You pay $5,500 per year for insurance on your building. Fire damage caused $15,000 in repairs. The insurance company paid for the repairs with a $1,000 deductible. Insurance premiums will go up by 15% because of the claim. What will be the annual insurance cost on the building next year

Answers

Answer 1

Based on the amount you pay now and the increase in insurance premiums, your annual insurance costs next year would be $6,325.

What is the next insurance cost next year?

The annual cost of insurance refers to the amount that is paid in premiums in a year.

That cost is currently $5,500 but will increase by 15%.

= Current insurance cost x ( 1 + rate of increase)

Solving gives:

= 5,500 x ( 1 + 15%)

= $6,325

Find out more on insurance cost at https://brainly.com/question/4953989.


Related Questions

International businesses have to engage in market __________, or identifying different groups of consumers by their purchasing behavior.

Answers

International businesses have to engage in market Segmentation or identifying different groups of consumers by their purchasing behavior.

What is market Segmentation

Market segmentation refers to the process of dividing a large consumer or business market which usually consists of existing and potential customers, into smaller groups of consumers characterised by their shared consumer behaviour.

For international businesses to survive in a market, there is need to perform Market segmentation in order to make informed decisions.

#SPJ1

Learn more about market segmentation at https://brainly.com/question/14024869

Comfy Slipper Supply Inc. does not feel the pressure to create custom slippers for any of its markets around the world, but it does want to focus on cost reductions. What strategy should this company consider using to achieve this

Answers

Comfy Slipper Supply Inc. company consider using business process management strategy.

What is Business process management?

It involves different method that is used by a business or organization to manage it's process.

This could include methods to analyze and measure the appropriate model that can b use to optimize profit.

Therefore, Comfy Slipper Supply Inc. company consider using business process management strategy.

Learn more on business management here

https://brainly.com/question/1276995

If the number of consumers in a market increases, the market demand curve will.

Answers

If the number of consumers in the market increase,the demand increases respectively

Theory of Demand and Supply

The theory of demand and supply is a powerful tool that explains the behaviours of buyers and sellers of goods and service, and how price reacts to this behaviours.

When the demand of a commodity is high, the price will be high and when the demand is low the price will become low.

Learn more on Demand and Supply here:

https://brainly.com/question/4804206

Uploaded ads give advertisers access to more inventory than responsive display ads.

Answers

Uploaded advertisements (ads) give advertisers access to more inventory than responsive display advertisements (ads): False.

What is an advertisement?

An advertisement refers to the promotional multimedia messages that are designed and developed with the sole intention of making the various goods or services that are being offered by a business firm or an entrepreneur to become known, popular and familiar to all of its customers and potential customers.

The types of advertisement.

Generally, there are various medium that are used for the advertisement of goods or services and these include the following:

Uploaded advertisements (ads).Responsive display advertisements (ads).

In conclusion, it is false to say that uploaded advertisements (ads) give advertisers access to more inventory than responsive display advertisements (ads).

Read more on advertisements here: brainly.com/question/10196860

When determining what price to charge for a product or service, marketing executives consider which of the following?

A. competitors’ pricing structures
B. how much customers can afford to pay for the product or service
C. at what point the market will be flooded with similar products and services, driving down consumer demand
D. all of the above

Answers

Answer: D) all of the above

Explanation:

O A. "I'm a hard worker."
O B. need more help.'
• C. "I wonder if my friends are good at this."
C D. "Will this be
over soon?"

Answers

whats the question here?

Money is a ______ of some item or group of items that is used as a medium of exchange.

Answers

The fact that money can be used as a medium of exchange is as a result of it being a stock of some items.

What can money do?

Money allows for us to trade goods and services which makes it invaluable as a medium of exchange.

The reason money can do this is because it can be denoted as the stock or value of some items.

Find out more on the purposes of money at https://brainly.com/question/3182649.

