Your home and property have a market value of $240,000. To meet the coinsurance provision, you would need at least ________ of insurance

A) $144,000
B) $168,000
C) $192,000
D) $216,000
E) none of the above

Answer: C

Business

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Which is a true statement regarding the accounting equation?

A) The equation can be stated as assets minus liabilities equals equity. B) The equation consists of three parts: assets, liabilities, and net income. C) The equation is an optional tool for accountants to use. D) The equation does not need to balance during a specific period.

Business

Provide examples and discuss the differences between direct and indirect costs

What will be an ideal response?

Business