What is the difference between renters insurance for the ""full replacement cost"" vs renters insurance for the ""cash value"" of your items?.

Answers

Answer 1

The difference between the "full replacement cost" and the "cash value" renters insurance is one involves full replacement cost and the other depreciated value.

What is renters insurance?

Renter's insurance is the property insurance that covers the (renter's) policyholder's personal belongings, liability, and some living expenses in case of a loss event.

With replacement cost renters insurance, the policyholder has sufficient funds to replace all insured belongings and other losses.

With cash value renters insurance, the policyholder can only recover the depreciated value of their assets.

Thus, the difference between the "full replacement cost" and the "cash value" renters insurance is one involves full replacement cost and the other depreciated value.

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Related Questions

Jed owns corporate stock with a tax basis of $5,000 and a fair market value of $47,000. If Jed contributes the stock to a charitable organization, he can take an itemized deduction of $

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If Jed contributes the stock to a charitable organization, he can take an itemized deduction of $5,000.

What is Itemized deduction?

Itemized deduction can be defined as the money a tax payer can claim on their tax return so as to reduce their taxable income.

The tax basis  of the amount of $5,000 is the amount that Jed can take as an itemized deduction.

Therefore Jed can take an itemized deduction of $5,000.

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This will give you 100 points so please answer fast and make it a good answer. Choose ONE of the organization structures from above: functional, divisional, or matrix.

Create an organizational chart for the internal organization of a business of your choice and assign the appropriate task to be performed to each department or individual.

Feel free to use the Internet to search for examples to use as a guide when creating your organizational chart. Be sure to include the URL links you used as resources in the space below.

Now include the following:

Identify your business or what your business sells.

State which type of organization structure you chose and why you chose that structure.

List the task(s) for each job in your organization chart.

Answers

The question tests your knowledge of Organograms and Organizational Structures. The structure used in this example is a functional organizational structure.

What is a functional organizational structure?

Organizational Structures are the way businesses and organizations are organized.

Functional organizational structures are arranged or organized according to the functions that are available in the various departments of such an organization.

The organization structure attached is for revenue service. This structure is best for this kind of organization because it deals mostly with professional services that are intangible.

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Answer:

Explanation:

The question tests your knowledge of Organograms and Organizational Structures. The structure used in this example is a functional organizational structure.

What is a functional organizational structure?

Organizational Structures are the way businesses and organizations are organized.

Functional organizational structures are arranged or organized according to the functions that are available in the various departments of such an organization.

The organization structure attached is for revenue service. This structure is best for this kind of organization because it deals mostly with professional services that are intangible.

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The question tests your knowledge of Organograms and Organizational Structures - 1

Marco, Jaclyn, and Carrie formed Daxing Partnership (a calendar-year-end entity) by contributing cash 10 years ago. Each partner owns an equal interest in the partnership. Marco, Jaclyn, and Carrie each have an outside basis in his/her partnership interest of $104,000. On January 1 of the current year, Marco sells his partnership interest to Ryan for a cash payment of $137,000. The partnership has the following assets and no liabilities as of the sale date:

Tax Basis FMV

Cash $ 18,000 $ 18,000

Accounts receivable 0 12,000

Inventory 69,000 81,000

Equipment 180,000 225,000

Stock investment 45,000 75,000

Totals $ 312,000 $ 411,000

The equipment was purchased for $240,000, and the partnership has taken $60,000 of depreciation. The stock was purchased seven years ago

Required information

a. What are the hot assets $ 751(a)] for this sale?

i. Accounts receivable

ii. Inventory

iii. Stock investment

iv. Potential depreciation recapture in the equipment

b. What is Marcoâs gain or loss on the sale of his partnership interest?

c. What is the character of Marcoâs gain or loss?

i. $23,000 ordinary income and $10,000 capital gain

ii. $10,000 ordinary income and $23,000 capital gain

iii. $33,000 ordinary income

iv. $33,000 capital gain

v. None of these

Answers

a. The hot assets per Section 741(a) for this sale are as follows:

i. Accounts receivable

ii. Inventory

iv. Potential depreciation recapture in the equipment

b. Marco's gain or loss on the sale of his partnership interest is $33,000.

c. The character of Marco's gain or loss is iv. $33,000 capital gain.

What is a partnership interest?

A partnership interest refers to a partner's ownership and benefits that accrue from the partnership.

