42 dollars is not the correct answer
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42 dollars is not the correct answer
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- Your insured's automobile is badly damaged in an accident. He/she calls to advise that the insurer wants to write-off the car because the estimated repair cost is greater than its "Red Book" actual cash value. Your insured feels that this is unfair and wants the vehicle to be repaired. What should you tell your insured? Losses are rarely settled according to the "Red Book" value, so you'll negotiate with the insurer for the vehicle to be repaired. Your insured is entitled to obtain an appraisal, for which the costs must be shared equally with the insurer. The insurer must comply with the wishes of your insured so legal action should be taken. You will try to have the insurer waive the deductible to help compensate for the claim being treated as a total loss.9.- When you decide to reject the discount and pay on the last day of the credit term, there is a cost associated with forgoing the discount. TRUE OR FALSE?TP6. LO 9.6 When a customer is delinquent on paying a notes receivable, your company has the option to continue to attempt collection or sell the debt to a collection agency. Research the benefits and challenges with each of these options and in a short essay, answer the following questions. What are the benefits and challenges of continuing to attempt collection yourself? What are the benefits and challenges of selling debt to a collection agency? If you had a dishonored notes receivable, which option would you select and why? Would you weight certain benefits or challenges differently when making your selection? How?
- The answer is not correct, as the multiple choice shows the following: Multiple Choice $48 $52 $44 $50Want Both the Correct Answer5. Which of the following will make Murabaha invalid? a. If payment is made in installments b. if the supplier is not paid directly by the bank. c. Price not agreed. d. Price not fully paid.
- Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.When selling a piece of equipment for cash, a loss will result when the proceeds of the sale are less than the book value of the asset. ____ 17. A loan in which the lender deducts interest from the amount borrowed before the money is advanced to the borrower is called a discounted note. ____ 18. If a fixed asset with a book value of $10,000 is traded for a similar fixed asset, and a trade-in allowance of $15,000 is granted by the seller, the buyer would report a gain on disposal of fixed assets of $5,000 (assume this exchange lacks “Commercial Substance”). ____ 19. The book value of a fixed asset reported on the balance sheet represents its market value on that date. ____ 20. In order to be a recorded contingent liability, the liability must be possible and reasonable. True and false questions....When you borrow money from someone it is because you do not have enough to pay for something yourself. The time value of money says that the person lending you the money a. receives only interest back from you but not the principal. b. loses the opportunity to purchase something with that money now. c. will accept less than you borrowed if you take a long time to pay them back." d. receives less back when you pay them back than what they originally loaned you.
