Because of an accident Royce was involved in, his insurance company has increased his annual premium for auto insurance by 5. 2%. His original policy was set up using the premiums listed below. What is his new annual premium after the increase for the accident?.
Answers
Premium is often paid by people based on some kinds of services offered.
From the picture attached, we can see Royce' premiums for the previous year, which were;
Bodily injury $22.50 Property damage $144.75 Collision $275.75 Comprehensive $100If you add all together, the total premium of the policy was $543
Note that the premiums will increase by 5.2%,
therefore, the new total premium will be = $543 x 1.052 = $571.24
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Related Questions
Discuss the value of technology in business
Answers
Answer:
technology has helped business in many ways from it making it easier to shop via the internet and also for the businesses to start putting more and better advertisements then what they were doing before, technology has also made it easier to create the products as well as examine them for flaws.
Explanation:
Which of the following will likely lead to cost-push inflation? Select the two correct answers. (1 point)
An increase in the price of oil has reduced supply of all goods and services that use oil as an input.
An ongoing war causes government spending to nearly double in quantity.
O A tornado destroys factories and lowers supply levels throughout the economy.
Exports increase dramatically after a relative drop in price.
O Consumers become more comfortable with debt, increasing their spending as they take on more loans.
Answers
Considering the available options, the statements that will likely lead to cost-push inflation include "An increase in the price of oil has reduced supply of all goods and services that use oil as an input."
The other options that will likely lead to cost-push inflation are "Consumers become more comfortable with debt, increasing their spending as they take on more loans."
What is Cost-Push inflation?Cost-Push inflation is a type of inflation caused by the rise in the cost of wages and raw materials.
This implies that the rise in wages allows the consumers to spend more money on limited supply.
Also, when the rise in the cost of materials reduced the supply of all goods and services.
Hence, in this case, it is concluded that the correct answer is options A and E.
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Correct Answers:
- An increase in the price of oil has reduced supply of all goods and services that use oil as an input.
- A tornado destroys factories and lowers supply levels throughout the economy.
Hope this helps!
Bridgman is a candy maker who uses machines that generate noise and vibration. Sturges is a doctor next door whose consulting room is on the boundary of Bridgman's property and so is affected by the noise and vibration. The court has granted the doctor an injunction that prevents Bridgman from using his machinery. Assume that the transaction costs required for Bridgman and Sturges to get together and bargain are negligible. Based on this information, which of the following statements is correct?
a. Sturges will pay Bridgman to reduce the production level of candies.
b. If the court ruled that Bridgman had the right to produce candies, then Sturges would have had to close his surgery.
c. Bridgman will have to close down his firm.
d. None of the listed answers is correct.
e. The court's role was to establish the initial property rights of the two parties.
Answers
Based on this information the correct statement is that the court's role was to establish the initial property rights of the two parties.
The answer to this question is option e.Given that both this doctor and the candy maker have the sole rights to their properties, the property right gives them the right to keep others away from their properties.
If this court is stopping the candy maker from doing business, then the court is against his property right. Therefore the court first had to establish the initial rights here.
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A mother wants to divide $680.00 among her children according to the ratio 2:4:6. The shares would be
Answers
Answer:
The shares would be… 113.33, 226.66, and 340
Explanation:
First step
2:4:6=12
2/12=1/6
4/12=1/3
6/12=1/2
Step 2
Since 1/6 of the money is for one child it would be 1/6 times (of) 680. This equals 113.33, you do the same for the other two children. You get 226.66 and 340 for the other two children.
:)
________ play an important role in matching supply and demand by providing consumers with a broad assortment of products in small quantities.
Answers
Intermediaries play an important role in matching supply and demand by providing consumers with a broad assortment of products in small quantities.
When goods are produced or manufactured by producers, there will be need to make those goods available to final consumers.
The intermediaries- Wholesalers and retailers buys these goods from the producers and make them available to final consumers in small quantities.
By making the goods available to consumers, the intermediaries are playing important role in matching supply and demand by providing consumers with a broad assortment of products in small quantities.
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When evaluating business plans THESE are primarily concerned with the four Cs of credit. Employees Investors Vendors Lenders
Answers
During an evaluation of business plan, the four Cs of credit are mostly important and used by investors,
An investor in this context are those who borrow people money in return for interest payable on the loan given out.
