Homeowners Insurance, Section II
pdf
keyboard_arrow_up
School
Penn Foster College *
*We aren’t endorsed by this school
Course
BUS330
Subject
Finance
Date
Jan 9, 2024
Type
Pages
6
Uploaded by EarlBisonPerson789
12/26/23, 8:09 PM
Homeowners Insurance, Section II
https://courses.portal2learn.com/d2l/le/enhancedSequenceViewer/27390?url=https%3A%2F%2F1351421d-1840-4a1c-8089-3b27e80640ca.sequences.api.brightspace.com%2F27390%2Factivity%2F976138%3Ffilte…
1/6
Read this section. ±en, read Chapter 23 in your textbook.
±e purpose of personal liability insurance is to protect the named insured and any family members from legal liability that may come out of their
own acts. With this, the insurer provides legal defense services and pays any sums that the insured may be obligated to pay, up to the monetary
limit of the policy. Section II coverage in the ISO HO-3 policy includes liability coverages under Coverage E and Coverage F.
Coverage E
protects the insured when a claim or suit for damages is brought because of bodily injury or property damage that an insured's
negligence allegedly caused. ±e coverage is broad and based on legal liability.
±e policy contains a per-occurrence limit. An occurrence
is de²ned as an accident that results in bodily injury or property damage during the
policy period. ±e insurer provides a legal defense, even if the suit is frivolous or fraudulent.
Coverage F
is a mini-accident policy that's part of a homeowners policy. Medical payments to others aren't based on legal liability. ±is coverage
pays the reasonable medical expenses of another person who is accidentally injured while on an insured location, or due to the activities of an
insured, resident employee, or animal that the insured cares for or owns. ±e policy states the situations under which coverage applies.
12/26/23, 8:09 PM
Homeowners Insurance, Section II
https://courses.portal2learn.com/d2l/le/enhancedSequenceViewer/27390?url=https%3A%2F%2F1351421d-1840-4a1c-8089-3b27e80640ca.sequences.api.brightspace.com%2F27390%2Factivity%2F976138%3Ffilte…
2/6
±ere are several exclusions in Section II. Exclusions may apply to only one coverage, but other exclusions apply both to Coverage E and Coverage
F. ±e following breaks down how exclusions apply to each coverage.
Some exclusions apply to both Coverage E and Coverage F:
Liability arising out of the use of an auto, certain watercraft, aircraft, or hovercraft
Expected or intentional injury
Business activities, with some exceptions
Professional services
Liability arising out of the use of an uninsured location
War or other hostile military acts
Liability arising out of the transmission of a communicable disease
Bodily injury or property damage arising out of sexual molestation, corporal punishment, or physical or mental abuse
Liability arising out of the use, sale, manufacture, delivery, transfer, or possession of controlled substances
Several exclusions apply only to Coverage E:
Contractual liability
Property the insured owns
Property in the care of the insured, with some exceptions
Workers' compensation
Liability arising out of nuclear energy
Bodily injury to an insured
12/26/23, 8:09 PM
Homeowners Insurance, Section II
https://courses.portal2learn.com/d2l/le/enhancedSequenceViewer/27390?url=https%3A%2F%2F1351421d-1840-4a1c-8089-3b27e80640ca.sequences.api.brightspace.com%2F27390%2Factivity%2F976138%3Ffilte…
3/6
Other exclusions apply only to Coverage F:
Injury to a resident employee o³ an insured location
Workers' compensation
Injuries that result from nuclear energy
Persons regularly residing on the insured location
Homeowner policies automatically include several coverage additions such as claim expenses, ²rst aid, damage to property of others, and loss-
assessment charges.
Claim expenses
are paid as an additional coverage. ±e insurer will pay court costs, attorney fees, and other legal expenses that are incurred in
providing a legal defense.
First-aid expenses
are paid by the insurer for expenses incurred by the insured for bodily injury that's covered by the policy.
Damage to the property of others
coverage is paid up to $1,000 per occurrence for property damage an insured causes. ±ere are a set of
exclusions that apply under this coverage. Here are a few of the more signi²cant ones:
Property covered under Section I
Intentional property damage by an insured age 13 or older
Property owned by an insured
Property owned by or rented to a tenant
Business liability
Act or omission in connection with the premises
Motor vehicles, aircraft, watercraft, or hovercraft
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
12/26/23, 8:09 PM
Homeowners Insurance, Section II
https://courses.portal2learn.com/d2l/le/enhancedSequenceViewer/27390?url=https%3A%2F%2F1351421d-1840-4a1c-8089-3b27e80640ca.sequences.api.brightspace.com%2F27390%2Factivity%2F976138%3Ffilte…
4/6
Loss assessment
covered under a policy provides coverage for up to $1,000 for certain lability loss assessments. However, a higher limit is
available under endorsements.
In the previous chapter, the conditions that fall under both Section I and Section II were listed. ±e conditions that follow apply to Section II only.
Limit of liability.
±e insurer's total liability under Coverage E for all damages arising from one occurrence won't be more than the limit shown in
the declarations. ±e insurer's total liability for medical expenses for bodily injury to one person resulting from an accident won't exceed the
Coverage F limit shown in the declarations.