The partnership interest entitles the partner to participate in the distribution of profits and losses arising from the partnership business.

Data and Calculations:

Each partner's outside basis = $104,000

Sale proceeds of Marco's partnership interest = $137,000

Gain = $33,000 ($137,000 - $104,000)

Thus, Marco, who sold his partnership interest to Ryan, had a capital gain of $33,00 because of the difference between the sale proceeds and the partner's adjusted basis in the partnership interest.

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Florists in the town of Minerva, Illinois, operate in a monopolistically competitive market. The price in long-run equilibrium for a flower shop is _____, and output is _____, than would be the case for a perfectly competitive firm with an identical production function and cost curves.

Answers

In a monopolistically competitive market, The price in long-run equilibrium for a flower shop is higher, and output is lower, than would be the case for a perfectly competitive firm with an identical production function and cost curves.

What is  monopolistically competitive market?

A monopolistic industry is one in which numerous businesses compete for the same products or services.

Entry and exit barriers are low in a monopolistic competitive industry, and one firm's decisions have little impact on its competitors.

Thus, it higher and lower.

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The four major types of limited-service merchant wholesalers are cash and carry wholesalers, drop shippers, truck jobbers, and __________. Group of answer choices transport vendors. rack jobbers. point of purchase wholesalers. display vendors.

Answers

Answer:

Rack jobbers

Explanation:

The following hypothetical production possibilities tables are for China and the United States. Assume that before specialization and trade the optimal product mix for China is alternative B and for the United States is alternative U. [Note: 1 unit of apparel is 1,000 items and 1 unit of chemicals is 1 ton].

China Production Possibilities

Product A B C D E F

Apparel 80,000 64,000 48,000 32,000 16,000 0

Chemicals(tons) 0 32 64 96 128 160

U. S. Production Possibilities

Product R S T U V W

Apparel 240,000 192,000 144,000 96,0000 48,000 0

Chemicals(tons) 0 48 96 144 192 240

Instructions:

a. Are comparative-cost conditions such that the two countries should specialize? If so, what product should each produce? b. What is the total gain in apparel and chemical output that would result from such specialization?c. What are the limits of the terms of trade?d. Suppose that the actual terms of trade are 1,000 units of apparel for 1½ tons of chemicals and that 32,000 units of apparel are exchanged for 48 tons of chemicals. What are the gains from specialization and trade for each nation?

Answers

The opportunity cost for producing 1 unit of apparel is higher for China, therefore China should produce apparel and the US should produce chemicals.

What is opportunity cost?

It should be noted that opportunity cost simply means the real cost of forgone alternative.

Without trade, China was producing 64000 units of apparel and 32 tons of chemicals. After specialization, China produces 144000 of apparel and US produces 144 tons of chemicals.

The gains from trade will be:

= 144000 - 64000

= 80000 apparels

The tons of chemicals will be:

= 144 - 32

= 112 tons of chemicals.

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An investment center has income of $3,000,000 and average assets of $25,000,000. If the company has a target income of 12% of average assets, then residual income for the investment center is:

Answers

Based on the income of the investment center and the average assets, the center's residual income is $0.

What is the residual income for the center?

First find the target income:

= 12% x Average assets

= 12% x 25,000,000

= $3,000,000

The residual income is:

= Income - Target income

= 3,000,000 - 3,000,000

= $0

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A ________ brings buyers and sellers together and facilitates transactions, typically charging a fee after a transaction is completed.

Answers

A ________ brings buyers and sellers together and facilitates transactions, typically charging a fee after a transaction is completed.

A) Cash-and-carry wholesaler

B) Broker

C) Retailer

D) Wholesaler

E) Commission merchant

Answer- B) Broker


Jonathan's father opens a fast food restaurant selling burgers and hot dogs. After a couple of years, Joe's sister designs a logo for the food outlet.
The logo shows a smiling cheeseburger wearing a white cap over the brand name. Everybody liked the design, and now Joe would like to register
the design as their own. How can Joe get the design registered?
A.
as a patent with the United States Patents Office
OB. as a trade secret with the United States Trade Office
OC. as a trademark with the United States Patents and Trademark Office
OD. as a brand name with the United States court of law
OE. as a copyright with the Copyright Office

Answers

Jonathan can get the design registered as a trademark with United States Patents and Trademark Office. Thus, Option C is the correct statement.

