answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
r-ruslan [8.4K]
2 years ago
9

Al Smith, who lives in Territory 5, carries 10/20/5 compulsory liability insurance along with optional collision that has a $300

deductible. Al, who was at fault in an accident, caused $4,000 damage to the other auto, as well as $900 damage to his own. Also, the courts awarded $15,000 and $7,000 respectively to the two passengers in the other car for personal injuries. Al is responsible to pay a total of _____

Business
1 answer:
photoshop1234 [79]2 years ago
5 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

You might be interested in
16. John Smith has been a bachelor for most of his life and has been very happy that way. He has spent the last seven years livi
matrenka [14]
#16 is B because I know I’ve had that problem before
6 0
2 years ago
Python Company sells merchandise on account for $5000 to Monte Company with credit terms of 2/10, n/30. Monte Company returns $1
Lisa [10]

Answer:

amount of the check  =  $3430  

Explanation:

given data

sells merchandise account =  $5000

credit terms of 2/10, n/30

Company returns =  $1500

to find out

amount of the check

solution

we will find here amount of the check that is express here as

amount of the check =  (sells merchandise account -  Company returns) × (100 - n )    .......................1

put here value in equation 1 we get    

amount of the check  =  (5000 - 1500 ) × (100% - 2%)

amount of the check  =  (3500 ) × (98%)  

amount of the check  =  $3430  

7 0
2 years ago
McLeod Fries, Inc. has budgeted sales for June and July at $670,000 and $770,000, respectively. Sales are 85% credit, of which 6
ratelena [41]

Answer:

Account receivable on July 31 = $261,800

Explanation:

We would not be making use of the information for June as the question says 60% is collected in the month of sale and 40% is collected in the following month . Therefore as at July 31, all of june sales would have been collected and won't be outstanding

July credit sales = 85% * $770,000 = $654,500

Collected in July (60%) = 60% * $654,500 = $392,700

Receivable as at 31 July = $654,500 - $392,700 = $261,800

8 0
2 years ago
What allows consumers to receive goods and services in a non-price rationing system?
Tatiana [17]
Non-price rationing system is commonly done by queuing (to resolve rationing problems brought by price ceilings) and by coupons (to restore buyer equilibrium). Favored customers who received special treatment from dealers when there is an excess demand, which means: owners giving goods and services to their friends, is another non-price rationing mechanism. I hope that this is the answer that you were looking for and it has helped you.
6 0
2 years ago
Lion Company's direct labor costs for the month of January were as follows: What was Lion's direct labor efficiency variance? Se
lakkis [162]

Answer:

Direct labor time (efficiency) variance= $6,150 favorable

Explanation:

Giving the following information:

Lion Company's direct labor costs for the month of January were as follows:

Actual total direct labor-hours 20,000

Standard total direct labor-hours 21,000

Direct labor rate variance - unfavorable $3,000

Total direct labor cost $126,000

First, we need to calculate the standard direct labor hour cost.

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Actual rate= 126,000/20,000= 6.3

-3,000= (SR - 6.3)*20,000

-3,000= SR20,000 - 126,000

123,000/20,000= SR

6.15= Standard rate

To calculate the direct labor efficiency variance, we need to use the following formula:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (21,000 - 20,000)*6.15

Direct labor time (efficiency) variance= $6,150 favorable

7 0
2 years ago
Other questions:
  • Lilly would like to start investing. What tools and services can she benefit from?
    12·1 answer
  • Rodeo ranch's agent slim is authorized to draw checks on rodeo ranch's account in town bank. upper range corporation is a rodeo
    13·1 answer
  • A cell phone provider charges felicia $50 per month for her plan plus $0.05 per min of long distance calls.if felicia wants to k
    10·1 answer
  • Answer the following question in your own words:
    8·1 answer
  • Presented below are selected ledger accounts of Coronado Corporation as of December 31, 2020. Cash $51000 Administrative expense
    9·1 answer
  • During 2022, Oriole Company sold equipment with a book value of $158400 for proceeds of $191400. The company purchased new equip
    9·1 answer
  • Assume that Plavor Brands, Inc. has 10,000,000 common shares outstanding that have a par value of $2 per share. The stock is cur
    9·1 answer
  • Choose the best answer. The Maturity Risk Premium: Group of answer choices a. Is the premium reflecting the possibility of the f
    5·1 answer
  • Explain the steps that should be taken by an internal accountant/CMA when there is a difference of opinion with one's supervisor
    10·1 answer
  • When Marilyn Monroe died, ex-husband Joe DiMaggio vowed to place fresh flowers on her grave every Sunday as long as he lived. Th
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!