Answer:
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Explanation:
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An amount of $4400 will be recognized as accounts receivable, net on the balance sheet as of November 30.
What is accounts receivable?The money that clients owe our business for goods or services for which invoices have been issued is known as accounts receivable. On the balance sheet, current assets are listed as the total amount of all accounts receivable, which includes bills from clients for goods or services provided to them on credit.
First of all, the order received from Douglas High School has not been delivered by the end of November ,hence the value of the order is irrelevant for the purpose of calculating net accounts receivable at the end of November.
However, out of the goods of $5000 sold to Culver Middle School, goods worth $600 has been returned as defective, leaving a balance of $4400 ($5000-$600).
For Culver to be entitled to the discount of 2% they should have made payment by 24th November, which never happened.
Therefore, the balance of accounts receivable will remain at $4400.
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Good Night, Inc., manufactures comforters. The estimated inventories on January 1 for finished goods, work in process, and materials were $51,000, $28,000, and $33,000, respectively. The desired inventories on December 31 for finished goods, work in process, and materials were $48,000, $35,000, and $29,000, respectively. Direct materials purchases were $555,000. Direct labor was $252,000 for the year. Factory overhead was $176,000. Prepare a cost of goods sold budget for Good Night, Inc.
Answer:
Good Night, Inc.
Cost of goods sold budget
Beginning Finished Goods Inventory $51,000
Add Cost of Goods Manufactured $980,000
Less Ending Finished Goods Inventory ($48,000)
Cost of goods sold $947,000
Explanation:
Step 1 : Determine the Direct Materials used in Production
Beginning Materials Inventory $33,000
Add Material Purchases $555,000
Less Ending Materials Inventory ($29,000)
Direct Materials used in Production $559,000
Step 2 : Determine the Cost of Goods Manufactured
Beginning Work In Process Inventory $28,000
Add Manufacturing Costs :
Direct Materials used $559,000
Direct labor $252,000
Factory overhead $176,000 $987,000
Less Ending Work In Process Inventory ($35,000)
Cost of Goods Manufactured $980,000
Step 3 : Prepare the Cost of goods sold budget
Beginning Finished Goods Inventory $51,000
Add Cost of Goods Manufactured $980,000
Less Ending Finished Goods Inventory ($48,000)
Cost of goods sold $947,000
Select the communication type that is being used in the following example.
Two coworkers near the copy machine are discussing the upcoming company meeting.
o external formal communication
o external informal communication
O internal formal communication
O internal informal communication
Thing
Answer:
When the federal government spends more money than it receives in taxes in a ... spending over time in nominal dollars is misleading because it does not take ... defense spending as a share of GDP has generally declined since the 1960s, ... Healthcare expenditures include both payments for senior citizens (Medicare), ...
Explanation:
who is she what’s her product and company??
Answer:Harpo Productions (or Harpo Studios) is an American multimedia production company founded by Oprah Winfrey and based in West Hollywood, California. It is the sole subsidiary of her media and entertainment company Harpo, Inc.
Explanation:
Dummitt, Inc. anticipates sales of 70,000 units, 68,000 units, and 71,000 units in July, August, and September, respectively. Company policy is to maintain an ending finished-goods inventory equal to 30% of the following month's sales. On the basis of this information, how many units would the company plan to produce in August
Answer:
the number of units produced in August is 68,900 units
Explanation:
The computation of the number of units produced in August is presented below:
Sales 68,000 units
Add: ending inventory (71,000 units × 30%) 21,300 units
Less: beginning inventory (68,000 units × 30%) -20,400 units
Production in August 68,900 units
Hence, the number of units produced in August is 68,900 units
The same format should be used
Definition of businnes
Answer:
a person's regular occupation, profession, or trade.
or
the practice of making one's living by engaging in commerce.