What is the importance of a registering a trademark?

Trademarking a logo is a simple process, but important considerations should be made before, during, and after the application filing process.

Logos are a distinct and important business asset that can make an unique impression on customers.

Therefore, in order to protect a logo and its unique identifier(s), business owners should think of trademarking a logo with the United States Patent and Trademark Office (USPTO). Option C is the correct statement.

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Answer:

C

Explanation:

These are the people that will give you the trademark.

2. Why has the online channel been more successful in the computer hardware industry compared with the grocery industry

Answers

The online channel has been more successful in the computer hardware industry compared with the grocery industry Because computer hardware has a lot more useful compared to Groceries.

What is Supply chain management?

Supply Chain Management (SCM) is the process of managing the movement of goods and services from raw product manufacturing to consumer consumption.

To transfer a product through each stage of this process, an organization needs a network of suppliers (who act as links in the chain).

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Which statement is true about third parties in a contract?
OA. They don't need to be specifically named in the contract.
B. They are involved in the offer of the contract.
OC. They can sue if contract performance is not met.
On They're always involved in the acceptance of the contract!

Answers

Answer:

euyecshsud the answer is B !!!

Answer:

the correct answer is C (Sueing, they can sue if the contract is not met.

Explanation:

What should be considered before accepting a job which requires physical labor?.

Answers

What should be considered before accepting a job which requires physical labor is: Working extended hours.

What is physical labor?

Physical labor can be defined as the work perform by a person manually and this type of work are sometimes hard or tedious.

Before accepting a job that has to do with pysical labor the employee should check whether the job has an extended hours as this means that the job schedule is longer than the usual workdays schedule.

Therefore what should be considered before accepting a job which requires physical labor is: Working extended hours.

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The most important advantage to the corporate form of business is:.

Answers

Answer:

limiting the personal liability of its directors toward the company's creditors,

The power the Federal Reserve has to control credit terms on some loans made by banks and other lending institutions is called ______ controls. Group of answer choices selective credit selective debit secure credit demand credit interbank feedback

Answers

The power the Federal Reserve has to control credit terms on some loans made by banks and other lending institutions is selective credit.

What is selective credit?

This refers to the policy of Central Bank related to selective sectors of economy.

It controls the credit terms on some loans made by banks and other lending institutions. This power, called selective credit controls, includes consumer credit rules and margin requirements.

Hence, the power the Federal Reserve has to control credit terms on some loans made by banks and other lending institutions is selective credit.

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After making a decision, Rosario seeks information that confirms the decision was a good decision and ignores conflicting information. This is an example of:

Answers

Rosario seeking information that confirms her decision was a good decision while she ignores conflicting information, is an example of: confirmation bias.

What is a confirmation bias?

A confirmation bias can be defined as the tendency of an individual to search, favor and recall information in such a way that it's consistent, supports and favors one's existing beliefs and decisions.

In this context, an example of confirmation bias would be Rosario seeking information that confirms her decision was a good decision while she ignores conflicting information.

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Henry, an employee at Marine Corp. , is known for his short temper. One morning, he gets into a heated argument with one of his supervisors and responds with hostility. Rather than immediately terminating Henry, his manager, Evelyn, calls him in for a discussion. Evelyn treats Henry with dignity and respect, listening to what he has to say about the incident. This scenario can be best categorized as one that uses

Answers

This scenario can be best categorized as one that uses as Interactional justice. Rather than immediately terminating Henry, his manager, Evelyn, calls him in for a discussion.

What is Interactional justice?

Individuals believe they are being treated fairly when companies provide reasons for decisions and treat employees with dignity, respect, and sensitivity, according to interactional justice.

When a manager practices interactional justice, for example, the person will promote an employee based on experience, merit, and performance.

Thus, it is a case of Interactional justice.

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In the United States, wetlands, formerly called swamps, used to be seen in negative terms as places with no positive values.
a. True
b. False

Answers

Answer:

True

Explanation:

I found the answer online

A firm conducting an IPO of common stock sold 1 million new shares in the offering at an offer price of $10 per share. After the offering, the firm had 5 million shares outstanding, and the price of those shares in the secondary market was $12. The firm's market capitalization is ________.

Answers

The firm's market capitalization after the Initial Public Offering (IPO) with an outstanding shares of 5 million and current market price of $12 is $60 million.

