Fernando's Choppers owns a building valued at $1,091,000, but has decided to insure it for only $587,000. Their insurance policy stipulates coinsurance of 70%. If a fire were to cause $516,000 in damage, how much would the insurance company pay on the claim?
$396,611.23
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Which of the following would not be classified as task-oriented behavior?
a. work scheduling b. maintaining efficiency c. resolving personal or interpersonal problems d. enforcing rules
A dependent clause and an independent clause joined together form a ________
A) compound sentence B) simple sentence C) compound-complex sentence D) complex sentence
Assume that The Sandy Creek Nature Center, a private not-for-profit organization, started the fiscal year ending December 31, 2017 with $59,378 in temporarily restricted net assets. The amounts are restricted for the following: •restricted for educational programs relating to preservation of wetlands $18,000.•restricted for future equipment purchases $16,000 (Fixed assets are recorded as unrestricted when acquired) and •a promise to provide $5,000 each of the next six years for general support. Assume the pledge was made on December 31, 2016 and the present value of six (January 1) payments discounted at 5 percent is $25,378. During the fiscal year ended December 31, 2017, the following transactions occur:(a)The first $5,000 installment on the pledge receivable was
received.(b)Expenses related to educational programs on conservation of wetlands were incurred and paid in the amount of $19,900 (c)The $18,000 received in a prior year for equipment, together with an additional $25,500 was used to acquire equipment.(d)Interest of 5% is recorded on the remaining balance of the pledge receivable.Required: Prepare the journal entries necessary for the above transactions: What will be an ideal response?
An opportunity cost is the cost of not doing something.
Answer the following statement true (T) or false (F)