Explanation:
Gary Radio Corporation is a subsidiary of Salem Companies. Gary makes car radios that it sells to retail outlets. It purchases speakers for the radios from outside suppliers for $56 each. Recently, Salem acquired the Hyden Speaker Corporation, which makes car radio speakers that it sells to manufacturers. Hyden produces and sells approximately 200,000 speakers per year, which represents 70 percent of its operating capacity. At the present volume of activity, each speaker costs $48 to produce. This cost consists of a $32 variable cost component and an $16 fixed cost component. Hyden sells the speakers for $60 each. The managers of Gary and Hyden have been asked to consider using Hyden's excess capacity to supply Gary with some of the speakers that it currently purchases from unrelated companies. Both managers are evaluated based on return on investment. Hyden's manager suggests that the speakers be supplied at a transfer price of $60 each (the current selling price). On the other hand, Gary's manager suggests a $56 transfer price, noting that this amount covers total cost and provides Hyden a healthy contribution margin.
a. What transfer price would you recommend?
b. Discuss the effect of the intercompany sales on each manager's return on investment.
c. Should Hyden be required to use more than excess capacity to provide speakers to Gary? In other words, should it sell to Gary some of the 200,000 units that it is currently selling to unrelated companies? Why or why not?
Answer:
Salem Companies
a. I recommend a transfer price of $56 per unit (in view of the excess capacity).
b. The intercompany sales at $56 per unit will increase Hyden's return on investment because it will use excess capacity to produce the required units while still selling to outside customers at $60 per unit. With regard to Gary's return on investment, there will be no change as this is the same price it buys from outside suppliers. However, if the price were to be $60 per unit, the return on investment will reduce while skyrocketing Hyden's.
c. Hyden can still sell some of the 200,000 units that it currently sells to unrelated companies at $56 if the outside demand is less than 200,000 units or if Gary will buy at $60 per unit.
Explanation:
a) Data and Calculations:
Purchase price from outside suppliers = $56 each
Production units of Hyden = 200,000
Capacity of Hyden = 285,714
Unit cost at present volume of activity = $48
Variable cost = $32
Fixed cost = $16
Transfer price by Hyden at $60:
Profit per unit = $12 ($60 - $48)
Return on investment = 25% ($12/$48 * 100)
Transfer price at $56 using excess capacity:
Incremental profit per unit = $24 ($56 - $32)
Incremental return on investment = 75% ($24/$32 * 100)
Transfer price at $56 producing below capacity:
Profit per unit = $8 ($56 - $48)
Return on investment = 16.7% ($8/$48 * 100)
Bandar Industries manufactures sporting equipment. One of the company’s products is a football helmet that requires special plastic. During the quarter ending June 30, the company manufactured 35,000 helmets, using 22,500 kilograms of plastic. The plastic cost the company $171,000. According to the standard cost card, each helmet should require 0.6 kilograms of plastic, at a cost of $8 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 35,000 helmets? 2. What is the standard materials cost allowed (SQ × SP) to make 35,000 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance?
Answer:
1. 21,000 kg of plastic
2. $168,000
3. $3000 Unfavorable
4. Materials Price variance $9000 Favaorable
Materials Quantity variance $12,000 Unvaforable
Explanation:
1. Calculation to determine the standard quantity of kilograms of plastic (SQ) that is allowed to make 35,000 helmets
Using this formula
Standard quantity of kilograms of plastic (SQ) = Standard quantity required per helmet x Total no. of helmets
Let plug in the formula
Standard quantity of kilograms of plastic (SQ) = 0.60 kg x 35,000
Standard quantity of kilograms of plastic (SQ) = 21,000 kg of plastic
Therefore The standard quantity of kilograms of plastic (SQ) that is allowed to make 35,000 helmets is 21,000 kg of plastic
2. Calculation to determine the standard materials cost allowed (SQ X SP) to make 35,000 helmets
Using this formula
Standard materials cost allowed (SQ X SP) = Standard quantity required per helmet x Standard cost per kg x Total no. of helmets
Let plug in the formula
Standard materials cost allowed (SQ X SP)= 0.60 x $8 x 35,000
Standard materials cost allowed (SQ X SP)= $168,000
Therefore The standard materials cost allowed (SQ X SP) to make 35,000 helmets is $168,000
3. Calculation to determine the materials spending variance
First step is to calculate the Materials Price variance
Using this formula
Materials Price variance = (AQ × AP) - (AQ × SP)
Let plug in the
Materials Price variance= $171,000 - (22,500 x $8)
Materials Price variance= $171,000 - 180,000
Materials Price variance= -$9,000
= $9000 Favaorable
Second step is to calculate the Materials Quantity variance using this formula
Materials Quantity variance = (AQ × SP) - (SQxSP)
Let plug in the formula
Materials Quantity variance=
Materials Quantity variance= 180,000 - $168,000
