What amount will the insurance company pay

Assignment Help Accounting Basics
Reference no: EM131579243

Question - Kurt Simmons has 70/145/15 auto insurance coverage. One evening he lost control of his vehicle, hitting a parked car and damaging a storefront along the street. Damage to the parked car was $7,800, and damage to the store was $23,320.

a. What amount will the insurance company pay for the damages?

b. What amount will Kurt have to pay?

Reference no: EM131579243

Questions Cloud

Differences between absorption and contribution income : Explain the main differences between the absorption and contribution (behavioral, variable) income statements
Determine whether a graph has a spanning tree : Give an algorithm that determines whether a graph has a spanning tree, finds such a tree if it exists, and takes time bounded above by a polynomial in v and e.
What does this comparison imply regarding the growth company : What does this comparison imply regarding the growth company?
What is a silo and how do silos lead to conflict : What is a silo and how do silos lead to conflict? How can managers break down silos in organizations?
What amount will the insurance company pay : Kurt Simmons has 70/145/15 auto insurance coverage. What amount will the insurance company pay for the damages
How can biases create listening barriers : How can biases create listening barriers? Do you have specific biases that have impacted your listening ability? Explain.
Environmental problems that cross adjacent states : What team decision-making problems are likely to be apparent in this government forum and what actions can you take to minimize these problems?
What went well with the meal : What went well with the meal? What were some difficulties or challenges with the meal?
Faxes a secure way to exchange patient information : Are e-mails and faxes a secure way to exchange patient information? Discuss the alternative ways HIE offers for secure communication?

Reviews

Write a Review

Accounting Basics Questions & Answers

  During the current year the harlow corporation which

during the current year the harlow corporation which specializes in commercial construction has the following property

  Differences between probability and non-probability sample

Discuss the differences between a probability and a non-probability sample. Under what circumstances would each be used?

  An increase in the accounts receivable account of a company

an increase in the accounts receivable account of a company from 40000 at the beginning of the year to 60000 at the end

  Computation of expenses on the accrual basis

Expensens accrued and still unpaid were $6,000 as at December 31, 2007, and $9,000 as at December 31, 2008. Can you show the computation of expenses on the accrual basis for the year 2008?

  Explain why deferred income taxes can be reported as both

access the financial statements and related disclosure notes of google inc. from its website at investor.google.com. in

  What is the connection between cost of the ring major

what is the connection between cost of the ring major materialslabor overhead and the items price to a

  From the following accounts and amounts prepare a balance

from the following accounts and amounts prepare a balance sheet for the swell company for december 31 2010. you must

  Prepare the journal entry required to establish

Prepare the journal entry required to establish the valuation account at January 31 and entries to adjust it monthly there after.

  A company had inventory on november 1 of 6 units at a cost

a company had inventory on november 1 of 6 units at a cost of 10 each. on november 2 they purchased 11 units at 11

  Cost of goods manufactured equals 44000 for 2008 finished

1.cost of goods manufactured in a manufacturing company is analogous to a.ending inventory in a merchandising company.

  Create journal entries for the given transactions

Create journal entries for the following transactions. Draw up a T-accounts for each account affected by transactions. Calculate ending balances for all T-accounts

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd