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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.  

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Sherry's teacher told her that she should schedule an informational interview with the mayor of her city. Which two questions wo
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Answer: Who else do you know in this career field that I could speak to about this career?

What experience did you obtain before being elected?

Explanation:

Informational interview is the interview which is conducted to obtain information from the celebrities, politicians, and other important people to understand and learn about the strategies and planning they are gone through with in their career.

Informational interview can also be defined as a kind of meeting in which the potential job seekers get career advice.

Here, Sherry is going to obtain the career advice from mayor. Thus she will ask question related to mayor's career.

She can ask about the prior experience of mayor in politics or any other field before he was elected. She can also ask about who else she can talk related to this career for better understanding.

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You are considering the following two mutually exclusive projects. The required rate of return is 14.6 percent for project A and
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Answer:

b. project A; because its NPV is about $4,900 more than the NPV of project B

Explanation:

Net present value is the Net value all cash inflows and outflows in present value term. All the cash flows are discounted using a required rate of return.

Mutually exclusive projects are those projects where only one project is selected for investment after analysis. NPV is the most preferred method in the evaluation of mutually exclusive projects for capital budgeting. That project is accepted which has higher positive NPV.

Net present value of Project A =$13,157.24

Net present value of Project A =$8,256.98

Difference = $13,157.24 - $8,256.98 = $4,900.26

Net Present value working is made in MS Excel File which is attached with this answer, please find it.

Download xlsx
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The second closing entry is as follows

Income summary Dr $48,000

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While cultural differences and bureaucratic paperwork for foreign governments make the prospect of global trade difficult for sm
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