________ refers to the strategy of getting visitors to a Web site to forward information on the site of their friends in order to make more consumers aware of a product. Demand-based marketing Viral marketing Foot-in-door marketing Guerrilla marketing

Answers

Answer: According to the ________ perspective, under the right circumstances a group of people is smarter than the smartest people within the group. A) mere exposure phenomenon B) wisdom of crowds C) deindividuation D) normative influence

Explanation:

hope this helps ya :) :;:

Based in Fairmont, WV, the Internet Fraud Complaint Center is run by the FBI and the National White Collar Crime Center with the goal to analyze fraud-related complaints. Question 8 options: True False

Answers

The Internet Fraud Complaint Center, run by the FBI and the National White Collar Crime Center, indeed analyzes fraud-related complaints.

What is the Internet-Fraud Complaint Center?

The Internet-Fraud Complaint Center, based in Fairmont, WV, handles the following internet-related complaints:

Intellectual Property Rights ( IPR ) mattersComputer Intrusions (hacking)Economic Espionage (Theft of Trade Secrets)Online ExtortionInternational Money Laundering.

Thus, the Internet-Fraud Complaint Center is run by the FBI and the National White Collar Crime Center to analyze fraud-related complaints.

Learn more about the Internet Frauds at https://brainly.com/question/3422329

The contracts involving promises to pay a debt that are within the statute of frauds are of a very limited kind. These promises are referred to as _____.

Answers

The contracts involving promises to pay a debt that are within the statute of fraud are of a very limited kinda and are referred to as secondary promises and Collateral promises. This is further explained below.

What are secondary promises?

Generally, Contracts involving commitments to settle a debt that fall within the scope of the statute of fraud are of a very restricted kind.

In conclusion, Collateral promises are also known as suretyship promises

Read more about behavior

https://brainly.com/question/24518056

#SPJ1

One of the ways governments control capital inflows and outflows is by:

Group of answer choices

regulating imports.

regulating exports.

regulating FDI.

regulating domestic businesses.

Answers

Answer:

Regulating imports or exports. (I Think )

Explaination:

Capital controls are established to regulate financial flows that go in and out of the capital account meaning, the capital controls and regulates the imports and exports.

Which of the following best describes the main difference between scarcity and a shortage? a. while a shortage is a temporary market condition, scarcity is an ongoing condition in the world. b. while scarcity is a temporary market condition, a shortage is an ongoing condition in the world. c. scarcity is found throughout the world, but shortages only occur in wealthy countries. d. shortages occur everywhere, but scarcity happens only in countries with very high poverty levels. please select the best answer from the choices provided a b c d

Answers

Answer:

The answer is A.)while a shortage is a temporary market condition, scarcity is an ongoing condition in the world.

Explanation:

It will not stop in the world no matter what it is a problem ethier way in the world.

Anything accepted for payment of goods and services or repayments of debts can be considered __________.
A.
cash
B.
money
C.
creditable
D.
transferable

Answers

Answer:

D.

transferable

Explanation: Items that can be repaid without money are considered transferable

Lmk if this helps!

Marsha is working part-time at a restaurant. She makes an average of $200 per week and her parents send her a monthly allowance of $100. She has the following monthly expenses: Cell phone, $62.00; Gas, $100.00; Food, $200.00; Entertainment, $100.00; Car payment, $200.00; and Insurance, $125.00. Use this information to fill in Marsha’s Income Statement for the current month.
Income:
Total Income:
Expenses:
Total expenses:

Answers

If She makes an average of $200 per week and her parents send her a monthly allowance of $100. Her net income is $113.

Income Statement

Marsha’s Income Statement for the current month

Income $900

[($200 per week×4 weeks)+$100]

Total Income $900

Expenses:

Cell phone $62.00

Gas, $100.00

Food $200.00

Entertainment $100.00

Car payment $200.00

Insurance $125.00

Total expenses $787

Net income $113

($900-$787)

Therefore her net income is $113.

Learn more about  Income Statement here:https://brainly.com/question/24498019

Tyrell and Barb bought a commercial investment property in 2009 during the real estate market downturn. Through what year will they be able to depreciate the investment?

Answers

The fact that Tyrell and Barb bought a commercial investment property in 2009 means that they will be able to depreciate the investment till the year 2048.

How long are commercial investment properties depreciated?

The U.S. Tax code calls for commercial investment property to be depreciated in a straight-line manner over a 39 year period.

The year in which Tyrell and Barb can depreciate to is therefore:

= 2009 + 39 years

= 2048

In conclusion, they can depreciate the commercial property till 2048.