Duties after an "occurrence."
An insured has the following duties after an occurrence:
Provide written notice of the event to the insurer, including the time, place, circumstances, and names of any claimants and witnesses.
±e injured person (or a representative) must provide written proof of the claim and authorize the insurer to obtain copies of medical
records.
No suit against insurer.
±e insured can't sue the insurer unless the insured has complied with the conditions in Section II.
Other insurance.
If other insurance is present, the policy will be counted as excess over other valid and collectible insurance except for other
insurance that's speci²cally written to be excess coverage over the limits of liability.
Concealment and fraud.
No coverage is provided to an insured who before or after a loss has concealed or misrepresented any event or material
fact, was engaged in fraudulent conduct, or made false statements about the insurance.
Property owners with special needs can purchase a variety of endorsements:
An in±ation-guard
endorsement provides for an annual pro rata increase in the limits of insurance in the Section I coverages.
An earthquake coverage
endorsement covers earthquakes, landslides, volcanic eruptions, and earth movement.
When a personal property replacement cost loss settlement endorsement is added to the policy, claims are paid based on
replacement cost with no deduction for depreciation.
12/26/23, 8:09 PM
Homeowners Insurance, Section II
https://courses.portal2learn.com/d2l/le/enhancedSequenceViewer/27390?url=https%3A%2F%2F1351421d-1840-4a1c-8089-3b27e80640ca.sequences.api.brightspace.com%2F27390%2Factivity%2F976138%3Ffilte…
5/6
±e scheduled personal property
endorsement (with agreed value loss settlement) provides additional coverage for nine classes of
property (jewelry, furs, cameras, musical instruments, silverware, golfer's equipment, ²ne arts, postage stamps, and rare and current
coins), and the insurer agrees to pay the stated amount for a scheduled item if a total loss occurs.
A personal injury endorsement extends liability coverage to legal liability arising out of personal injury; for example, false arrest or
slander.
A watercraft
endorsement provides liability and medical payments coverage on any inboard or inboard-outdrive powered watercraft,
sailing vessels 26 feet or more in length, and watercraft powered by one or more outboard motors exceeding 25 total horsepower.
A home business insurance coverage
endorsement covers both business property and legal liability arising out of a home-based
business.
An identity theft
endorsement reimburses crime victims for the cost of restoring their identity and cleaning up their credit reports.
Here are some of the major rating and underwriting factors:
Type of construction
Location of home
Fire-protection class,
which depends on the quality of the public ²re department, accessibility to the ²re department, water supply,
and ²re hydrants
Construction costs
Age of the home
Type of policy and deductible amount
Insurance score:
a credit-based score that's highly predictive of future claim costs
Insurers also use reports that reveal the prior claim history of a home. A Comprehensive Loss Underwriting Exchange (CLUE)
report shows up
to seven years of information on property claims, including the date of loss, type of loss, and amounts paid. ±e use of CLUE reports is
controversial.
12/26/23, 8:09 PM
Homeowners Insurance, Section II
https://courses.portal2learn.com/d2l/le/enhancedSequenceViewer/27390?url=https%3A%2F%2F1351421d-1840-4a1c-8089-3b27e80640ca.sequences.api.brightspace.com%2F27390%2Factivity%2F976138%3Ffilte…
6/6
Here are some basic things to consider when shopping for a homeowner's policy.
Carry adequate insurance.
Does the coverage provide ²nancial security in the case of a loss? ±is needs to be considered based on
the dwelling and property one owns.
Add the necessary endorsements.
For example, someone in California may want to add an earthquake endorsement to provide
coverage for a catastrophic event.
Shop around for a homeowners policy.
±e cheapest may not be the best for your needs; compare companies to ²nd the best ²t.
Consider a higher property insurance deductible.
It will often provide more coverage while lowering the premium.
Take advantage of discounts.
While researching insurance, see what discounts may be available.
Don't ignore ±oods and earthquakes.
If you're living in a zone with a history of natural disasters, consider adding the endorsement
that will cover them.
Improve credit records.
A better credit record will result in a higher insurance score that will lower premiums. Making payments on
time, paying o³ high-balance cards, and keeping a cash-to-debt ratio in the positive is one way to accomplish this.
Consider purchasing a personal umbrella policy.
±is policy adds $1 million to $10 million in additional coverages after the
underlying coverage limit is exhausted. It can help cover liability from personal injury and provide coverage for libel, slander, and
defamation of character.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Related Documents
Related Questions
Assessment Builder UI App X
iley.com/was/ui/v2/assessment-player/index.html?launchld%3D562228aa-1a3a-4c39-9085-b90c7defbe14#/question/1
NWP Assessment Player UI Appli X
Chapter 3
Question 2 of 5
The ledger of Blossom, Inc. on March 31, 2022, includes the following selected accounts before adju
Debit
Credit
Prepaid Insurance
$2,000
Supplies
2,000
Equipment
29,000
Unearned Service Revenue
$8,500
An analysis of the accounts shows the following.
1.
Insurance expires at the rate of $400 per month.
2.
Supplies on hand total $1,400.
3.
The equipment depreciates $300 per month.
4.
During March, services were performed for two-fifths of the unearned service revenue.