Materials Quantity variance=$12,000
Materials Quantity variance= $12,000 Unvaforable
Now let calculate the Materials spending variance using this formula
Materials spending variance = Price variance + Quantity variance
Let plug in the formula
Materials spending variance= -$9,000+ $12,000 Materials spending variance= $3,000
Materials spending variance= $3000 Unfavorable
Therefore Materials spending variance is $3000 Unfavorable
4. Calculation to determine the materials price variance and the materials quantity variance
Calculation for the Materials Price variance Using this formula
Materials Price variance = (AQ × AP) - (AQ × SP)
Let plug in the formula
Materials Price variance= $171,000 - (22,500 x $8)
Materials Price variance= $171,000 - 180,000
Materials Price variance= -$9,000
Materials Price variance= $9000 Favaorable
Therefore Materials Price variance is $9000 Favaorable
Calculation to determine Materials Quantity variance using this formula
Materials Quantity variance = (AQ × SP) - (SQxSP)
Let plug in the formula
Materials Quantity variance= = 180,000 - $168,000
Materials Quantity variance=$12,000
Materials Quantity variance= $12,000 Unvaforable
Therefore Materials Quantity variance is $12,000 Unvaforable
g 10. Problems and Applications Q10 Expansionary fiscal policy is more likely to lead to a short-run increase in investment when the investment accelerator is . True or False: Expansionary fiscal policy is more likely to lead to a short-run increase in investment when the interest rate sensitivity of investment is large than when it is small. True False
Answer:
1. True
2. True
Explanation:
An expansionary gap, also known as the inflationary gap in economics is used to measure the difference between the gross domestic product (GDP) and the current level of real Gross Domestic Products that exists when a country's economy is guaged at a full employment rate. This eventually causes the price of goods and services to go up with a low income level. Also, an expansionary fiscal policy will cause the total increase in aggregate demand to be greater than the initial increase in aggregate demand due to the multiplier process.
Additionally, this simply means in an inflationary or expansionary condition, the potential Gross Domestic Products (GDP) is lower than the real Gross Domestic Products.
The investment accelerator effect states that there is an increase in investment expenditure when there is increase in the level of income or demand. Thus, the level of investment in a particular economy is based on the rate of change in consumption and the gross domestic product (GDP).
Hence, when the investment accelerator is large, there's likely to be a short-run increase in investment due to expansionary fiscal policy. The expansionary fiscal policy is usually less when the the interest rate sensitivity of investment is large and consequently, leading to a greater decline in investments.
For an open economy under a floating exchange rate regime, _________________________.
a.) Monetary policy is highly effective.
b.) Fiscal policy is highly effective.
c.) Monetary policy is ineffective.
d.) B and C.
The ending balance of accounts receivable was $84,000. Sales, adjusted to a cash basis using the direct method on the statement of cash flows, were $369,000. Sales reported on the income statement were $400,500. Based on this information, the beginning balance in accounts receivable was:
Answer: $52500
Explanation:
Based on the information given in the question, the beginning balance in accounts receivable will be calculated thus:
= Ending balance of account receivable + Sales adjusted to cahs basis - Sales reported on income statement
= $84000 + $369000 - $400500
= $52500
Therefore, the beginning balance in account receivable is $52500.
An economy that produces goods and services based on long standing
customs is a
A command economy
D. market economy
c. mixed economy
ОО
D. traditional economy
Answer:c
Explanation:
Unibic India: From Fastest Growing Niche Cookie Brand to a Challenger?
In 2007, Lighthouse Funds acquired a 25% stake in Unibic from Unibic Australia for Rs. 200 million. In 2010,
Unibic Australia started making losses and wanted to withdraw from the Indian market. At that time, Unibic
operated solely in the premium, high-margin cookies segment in India, with a share of around 8%. It had a
market presence primarily in south India and was exporting to the Middle East and Hong Kong. It had strategic
alliances to make cookies for various private players. However, it was not yet making profits and was cash-
strapped...
Over the next few years, Unibic grew rapidly. Its growth was primarily fueled by the changes sweeping through
the Indian biscuit industry, wherein glucose biscuits that had dominated the market, gradually lost out to cream
biscuits and cookies. The reasons for the shift included rising disposable incomes leading to an increase in
consumption of premium biscuits; a larger number of manufacturing facilities of premium biscuits; growing
health awareness; innovation bringing in attractive new products; rising affordability of cookies; and increase
in eye-catching packaging...
