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tigry1 [53]
2 years ago
9

Cathy’s apartment was broken into and her two-year-old sound system was taken. Cathy had paid $1,400 for the system, but it will

cost $1,800 to replace the unit. She has a homeowner's policy with $20,000 coverage for personal property, a $200 deductible, and actual-cash-value coverage. How much will Cathy receive from the insurance to cover this loss assuming the life expectancy of the system is ten years?
Business
1 answer:
dedylja [7]2 years ago
5 0

Answer:

$1,240

Explanation:

The actual cash value coverage will pay for the replacement cost of Cathy's sound system minus depreciation.

replacement cost = $1,800

expected useful life = 10 years

depreciation for 2 years = $1,800 x 2/10 = $360

sound system's net value = $1,800 - $360 = $1,440

Cathy will receive = net value of sound system - deductible = $1,440 - $200 = $1,240

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Seth Erkenbeck, a recent college graduate, has just completed the basic format to be used in preparing the statement of cash flo
agasfer [191]

Answer:

See below

Explanation:

Statement of cash flow for ATM SOFTWARE

• The figures seems to be in thousands already.

Cash flow from operating activities

Net income

$11,800

Increase in Account receivable

($4,030)

Decrease in Account payable

($1,730)

Depreciation expense

$5,435

Decrease in inventory

$1,445

Decrease in prepaid rent

$875

Net cash flow from operating activities

$13,795

Cash flow from investing activities

Sale of land

$8,590

Purchase of equipment

($39,715 )

Net cash flow from financing activities

($31,125)

Cash flow from financing activities

Issuance of stock

$12,925

Long term note payable

$16,345

Purchase of treasury stock

($2,585 )

Payments of dividends

($6,310)

Net cash flow from financing activities

$20,375

Net increase in cash

$1,725

Cash at the beginning

$8,215

Cash at the end

$9,940

5 0
1 year ago
If you were using a simple exponential smoothing forecast model (alpha value equal to 0.30) that generated a forecast of 25.10 u
AveGali [126]

The simple exponential smoothing is a method suitable for predicting data with no style or seasonal pattern. While in Moving Averages the past observations are weighted similarly, Exponential Smoothing allocates exponentially lessening weights as the observation get older.

<span>Forecast for upcoming week = 25.10 + 0.3 (31 – 25.10) = 26.87</span>

7 0
2 years ago
Botox Facial Care had earnings after taxes of $340,000 in 20X1 with 200,000 shares of stock outstanding. The stock price was $74
scoundrel [369]

Answer:

$1.7; 44 times

Explanation:

a) EPS(20X1):

= Earnings after taxes / Number of shares

= $340,000 / 200,000

= $1.7

P/E ratio(20X1):

= Price / EPS

= $74.80 / $1.7

= 44 times

EPS(20X2):

= Earnings after taxes / Number of shares

= $378,000 / 200,000

= $1.89

P/E ratio(20X2):

= Price / EPS

= $83.00 / $1.89

= 43.92 times

3 0
1 year ago
The following is TRUE about Inventory:________.A. Firms decrease inventory because there is a risk of significant and unpredicta
Aleks [24]

Answer:

The correct answer is option (c).

Explanation:

Solution

From the question sated above the answer is, Firms or organisation decrease inventory because the more we spend on inventory, the more we will need to spend on the other related inventory expenditures.

The reason is because if the inventory is kept full or complete, then the cost related or connected with the maintenance of the inventory increases or goes up and it is not beneficial for the company itself.

7 0
2 years ago
A disadvantage of adding a salad bar to a school lunch menu would be ?
bearhunter [10]
The cost of adding more options. Supply and demand: would the students want to have salad for lunch, or would it go to waste?
5 0
2 years ago
Read 2 more answers
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