Prepare the adjusting entries for the month of March. (List all debit entries before credit entries. Credit account titles are autn
Credu
indented when the amount is entered. Do not indent manually.)
Debit
Date
Account Titles and Explanation
No.
rch
arrow_forward
estions - Blackboa x
NWP Assessment Player UI App x
A education.wiley.com/was/ui/v2/assessment-player/index.html?launchid 5750652f-a595-413e-b7d3-15080082c239/question/22
ter 6 Questions
0/1 E
Question 23 of 25
You have the following information for Sheridan Inc. for the month ended June 30, 2022. Sheridan uses a periodic inventory system.
Unit Cost or
Date
Description
Quantity
Selling Price
June
Beginning inventory
40
$34
June
4.
Purchase
135
37
June
10
Sale
110
64
June
11
Sale return
15
64
June
18
Purchase
55
40
June
18
Purchase return
10
40
June
25
Sale
65
70
June
28
Purchase
35
44
arrow_forward
mp?attempt=1764992&cmid%3875183&page=D12
الم صيرة بلحه
u io a https://alternativet
4 SQUCOFFEE - Goog. B BCOM2911-Busines..
O Sultan Caboos Univ.
O Trading Platfom
ACADEMIC)
E-LEARNING SERVICES SQU LIBRARIES SQU PORTAL ATTENDANCE
lanagerial Accounting - Spring21
e / My courses / ACCT2121 yasserg Spring21/ Midterm Exam One / Midterm Exam One
stion
The adjustment of overapplied manufacturing overhead cost results in all the following, EXCEPT:
O a. decrease in net operating income.
ed
O b. increase in net operating income.
out of
Oc.
decrease in cost of goods sold
O d. none of the given answers
stion
XYZ Company had the following information for the year:
red
Direct materials used
OMR 110,000
dout of
Direct labor incurred (5,000 hours)
OMR 150,000
Actual manufacturing overhead incurred
OMR 166,000
on
The Company used a predetermined overhead rate of OMR 30 per direct labor hour for the year. Assume the only inventc
an ending Work in Process Inventory balance of OMR 17,000. What was cost…
arrow_forward
A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fblackboard.waketech.edu%252Fwebapps%252Fportal%252Fframeset.jsp%253Ftab tab gr
Jill bought a $730 rocking chair. The terms of her revolving charge are 2% on the unpaid balance from the previous month. If she pays
$100 per month, complete a schedule for the first 3 months like Table 14.3. Be sure to use the U.S. Rule. (Round your final answers to
the nearest cent.)
Monthly
Outstanding
Amount of
Outstanding
balance due
2.0% interest
Reduction in
рayment
number
monthly payment
balance due
payment
balance due
acer
3.
arrow_forward
A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnew
Ch 10 Concept Videos i
6
Part 2 of 5
.75
oints
eBook
Ask
Print
References
Mc
Graw
Hill
Required information
Journal entry worksheet
1
On December 31 Wintergreen, Inc., issued $150,000 of 7 percent, 10-year
bonds at a price of 93.25.
Note: Enter debits before credits.
Date
Dec. 31
General Journal
Cash
Discount on bonds payable
Bonds payable
Record entry
Clear entry
< Prev.
Saved
C
Debit
139,875
S
678
HCC
FIL
9
Credit
View general journal
of 35
US
N
arrow_forward
O UTF-8"CH_02.pptx x
O UTF-8"Individual%:
* Assets Liabilities C x
O UTF-8"Individual%2 x
b My Questions | bart x
Bb Review Submission x
Course Home
A Not secure | openvellum.ecollege.com/course.html?courseld=15836449&HepID=07d540babdc75223ea4bcb31dba912cb#10001
My Courses
Amay Brown :| e
Intro to Financial Accounting 29:010:203 (Spring 2020)
|
02/11/20 3:01 PM
Course Home
Homework: Assignment 2
Save
Assignments
Score: 0.43 of 1 pt
HW Score: 75.6%, 9.07 of 12 pts
11 of 12 (11 complete) v
Study Plan
TI1-5 (similar to)
E Question Help
Results
18. Using the following information, complete the income statement, statement of retained earnings, and balance sheet for RN Painting for the month of March 2018. The business
began operations on March 1, 2018.
E (Click the icon to view the account balances.)
Pearson eText
Multimedia Library
Accounts Receivable
1700||Accounts Payable
Dynamic Study
Modules
Office Supplies
Stockholders' Equity
Retained Earnings
Syllabus
Service Revenue
Total Expenses…
arrow_forward
M Inbox - 2193565@slu.edu.ph - Sa x
A Midterms Part 2
E 131 MIDTERMS PART 2
b My Questions | bartleby
A docs.google.com/forms/d/e/1FAlpQLSe94FpCNY14R-JRUFCTTJ60E-Bht7bh1TeDti6nFO0x17GoQg/viewform?hr_submission=Chkl7fXk2cgBEhAlts6E7q4GEgcllbP3ntoDEAE
On January 1, 20x1, Pete Electrical Shop received from Marion Trading 300 pieces
of bread toasters. Pete was to sell these on consignment at 50% above original
cost, for a 15% commission on the selling price. After selling 200 pieces, Pete had
the remaining unsold units repaired for some electrical defects for which he
spent P2,000. Marion subsequently increased the selling price of the remaining
units to P330 per unit. On January 31, 20x1, Pete remitted P64,980 to Marion
after deducting the 15% commission, P850 for delivery expenses of sold units,
and P2,000 for the repair of 100 units. The consigned goods cost Marion Trading
P200 per unit, and P900 had been paid to ship them to Pete Electrical Shop. All
expenses in connection with the…
arrow_forward
AutoSave
Acct12_Ch09_WP_templates - Compatibility Mode
Search
invoker robinson
File
Home
Design
References
Mailings
Review
View
Help
A Share
P Comments
Insert
Layout
E9-24
Journalize all required entries. Make sure to determine the missing maturity date.