Over the years, Unibic regularly introduced fresh and unique flavors, ultimately producing over 30 variants of
cookies. Its products could be broadly categorized into chocolate, butter, milk, savory, and health. The company
considered its target market to be between the ages of 14 and 40. It continued its efforts at innovation and
produced new products which would appeal to its target market...
In 2015, Unibic had used celebrity endorsement by signing on south Indian actor Shruti Hassan, for over a year.
It stated that it wanted someone who was relevant and would give the brand a boost to get to the numbers it
wanted in the South...
Unibic didn’t advertise much in print media; TV remained the company’s core focus and got the largest chunk
of its advertising spend, followed by digital and OOH. Instead of following the traditional strategy of having a
similar marketing campaign across markets, Unibic employed a unique strategy in each market, thereby playing
to its strengths in each market while keeping in mind the market conditions and consumption patterns...
From 2019 onward, Unibic started feeling the heat of the economic slowdown in India. The Indian economic
slowdown of 2019 led to a serious and continuing decline in the country’s real estate, automobile and
construction sectors and in overall consumption demand. The second quarter (July- September) of the financial
year (April 2019-March 2020) witnessed a drastic fall in the gross domestic product (GDP) growth rate to 4.5%.
The main reasons attributed to the fall in the GDP growth rate were – contraction in manufacturing activity,
weakened investments, and lower consumption demand.
As of 2020, Unibic had the largest wire cut cookie manufacturing plant in India. The plant had the capability to
manufacture 100 tonnes of cookies each day, with five production lines. While it used 98% of its production
capability to produce its own brand, the rest was used to manufacture for private label brands – six in India and
10 across the world. It had annual revenu7 es of Rs. 5 billion. It also exported its products to more than 21
countries including across Australia, North America, the UK, and Europe, Asia, the Middle East, and New
Zealand. It derived 45% of its earnings from the south of India.
Questions:
a) Explain three factors that had a negative impact on the financial performance of Unibic in its early years.
(6 marks)
b) Which environmental force did Unibic use in segmenting its market? What is this force about? (6 marks)
c) What does the following statement suggest to you about Unibic: “It continued its efforts at innovation
and produced new products which would appeal to its target market”?
d) Which marketing strategy did Unibic use in 2015 and explain any two (2) reasons why firms adopt that
strategy? (9 marks)
e) What main media did Unibic use to implement its marketing strategy? State one advantage of this media.
(6 marks)
Answer:
Explanation:I want an answer
Toyota is a Japanese company. Would a Toyota factory in Atlanta count as part of the United States' GDP? Why or why not?
Answer:
yes and because atlanta is in georgia united states
Question 2: DuPont method In year 2016, Apple Inc. had profit margin of 27.8% (i.e., it generated 27.8 cents of profit per dollar of sales) and asset turnover of 0.670 (i.e., it generated 67.0 cents of annual sales per dollar of assets). a) The profit margin indicates that Apple has low pricing power -- it cannot charge high prices relative to costs high production efficiency -- it has very low costs high pricing power -- it can charge high prices relative to costs The asset turnover indicates that Apple is extremely efficient in generating assets per dollar of sales extremely efficient in generating sales per dollar of assets relatively inefficient in generating sales per dollar of assets b) Compute Apple's return on investment (ROI) ROI
Answer and Explanation:
a. The profit margin represent that it could charge high prices that should be relative to the cost while on the other hand the asset turnover represent that it is relatively non-efficient for producing sales per asset dollar
b. Now the return on investment is
= Profit margin × asset turnover
= 27.8% × 0.670
= 18.6
The same would be relevant
paid rent 4500and salaries for the month 10000
rent account Dr
to cash account
salaries account Dr
to cash account
Which of the following is the index used to measure changes in gross domestic product?
A) implicit GDP price deflator
B) producer price index (PPI)
C) wage-price spiral
D) consumer price index (CPI)
Answer:
implicit GDP price deflator.
