If an owner-occupied home is totally destroyed without fraud by a fire, the amount of the loss is based on:

Answers

Answer 1

It should be noted that if an owner-occupied home is totally destroyed without fraud by a fire, the amount of the loss is based on policy limit.

A policy limit can be regarded as the monetary amount that is required to be paid by insurance company with respect to a specific insurance policy claim.

Therefore, in case of an owner-occupied home is totally destroyed without fraud by a fire, this loss is policy limit.

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Related Questions

A Smart sets up a new business. Before he actually sells anything, he has bought motor vehicle for $2500, premises for $4500, stock of goods for $1000. He did not pay full for his stock of goods and still owes $600 in respect to them. He borrowed $2800 from J Devan. After the events described and before trading starts, he had $150 cash in hand and $650 cash at bank. You are required to Calculate the Capital. Show all working.

Answers

The capital for A Smart is $5,400

Capital is computed as :

Capital = Asset - Liabilities

First, we need to determine the Asset.

Asset = Motor vehicle + Premises + stock + cash in and + cash at bank

Asset = $2,500 + $4,500 + $1,000 + $150 + $650

Asset = $8,800

Also, we will determine the liabilities

Liabilities = Money owed + Loan

Liabilities = $600 + $2,800

Liabilities = $3,400

Recall that:

Capital = Assets - Liabilities

Capital = $8,800 - $3,400

Capital = $5,400

Therefore, the capital for A Smart is $5,400

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How do depreciating assets hurt your financial health?
a. They decrease your net worth.
b. They increase your discretionary spending.
d. They lower your FICO score.
c. They increase your equity.

Answers

Answer:

A

Explanation:

net worth is based on assets and income so if assets decrease your net worth decreases

a token economy represents an application of the principles of

Answers

Based on business application, a Token economy represents an application of the principles of "operant conditioning."

What is a Token Economy?

Token Economy is the term used to describe the system of contingency management based on the systematic support of target behavior.

Generally, the Token Economy is established in a way that functions on operant conditioning and behavioral economics.

Token Economy can be categorized within applied behavior analysis.

Hence, in this case, it is concluded that the correct answer is "operant conditioning."

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How are NAFTA, the EU, and ASEAN similar

Answers

Answer:

Each decreases trade barriers among neighboring nations.

Explanation:

You have been invited to give a speech at a local restaurant. The person who is hosting the event has asked you to speak for 15 minutes on a topic of your choice. Walk though the process of deciding what to talk about and discuss the reasons and methods you would use to make an effective choice.

Answers

Give me some hint please

Answer:

talk about the recipes

Explanation:

Price floors usually result in ___________________.

Answers

The result of the price floor is that the quantity supplied, Qs, exceeds the quantity demanded, Qd. There is excess supply, also called a surplus
That’s what I found

Suppose you are a purchase manager who is the contract administrator for a major consulting firm installing a major enterprise resource planning system such as SAP or Oracle. What are some of the key elements that you would wish to include in the contract with the consulting company implementing this system?

Answers

The key elements that should be included in the contract include the right to work independently, and the avoidance of liability.

It should be noted that enterprise resource planning is important as it helps a firm manage and integrate the vital parts of the activities in the business.

From the complete information, the elements that should be included in the contract with the consulting company implementing this system include the right to work independently, and the avoidance of liability.

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How is Biden an affect on America.

Answers

Through Joe Biden's foreign policy plan, America will once again lead by example, ... the disruptive impact of new technologies, and climate change.

Max is a newly licensed real estate agent. He gets a position with a brokerage firm that plans to pay him commissions, not a salary. What kind of contract might Max want to make with his new firm

Answers

The type of contract which Max would have to draw up for his firm which is based on commissions and not salary is:

An independent contractor agreement

Based on the given question, we can see that max is a licensed real estate agent who gets a job with a brokerage firm and he is expected to make commissions instead of having a fixed salary.

With this in mind, the type of salary which Max would have to make with his new firm would be an independent contractor agreement because this would help him to work with more freedom and close sales and collect his commissions.

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A contractor can spend at most $350 a day on operating costs and payroll. It costs $75 each day to operate the forklift and $55 a day for each crew member. Write an inequality to represent the contractor's budget for the day. 75 55x ≥ 350 75 55x ≤ 350 75x 55 ≥ 350 75x 55 ≤ 350.

Answers

An inequality to represent the contractor's budget for the day is [tex]75 + 55x \leq 350[/tex].