What is market capitalization?

Market capitalization is the value of a firm's outstanding shares based on the current market price.

For this firm, the market capitalization is calculated as $60 million ($12x 5million).

Thus, the firm's market capitalization is $60 million.

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Kensington, Inc. is considering an investment in new equipment. The project has a payback period 3.25 years and its initial cost is $36,000. Determine the missing cash flow from the list below. Year 1: $9,000 Year 2: $12,000 Year 3: $

Answers

The amount of missing cash flow for the year 3 is $12,000 on the amount of investment of $36,000 made by Company K.

What is the payback period?

The payback period is one of the methods of capital budgeting that enables us to know the number of years in which the invested amount gets recovered. It is determined by dividing the cost of investment by the annual cash flows.

Given values:

Amount of investment: $36,000

Cash flow of Year 1: $9,000

Cash flow of Year 2: $12,000

Computation of cash flow for the third year:

[tex]\rm Payback \rm\ period= \rm \ Number \rm\ of \rm \ year \rm \ before \rm \ breakeven + \frac{\rm\ Cumulative \rm\ cash \rm\ flow \rm\ for \rm\ 2nd \rm\ year }{\rm\ Cash \rm\ flow\rm\ for \rm \ third \rm\ year } \\\rm 3.25 \rm\ years= \rm\ 2 \rm\ years + \frac{\$36,000-\$9,000-\$12,000}{\rm\ Cash \rm\ flow\rm\ for \rm \ third \rm\ year } \\\rm Cash\ \rm flow \rm\ for\rm \ third \rm\ year=\frac{\$15,000}{1.25 \rm\ years}\\\rm Cash\ \rm flow \rm\ for\rm \ third \rm\ year = \$12,000[/tex]

Hence, the amount of cash flow for the year 3 come out to be $12,000 by using the payback period formula.

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What is the name of the monetary policy rule that changes interest rates based on a target for the nominal gdp growth rate?.

Answers

The name of the monetary policy rule that changes interest rates based on a target for the nominal gdp growth rate is real GDP targeting.

What is a monetary policy?

It should be noted that a monetary policy are the actions that are taken in order to control the money in circulation.

In this case, the name of the monetary policy rule that changes interest rates based on a target for the nominal gdp growth rate is real GDP targeting.

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Sound and Cinema is a company that will turn an ordinary basement into a home theater. It advertises in publications that are mailed to homeowners in subdivisions in which the least expensive home costs $550,000. These homeowners are the __________ for Sound and Cinema.

Answers

Companies S and C publish advertisements to the subdivision's homeowners where the cost of the house is not much expensive. These homeowners become the target market for Companies S and C.

Who are the homeowners?

The homeowners are the individuals who owned their homes. The owners can take the insurance policy in the name of their respective homes.

The target market is the place where the group of people has the same features which a company has been analyzed to be the most common buyers of a particular product or service. in the provided situation, Companies S and C have identified the homeowners to be their targeted customers as their work is related to home theaters.

Therefore, the homeowners where the cost of a home is minimal at $550,000 become the target market for Companies S and C.

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One difference between a perfectly competitive firm and a monopoly is that a perfectly competitive firm produces where:.

Answers

The major difference is that; a perfectly competitive firm produces has the choice to dictate the number of products to make, whereas a monopoly system has market power.

What is the difference between perfectly competitive firm and a monopoly system.

Perfectly competitive producers are those who can determine how the number of products to be made but not the price at which their output may be sold.

However, a monopolistic system has the power to dictate the price because there is only one producer and numerous customers. Hence, they possess a high market power than the perfectly competitive producers.

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In order to be reported, liabilities: Multiple Choice Must be of a known amount. Are at times estimated if the exact amount is not known. Must have certainty in exactly whom to pay. Always have a definite date for payment. Will always require a future outflow of cash.

Answers

In order to be reported, liabilities, such as contingent liabilities, are at times estimated if the exact amount is not known.

What is contingent liability?

A contingent liability is a possible liability that may arise in the future, like unresolved court cases or product warranties that must be honored.

The liability should be recorded in a company's accounting records if it is expected to arise and it is possible to reasonably estimate the amount.

To guarantee that the financial statements are accurate and compliant with GAAP or IFRS requirements, contingent liabilities are at times estimated and recorded.