The investor are the set of people who mostly employs the 4C's of credit.
Hence, during the evaluation of a business plan, the four Cs of credit are mostly important and used by investors,
Therefore, the Option B is correct.
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Reseller markets consist of intermediaries such as wholesalers that buy finished products and sell them for a profit. True False
Answers
The above is true that Reseller markets consist of intermediaries such as wholesalers that buy finished products and sell them for a profit.
Reseller is one of the major type of business markets which consist of intermediaries, such as wholesalers and retailers, which buy finished goods and resell them for a profit.
Resellers buy goods from manufacturers or producers and sell to the final consumers.
Although they make minor alterations to the goods purchase for resale, resellers do not change the physical characteristics of the products they handle.
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Suppose that there are two countries, A and B, each of which produces two goods, X and Y. The production possibilities frontier (PPF) for each country is linear, with quantities of Y plotted on the vertical axis and quantities of X plotted on the horizontal axis. The PPF for Country A has a vertical intercept of 60 and a horizontal intercept of 60. The PPF for Country B has a vertical intercept of 30 and a horizontal intercept of 15.
Required:
What would be true about Country A?
Answers
Answer:
They can produce their goods equally.
Explanation:
Country A can produce their products equally with the available products in hand.
They can produce their goods equally. Country A can produce their products equally with the available products in hand.
What is production possibilities frontier?The Production Possibilities Frontier graph shows all the output combinations of two products that can be produced using the resources and technology in use at the time.
The production possibility curve is based on the following fundamental assumptions: Resources are offered and remain constant. The technology used in the production process remains constant. Technology and resources are fully and efficiently utilized.
The production possibilities curve measures the trade-off between producing one good versus another. Imagine a scenario where a nation produces 20,000 oranges and 120,000 apples. The diagram's point B is that location. If it wishes to cultivate more oranges, it must produce less apples.
Thus, They can produce their goods equally.
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Chad bought a cabin in the mountains for $45,000. He repaired the furnace, redecorated the interior, and repainted the exterior. All of this work totaled just over $7,000. When he tried to resell it, the best offer he got for his cabin was $48,500. Which principle of valuation does this scenario exemplify
Answers
The principle of valuation that the scenario exemplifies is called the principle of contribution.
Data and Calculations:
Cost of cabin = $45,000
Maintenance cost = $7,000
Resale value = $48,500
Shortfall in investment cost = $3,500 ($48,500 - $45,000)
The principle of contribution states that the worth of an improvement is the market value of the entire property, despite the cost of the improvement. If Chad wanted to make some profit on the sale, he should not incur more maintenance cost than the market is ready to accept.
Thus, the principle of valuation that the scenario exemplifies is called the principle of contribution.
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explanation of what’s happening
please help, due tonight
Answers
Answer:
what is this there is nothing to answer
Explanation:
6. Which of the following could cause a change in the demand curve?
A. There is a change in price.
B. There is a change in quantity.
C. There is a change in the population consuming the good.
D. None of the above.
Answers
Answer:
I think that there will be change in the population consuming the good because the goods are sold according to population who consumes it.The goods are sold according to the people .If there will be a lot of population consuming the good then the business can grow rapidly . But if there will be less population then people cant sold much goods.
Explain how market research is different than marketing.
Answers
Answer:
Although both involve consumers, Marketing research is concerned specifically about marketing processes, such as advertising effectiveness and salesforce effectiveness, while market research is concerned specifically with markets and distribution.
Explanation:
Which of the following is considered one of the biggest advantages of online marketing?
ability to be individually tailored
ability to cultivate relationships
relatively low cost
ability to get immediate action
Answers
Answer:
Ability to cultivate Relationships .Online marketing allows you to create new relationships in a targeted way that simply wasn't possible twenty years agounder the omnibus crime control and safe streets act of 1968, what are employers allowed to do?