Solution:
Date
Accounts and Explanation
Debit
Credit
D Focus
Page 16 of 17
12 of 876 words
100%
8:10 PM
O Type here to search
a
W
10/22/2020
O
arrow_forward
Could someone please do 3 through 8
arrow_forward
The Norton Introduction to L
CengageNOWv2| Online teac x
Navy Federal GO Prepaid - S x
hASsigumentitakcAss gamentMalh.doinvokcr-3tak.CASSignment5oss onLocator-8irprogross-lalse
elcome, Quente.. 3 Library Genesis Macmillan Launch.. O (7) YouTube
E My Conversations.. bnc Apparel, Gifts & T...
eBook
Print Item
Segment Contribution Margin Analysis
The operating revenues of the three largest business segments for Time Warner, Inc., for a recent year follow. Each segment
includes a number of businesses, examples of which are indicated in parentheses.
Time Warner, Inc.
Segment Revenues
(in millions)
Turner (cable networks and digital media)
$54,900
Home Box Office (pay television)
30,400
Warner Bros. (films, television, and videos)
55,300
Assume that the variable costs as a percent of sales for each segment are as follows:
Turner
18%
Home Box Office
16%
Warner Bros.
45%
a. Determine the contribution margin and contribution margin ratio for each segment from the information given. When…
arrow_forward
tle=pccertified-professional-in-financial-accounting 5e33e716ef363&c=9&p=1
O New Tab
6 Currency Conversion
O Silberline Intranet S.. @ https://www.comm...
A SAP Health Declara.
I Silberline
Home
( Previous
al
Question 1/50
O 117 min 15 secs
2%
89% Done
In October 2015 Utland sold some goods on sale or return terms for $2,500. Their cost to Utland was $1,500. The transaction has been treated
as a credit sale in Utland's financial statements for the year ended 31 October 2015. In November 2015 the customer accepted half of the
goods and returned the other half in good condition.
What adjustments, if any, should be made to the financial statements?
A.
Sales and receivables should be reduced by $2,500, with no adjustment to closing inventory
B. ) Sales and receivables should be reduced by $2,500, and closing inventory increased by $1,500.
C.
Sales and receivables should be reduced by $1,250, and closing inventory increased by $750
D.
No adjustment is necessary
Next
O Mark For Review @…
arrow_forward
X
SAM.gov | Home
First Financial Bank
Question 1- Week 5: X
devry: Cost Managem X
-Portal
X
M Inbox (17) - princessp: X
X
https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com...
A to
Homework i
Saved
Help
Save & Exit
Check
The following information is available for Brownstone Products Company for the month of July:
Master
Actual
Budget
Units
3,500
4,000
Sales revenue
$ 54,300
$ 60,000
Variable manufacturing costs
10,000
16,000
Fixed manufacturing costs
13,000
14,000
Variable selling and administrative expenses
6,500
8,000
Fixed selling and administrative expenses
8,000
9,100
Required:
1. What was the master budget variance for July? Was this variance favorable or unfavorable?
es
2. Compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribution margin and in
terms of operating income.
4. Prepare pro-forma budgets for activities within its relevant range of…
arrow_forward
Homepage - Central N X D21 Ebook and Connect Li X M Question 1- Chapter 4 X
//ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mh... A
Homework
5
ces
W
3
Cential New OC X
Kameron Gibson's bank
104 for $203.50 and chec
check electronically depos
$22.20 service charge.
E
Prepare Kameron Gibson's b
reconciliation.
Note: Input all amounts as poive values. Round your answers to 2 decimal places.
Kameron's checkbook balance
Add:
Direct deposit
Subtotal
Deduct:
Teller fee
Service charge
Subtotal
Reconciled balance
$
4
R
%
5
6
69
$
ement showed a balance of $1,253.55. Kameron's checkbook had a balance of $242.20. Check Number
umber 105 for $16.95 were outstanding. A $662.50 deposit was not on the statement. He has his payroll
to his checking account-the payroll check was for $1,487.40. There was also a $11.80 teller fee and an
Q Search
Y
11.80
22.20
&
BANK RECONCILIATION
$
7
69
U
Saved
242.20 Bank balance
Add:
1,487.40
Prev
*
1,729.60…
arrow_forward
F myCampus Portal Login - for Stu X
B 09 Operational and Legal Consid x
E (24,513 unread) - sharmarohit81
b My Questions | bartleby
A fleming.desire2learn.com/d21/le/content/130754/viewContent/1518900/View?ou=130754
Table of Contents > Week 9: Operational and legal Considerations > Lecture Notes > 09 Operational and Legal Considerations
09 Operational and Legal Considerations -
>
Calculating Capacity
• How many machines do you need?
