Rachel has $25,000 worth of property damage insurance. She causes $32,000 worth of damage to a sports

Question:

Rachel has $25,000 worth of property damage insurance. She causes $32,000 worth of damage to a sports car in an accident.
a. How much of the damages will the insurance company have to pay?
b. How much will Rachel have to pay?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Algebra Advanced Algebra With Financial Applications

ISBN: 9781337271790

2nd Edition

Authors: Robert Gerver, Richard J. Sgroi

See More Books

Question Posted: Sep 14, 2022 01:54 AM

See More Questions

Rachel has $25,000 worth of property damage insurance. She causes $32,000 worth of damage to a sports car in an accident. a. How much of the damages will the insurance company have to pay? b. How...
Stewart has $25,000 worth of property damage insurance and a $1,000 deductible collision insurance policy. He crashed into a fence when his brakes failed and did $7,000 worth of damage to the fence....
Felix Madison has $10,000 worth of property damage insurance and a $1,000 deductible collision insurance policy. He had a tire blow- out while driving and crashed into a $1,400 fire hydrant. The...
1. a. b. C. d. e. MULTIPLE CHOICE The ratio percentage of earnings retained is the same as that termed: dividend yield dividend payout 2. a. b. C. d. e. UIBS C. d. e. 4. a. b. C. d. e. Class Work 1...
You are given the following estimated regression equation involving a dependent and two independent variables: a. Interpret the values of the slope coefficients in the equation. b. Estimate the value...
Rest Easy produces two types of mattresses: Regular and Heavenly. Budgeted and actual data for 2018 were as follows: Market Data for 2019: Expected total market unit sales of mattresses: Regular...
E ALU ATIN G P E RS O N AL AU TO M O B I LE P O LI CY FE ATU RE S. Tucker Carson of Pittsburgh, Pennsylvania is a single, 40-year-old loan officer at a large regional bank; he has a 16-yearold son....
Multiple-Choice Questions 1. Which document is NOT prepared by the sales department? a. Packing slip b. Shipping notice c. Bill of lading d. Stock release 2. Which document triggers the update of the...
CPAs involved in financial analysis focus on the 10-K for major companies. Gross profit and inventory valuations play a key role in recognizing the companys financial profile: Based upon the most...
In the drawing below you can see a cut through a bevel gear box. The torque from the drive side (1) is transmitted with the bevel gear (2) to the outcome side (3). The drawing has some design flaws...
Presented below is information related to Morrow Manufacturing Corporation. Instructions (a) Compute the rate of depreciation per year to be applied to the machines under the composite method. (b)...
Carlo travels for 3 hours on the highway. His average speed is 55 mi/h. How far does he travel?
Budenmayer BV is a small machine shop that uses highly skilled labour and a job-costing system (using normal costing). The total debits and credits in certain accounts just before year-end are as...
How much Group Revenue do you currently have booked for September 2024? (format $, no decimals; e.g, $5,000) How much additional Group Revenue do you need to book to hit your budget for September...
What strategies do businesses have in place that promote equal opportunity within the organization? Do most businesses offer career development and training to its employees? If so, why? How do...
How do you do the step method in cost accounting? I need help understanding the difference between the step method and reciprocal method.
1- How do long-term care changing the health care system in the 21st century? What ethical issues do you see playing a role in this situation? 2- Why do long-term health care and palliative care...
How do the processes and layouts of Harley Davidson enable it to deliver goods and services to its customer? (How do they do what they do with the resources they have?)
Fisafolia Corporation has gross income from operations of $210,000 and operating expenses of $160,000 for 2018. The corporation also has $30,000 in dividends from publicly traded domestic...
In the series connection below, what are the respective power consumptions of R, R2, and R3? R R www 4 V=6V P1-3 W; P2=3W; and P3= 3 W OP10.5 W; P2-1 W; and P3= 1.5 W P1=1.5 W; P2=1 W; and P3= 0.5 W...
The following data represent the number of grams of fat in breakfast meals offered at McDonalds. (a) construct a stem-and-leaf plot and (b) describe the shape of the distribution. 27 25 30 32 12 22...
Nielsen/NetRatings measures the amount of time an individual spends viewing a specific web page. The following data represent the amount of time, in seconds, a random sample of 40 individuals spent...
Why shouldnt classes overlap when summarizing continuous data in a frequency or relative frequency distribution?
An estimated 84 percent of enterprises now use cloud computing solutions involving multiple clouds, whereas less than 10 percent of large organizations employ just a single public cloud. Group of...
XYZ inc. was involved in a tax dispute with the national tax authority. The companys legal counsel estimates that there is a 75% likelihood that the company will lose the dispute and that the amount...
3 . Accounting.. How does depreciation impact financial statements, and what are the different methods of depreciation?

Rachel has $25,000 worth of property damage insurance. She causes $32,000 worth of damage to a sports

Question:

Step by Step Answer:

a the insurance compan...View the full answer

Financial Algebra Advanced Algebra With Financial Applications

Students also viewed these Mathematics questions