Answers
Answer:only monitor phone calls for compliance
Explanation:
Suppose that Lebanon has placed tariffs on its imports and exports. The import tariff is 13%, and the export tariff is 8%. If Lebanon has a balance of trade of (equivalent US dollars) $5,510,000 and received tariff revenue of $4,019,200, what are its imports and exports worth? a. $30,916,923 in imports, $50,240,000 in exports b. $17,040,000 in imports, $22,550,000 in exports c. $6,226,300 in imports, $5,950,800 in exports d. $4,793,700 in imports, $5,069,200 in exports.
Answers
The worth of imports and exports in reference to the balance of trades is $17,040,000 for imports and $22,550,000 for exports.
Computation of total amount of imports and exportsGiven,
[tex]I[/tex] =Import tariff 13%
[tex]E[/tex]=Export tariff 8%
[tex]TB[/tex] =Trade balance of $5,510,000
[tex]TR[/tex] =Tariff revenue received of $4,019,200
First, two equations will be formed:
1. Trade Balance:
[tex]TB=E-I[/tex]
2. Tariff revenue:
[tex]TR=E+I[/tex]
The two equations with the given values are as follows:
1. [tex]E-I=\$5,510,000[/tex]
2. [tex]0.08E+0.13I=\$4,019,200[/tex]
Using both the equations the value [tex]E, I[/tex] are computed as follows:
Equation 1. can be written as:
[tex]E=\$5,510,000+I[/tex]
Putting the changed Equation 1. in equation 2.
[tex]\begin{aligned}0.08(\$5,510,000+I)+0.13I&=\$4,019,200\\\$440,800+0.08I+0.13I&=\$4,019,200\\0.21I&=\$3,578,400\\I&=\$17,040,000\end{aligned}[/tex]
Now, putting the value of [tex]I[/tex] in equation 1:
[tex]\begin{aligned}E-\$17,040,000&=\$5,510,000\\E&=\$5,510,000+\$17,040,000\\E&=\$22,550,000\end{aligned}[/tex]
Therefore, option b. $17,040,000 in imports, $22,550,000 in exports is correct.
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Answer:
(B) $17,040,000 in imports, $22,550,000 in exports
Explanation:
What is the annual cost attributed to the treatment of mental illnesses and the relative loss of income in the United States
Answers
There are indirect cost of mental illness in the world today. The annual cost attributed to the treatment of mental illnesses and the relative loss of income in the United States is $467 billion.
Mental illness is simply known as mental health disorder. This is simply defined as large scope of mental health conditions. This disorders often influence one's mood, thinking and behavior.
The common Examples are depression, anxiety disorders, schizophrenia, eating disorders, etc.
There are over 43.8 million adults that experience mental illness in a given year as stated by research and as such demands a lot of money for treatments.
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Long setup times enable a manufacturer to have frequent changeovers and move toward single-piece flow, thus achieving high flexibility and product variety. a. True b. False
Answers
Answer:
b. false is the answer
Explanation:
An estate left the decedent's farm to eight grandchildren. Because no form of ownership was specified in the decedent's will, each of the grandchildren receives A) a right of possession to one-eighth of the property. B) a one-eighth interest in the property as a tenant in common. C) a severalty interest in one-eighth of the property. D) a joint interest in the entire property.
Answers
A right of possession to one-eighth of the property is what each of the eight
grandchildren will receive.
In cases where there is no will which specifies ownership then the estate will
have to be shared equally between the parties involved. They can however
do what they want with the share allocated to them.
In cases where there is no will and no relative, then it goes to the state. This
case involves eight grandchildren and it gives them the right to own one-
eighth of the property as a result of equal sharing.
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what is term for the ability to easily turn assets or investments into cash?
Answers
Match the terms.
a. Initial Markup
b. Additional Markup
c. Markup cancellation
d. Markdown
e. Markdown cancellation
1. original amount of markup from cost to selling price
2. Increase in selling price subsequent to initial markup
3. Elimination of an additional markup.
4. Reduction in selling price below the original selling price
5. Elimination of a markdown
Answers
Grace is a very ethical person and is good at her job. She works hard and always stays long hours at her office in Washington DC. Grace has worked her job diligently for the last four years, but has now lost it and needs to look for something else to do. She is not worried, however, because this is typical for her career and has happened to her before. What most likely describes why Grace lost her job? Grace was appointed to her job by a political party that was no longer in power. Grace was fired for failing to perform at work. Grace was fired for not behaving appropriately at work. Grace was appointed to her job and decided to look for other work within the field.