• You expect your sales to be
3,000,000 granola bars (20g each)
• How large is your plant?
per month
• How many workers do you need?
The machine:
• How much is the investment?
Capacity: 100 kgs per hour
• What are the operating costs?
Requires 2 people to operate it
Takes 8 ft x 40 ft space
• Cost per machine $15,000
Energy and maintenance: $5 per hour
• Cost of material and packaging:
$0.12 per bar
I Group Project.xlsx
Show all
12:35 AM
O Type here to search
A O 4) ENG
2020-12-09
arrow_forward
ano X
M Gmail
.wiley.com/was/ui/v2/assessment-player/index.html?launchld=96bacef2-13fb-44ea-b6d0-66f66b100cbd#/question/3
O search
WP SCS0984 Midterm Hudovernik
m Hudovernik
$2
W
YouTube
13
3
Maps
W NWP Assessment Player Ul Appli X
X
View Policies
E
Question 4 of 11
Index of /software
New Tab
requires an understanding of the company's operations and the inter-relationship of accounts.
is only required for accounts that do not have a normal balance.
is optional when financial statements are prepared.
is straight-forward because the accounts that need adjustment will be out of balance.
55
%
f6 D
T
https://checkout.wileyplus.com/cx
Immigration and Ci...
6
f7
Y
Ps W
&
7
hp
f8
7
D
U
f9
*
8
+
00
f10
9
9
2 ☆
f11
.../5
> [P→
Attempts: 1 of 1 used
O
= :
M
f12
Activate W
Go to Settings
-1°C Mostly clear A
30
arrow_forward
stomer Care specialist
x
Bloomerang Customer Sup
x
M Fwd: Claims Support Speci
×
Indeed Resume
x
ACG2071 (5)
C
ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%25
Chapter 5- Assignment
Saved
2
points
eBook
Whirly Corporation's contribution format income statement for the most recent month is shown below:
Sales (8,100 units)
Variable expenses
Contribution margin
Fixed expenses
Net operating income
Total
$ 283,500
153,900
Per Unit
$ 35.00
19.00
129,600
$ 16.00
54,700
$ 74,900
Hint
Print
Required:
References
(Consider each case independently):
1. What would be the revised net operating income per month if the sales volume increases by 50 units?
2. What would be the revised net operating income per month if the sales volume decreases by 50 units?
3. What would be the revised net operating income per month if the sales volume is 7,100 units?
1. Revised net operating income
2. Revised net operating income
3. Revised net…
arrow_forward
A v2.cengagenow.com
da EXCHANGE PASSWORD REQUIRED
1 FA2021 - Fina...
X CengageNOWv2 | Online teaching and learning reso.
11m
O https://www.toolingu.com/Ims/contentplayer/?corpo.
Enter your password for "hjmolin" in Internet
Accounts.
еВook
Show Me How
Note Payable and Accrued Interest
Fairborne Company borrowed $600,000 on an 8%, interest-bearing note on October 1, 2023. Fairborne ends its fiscal year on December 31. The note was paid with
interest on May 1, 2024.
Required:
1. Prepare the entry for this note on October 1, 2023. If an amount box does not require an entry, leave it blank.
2023 Oct. 1 Cash
Notes Payable
(Record issuance of note)
Feedback
2. Prepare the adjusting entry for this note on December 31, 2023. If an amount box does not require an entry, leave it blank.
2023 Dec. 31 Interest Expense
Interest Payable
(Record accrued interest)
Feedback
3. Indicate how the note and the accrued interest would appear in the balance sheet at December 31, 2023.
Among the current…
arrow_forward
Google Calendar - Tuesday, April X
M
ACC-650 TOPIC 5 Assignment X
WP
Question 9 of 11 - ACC-650 TOP X
ui/v2/assessment-player/index.html?launchld=78f9d393-a0ac-40c8-aeb3-468fb86f3881#/question/8
: BILL'S APPTS
ELSA'S APPTS
AMBER'S APPT'S
: LENTON'S APPT'S : CHUCK'S APPT'S : GABBY'S APPT'S
MAKE PAYMENTS
ShareFile
Question 9 of 11
× Your answer is incorrect.
3.75/9 :
Return to the original data. Monk Builders has just signed a contract with the state government to replace the windows in low-
income housing units throughout the state. Monk needs 80,000 windows to complete the job and has offered to buy them from
Wilson at a price of $120.00 per window. Monk will pick up the windows at Wilson's plant, so Wilson will not incur the $2 per
window shipping charge. In addition, Wilson will not need to pay a distributor's commission, since the windows will not be sold
through a distributor.
Calculate the contribution from special order, contribution lost from regular sales and the net…
arrow_forward
Edit View History Bookmarks Profiles Tab Window Help
t Fridays - Become a w x sp MyPath - Home
Gradebook / ACC 202: Manage X M Question 7 - Chapter 11 Home X
ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Felearning.kctcs.edu%252Fultra%252F
Maps News Translate M SmartBook 2.0 M SmartBook 2.0
Homework i
t
Perez Company is considering an investment of $28,245 that provides net cash flows of $9,300 annually for four years.
