Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. rusty reft, who lives in territory 5, carries 10/2

Rusty Reft, who lives in Territory 5, carries 10/20/5 compulsory liability insurance along with optional...

70.2K

Verified Solution

Question

Accounting

Rusty Reft, who lives in Territory 5, carries 10/20/5 compulsory liability insurance along with optional collision that has a $300 deductible. Rusty was at fault in an accident that caused $1,900 damage to the other auto and $2,600 damage to his own. Also, the courts awarded $13,300 and $8,700, respectively, to the two passengers in the other car for personal injuries.

a. How much will the insurance company pay? Amount paid $

b. What is Rustys share of the responsibility? Amount paid $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Book Name: Principles of Managerial Finance - 180 Day Option, 14th Edition Define the term finance and...

Psychology
1.2K views

Scenario: A 45-year-old patient is poorly progressing in his rehabilitation treatment. He appears depressed and hardly...

Physics
1.2K views

A source of sound with natural frequency moves uniformly along a straight line A stationary...

Basic Math
1.2K views

Find the real solutions of the equation.|2x+9|=9Select the correct choice below and fill in any...

Statistics
1.2K views

Choose all of the true statements below Select all that apply The more coffee a...

Calculus
1.2K views

Find the interest earned at 5 compounded continuously for two years by a continuous income...

Algebra
1.2K views

Choose the graph of y log 5 x 1 2 5 b 32 6 5...

Accounting
1.2K views

Customer relationship management systems hold great promise, but their usefulness is determined by the amount...

Accounting
1.2K views

The accounting records of Water's Appliances included the following balances at the end of the...

Accounting
1.2K views

Business has been slow so you did not pay the bank the $20,000 that was...

Accounting
1.2K views

11. Which of the following describes offshoring? A. Laying off all employees working in a...

Accounting
1.2K views

write a paper with APA style about political factors that affect on canadian tire company...