Let the number of crew member be x.Let the forklift operating cost be F.Let the total cost be T.Let the payroll be P.

Given the following data:

Total expense [tex]\leq[/tex] $350

Forklift operating cost = $75

Payroll for each crew member = $55

To write an inequality to represent the contractor's budget for the day:

The contractor's budget for the day on operating costs and payroll must not exceed $350. Thus, the mathematical expression (inequality) for the contractor's budget in a day is represented as follows:

[tex]F+Px \leq T[/tex]

Substituting the given parameters into the formula, we have;

[tex]75 + 55x \leq 350[/tex]

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The Bridal Shop bought a dress from a supplier for $105 wholesale and applied a 65% markup to the price. If a 7. 5% sales tax were added after a 20% discount was used, what would be the total cost to purchase the dress?.

Answers

Based on the various additions as well as discount, the total cost of the dress would be $149.00

The cost of the dress after the markup would be:

= Wholesale cost x ( 1 + markup)

= 105 x (1 + 65%)

= 105 x 1.65

= $173.25

After the discount, the cost is:

= 173.25 x (1 - 20%)

= $138.60

The cost after the sales tax is:

= 138.60 x (1 + 7.5%)

= $148.995

= $149.00

In conclusion, the cost of the dress is $149.00

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Casey has a job doing valet parking. Casey makes an hourly rate of $4. 55 per hour plus tips. Last week Casey worked 26 hours and made $898. 55. How much in tips did Casey earn last week? a. $34. 56 b. $118. 30 c. $157. 25 d. $780. 25.

Answers

Answer:

$4.55 * 26 hours = $118.3 $898.55 - $118.3 = $780.25 Casey has a job doing valet parking. Casey makes an hourly rate of $4.55 per hour plus tips. Last week Casey worked 26 hours and made $898.55. Casey earned $780.25 in tips last week.

Casey earned tips totaling to a whooping amount of $780.25. She has received these tips by working for twenty-six hours in the last week. So, the correct option is D.

The calculation of tips earned by Casey is done by subtracting the value of his income less the actual salary earned by her during the period.

Calculation of salary and tips

The information that has been provided to us is that Casey worked for 26 hours in the week at a salary rate of $4.55 per hour.

The total income of Casey is $898.55. The total salary of Casey can be calculated as using the following formula,

[tex]\rm Total\ Salary\ = Hourly\ Rate\ x\ Hours\ Worked\\\\\\\rm Total\ Salary= 4.55\ x\ 26\\\\\\\rm Total\ Salary= $118.3[/tex]

So after finding the total salary of Casey, we will put the values of the salary in the formula required for computing earnings of Casey by way of tips,

[tex]\rm Tips = Total\ Income-\ Salary\\\\\\\ \rm Tips\ Received= 898.55- 118.3\\\\\\\rm Tips\ received= \$780.25 \\[/tex]

So we have found that the total income of Casey by way of tips is $780.25 for the last week.

Hence, the correct option is D that Casey earned $780.25 by way of tips in the last week out of the $898.55 he earned.

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All of the following are examples of labour intensive industry EXCEPT: *
1 point
Psychiatry
teaching
manufacturing
sports coaching

Answers

Answer:

Psychiatry

How?

Teaching is a capital intensive industry as it's depends upon the people and trade.Sports coaching is a industry and it also involves the intention of trade.Manufacturing also has intense of trade.Psychiatry doesn't has the intention of trade so it's the answer

if you have to decide to claim a credit or deduction on your taxes which should you take everfi

Answers

It should be noted that based on the information given, the appropriate one to choose will be a tax credit.

A tax deduction simply means the deduction that lowers the tax liability of an economic entity by lowering the taxable income.

If an individual wants to decide to claim a credit or deduction on their taxes, the one that should be chosen will be a tax credit. This is because it directly reduces the tax of the individual.

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In the early days of the game industry, nearly all games were developed by designers, for designers. More specifically, what age-range/gender were the designers, and for what age-range/gender were they designing the games for?

Answers

Based on historical perspective, the age range of the early game designers is between 40 to 60years old. Also, the gender for which the games were being designed is male.

History of Game Designs.

The history of game designs can be traced to William Higinbotham, a Physicist who created the first video game in 1958 at the age of 48 years.

William Higinbotham created the first video game during the Brookhaven annual visitors day to lighten the exhibition show.