(a) What is the internal rate of return of this investment? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from
the tables provided. Round your present value factor to 4 decimals.)
(b) The hurdle rate is 7%. Should the company invest in this project on the basis of internal rate of return?
Complete this question by entering your answers in the tabs below.
Required A
What is the internal rate of return of this investment?
Present value factor
Internal rate of return
FI
Required B
@
2
F2
#
3
APR…
arrow_forward
Need help with answering the questiins. Thank you
arrow_forward
Class Specifi
+
CLA Annotated B
WileyPLL X
WOMEN EM
THE LIVED E
https://edugen.wileyplus.com/edugen/student/mainfr.uni
I Log C
WileyPLUS: MyWileyPLUS I Help | Contact Us
INTERMED. ACCOUNTING (ACC 3110/312
Kieso, Intermediate Accounting, 16e
actice
Downloadable eTextbook
Assignment
Gradebook
ORION
gnment
NEXT
BACK
PRINTER VERSION
FULL SCREEN
CALCULATOR
Exercise 17-10
At December 31, 2017, the available-for-sale debt portfolio for Sheffield, Inc. is as follows.
Unrealized
Gain (Loss)
Fair Value
Security
Cost
$(11,375 )
$68,250
$79,625
A
6,825
63,700
56,875
B
11,375
116,025
104,650
C
$247,975
6,825
$241,150
Total
1,820
Previous fair value adjustment balance-Dr.
$5,005
Fair value adjustment-Dr.
On January 20, 2018, Sheffield, Inc. sold security A for $68,705. The sale proceeds are net of brokerage fees.
Sheffield Inc. reports net income in 2017 of $546,000 and in 2018 of $637,000. Unrealized holding gains and gains equal
$182,000 in 2018.
Prepare a statement of comprehensive income for…
arrow_forward
Home
* CengageNOW x
O Wayne Comm X
w Course: 2021S x Course: 20215 x4 Chp 2 - Googl x+
w.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=...
☆ た
eBook
Show Me How
Transactions
Innovative Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equipment, Accounts Payable, Common
Stock, Retained Earnings, Dividends, Fees Earned, Rent Expense, Advertising Expense, Utilities Expense, Miscellaneous Expense.
Journalize the following selected transactions for October 20Y2 in a two-column journal. Journal entry explanations may be omitted. If an amount box
does not require an entry, leave it blank.
Oct. 1. Paid rent for the month, $2,500.
4. Paid advertising expense, $1,000.
5. Paid cash for supplies, $1,800.
6. Purchased office equipment on account, $11,500.
12. Received cash from customers on account, $7,500.
20. Paid creditor on account, $2,700.
27. Paid cash for miscellaneous expenses, $700.
30.…
arrow_forward
My first question is...are my general journal entries correct? Second question is...What number would be the warrant revenue for year 1?
Please see attachments,
Thank you!
arrow_forward
I need help with this
arrow_forward
Students Home
M Federal Financial Aid Program X
Students Home
Ch. 7 Hmwk: Invoices, Trade &X
A Ch. 7 Hmwk Invoices, Trade & X
A webassign.net/web/Student/Assignment-Responses/last?dep3D27277752
Apps M Gmail
DYouTube Maps
...
...
EReading list
7. [-/1 Points]
DETAILS
BRECMBC9 7.I1.010.
MY NOTES
ASK YOUR TEACHER
PRACTICE ANOTHER
Calculate the net price factor (as a %) and net price (in $) by using the complement method. Round your answer to the nearest cent.
List Price
Trade Discount Rate
Net Price Factor
Net Price
$3,499.00
35%
$4
Need Help?
Read It
8. [-/1 Points]
DETAILS
BRECMBC9 7.J1.014.
MY NOTES
ASK YOUR TEACHER
PRACTICE ANOTHER
Calculate the trade discount (in $) and trade discount rate (as a %). Round your answer to the nearest tenth of a percent.
List Price
Trade Discount Rate
Trade Discount
Net Price
$4,500.00
$3,515.00
Need Help?
11:28 PM
71°F
(岁
10/9/2021
P Type here to search
arrow_forward
M Inbox - merc4365@fredonia.edu
eyplus.com/edugen/student/mainfr.uni
abe
Maps
D Welcome, Joseph -.
6 New Tab
WileyPLUS: HyWileyPLUS I Help I Contact Us IL
Kimmel, Accounting, 7e
PRINCIPLES OF ACCOUNTING (ACCT 201/
re
Assignment Gradebook
ORION
Downloadable eTextbook
nent
CALCULATOR
FULL SCREEN
PRINTER VERSION
4 BACK
NEX
Brief Exercise 5-05
Prepare the journal entries to record the following transactions on Ivanhoe Company's books using a perpetual inventory system. (If no entry is required, select "No Entry" for
the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal
entries in the order presented in the problem.)
(a)
On March 2, Metlock Company sold $936,300 of merchandise to Ivanhoe Company on account, terms 2/10, n/30. The cost of the merchandise sold was $571,700.