Answers
Considering the situation described above, the statement that most likely explains why Grace lost her job is "Grace was appointed to her job by a political party that was no longer in power."
This is because Grace was said to be working in Washington, D.C., the capital of the United States, where political jobs are abundant.
Also, since she worked for four years before losing the job, that implies the tenure of the political party that appointed her elapsed.
Similarly, given that she is not worried about her situation, and it's typical of her career, she knows when her political party comes back to power, she will get a job again
Hence, in this case, it is concluded that the correct answer is option A. "Grace was appointed to her job by a political party that was no longer in power."
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In the situation given above, Grace has lost her job because she was working in a political party that is no longer in power.
What did Grace's unemployment show?
Grace is working in Washington, DC. It is the capital and political with plenty of political jobs. Grace has been working diligently for the last 4 years and never faced any complaints and worked ethically.Grace has now lost her job and she is not worried because it is typical in this kind of job, and she knows when the political party will be in power, she will gain her job back.Thus, the correct answer is Option A, Grace was appointed to her job by a political party that was no longer in power.
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12. What happens when GDP does not do well?
A. There is a decline in the number of Americans that invest in foreign sectors.
B. The rest of the economy suffers with it.
C. There is a rise in the overall level of consumerism.
D. National debt levels begin to trend in unpredictable directions.
Answers
Answer:
B. The rest of the economy suffers with it
Explanation:
On the other hand, if gross domestic product is falling, the economy might be in trouble, and the nation is losing ground. Two consecutive quarters of negative GDP typically defines an economic recession.
Answer: I think the rest of the economy suffers with it
Explanation:
A corporation issues for cash $8,000,000 of 20-year, 8% bonds, interest payable semiannually. The amount received for the bonds will be:
a. the present value of $8,000,000 to be repaid in 20 years, less the present value of 40 semiannual interest payments of $320,000.
b. the present value of 20 annual interest payments of $640,000, plus the present value of $8,000,000 to be repaid in 20 years.
c. the present value of 20 annual interest payments of $640,000.
d. the present value of 40 semiannual interest payments of $320,000, plus the present value of $8,000,000 to be repaid in 20 years.
Answers
Answer: D
Explanation: $8,000,000 was issued (sold) for cash. It has a 20-year maturity rate and interest is paid semiannually, meaning June 30 and December 31.
$8,000,000 x 0.08 = $640,000
$640,000/2 = $320,000
Keep in mind when a corporation issues bond to another entity, that entity has to repay the amount that was issued in bonds, plus the interest. Answer choices A, B, and C are out. The best choice is D which makes absolute sense since 20-year x 2 = 40 payments of $320,000 which gives $12,800,000. That's $4,800,000 in interest that the corporation is receiving for taking the risk of issuing the entity the $8,000,000 bonds for cash. The best choice is D.
Hope this explanation helps.
The annual report for Jackson Farms disclosed that 1 billion shares of common stock have been authorized. At the beginning of 2017, 810 million shares had been issued and the number of shares in treasury stock was 111 million. During 2017, the only common share transactions were that 19 million common shares were reissued from treasury and 30 million common shares were purchased and held as treasury stock.
Required: Determine the number of common shares (a) issued, (b) in treasury, and (c) outstanding at the end of 2017.
Answers
Answer:
a: 810 (million)
b: 111-19(issued)+30(purchased)= 122 (million)
c: 810 (issued)-122 (treasury)=688 million
7. A decrease in supply will result in which of the following?
A. Demand changes.
B. Supply changes.
C. Both demand and supply change.
D. Either demand or supply change (or both).
Answers
Explanation:
C. Both demand and supply change
Answer:
It can be both of the demand and supply change.
Identify the percent increase in total sales and the percent increase in sales of trench coats. Then find which percent of increase is greater and by how much greater it is than the other. (Round your answer to the nearest tenth. ) a. Sales of trench coats increased 0. 7 percentage points faster than total coat sales. B. Sales of trench coats increased 8. 3 percentage points faster than total coat sales. C. Total coat sales increased 2. 5 percentage points faster than sales of trench coats. D. Total coat sales increased 10. 7 percentage points faster than sales of trench coats.
