Joan Raft had taken out an $80,000 fire insurance policy for her new shop at a rate of $0.81 per $100. Seven months later, Joan canceled the policy and decided to move the shop to a new location. What refund did she receive? (Round your answer to the nearest cent.)

Charles Wilson has just purchased some equipment for his landscaping business. For this equipment he must pay the following amounts at the end of each of the next five years: $10,390, $7,960, $9,250, $12,940, and $11,640. If the appropriate discount rate is 6.425 percent, what is the cost in today’s dollars of the equipment Charles purchased today? (Round answer to 2 decimal places

Knowing the 14 day personal use on rental property rule, your client has the following days that she is concerned about. How many days personal use do you calculate? 10 days of vacation at the rental property for her and her spouse 9 days of her and her spouse working on the property to make repairs. Her brother used the property for 7 days (but paid full rental to the rental company) Her sister used the property for 4 days but deadbeat her on the rent she rented to strangers for 140 days a. 10 days O b. 14 days O c. 23 days d. 17 days O e. 26 days O f. 21 days g. 30 days Oh. 19 days

When Marilyn Monroe died, ex-husband Joe DiMaggio vowed to place fresh flowers on her grave every Sunday as long as he lived. The week after she died in 1962, a bunch of fresh flowers that the former baseball player thought appropriate for the star cost about $10. Based on actuarial tables, “Joltin’ Joe” could expect to live for 25 years after the actress died. Assume that the EAR is 8.8 percent. Also, assume that the price of the flowers will increase at 3.7 percent per year, when expressed as an EAR. Assume that each year has exactly 52 weeks and Joe began purchasing flowers the week after Marilyn died.    What is the present value of this commitment? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Jagdeep sold his Indian restaurant “Maya no Dhaba” to Jasleen for the amount of$450,000. On top of that, Jasleen paid another $50,000 for Jagdeep to agreed that hewon’t open a new Indian restaurant in the radius of 10 Kms for the next five years.Discuss whether the $50,000 payment is considered as Ordinary Income? please put 3 references

Kemiah has the following insurance information from her employer: Premium: $200/month Deductible: $150 Tier 1: $10 Tier 2: $20 Tier 3: $40 She has never filled a prescription before, and brought her script for phentermine 37.5 mg to the pharmacy for processing. The pharmacy technician at the window informs Kemiah that this drug is not covered, and has a cash price of $37.22. Assuming she has paid the premium for her insurance to be active, what will she have ended up paying for the drug that month, all costs included? O a. $37.22 Ob. $200 O c. $150 O d. $237.22

Gerry likes driving small cars and buys nearly identical ones whenever the old one needs replacing. Typically, he trades in his old car for a new one costing about $15,000. A new car warranty covers all repair costs above standard maintenance (standard maintenance costs are constant over the life of the car) for the first two years. After that, his records show an average repair expense (over standard maintenance) of $2500 in the third year (at the end of the year), increasing by 50 percent per year thereafter. If a 30 percent declining-balance depreciation rate is used to estimate salvage values and interest is 9 percent, how often should Gerry get a new car? Click the icon to view the table of compound interest factors for discrete compounding periods when i = 9%. Gerry should get a new car every years, which has the (Round to the nearest whole number as needed.) EAC of $

You were in an accident that required surgery and five days of recovery in the hospital. Your total hospital bill reached $100,000. At the time of your accident you had previously paid nothing in health care costs for the year. Your health insurance has a deductible of $750 per year, a coinsurance rate for hospitalization of 10%, and an individual out-of-pocket maximum payment of $3000 for the year. How much must you pay out-of-pocket for your care in this situation?

Kate is an executive for the Cozy Furniture Manufacturing Company. She purchased furniture from the company for $9,500, the price Cozy ordinarily would charge a wholesaler for the same items. The retail price of the furniture was $12,500, and Cozy’s cost was $9,000. The company also paid for Kate’s parking space in a garage near the office. The parking fee was $600 for the year. All employees are allowed to buy furniture at a discounted price comparable to that charged to Kate. However, the company does not pay other employees’ parking fees.  Kate’s gross income from the above is:   answer choices: $3,500. $4,100. $-0-. $900 $600.

Charles Prose insured his real estate office with a $300,000 fire insurance policy at a $.78 annual rate per $100. Nine months later the insurance company canceled his policy because Charles failed to correct a fire hazard. What was Charles’s cost for the 9-month coverage?