Find out more on commercial property investment depreciation at https://brainly.com/question/13650890.

Contracts whose performance, based on the terms of the contract, cannot possibly occur within ______ fall within the statute of frauds and therefore must be in writing.

Answers

Contracts whose performance, based on the terms of the contract, cannot possibly occur within one year fall within the statute of frauds and therefore must be in writing.

What is a contract?

A contract is made between group of people or some individual over a business, job or property.

The contract contains the terms of agreement between the parties involved and the rules and regulations guiding the contract.

Therefore, Contracts whose performance, based on the terms of the contract, cannot possibly occur within one year fall within the statute of frauds and therefore must be in writing.

Learn more e contract here,

https://brainly.com/question/984979

#SPJ1

Costs that have been incurred and cannot be eliminated regardless of the alternative chosen are ________. multiple choice sunk costs unavoidable costs relevant costs irrelevant costs

Answers

Sunk cost are costs that have been incurred and cannot be eliminated regardless of the alternative chosen.

What is sunk cost?

Sunk cost are past cost that cannot be recovered. They are irrecoverable cost or money that has been incurred or paid.

It is to be noted that sunk cost is not to be given though to especially when making future business decisions because it cannot be recovered.

Examples of sunk cost are :

Research into a new product.New software system and working practices.

Hence, sunk cost are costs that have been incurred and cannot be eliminated regardless of the alternative chosen

Learn more about sunk cost here: https://brainly.com/question/14848662

When a company sells a product for a price that is less than the cost of producing the product, it is engaging in:.

Answers

If a company sells a product at a price that is less than the cost of producing the product, then it is engaged in dumping.

What do you mean by a Product?

A product refers to any product, goods, or services intended for sale purposes. Goods, services, experiences, shopping, convenience, specialty goods, consumer goods, and industrial goods are the different types of products.

Dumping refers to when a company or country exports a product that is lower in the foreign market than the domestic export market. According to World Trade Organization, dumping is legal.

Therefore, Dumping is when a company sells a product that is lower than the cost of producing the product.

Learn more about the product here: https://brainly.com/question/22852400

#SPJ1

tori is a freelance photographer and her net earnings were $80,000. calculate tori’s payroll taxes if she was a full time employee

Answers

Tori’s payroll taxes if she was a full time employee of the company will be $11304.

How to compute the tax?

From the given information, the net income is $80000, tax rate is 15.3% for social security and Medicare.

Therefore, the tax paid by Tori will be:

= 15.3% × $73880

= $11304

In conclusion, the tax will be $11304

Learn more about tax on:

https://brainly.com/question/25783927

Bobcat Elevator reported financial statements indicate an increase in its return on assets, even though its net profit margin declined. This is due to

Answers

When there is an increase in return on assets and yet there is a decline in profit margin, this is due to an increase in asset turnover.

How can return on assets increase if profit margin decreases?

The profit margin is calculated by dividing the net income by the sales amount while return on assets is found by dividing the net income by total assets.

If the asset turnover increased, it means that there are less assets which means that the return on assets will be higher even though the profit margin will be lower.

Find out more on asset turnover at https://brainly.com/question/14527137.

If the real interest rate in the united states increases relative to that of the rest of the world, capital should flow:.

Answers

If the real interest rate in the United states increases relative to that of the rest of the world, capital flow should increase.

What happens when the real interest rate increase?

Real interest rate is the rate earned by those who give out their monies to businesses. The real interest rate has been adjusted for inflation.

When the real interest rate increases, the return earned by investors increase. This would encourage investors to increase their investment in the United States. As a result,  capital flow should increase.

To learn more about interest rate, please check: https://brainly.com/question/26500076

#SPJ1

Riley is 25 years old, and will soon be starting a career as a business analyst. According to Levinson, Riley is in the _____ phase of adult development

Answers

According to Levinson, Riley is in the Novice phase of adult development.

What is Business?

This refers to the buying and selling of goods with the major aim of making profit.

Hence, we can see that based on the adult development phase, because Riley who is 25 years old and just starting out as a business analyst is in the novice phase.