(b)
On March 6, Ivanhoe Company returned $110,600 of the merchandise purchased on March 2. The cost of the…
arrow_forward
Prepare jour
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:9780134897264
Author:KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:Pearson,
Fundamentals of Financial Management (MindTap Cou...
Finance
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i...
Finance
ISBN:9780077861759
Author:Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:McGraw-Hill Education
Related Questions
- Assessment Builder UI App X iley.com/was/ui/v2/assessment-player/index.html?launchld%3D562228aa-1a3a-4c39-9085-b90c7defbe14#/question/1 NWP Assessment Player UI Appli X Chapter 3 Question 2 of 5 The ledger of Blossom, Inc. on March 31, 2022, includes the following selected accounts before adju Debit Credit Prepaid Insurance $2,000 Supplies 2,000 Equipment 29,000 Unearned Service Revenue $8,500 An analysis of the accounts shows the following. 1. Insurance expires at the rate of $400 per month. 2. Supplies on hand total $1,400. 3. The equipment depreciates $300 per month. 4. During March, services were performed for two-fifths of the unearned service revenue. Prepare the adjusting entries for the month of March. (List all debit entries before credit entries. Credit account titles are autn Credu indented when the amount is entered. Do not indent manually.) Debit Date Account Titles and Explanation No. rcharrow_forwardestions - Blackboa x NWP Assessment Player UI App x A education.wiley.com/was/ui/v2/assessment-player/index.html?launchid 5750652f-a595-413e-b7d3-15080082c239/question/22 ter 6 Questions 0/1 E Question 23 of 25 You have the following information for Sheridan Inc. for the month ended June 30, 2022. Sheridan uses a periodic inventory system. Unit Cost or Date Description Quantity Selling Price June Beginning inventory 40 $34 June 4. Purchase 135 37 June 10 Sale 110 64 June 11 Sale return 15 64 June 18 Purchase 55 40 June 18 Purchase return 10 40 June 25 Sale 65 70 June 28 Purchase 35 44arrow_forwardmp?attempt=1764992&cmid%3875183&page=D12 الم صيرة بلحه u io a https://alternativet 4 SQUCOFFEE - Goog. B BCOM2911-Busines.. O Sultan Caboos Univ. O Trading Platfom ACADEMIC) E-LEARNING SERVICES SQU LIBRARIES SQU PORTAL ATTENDANCE lanagerial Accounting - Spring21 e / My courses / ACCT2121 yasserg Spring21/ Midterm Exam One / Midterm Exam One stion The adjustment of overapplied manufacturing overhead cost results in all the following, EXCEPT: O a. decrease in net operating income. ed O b. increase in net operating income. out of Oc. decrease in cost of goods sold O d. none of the given answers stion XYZ Company had the following information for the year: red Direct materials used OMR 110,000 dout of Direct labor incurred (5,000 hours) OMR 150,000 Actual manufacturing overhead incurred OMR 166,000 on The Company used a predetermined overhead rate of OMR 30 per direct labor hour for the year. Assume the only inventc an ending Work in Process Inventory balance of OMR 17,000. What was cost…arrow_forward
- A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fblackboard.waketech.edu%252Fwebapps%252Fportal%252Fframeset.jsp%253Ftab tab gr Jill bought a $730 rocking chair. The terms of her revolving charge are 2% on the unpaid balance from the previous month. If she pays $100 per month, complete a schedule for the first 3 months like Table 14.3. Be sure to use the U.S. Rule. (Round your final answers to the nearest cent.) Monthly Outstanding Amount of Outstanding balance due 2.0% interest Reduction in рayment number monthly payment balance due payment balance due acer 3.arrow_forwardA ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnew Ch 10 Concept Videos i 6 Part 2 of 5 .75 oints eBook Ask Print References Mc Graw Hill Required information Journal entry worksheet 1 On December 31 Wintergreen, Inc., issued $150,000 of 7 percent, 10-year bonds at a price of 93.25. Note: Enter debits before credits. Date Dec. 31 General Journal Cash Discount on bonds payable Bonds payable Record entry Clear entry < Prev. Saved C Debit 139,875 S 678 HCC FIL 9 Credit View general journal of 35 US Narrow_forwardO UTF-8"CH_02.pptx x O UTF-8"Individual%: * Assets Liabilities C x O UTF-8"Individual%2 x b My Questions | bart x Bb Review Submission x Course Home A Not secure | openvellum.ecollege.com/course.html?courseld=15836449&HepID=07d540babdc75223ea4bcb31dba912cb#10001 My Courses Amay Brown :| e Intro to Financial Accounting 29:010:203 (Spring 2020) | 02/11/20 3:01 PM Course Home Homework: Assignment 2 Save Assignments Score: 0.43 of 1 pt HW Score: 75.6%, 9.07 of 12 pts 11 of 12 (11 complete) v Study Plan TI1-5 (similar to) E Question Help Results 18. Using the following information, complete the income statement, statement of retained earnings, and balance sheet for RN Painting for the month of March 2018. The business began operations on March 1, 2018. E (Click the icon to view the account balances.) Pearson eText Multimedia Library Accounts Receivable 1700||Accounts Payable Dynamic Study Modules Office Supplies Stockholders' Equity Retained Earnings Syllabus Service Revenue Total Expenses…arrow_forward
