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1.Calculate cost and refund (use table in text if needed): Annual Premium Canceled After Canceled by Premium Cost Refund $400 6 months Insured A B
1.Calculate cost and refund (use table in text if needed):
Annual Premium | Canceled After | Canceled by | Premium Cost | Refund |
$400 | 6 months | Insured | A | B |
$800 | 9 months | Insurer | C | D |
2.
Date | Units | Unit Cost | |
Beg. Inventory | Jan. 1 | 8 | $6.00 |
Apr. 11 | 24 | $11.00 | |
May 17 | 30 | $14.00 | |
Dec. 5 | 19 | $16.00 | |
21 units sold |
Calculate:
LIFO | FIFO | Weighted-Average | |
Cost Ending Inventory | A | C | E |
COGS | B | D | F |
3.
Jenny Siebert purchased a new Ford Explorer and insured it for compulsory 10/20/5. While
traveling to work, Jenny hit another vehicle, injuring both occupants, who were awarded personal
injury judgments of $96,000 and $15,000, respectively. What will Jenny have to pay out of pocket
for their injuries?
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