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The current yield on a bond is the yearly interest of the bond divided by the cost of the bond at closing. Group startsTrue or FalseTrue, unselectedFalse, unselected

Answers

The statement that the current yield on a bond is the yearly interest of the bond divided by the cost of the bond at closing if false.

What is current yield?

The current yield is also defined as the interest yield or income yield or flat yield or market yield or mark to market yield or running yield.

It is a financial term that is used in quotation to bonds and another fixed-interest securities like golds.

The formula of calculating the current yield are as follows:

[tex]\text{Current Yield} = \dfrac{\text{Annual Interest Earned}}{\text{Current Price of the Bond}}[/tex]

Therefore, the given statement is false.

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A seller wants to break even after the broker’s commission of 5% and loan balance of $300,000 are paid. At what price must the house sell?

Answers

At $315,789 the house must be sold after taking into consideration the broker's commission.

What do you mean by broker’s commission?

A broker’s commission is a brokerage firm employee who is compensated for the number of trades they execute for clients.

These brokers typically earn a percentage of the assets traded by their clients, which means that the more a client trades, the more money they make.

In order to calculate the selling price, we have to start with 100% minus a 5% commission, which is 95% or .95.

Take $300,000 and divide this amount by .95.

This will give the amount or the price at which we can sell the house which is $315,789.

Thus, At $315,789 the house must be sold after taking into consideration the broker's commission.

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An item that requires separate disclosure on the income statement after income from continuing operations is Multiple choice question. discontinued operations. interest expense. research and development costs. restructuring costs.

Answers

An item that requires separate disclosure on the income statement after income from continuing operations is discontinued operations.

What is discontinued operations?

Discontinued operations is a term that describe when an organization shutdown it's operations on somethings and it is a statement that shows previous income statement of the organization because there is no continuous running or operations of a segment of the company.

Therefore, An item that requires separate disclosure on the income statement after income from continuing operations is discontinued operations.

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10,000 kcal of producer could support approximately _____ kcal of tertiary consumer.

Answers

Answer:

The answer is 10.

Explanation:

10,000 kcal of producer could support approximately 10 kcal of tertiary consumer.

According to the _____________, many African Americans live in areas where there has been a reduction in work for low-skilled workers, and African-American men in particular often do not have the skills required to secure work in the current economy.

Answers

According to the b. skills mismatch hypothesis, many African Americans live in areas where there has been a reduction in work for low-skilled workers.

What is the skills mismatch hypothesis?

The skills mismatch hypothesis is an attempt to explain the reduction in work for low-skilled workers, especially African Americans.

The skills mismatch hypothesis argues that skill demands in urban labor markets increase over time.

Unfortunately, African Americans do not have the job skills and educational attainments, unlike other population groups, thereby causing a skills mismatch.

Answer Options:

a. residential segregation theory

b. skills mismatch hypothesis

c. deindustrialization perspective

d. "wage of whiteness" perspective

Thus, according to the b. skills mismatch hypothesis, many African Americans live in areas where there has been a reduction in work for low-skilled workers, and African-American men in particular often do not have the skills required to secure work in the current economy.

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The digital era and social media have caused major problems for businesses, including security breaches and ______.

Answers

The effect of the digital era has caused major problems for businesses such as security breaches and a reduction in productivity in handling e-mails.

What is the effect of the digital era and social media?

The digital era has altered the laws of engagement, personal relationships, business, communications, and how people spend their time.

Social media, on the other hand, has always been connected with gaining more freedom, but it has also driven us to extremes levels of distraction and reliance that have altered how we interact with the world.

In business, the digital era has caused major problems such as security breaches and a reduction in productivity in handling large e-mails volume.

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Answer: The digital era and social media have caused major problems for businesses, including security breaches and false information.

Of the types of insurance discussed in this video which are required by law? Select all that apply. Collison O Comprehensive D Uninsured Motorist SR-22 Personal Injury Protection Bodily Injury and Property Damage Liability​

Answers

The types of insurance that are required by law are Bodily injury and property damage liability and personal injury protection.

What do you mean by Insurance?

Insurance refers to the contract under which an individual is entitled to receive financial protection from the insurance company. Life, health, homeowners, and auto are the common forms of insurance.

These policies are used to hedge the risk of financial losses. The types of insurance required by law are Bodily injury and property damage liability and personal injury protection.

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