Melvin has an auto insurance policy that includes both collision and comprehensive coverage. he has a $250 deductible on his collision coverage and a $100 deductible on his comprehensive coverage. his car has a book value of $7,500 when he is in a one-car accident with a tree. the car suffers damages of $5,000. how much will melvin's insurance company pay for this repair work?

Answers

Answer 1

Answer:

The insurance company will cover $4,750 of the damages. The insurance company will take the deductable of $250 out of the money given to Melvin for repair work leaving him with $5,000 - $250 = $4,750

Related Questions

An apartment building has potential annual rents of $80,000. Expenses are $26,000. The current vacancy rate is 6%. The owner has a rate of return of 15%. What is the value of the building?
People's perception of ________ is their judgment that impartial methods were used to determine the consequences an employee obtains. Group of answer choices interactional justice expatriation outcome fairness procedural justice progressive discipline
: An item has a price tag of $35 and another tag that says, "20% Off." What is the sale price?
Cosmetic Profits. Sally is the executive vice president of Big Name Cosmetics Company. Through important and material, nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. It is expected that stock in Big Name Cosmetics will rise dramatically at that point. Sally immediately buys a number of shares of her company's stock. She also tells her friend Alice about the expected purchase of stores. Alice wanted to purchase stock in the company but lacked the funds with which to do so. Although she did not have the funds in Bank A, Alice decided to draw a check on Bank A and deposit the check in Bank B and then proceed to write a check on Bank B to cover the purchase of the stock. She hoped that she would have sufficient funds to deposit before the check was presented for payment. Of which offense is Sally guilty, if any, in purchasing stock of her company?
Outsourcing value chain activities has such strategy-executing advantages as(A) less internal bureaucracy, speedier decision-making, quicker responses to changing market conditions, and heightened focus on performing a select few value chain activities (which can improve performance of those activities).(B) facilitating the empowerment of employees (because there are less things to do internally).(C) promoting a total quality management culture.(D) reducing the need to establish a strongly implanted corporate culture.(E) reducing the strategic importance of building valuable core competencies.

Amor, a successful brand of women's clothing, recently introduced a line of fitness equipment. this is an example of ________.

Answers

Amor, a successful brand of women's clothing, recently introduced a line of fitness equipment. This is an example of diversification. Diversification describes the processes of having diverse product offerings. When you diversify, you are differentiating your products to meet more needs for consumers. Since the brand of clothing recently introducted a line of fitness equipment, they are diverisfying themselves by branching out into other markets.

Kacey grew up sailing and still loves it today. After securing a great job after graduation, he started saving for his own sailboat. He had his eye on one in particular and had saved about half what he needed when his company transferred him to Phoenix, which didn't have the same recreation options. Which of the following best describes Kacey? a. Kacey is both in the market and the target market for the sailboat.
b. Kacey is not in the market for the sailboat yet.
c. Kacey was in the market for the sailboat prior to his move to Phoenix.
d. Kacey is in the market for this sailboat but not the target market

Answers

Answer:

Explanation:

Based on the scenario at hand and the different options listed it can be said that the one that best describes Kacey is that Kacey is not in the market for the sailboat yet. That is because even though Kacey loves sailing, where she currently lives (Phoenix) does not have places to sail. Also, she does not even have the money to buy a sailboat yet and therefore is not in the market to buy one at the current moment in her life.

During the recession of 2007-2009, despite falling income levels, the fast-food chain Subway experienced increased sales. The increase in demand for Subway sandwiches despite the decline in income indicates that Subway sandwiches are considered

Answers

Answer:

Inferior goods

Explanation:

If during the recession, despite falling income levels, the fast-food chain Subway experienced increased sales; then the increase in demand for Subway sandwiches despite the decline in income indicates that Subway sandwiches are considered inferior goods.

Income elasticity is an economic principle which states that 'normal goods have their demand increase when the income of consumers increase while inferior goods are those goods that have their demand increase when income falls'

It suggests that consumers could not afford healthy meals during the recession because of their decrease in income, hence, they had to eat more of affordable Subway sandwiches.

Jenny is a financial planner and wants to sell fixed-income investments. For this purpose, she requires a(n) certificate.

Answers

To became a financial planner that sell fixed-income investment, Jenny requires a CFP certificate.

In order to get it, Jenny has to pass the CFP certification exam that's administered by the CFP board, as a sign that Jenny has fulfilled the standard.

ANSWER: FINRA Series 7

EXPLANATION: Jenny needs a FINRA Series 7 certificate which will allow her to sell and buy security products such as Mutual Funds, Stocks, Bonds and Fixed Income Investments.

The advisor needs to pass a test consisting of 250 multiple choice questions which are there in two sections of 125 each. Time alloted is three hours for each section. It is also required to work for an organization registered with FINRA to secure the license.

Bridget has an outstanding balance on four different credit cards. Which method of paying off her credit card debt will save her the most money?paying the minimum balance each month

making fixed payments

snowballing her payments according to the highest interest rate

snowballing her payments according to the lowest balance

Answers

Answer:

The correct answer is "snowballing her payments according to the lowest balance".

Explanation:

The snowball method that prioritizes paying off the lowest debt first, regardless of the interest rate.

Debts must be ranked from lowest to highest and the minimum balance on each must be paid, except on the card with the lowest debt. For the lowest debt, you must pay as much money as possible each month until the total amount of debt is completed. Then you must move on to the second smallest debt and pay it off in that order.

Have a nice day!

snowballing her payments according to the highest interest rate or making fixed payments I'm not sure between those two

Conformance quality addresses whether the product was made or the service performed to specifications. True False

Answers

Answer:

It's true

Explanation:

Quality as compliance is a concept of quality based on the product, whose main objective is to meet a set of characteristics that can be measured and established by the manufacturer to satisfy the customer, which implies a technical concept of quality.

The concept would be admissible when it is easy and possible to correctly identify the specifications. The main advantages:

• Ease of measurement

• It forces management to disaggregate all the components of the product, in order to establish the quality parameters.

• It is useful to clarify the responsibilities as operators and supervisors

• Efficiency improvement

However, it also has some drawbacks:

• It is oriented towards the product, towards internal efficiency (not towards the customer).

• A continuous redefinition of specifications

Other Questions

Trey Tires is going to merge with Big Spokes, and the merger will result in layoffs. As a result, the workers are not happy. They start doing less work and waste their time by taking frequent breaks. In the context of scientific management, this behavior of the workers is known as _____.

For a car loan using simple interest at a given rate, the amount of interest charged varies jointly with the loan amount (also known as the principal) and the time of the loan (in years). if a $ 15 comma 000 car loan earns $2610 in simple interest over 6 years, how much interest will a $32 comma 000 car loan earn over 8 years?

You and the other shoe store owners decide to fix your shoe prices at $60 a pair in order to maximize your profits. This is called _____.a market price competition collusion

Which advertising term refers to a short memorable phrase used to highlight the utility and “personality” of a person or thing?a. endorsement b. incentive c. sponsorship d. slogan