Answers
The percentage increase in the total sales for 2006 is 15% while the increase in sales of the trench coats is 23.3%; therefore the percentage increase in total sales of trench coats is 8.3% faster.
Computation:
1. The total amount of sales for 2006 and 2007:
[tex]\begin{aligned}\text{Sales of 2006}&=103+297+210+213+137\\&=960\end{aligned}[/tex]
[tex]\begin{aligned}\text{Sales of 2007}&=127+223+210+285+259\\&=1104\end{aligned}[/tex]
2. Now, the percentage increase will be determined for the total number of coats and trench coats:
For the total number of coats, the values used will be the total sales of 2006, and total sales of 2007.
[tex]\begin{aligned}\text{Percentage Increase}&=\dfrac{\text{Sales of 2007}-\text{Sales of 2006}}{\text{Sales of 2006}}\times100\\&=\dfrac{1104-960}{960}\times100\\&=15\%\end{aligned}[/tex]
For the trench coats the values used will be the sale of trench coats in 2006 and 2007.
[tex]\begin{aligned}\text{Percentage Increase in Sale of Trench Coat}&=\dfrac{\text{Sales of 2007}-\text{Sales of 2006}}{\text{Sales of 2006}}\times100\\&=\dfrac{127-103}{103}\times100\\&=23.33\%\end{aligned}[/tex]
3. Now, the net percentage increase in sales due to the trench coats is computed as follows:
[tex]\begin{aligned}\text{Net Percentage Change}&=\text{\text{Percentage Increase in Trench Coat}-\text{Percentage Increase}}\\&=23.33\%-15\%\\&=8.3\%\end{aligned}[/tex]
Therefore, the correct option is option B. Sales of trench coats increased 8. 3 percentage points faster than total coat sales.
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Amaya is a member of a new product design team. The team leader proposed a process that would get quick results, but Amaya was concerned quality would suffer. Due to _______, Amaya did not voice her concern as she did not want to appear unsupportive of the team.
Answers
People often have different suggestions and may or may not agree with each other. Due to groupthink, Amaya did not voice her concern as she did not want to appear unsupportive of the team.
Groupthink is known to be a situation that takes place when a group of individuals arrive at a consensus without critical reasoning or looking into the repercussions or alternatives.It is often based on a common desire not to anger the balance of a group of people.
It can also be regarded as a psychological phenomenon where individual strive to meet a consensus within a group.
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Regina works as a stock clerk at The Store. She has been shortlisted to be promoted as a merchandise manager. During her promotion interview, she reveals to the interviewer that at some point in the next 10 months, she will need to undergo surgery to remove a tumor from her vertebrae and that even if the surgery is successful, her movement after the surgery could be severely limited. In her new job, however, Regina will have to frequently travel between the warehouse and the store and move around the store to ensure that the merchandise is displayed and placed properly. Which of the following holds true in this case?
a. The Store may decline to promote Regina if it is reasonably certain that in the near future she will be unqualified to work as a merchandise manager.
b. The Store may be required to promote Regina, even though she may be rendered unqualified in the near future, only if she agrees to defray the cost of any accommodation that may be necessary.
c. Even though it appears that the surgery may result in Regina being not otherwise qualified for the new job, The Store may not decline to promote her to the new job if she is qualified at the time of the interview.
d. The possibility of future disability is, under the Americans with Disabilities Act, equal to a present disability, regardless of the probability of a disability materializing.
Answers
For approximately how many seconds does 2022 versa’s hill start assist hold the brakes?
Answers
The Nissan Versa has a starting assistant that lasts at least 3 seconds so that the driver can easily start on slopes.
What is the hill start assistant?The hill start assistant is a technological and mechanical device that has been implemented in several cars worldwide to prevent the car from rolling back due to gravity and inertia.
Hill Start Assist allows the driver to start on a hill without worrying about backing up. This development has prevented several accidents and is a good invention for those who are just starting to drive.
One of the cars that have this development is the Nissan versa 2022. This car offers a hill-start assistant that allows the driver to have at least 3 seconds to start the car on a slope without the car backing up.
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PLEASE HELP !!!!!!!!
Answers
Answer:
Angel do not share in the profit of the business.
No need for collateral .