The video game he created was tennis, known as "Tennis for Two," and the men in attendance played it.

Hence, in this case, it is concluded that the game designers were men, and they are in the age range of 40 to 60 years.

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Peter has three daughters who are eligible students. What is the maximum amount of tax credit available to him under the American opportunity credit, assuming he meets all requirements

Answers

Based on current tax laws, the maximum amount of tax credit available to Peter is $7,500

Under the American Opportunity Tax Credit (AOTC):

Tax credit can be earned on eligible students. A maximum of $2,500 can be received as tax credit per student.

Peter has three daughters and they are all eligible students which means that the maximum credit available is:

= 2,500 x 3 students

=  $7,500

In conclusion, Peter can get $7,500 in tax credit.

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Planing is the primary function of management.discuss

Answers

Explanation:

it is a primary function of management because it help in making the business and it makes it easier for the employees and everyone involved in the business in the workforce to see what is going to happen in the business and it's important for making decisions and such as trading and different types of that can a decision so it can also make it easier for the employees and the whole business to run smoothly because if you have a plan for everything then you can easily basically just you know work according to your needs and you can just flourish as a business

A surface, such as a prep table, that touches food or from which food could drip or drain onto surfaces that touch food is
called a "food-splash surface."
True
False

Answers

Answer:

False

Explanation:

Food contact surface is what it is called

The total dollar value of consumption, investment, government spending, exports, and imports is provided in the table above. What is the GDP of this fictional country?

Possible answers are:
$12,000,000
$9,000,000
$8,000,000
$10,000,000

Answers

The GDP of this fictional country is $ 8,000,000 (option C)

What is the GDP?

Gross domestic product (GDP) is a term to refer to a macroeconomic magnitude that expresses the monetary value of the production of goods and services in final demand of a country or region during a period, usually one year.

There are several ways to know the GDP of a country, the simplest is a mathematical operation that includes the following data:

The consumption of households and non-profit institutions.The investment of companies and families.The final consumption expenditure of the public sector.The value of net exports.The value of imports.

The operation states that we must add the first four indicators and subtract the last one. According to the information provided in the fragment, the operation would be:

5 + 2 + 2 + 1 - 2 = 8

According to the above, the GDP of this fictitious country is $ 8,000,000 (option C)

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If the demand for a product decreases, what is likely to happen?
A.
The supply is likely to increase.
B.
The demand is likely to be inelastic.
C.
The price is likely to increase.
D.
The price is likely to decrease.

Answers

D, the price is likely to decrease

how is the domain rank different from other ranks?

Answers

Because it was created recently.

In relation to ranks, the word "domain rank" is not well-known or standardized. You can be referring to a particular idea or measure regarding Website positioning or search engine optimization (SEO).

One search engine optimization (SEO) idea developed to gauge the effectiveness of a particular campaign is website authority or domain rank. Domain rating is a ranking indicator developed by Ahhrefs and used to show how strong a website's backlink profile is in comparison to other websites in their database.

Developed by Moz, the Domain Authority (DA) score for search engine rankings indicates how likely it is for a website to appear in search engine result pages (SERPs).

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Isabel and Stuart open a money market account to begin saving for the

college expenses of their newborn daughter. This is an example of a

investment strategy.

O A. high-return

B. diversified

C. long-term

O D. high-risk

SUBMIT

Answers

Considering the situation described above, this is an example of a "Long-Term investment strategy."

What is a Long-Term Investment Strategy?

Long Term Investment Strategy is a type of investment decision in which the investor hopes to reap the rewards later, usually five years or more.

Given that Isabel and Stuart opened a money market account to begin saving for the college expenses of their newborn daughter, which may take an average of 16 years or more before they reap it, this is an example of a "Long-Term Investment Strategy."

Hence, in this case, it is concluded that the correct answer is "Long-term investment strategy."

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Answer: C, long-term

Explanation: just finished test

PLEASE HELP ASAP!!!! (><) IT’S TIMED!!!