Read more about business here:

https://brainly.com/question/1958071

#SPJ1

Finley is a positive, motivator leader who encourages his employees to socialize, harness their creativity, and set goals. What type of leader is Finley

Answers

Based on the fact that Finley is a positive and motivational leader who encourages creativity, he is most likely a Transformational leader.

What is a transformational leader?

This is a leader who wants their followers to develop in a positive way so that they can be the best they can be.

Such leaders will therefore encourage their followers and motivate them just like Finley does to his employees.

Find out more on transformational leadership at https://brainly.com/question/24109450.

At an output level of 18,500 units, you calculate that the degree of operating leverage is 1.64. What will be the percentage change in operating cash flow if the new output level is 20,000 units

Answers

The percentage change in operating cash flow if the new output level is 20,000 units is: 13%.

Percentage change in operating income

Using this formula

Percentage change in operating income=Degree of operating leverage×(New output level-Output level)Output level

Let plug in the formula

Percentage change in operating income=1.64×(20,000-18,500)/18,500

Percentage change in operating income=1.64×(1500/18,500)

Percentage change in operating income=1.64×0.08108

Percentage change in operating income=0.13×100

Percentage change in operating income=13%

Therefore the percentage change in operating cash flow if the new output level is 20,000 units is: 13%.

Learn more about Percentage change in operating income here:https://brainly.com/question/25895372

#SPJ1

The president of Krypton Inc. wants to know the company's current financial condition. The financial report that can provide this information is the _____.

Answers

The president of Krypton Inc. desires to recognize the company's current financial status. The financial report that can furnish this content is the Balance Sheet.

What is a Balance Sheet?

A balance sheet showed as a financial statement. It presents the liabilities, assets and shareholder equity of a business firm.

It is one of the three fundamental financial statements that is employed to examine a company, is the balance sheet.

It provides a snapshot of a company's financial situation as of the publication date.

If the president of Krypton Inc. needs to know about the company's current financial situation, the Balance Sheet is the financial report that may provide this information.

Therefore, the balance sheet is the statement the shows the financial condition of the organization.

Learn more about the Balance Sheet, refer to:

https://brainly.com/question/26323001

#SPJ1

In the country of Azard, businesses use new smart cell phones to speed up many tasks such as sales recording, inventory checks, purchase orders etc. Which components of growth are recorded here

Answers

The component of growth recorded by the country of Azard is technology.

How is technology a component of growth?

Technology is one of the key drivers of growth in an economy. Technology increases the efficiency of the production of goods and services. The use of smart phones to speed up tasks is an example of technology contributing to growth.

To learn more about growth, please check: https://brainly.com/question/11679822

What are some advantages of promoting products using technology?: ​

Answers

Answer:

They get the word out faster

They can buy it from their homes, therefore increasing sales

They see it from everywhere

Explanation:

Answer:

Using technology to promote products allows you to reach a bigger audience in less time which is a major advantage.

The net present value method assumes that all cash inflows can be immediately reinvested in new projects at the a. cost of capital. b. hurdle rate. c. internal rate of return. d. rate on the corporation's short-term debt.

Answers

The net present value method assumes that all cash inflows can be immediately reinvested in new projects at the cost of capital.

What is new present value?

It is computed using the amount of money needed for a future project. The total amount needed will then be deducted from the present money in the organization to get the new present value.

Therefore, the net present value method assumes that all cash inflows can be immediately reinvested in new projects at the cost of capital.

Learn more on net present value here,

https://brainly.com/question/13228231

#SPJ1

Venus Corporation is creating an advertising budget with the goal to reach a large number of customers. Productive Advertising Company advises them that the most cost-effective way to reach a mass market is with

Answers

Venus Corporation is putting together an advertising budget in order to reach a huge number of people.

The most cost-effective technique to reach a broad market, according to Productive Advertising Company, is via television commercials.

What is advertising on television?

A television commercial (also known as a television commercial, commercial, television spot, TV spot, advert, TV advert, or simply an ad) is a segment of television programming that is produced and paid for by a company. It sends out a message that promotes and markets a product or service.

Television advertising provides a significant competitive edge. It has the ability to increase market share, as well as provide scale and reach. It also allows you to purchase exactly the number of ratings (or watchers) that you require.

