John has an auto which is covered for collision losses subject to a $250 deductible. Kate's auto also has collision coverage but her deductible is $500
Which of the following statements describes how a $2,000 collision loss will be paid if it occurs when John borrows Kate's car because his car is in the shop for repairs?
A) John's policy will pay $1,500, and Kate's policy will pay nothing.
B) John's policy will pay $1,750, and Kate's policy will pay nothing.
C) Kate's policy will pay $1,750, and John's policy will pay nothing.
D) Kate's policy will pay $1,500, and John's policy will pay $250.
Answer: D
You might also like to view...
Dublin, Inc. uses the periodic inventory system. On February 1, the corporation purchased inventory on account for $16,000. The terms were 4/10, n/30. On February 2, it returned damaged goods worth $600 to the supplier. Give the journal entry for the payment if the invoice is paid after the discount period. (Round your answers to the nearest dollar.)
Some brands have tapped into the hip-hop culture to market a brand in a modern multicultural way, as Apple did with its iPod
Indicate whether the statement is true or false
A database should have exactly the same number of tables as there are Classes in the Unified Modeling Language (UML) Class diagram from which the database is developed.
Answer the following statement true (T) or false (F)
Motivation is a system to select, organize, and interpret information to create a useful, informed picture of the world.
Answer the following statement true (T) or false (F)