Natalie has an auto insurance policy that includes both collision and comprehensive coverage. She has a $500 deductible on her collision coverage and a $200 deductible on her comprehensive coverage. Her car has a book value of $7,000 when her car is damaged by a tornado. The car will cost $8,500 to repair. How much will Natalie's insurance company pay in this situation?
a. $6,500
b. $6,800
c. $8,000
d. $8,300
b
Business
You might also like to view...
Which of the following is not one of the five sources of power?
A. legitimate B. reward C. coercive D. appearance E. expert
Business
In conducting a total cost of ownership analysis, it is probably best to use a team representing the key functional areas.
Answer the following statement true (T) or false (F)
Business
The process of copying debits and credits from the journal to the ledger accounts is known as transferring
Indicate whether the statement is true or false
Business
Which of the following would not be reported in the cash receipts journal?
a. a cash sale; b. loan proceeds; c. a withdrawal by the owner; d. a customer payment of the balance due; e. bank credit card sales.
Business