How much k policy will pay

Assignment Help Accounting Basics
Reference no: EM133101072

Question - J is injured in an accident on K's premises. K has Commercial General Liability policy with a $300,000 combined single limit. The court awards J $6,000 for medical expenses and $15,000 for pain and suffering. The court costs and attorney fees charged to K amount $4,800. In this situation, how much K's policy will pay?

a. $10,800

b. $21,000

c. $25,000

d. $25,800

Reference no: EM133101072

Questions Cloud

Prepare journal entries for the branch : Shipping cost of RM1,000 were paid in cash by the branch to the shipment vendor. Prepare journal entries for the branch
Richard hackman statement : Pre-Writing step for a report for your boss on Richard Hackman's statement that using a team to complete a complex project may not be the best approach.
What is the difference between mrp and msrp : What is the difference between MRP and MSRP? What are the goals of laws/regulations that cover these two types of prices?
Ethical issues for businesses and individuals : Should the environment and animals be identified as stakeholders?
How much k policy will pay : The court awards J $6,000 for medical expenses and $15,000 for pain and suffering. In this situation, how much K's policy will pay
Determining the mean crash damages : In a bumper test, three types of autos were deliberately crashed into a barrier at 5 mph, and the resulting damage (in dollars) was estimated. Five test vehicle
Challenges faced by small and medium enterprise : Prepare paper on challenges faced by small and medium enterprise
Indicate the pension-related amounts : Indicate the pension-related amounts that would be reported on the income statement and the balance sheet for Ivanhoe Company for the year 2020
Messaging or representation in global content : Star Wars, Downton Abbey and That Certain Summer are all artifacts/expressions in popular culture. explain how they might affect social issues messaging

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the value of firm bs interest tax shield

Firm B has a market value of equity of $150 million and a market value of debt of $30 million. What is the value of Firm Bs interest tax shield

  What is the terminal cash flow

Company XYZ incurred a yearly working capital requirement of $10,000 when they bought this machine. What is the terminal cash flow

  What would be the effective interest rate

What would be the effective interest rate used in the bond's amortization schedule under IFRS and US GAAP

  Net valuation allowance account

At January 1, 2011, a company had a net valuation allowance account credit balance for investments in securities available-for-sale of $20,000. At December 31, 2011, the total cost of the relevant portfolio was $300,000, and total market value was..

  How much principal is repaid in payment seven

What is the outstanding principal after payment 6? What is the size of the periodic payment? How much principal is repaid in payment 7?

  Current prime rate-new balance

Up Your Alley Paving has a $37,500 line of credit which charges an annual percentage rate of prime rate plus 6%. Their starting balance on August 1 was $5,400. On August 7 they borrowed $2,400. On August 10 the business made a payment of $700, and..

  Describe your company investments and intangible assets

Briefly describe your company's investments and intangible assets. Does your company list "Other Assets?" If so, what items are classified in this category?

  Prepare a brief analysis of the budget

Prepare a brief analysis of the budget. What would you suggest to increase the cash available before new financing?

  Prepare journal entry to record the estimated uncollectables

The credit manager estimates that $40 000 of these receivables will become uncollectable. Prepare the journal entry to record the estimated uncollectables

  Sold at the split-off point basics

Thorpe's president has asked your consulting firm to make a recommendation as to whether the banolide should be sold at the split-off point or processed further. Explain your answer.

  What is the amount due on the note

MixRecording Studios signed a 60-day, 10% promissory note for $7,800. If the note is dishonored, what is the amount due on the note

  In 2007 bauxite mining company purchased a bauxite mine

in 2007 bauxite mining company purchased a bauxite mine for9000000. at the time of purchase bauxite estimated that

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