For more information about Television advertising refer to the link:

https://brainly.com/question/25556823

#SPJ1

Ellen purchased a dishwasher, which cost $315 before the 9.22% sales tax. she used the machine an average of 10 times per week for the next six years, at which point she replaced it. each time she ran the dishwasher it cost her $0.09 for water and $0.13 for electricity. what was the lifetime cost of ellen's dishwasher? a. $1,030.44 b. $686.40 c. $1,093.73 d. $749.69

Answers

Answer:

NOT anser B). $686.40

Explanation:

just took quiz

Other Questions
A dinosaur skeleton would most likely be found in the form of a ____.permineralized fossilcompression fossilpreserved fossilmold and cast fossil What is the correct definition of global interdependence?nations helping those still under the yoke of colonialism to win their freedominternational rulers forming bonds based on shared values rather than economic needsdeveloping nations receiving financial aid, support, and charity from developed nationsnations and populations relying on each other for resources, goods, and services Aspirin is one of the Aesthetic Values of biodiversitytruefalse Please Helppppppppppp WILL GIVE BRAINLIEST AND 100 POINTS PLEASE FULL AND ACCURATE ANSWER NO LINKS!!!! THANK YOU!A rabbit's fur grows at the rate of 5 over 2 inches per month.How many months will it take the rabbit's fur to grow 15 over 4 inches?Explain your answer using expressions and words. Read the sentence. tushan was a highly experienced runner with years of experience running in races. what is the best replacement of "experience" in this sentence? skill exercise practice rehearsal what adds to make 16 but multiplies to make 63 French Homework due tomorrow Students have the right to know what they will be graded on. please select the best answer from the choices provided t f A yard cleanup service charges a $345 fee plus $16.25 per hour. Another cleanup service charges a $213 fee plus $24.50 per hour. How long is a job for which the two companies' costs are the same? How are similar triangles related to each other? What was an effect of the migration from Africa in the18th and 19th centuries as a result of imperialistpolicies similar to those described in the passage?O Native populations welcomed the chance to gainemployment opportunities and took advantage ofeducational opportunities that came with arrivingmigrant groups. Migrant groups became minority communities in thecountries they emigrated to and incurred theresentment of the majority populations. O Native populations formed communities withmigrants, creating a new mixed culture with bothAfrican and European characteristics. Migrant groups helped modernize the colonialinfrastructure of the colonies, causing resentmentamong the native populations that paid for it. The sunflower family is the largest plant family on Earth, encompassing more than 24,000 species, including lettuce, artichokes, dandelions, and other plants. The sunflower's genome is 3.5 billion letters long, only slightly longer than the human genome. Researchers are now mapping the sunflower's DNA sequence to identify genes responsible for agriculturally important traits. Some of these traits include seed oil content, flowering, and drought and pest tolerance. Once researchers identify these genes, they aspire to crossbreeding a new species of sunflower with all the desirable traits. Significant design efforts, during deliberate planning at combatant commands, produce results as those commands _____. (Select all that apply.) Define an array to be a Mercurial array if a 3 does not occur between any two 1s. Write a function named isMercurial that returns 1 if its array argument is a Mercurial array, otherwise it returns 0 Select the correct answer.Ron coaches a baseball team. There are three innings left the game, and the team is losing by four runs. Ron is trying to decide whether toreplace the pitcher or keep the pitcher in for another inning. In the past, when losing by four runs, he nas replaced the pitcher total of 14 timesand kept the pitcher in a total of 10 times. The table shows the results of those decisions at the end of nine innings.Replaced pitcherKept pitcherWon game84Lost game5Tied game2Total1410Based on the information in the table, if the goal is to win the game in nine innings, should Ron replace the pitcher or keep the pitcher in?O A. Ron replacing or not replacing the pitcher has no advantage.O B, Ron should replace the pitcher with a relief pitcher.O c. There is not enough information to determine if Ron should replace the pitcher or not. Which statement describes a difference between electromagnetic waves and mechanical waves? The number of shares that a corporation's incorporation document allows it to sell is referred to as Solve for the missing angle measureAnswer choices501207060 15 points!! please answer correctly