500 auto expense 1 - Study guides, Class notes & Summaries

McGraw -Hill’s Taxation of Business Entities 2023 Edition, 14e Brian Spilker (Solutions Manual). Solutions Manual - Taxation of Individuals and Business Entities, by Spilker et al. Copyright © 2019 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGrawHill Education. Chapter 1 Business Income, Deductions, and Accounting Methods SOLUTIONS MANUAL Discussion Questions 1. [LO 1] What is an “ordinary and necessary” busines...

Florida All Lines Adjuster 2023 Exam| Verified Examination| Graded A Questions and Answers 1. Your insured has purchased the minimum split limit policy that meets Financial Responsibility Law in Florida. He causes the following bodily injuries to passengers: Carl $12,000 Jeanne $10,000 Charlie $10,000 How much will his policy pay? ~ Answer: $20,000 for the total BI portion of accident 2. An insured has 25/50/25 limits and injured another person. The injured person won a tort c...

New York auto exam 17-66 study guide rated A+ All of the following are reasons that an adjuster should keep very detailed log notes, EXCEPT: To produce notes that will support a fraudulent denial of claims. . The adjuster's log notes are used to determine negligent parties, to assist in detecting fraud, to become a part of the claims file, and to be used in future proceedings. The log notes are not intended to produce a fraudulent record to deny a claim. When a homeowners policy has been in ...

In PA, a consumer reporting agency may list all of the following information about a consumer EXCEPT: Medical Information The device that synchronizes the spark plug firing sequence is: Camshaft Sensor If an insured fail to report a claim in a timely fashion the adjuster will usually: Send the insured a reservation of rights letter When using a dedicated bench fixture to measure a unibody with front-end damage, where should fixtures be placed? Fixtures should be placed i...

Exam FX Property and Casualty Insurance Practice Exam | 100% Correct Answers | Verified | Latest 2024 Version The causes of loss insured against in an insurance policy are known as - Perils Before an insurer will pay any loss under a policy, what is usually required from the insured? - Proof of loss An insured works outside the home. The insured's sister lives with him and cares for his four children. When the insured's home is severely damaged by fire, the family moves into an ap...

1 PROPERTY AND CASUALTY REVIEW EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ A unique exclusion that is found only in the Fine Art Floater is: Correct Answer: Art on Exhibition (Due to most frequent thefts during gallery showings) Which section of a Special form policy determines whether a peril is covered? Correct Answer: Exclusions New zoning laws prevent an Insured from replacing a destroyed property. If the Insured transfers ownership of the property to the ...

Mary Goodwin's financial situation is as follows: Cash/cash equivalents $15,000 Short-term debts $8,000 Long-term debts $133,000 Tax expense $7,000 Auto note payments $4,000 Invested assets $60,000 Use assets $188,000 What is her net worth? A)$111,000 B)$137,000 C)$122,000 D)$263,000 - ANSWER-C At the end of last year, Bill Greer has the following financial information: Salaries$70,000Auto payments$5,000Insurance payments$3,800Food$8,000Credit card balance$10,000Dividends$1,100U...

Idaho Property & Casualty Exam Questions and Answers Verified 100% Which of the following statements is false with respect to requirements for rates? A) Rates may not be inadequate B) A purpose of the rate regulation is to diminish competition between insurers C) Rates may not be unfairly discriminatory D) A purpose of the rate regulation is to regulate cooperative action among insurers - B The Businessowners Coverage Form to the Businessowners Policy provides coverage on which of the...

Test Bank For Entrepreneurship: The Practice and Mindset 1st Edition by Heidi M. Neck Christopher P. Neck ,Emma L. Murray Chapter 1: Entrepreneurship: A Global Social MovementTest Bank Multiple Choice 1. The authors define entrepreneurship as . a. a discipline that seeks to understand how opportunities are discovered, created, and exploited, by whom, and with what consequences b. starting a small business by finding investors and launching a product c. developing a new market by crea...

Jason Ford has been the sole owner of a bicycle sales and repair shop for several years. Which of the following business types would limit Jason's personal liability exposure to the entity's debts? - ANSWER limited liability company Ten years ago a corporation purchased a building for $180,000. At that time, the corporation felt that the building was worth $205,000. The current market value of the building is $420,000. The building has been assessed at $395,000 for property tax purposes. At...