Gidgits Galore's payment plan under Chapter 11 was rejected by its committee of creditors, and the court
agreed and dismissed its petition. Gidgits Galore now seeks to file a petition in Chapter 7 to liquidate. The bank loaned Gidgits Galore $10,000 and secured the loan with a lien on 1,000 gidgits but did not file a financing statement. The bank is an unsecured creditor.
True
False
———————-———————————
Choose the term that best matches the description given.
To sell the assets of a business, pay the bills and divide the remainder among stakeholders
1. Default
2. Liquidation
3. Collateral
4. Reorganization
——————————————————
Choose the term that best matches the description given.
Equipment, property or funds owned by a business
1. Assets
2. Collateral
3. Lien
4. Trustee
——————————————————

Answers

Gidgits Galore's payment plan under Chapter 11 was rejected by its committee of creditors, and the court

agreed and dismissed its petition. Gidgits Galore now seeks to file a petition in Chapter 7 to liquidate. The bank loaned Gidgits Galore $10,000 and secured the loan with a lien on 1,000 gidgits but did not file a financing statement. The bank is an unsecured creditor.

True

False

Choose the term that best matches the description given.

To sell the assets of a business, pay the bills and divide the remainder among stakeholders

1. Default

2. Liquidation

3. Collateral

4. Reorganization

Choose the term that best matches the description given.

Equipment, property or funds owned by a business

1. Assets

2. Collateral

3. Lien

4. Trustee

The answers to the questions have been given below

1. It is true that the bank is an unsecured creditor.

2. Liquidation is to sell the assets and share the proceeds among stakeholders.

3. Collateral is the Equipment, property or funds owned by a business.

What does it mean to be liquidated?

This refers to the fact that the business is about to go on a shutdown. The assets that the business owns would then have to be shared among all the people that have stakes in it.

Collateral is the property that is used to get a loan. It refers to what the business would give in exchange for the funds that they are to loan.

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Which finger should you use to type the space bar?

Index finger
Pinkie finger
Ring finger
Thumb

Answers

Answer:

thumb should be used to press space bar.

Answer:

Thumb

Explanation:

Your thumbs should rest on the space bar in order to type properly. Therefore, you use your thumbs to type a space.

What was one result of the Bretton Woods system?
A. The U.S. dollar became backed by gold for the first time.
B. The U.S. dollar was no longer accepted in most countries.
C. The U.S. dollar became more valuable and influential.
D. The U.S. dollar lost its status as the world's reserve currency.

Answers

One of the results of the Bretton woods system was that the U.S dollar became more valuable and influential.

What is Currency?

Currency is a medium for exchange for goods and services. It is a form of legal tender approved by the government and accepted by all as a means of exchange.

The U.S dollar is a popular form of currency that is accepted by most countries as a form of exchange. After the Bretton Woods system was adopted, the U.S dollar became more influential and valuable to many.

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Which financial tool is most important when planning for your future financial goals? Enrolling in a high interest savings account Creating a budget Mortgaging a house Taking on extra debt.

Answers

The financial tool that is vital when planning for your future financial goals is creating a budget.

A budget simply means an estimate of the income and the expenditure of an economic entity for a particular period of time.

It should be noted that a budget is vital for an individual to plan his or her expenses. For example, if one wants to buy a car in the future, the person can make a budget for it.

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Answer:

Creating a budget

Explanation:

How can you say that Economics is a science of choice??​

Answers

Answer:

Your answer is attached above

hope it helps

and I want to talk to you kavya sis

It's really important plzz dont ignore plzzz

in what fast food company do this famous tag line belongs " I'm loving 'it"​

Answers

Explanation:

McDonald's

I'm loving it

McDonald’s old jingle I believe

a nation can increase its production possibilities by

Answers

Answer:

Improvement in labor productivity, increase in resources, and technological advancements

Explanation:

In Roger Arnold's text entitled, "Macroeconomics" (2019), a nation can increase its production possibilities and achieve economic growth through an improvement in labor productivity, an increase in its resources, and technological advancements.

A nation is said to be productive efficient if it can produce the maximum amount of goods with its existing resources and technology.  Hence, it is essential for a nation to take advantage of the productive capabilities of its workforce with specialized trade, which could also increase the production of consumer goods and trading of specialized services.

An increase in resources enables a nation to produce greater quantities of military and civilian outputs. Technological advancements also allow a nation to increase its productive capabilities, thereby enabling them to produce goods with a fixed amount of resources, or produce the same amount of output with lesser resources used.  

Export Production,

Increases the country's stock of wealth

Allows family members to make productive use of their time

Saves money on imports

Produces enough to support the needs of the community

Answers

Answer:

Increases the country's stock of wealth

Explanation:

There are two types of businessesImportExportImport means to buy things which are made otherwhere from other countries to our own country.Export means to transfer things which are made in our country to outside
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