- M Inbox - 2193565@slu.edu.ph - Sa x A Midterms Part 2 E 131 MIDTERMS PART 2 b My Questions | bartleby A docs.google.com/forms/d/e/1FAlpQLSe94FpCNY14R-JRUFCTTJ60E-Bht7bh1TeDti6nFO0x17GoQg/viewform?hr_submission=Chkl7fXk2cgBEhAlts6E7q4GEgcllbP3ntoDEAE On January 1, 20x1, Pete Electrical Shop received from Marion Trading 300 pieces of bread toasters. Pete was to sell these on consignment at 50% above original cost, for a 15% commission on the selling price. After selling 200 pieces, Pete had the remaining unsold units repaired for some electrical defects for which he spent P2,000. Marion subsequently increased the selling price of the remaining units to P330 per unit. On January 31, 20x1, Pete remitted P64,980 to Marion after deducting the 15% commission, P850 for delivery expenses of sold units, and P2,000 for the repair of 100 units. The consigned goods cost Marion Trading P200 per unit, and P900 had been paid to ship them to Pete Electrical Shop. All expenses in connection with the…arrow_forwardAutoSave Acct12_Ch09_WP_templates - Compatibility Mode Search invoker robinson File Home Design References Mailings Review View Help A Share P Comments Insert Layout E9-24 Journalize all required entries. Make sure to determine the missing maturity date. Solution: Date Accounts and Explanation Debit Credit D Focus Page 16 of 17 12 of 876 words 100% 8:10 PM O Type here to search a W 10/22/2020 Oarrow_forwardCould someone please do 3 through 8arrow_forward
- The Norton Introduction to L CengageNOWv2| Online teac x Navy Federal GO Prepaid - S x hASsigumentitakcAss gamentMalh.doinvokcr-3tak.CASSignment5oss onLocator-8irprogross-lalse elcome, Quente.. 3 Library Genesis Macmillan Launch.. O (7) YouTube E My Conversations.. bnc Apparel, Gifts & T... eBook Print Item Segment Contribution Margin Analysis The operating revenues of the three largest business segments for Time Warner, Inc., for a recent year follow. Each segment includes a number of businesses, examples of which are indicated in parentheses. Time Warner, Inc. Segment Revenues (in millions) Turner (cable networks and digital media) $54,900 Home Box Office (pay television) 30,400 Warner Bros. (films, television, and videos) 55,300 Assume that the variable costs as a percent of sales for each segment are as follows: Turner 18% Home Box Office 16% Warner Bros. 45% a. Determine the contribution margin and contribution margin ratio for each segment from the information given. When…arrow_forwardtle=pccertified-professional-in-financial-accounting 5e33e716ef363&c=9&p=1 O New Tab 6 Currency Conversion O Silberline Intranet S.. @ https://www.comm... A SAP Health Declara. I Silberline Home ( Previous al Question 1/50 O 117 min 15 secs 2% 89% Done In October 2015 Utland sold some goods on sale or return terms for $2,500. Their cost to Utland was $1,500. The transaction has been treated as a credit sale in Utland's financial statements for the year ended 31 October 2015. In November 2015 the customer accepted half of the goods and returned the other half in good condition. What adjustments, if any, should be made to the financial statements? A. Sales and receivables should be reduced by $2,500, with no adjustment to closing inventory B. ) Sales and receivables should be reduced by $2,500, and closing inventory increased by $1,500. C. Sales and receivables should be reduced by $1,250, and closing inventory increased by $750 D. No adjustment is necessary Next O Mark For Review @…arrow_forwardX SAM.gov | Home First Financial Bank Question 1- Week 5: X devry: Cost Managem X -Portal X M Inbox (17) - princessp: X X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com... A to Homework i Saved Help Save & Exit Check The following information is available for Brownstone Products Company for the month of July: Master Actual Budget Units 3,500 4,000 Sales revenue $ 54,300 $ 60,000 Variable manufacturing costs 10,000 16,000 Fixed manufacturing costs 13,000 14,000 Variable selling and administrative expenses 6,500 8,000 Fixed selling and administrative expenses 8,000 9,100 Required: 1. What was the master budget variance for July? Was this variance favorable or unfavorable? es 2. Compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribution margin and in terms of operating income. 4. Prepare pro-forma budgets for activities within its relevant range of…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Essentials Of InvestmentsFinanceISBN:9781260013924Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.Publisher:Mcgraw-hill Education,
- Foundations Of FinanceFinanceISBN:9780134897264Author:KEOWN, Arthur J., Martin, John D., PETTY, J. WilliamPublisher:Pearson,Fundamentals of Financial Management (MindTap Cou...FinanceISBN:9781337395250Author:Eugene F. Brigham, Joel F. HoustonPublisher:Cengage LearningCorporate Finance (The Mcgraw-hill/Irwin Series i...FinanceISBN:9780077861759Author:Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan ProfessorPublisher:McGraw-Hill Education
Essentials Of Investments
Finance
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:9780134897264
Author:KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:Pearson,
Fundamentals of Financial Management (MindTap Cou...
Finance
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i...
Finance
ISBN:9780077861759
Author:Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:McGraw-Hill Education