FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kevin has a $500 deductible for property damage and a limit for property damage of $10,000. Kevin doesn't notice his garage is closed and backs

Kevin has a $500 deductible for property damage and a limit for property damage of $10,000. Kevin doesn't notice his garage is closed and backs into it as he tries getting out of the house. The garage costs $8,000 to fix. How much money does his insurer pay? How much does he pay to fix the garage?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting

Cost Accounting

Authors: M.Y. Khan, P.K. Jain

2nd Edition

9339203445, 9789339203443

More Books

Students also viewed these Accounting questions

Question

★★★★★
The discussion of eCos spinlocks included an example showing why spinlocks should not be used on a uni-processor system if two threads of different priorities can compete for the same spinlock....

Answered: 1 week ago

Question

★★★★★
Find the probability that your friend is no more than 5minutes late.

Answered: 1 week ago

Question

★★★★★
Compute the value of the ????-value for each of the following values of ????obs for a large sample ????-test for the difference of two proportions. (a) ????0 ???????? ???????? and ????obs = 1.38....

Answered: 1 week ago

Question

★★★★★
On January 1, 2009, Plymouth Corporation acquired 80 percent of the outstanding voting stock of Sander Company in exchange for $1,200,000 cash. At that time, although Sanders book value was $925,000,...

Answered: 1 week ago

Question

★★★★★
SMITH INC. BANK RECONCILIATION Cash balance per bank $8,200 Cash balance per books (general ledger) $6,500 Outstanding checks $2,460 Check mailed to the bank for deposit had not reached the bank by...

Answered: 1 week ago

Question

★★★★★
Directions: Choose 10 of the following, and identify and explain each other. 1. establishment clause 2. free exercise clause 3. probable cause 4. reasonable suspicion 5. broad interpretation 6....

Answered: 1 week ago

Question

★★★★★
Your client uses the Deposit feature to record retainers in QuickBooks Online. The customer paid a deposit of $600, and you create an invoice for $1,500 worth of work. Where does the outstanding...

Answered: 1 week ago

Question

★★★★★
Successful implementation of strategy depends upon the congruence of both formal and informal parts of an organization. Which of the following is POOR advice to minimize the performance gap (i.e.,...

Answered: 1 week ago

Question

★★★★★
A public health class is tasked with creating a mock response to a hurricane situation. Instructions included assuring the plan included common terminology. Which of the following would be an example...

Answered: 1 week ago

Question

★★★★★
Harold's Haberdashery sells custom-made suits. Each suit is made after the customer has placed the order and has been measuredDuring the first quarter, Harold's estimates it will produce 352 suitsIt...

Answered: 1 week ago

Question

★★★★★
Walter Utilities is a dividend-paying company and is expected to pay an annual dividend of $0.45 at the end of the year. Its dividend is expected to grow at a constant rate of 9.00% per year. If...

Answered: 1 week ago

Question

★★★★★
1. How can the assignment of a champion facilitate the introduction of the new HRIS? Is Jack Newman the best person to act as champion? Jack Newman had recently been appointed regional direc-tor of...

Answered: 1 week ago

Question

★★★★★
3.4 Define HRIS and describe its main components.

Answered: 1 week ago

Question

★★★★★
1. Where are the IT clusters in Canada today? What are some common attributes of these clusters?

Answered: 1 week ago

Previous Question Next Question