Leisure Lodge Corporation is expected to pay the following dividends over the next four years: $22.00, $15.00, $6.00 and $3.20. Afterwards, the company pledges to maintain a constant 4 percent growth rate in dividends forever. If the required return on the stock is 19 percent, what is the current share price
Answer:
P0 = $45.299899 rounded off to $45.30
Explanation:
The dividend discount model (DDM) can be used to calculate the price of the stock today. DDM calculates the price of a stock based on the present value of the expected future dividends from the stock. The formula for price today under DDM is,
P0 = D1 / (1+r) + D2 / (1+r)^2 + ... + Dn / (1+r)^n + [(Dn * (1+g) / (r - g)) / (1+r)^n]
Where,
D1, D2, ... , Dn is the dividend expected in Year 1,2 and so ong is the constant growth rate in dividendsr is the discount rate or required rate of returnP0 = 22 / (1+0.19) + 15 / (1+0.19)^2 + 6 / (1+0.19)^3 + 3.2 / (1+0.19)^4 +
[(3.2 * (1+0.04) / (0.19 - 0.04)) / (1+0.19)^4]
P0 = $45.299899 rounded off to $45.30
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provide two reasons why public participation is important for people experiencing lack of basic services
Answer:
the main aim of public participation is to encourage the public to have meaningful and put into decision making process public participation does provide the opportunity for communication between agencies making decisions and the Public's public participation can be time-consuming and sometimes expensive don't know if this helps but good luck
A firm manages its inventory with an order-up-to level (i.e., a base stock level). The review period is one day (so the manager makes an order every day), the lead time is two days, and the order-up-to level is 10. Suppose its inventory position at the start of a day (before it submits an order for that day) is -4. Which of the following statements is definitely true? Group of answer choices Demand was four units yesterday. Demand was 10 units yesterday. The firm manager should order 14 units today. The firm manager should order 10 units today.
Answer: The firm manager should order 10 units today
Explanation:
Based on the information that have been given in the question, we should note that the number of units in order before it orders today will be 14.
Also, since the order up to level is 10, it simply means that the firm manager cannot order more than 10 units per day which means that option C of 14 units is Incorrect.
The correct answer will be that the firm manager should order 10 units today.
Central Park Inc. is a company that sells women's clothing. It recently shut down its physical store and is operating as an app-based store now. The app allows users to access the store's products anytime and anywhere using their cell phones, and it also has features that allow users to compare the prices of similar products across different online stores. This scenario exemplifies _______. a. dual distribution b. a drop and shop program c. M commerce d. multichannel marketing
Answer:
c. M commerce
Explanation:
Since in the given situation it is mentioned that it recently shut down its physical store and operate now on app-based. In this the user could access at any time and anywhere via cell phones also it give the benefit to compare the prices
So this represent the m-commerce means mobile commerce. Users can operate it any time at anywhere without any use of laptop or desktop.
Assume Zap Industries reported the following adjusted account balances at year-end. 2019 2018 Accounts Receivable $ 2,496,320 $ 1,937,472 Allowance for Doubtful Accounts (126,400 ) (103,360 ) Accounts Receivable, Net $ 2,369,920 $ 1,834,112 Assume the company recorded no write-offs or recoveries during 2019. What was the amount of Bad Debt Expense reported in 2019
Answer: $23,040
Explanation:
Based on the information given in the question and assuming the company recorded no write-offs or recoveries during 2019, the amount of Bad Debt Expense reported in 2019 will be the difference between the ending balance of the allowance account and the beginning balance of the allowance account. This will be:
= $126,400 - $103,360
= $23,040
Therefore, the correct answer is $23,040
SOMEONE PLEASE HELP I WILL GIVE BRAINLIEST
Answer:
Can you paste it?
Explanation:
Tidewater, Inc., requires its job applicants to take a test that measures their vocabulary and numerical skills. For specific jobs, the company also requires its applicants to perform a sample of the job. Before implementing the tests, the management analyzes how well the test actually correlates and predicts job performance. When Tidewater needed to downsize, the company helped employees who were laid off to get placed in other organizations, and immediate supervisors talked to the employees about the reasons for their dismissal. When the job applicants for specific jobs are asked to execute a sample of the job, the company is utilizing a(n) ________ test.
Answer: performance
Explanation:
When the job applicants for specific jobs are told to perform a sample of the job, this implies that the company is using a performance test.
Performance test simply refers to a test that requires the individuals partaking in it to perform an activity using their skills, ability and knowledge.
On September 1, Home Store sells a mower (that costs $260) for $560 cash with a one-year warranty that covers parts. Warranty expense is estimated at 12% of sales and is recorded at the time of the sale. On January 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $39 in materials taken from the Repair Parts Inventory. Prepare the September 1 entry to record the mower sale (and cost of sale) and the January 24 entry to record the warranty repairs. (Round your answers to 2 decimal places.)
Answer:
25
Explanation:
What are the answers to the management quiz 13,14,15, and 16
Answer:
The question is not quiet clear? