frac{CF_{t} }{(1+i)^{t} })$

If opportunity cost is 5%: PV = $\frac{12,000 }{(1+0.05)^{3} }$ =10,366.05

If opportunity cost is 6.5%: PV = $\frac{12,000 }{(1+0.065)^{3} }$ =9,934.19

If opportunity cost is 11.5%: PV = $\frac{12,000 }{(1+0.115)^{3} }$ =8,656.79

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2 years ago

The definition of states: The process of solving the everyday problems that occur. It is less formal than decision making and us

VikaD [51]

Answer:

What is the question?

Explanation:

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2 years ago

A provision stating that the insurer cannot dispute the validity of a policy after a specific period is called a(n) ______.

Mazyrski [523]

Incontestability clause - This tells us the insurance company may not contest the validity of the policy during the insured's lifetime for any reason, including fraud, if the policy has been in effect for a predetermined duration

What is incontestability clause?

An incontestability clause in a life insurance policy safeguards the policyholder and forbids the insurer from changing any aspect of the insurance coverage as a result of a misinterpretation or false statements made by the insured (the policyholder) after a certain amount of time. A life insurance policy's provider cannot revoke any statement after a specified period of time thanks to an incontestability provision. This provision is frequently regarded as offering policyholders the most robust defense.

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1 year ago