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
dangina [55]
3 years ago
6

Explain why saving money with a state minimum auto liability insurance policy generally isn‘t the best idea

Business
1 answer:
nika2105 [10]3 years ago
3 0

It is a bad idea because a minimum auto liability insurance policy is meant for compensation against liability and not for saving purpose.

<h3>What is the liability insurance?</h3>

It is a legal requirement to have an active minimum liability insurance coverage to cover a liability especially injury and damage to third party property

In conclusion, the idea of saving money with the insurance policy is bad because it is meant for compensation against liability and not for saving purpose.

Read more about liability insurance

<em>brainly.com/question/15933666</em>

You might be interested in
Pember Corporation started business in 2012 by issuing 200,000 shares of $20 par common stock for $27 each. In 2017, 25,000 of t
natima [27]

Answer:

Option D is the correct option. Please choose option D that is $150,000.

Explanation:

Amount of paid-in capital from treasury stock transactions = Shares exchanged * (Market Price - Share purchase Cost)

Where Shares exchanged = 25000

Market price = $45

Cost of share = $39

Therefore, the amount of paid-in capital from treasury stock transactions = 25000 shares * (45 - 39) = $150,000

Option D $150,000 is correct

6 0
3 years ago
James Company began the month of October with inventory of $32,000. The following inventory transactions occurred during the mon
NARA [144]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
3 0
3 years ago
The following information is for S&amp;P Enterprises for the month of September: Direct materials $82,000 Direct labor $51,000 V
prisoha [69]

Answer and Explanation:

The computation of the total period cost is shown below:

Variable selling expense $16,000

Fixed selling expense    $15,000

Variable administrative expense $6,000

Fixed administrative expense  $18,000

Total period Cost            $51,000

ANd, the total fixed cost is

Fixed Manufacturing overheads $30,000  

Fixed selling expenses         $15,000  

fixed admin expenses          $18,000

Total fixed cost                     $63,000

We simply added all the above items

7 0
3 years ago
In reviewing the agreement between AdCreate and Anchor Motors, Jacob Stein found that sales ofAnchor rose 2.8% compared to the p
kakasveta [241]

Answer:

AdCreate billed Anchor Motors $529,412 for the third quarter in 2010

Explanation:

The advertizing company usually takes a 15% commision

Which means from the total amount billed to customer 15% ar commision which means:

money paid to media + 15% comission of the billed amount= total amount billed

450,000 + 0.15X = X

Now, we try to solve for X and get the amount billed to anchor motors.

X = 450,000/.85 =<em> 529.411,76</em>

8 0
3 years ago
Which of the following statements regarding SPT and WSPT is INCORRECT?
Alex Ar [27]

Answer:

D

Explanation:

WSPT assigns the highest priority to the job with the LOWEST weight/processing time ratio.

4 0
3 years ago
Other questions:
  • Big John’s manufacturing currently produces its lead product on a machine that has a variable cost of 0.32 per unit and a fixed
    12·1 answer
  • A new shop wants to sell Muffins, the sell price is 2.5 dollars per unit. The cost for production is 1 dollar per unit. At the f
    10·1 answer
  • Approximately two decades after a "baby boom," one could expect___________.
    15·1 answer
  • Company ABC has liabilities of 20,000, 50,000 and 70,000 due at the end of years 1, 2 and 3 respectively. The company would like
    11·1 answer
  • After you are done taking notes from a speaker, you should _____.
    12·2 answers
  • When a magazine company collects cash for selling a subscription, it is an example of: Multiple Choice An accrued liability tran
    10·2 answers
  • Review the information in the chart with reasons for and against adding juice boxes to the high school lunch menu.A 2-column tab
    14·2 answers
  • A well-defined road map to achieving a career goal is a/an: ​
    7·1 answer
  • What is the difference between old and new institutional economics​
    10·1 answer
  • ) At 1 november 2014 Brian owed $28,754 to his suppliers. During the year he paid his suppliers a
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!