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

Question

1 Approved Answer

Mathew has the following deposit accounts in a closed bank: Mathew's business (sole proprietorship), P100,000; Mathew and Mark, and Luke and John, P750,000. What is

Mathew has the following deposit accounts in a closed bank: Mathew's business (sole proprietorship), P100,000; Mathew and Mark, and Luke and John, P750,000. What is the maximum amount of insurance coverage insofar as Mathew is concerned? A. P100,000. B. P225,000. C. P250,000. D. P500,000

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_2

Step: 3

blur-text-image_3

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

Survey Of Accounting

Survey Of Accounting

Authors: Carl S. Warren, Amanda Farmer

9th Edition

0357132599, 978-0357132593

More Books

Students also viewed these Accounting questions

Question

★★★★★
From a cross between individuals with the genotypes Cc Dd Ee cc dd ee, 1000 offspring were produced. The class that was C- D- ee included 351 individuals. Are the genes c, d, and e on the same or...

Answered: 1 week ago

Question

★★★★★
Shelly had just inherited money from her parents that she was considering placing in a joint account with her husband. She also was contemplating a legal separation from her husband. What advice...

Answered: 1 week ago

Question

★★★★★
Determine the of ????2 when (a) ???? = 0.83. (b) ???? = .77.

Answered: 1 week ago

Question

★★★★★
Miracle Tool, Inc., sells a single product (a combination screwdriver, pliers, hammer, and crescent wrench) exclusively through television advertising. The comparative income statements and balance...

Answered: 1 week ago

Question

★★★★★
5 7 . Explore the challenges and opportunities of implementing safety permit systems in decentralized organizational structures, such as multinational corporations with regional autonomy and...

Answered: 1 week ago

Question

★★★★★
The National Football League (NFL) records a variety of performance data for individuals and teams. To investigate the importance of passing on the percentage of games won by a team, the following...

Answered: 1 week ago

Question

★★★★★
Za posie;h en cada ins/ank 4 z Je ana par/vcu2a en mov;men/o L larr x dloJ por nO"n posjOdn . X 14): De/ermjne pempc cganJ' Ia e.k ynouend4 havi do-echa. b) ;nrJs Cuando at2Lrando.

Answered: 1 week ago

Question

★★★★★
The North American Free Trade Agreement (NAFTA) was an agreement among the United States, Canada, and Mexico that was in effect between 1994 and 2020. During this time, the number of manufacturing...

Answered: 1 week ago

Question

★★★★★
Businesses like Earth Angel and Bubbly Dynamics described in the "Adapting to Change" box reuse, redistribute, refurbish or recycle products instead of adding them to landfills. This circular economy...

Answered: 1 week ago

Question

★★★★★
3-7. The box of a dump truck pivots at A and has a force of 850 lb applied by a hydraulic cylinder as shown in Figure P3-7. Determine the moment about A due to this force. 63 850 lb 30 A FIGURE P3-7

Answered: 1 week ago

Question

★★★★★
One of Lauren's responsibilities as the director of graduate enrollment was to make the first night of class in the MBA program, known as Base Camp, a welcoming and impressive event. She assembled...

Answered: 1 week ago

Question

★★★★★
An electronics store kept records of sales of tablets for the previous month. Those buying a tablet had the option of buying an additional warranty for their item. It was also recorded whether the...

Answered: 1 week ago

Question

★★★★★
8. Find the reference angle ref if = 240. 17 9. Find the reference angle ref if = 10 10. Find the least positive coterminal angle if 0 = 1895.

Answered: 1 week ago

Question

★★★★★
1. What will happen in the future

Answered: 1 week ago

Question

★★★★★
3. Avoid making mistakes when reaching our goals

Answered: 1 week ago

Question

★★★★★
4. Achieve our positive goals (1 and 3 are motivated by avoiding the negative, while 2 and 4 are motivated by the positive). b. Initiative: When I communicate with others, I think it is very...

Answered: 1 week ago

Previous Question Next Question