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Question - You bought a house for $200,000. Your insurance requirement is 85%. You bought insurance for $120,000 to save money on insurance premiums. Last month, a storm caused $50,000 damage to your house. Determine your required coverage amount and then determine how much the insurance company will pay for the storm damage to your home.
1) Required cost of insurance coverage. Show your work:
2) Amount of insurance you will receive: Show your work:
The project is estimated to generate $2,730,000 in annual sales, with costs of $864,000. If the tax rate is 35%, what is the OCF for each year of this project
What products or services does the company produce? Be specific What do you think the outlook (future performance) is for these products or services?
Periodic Inventory by Three MethodsThe units of an item available for sale. Determine the inventory cost by the last-in, first-out method.
Class B Common shares No-par, 3,300,000 authorized, issued and outstanding $6,600,000. Calculate Swifty's fiscal 2021 basic earnings per share
Ballou Corporation distributes $200,000 in cash to its shareholders during the current year. Accumulated earnings and profits at the beginning of the year are $45,000, and current year earnings and profits are $105,000. Buddy owns 80% of n each of th..
Comment on Ellen's misconceptions regarding the auditor's role in providing information that is useful in making investment decisions.
They also would like to have their initial investment recovered within 6 years. What is the net present value
What other provisions could have been included in the Act to strengthen the responsible stewardship and integrity of the accounting profession?
Which of the following items must be added to the cash balance per ledger in preparing a bank reconciliation which ends with adjusted cash balance?
What amount should Flower Company pay for this investment to earn an 11% return?
How much house can you afford if your total household income is $62,000 a year and has $15,000 savings for a down payment, a $10,500 car loan balance
Freesure company manufactures and sells commercial refrigerator. Prepare journal entry to record the sale of a refrigerator to a participating dealer for $6000
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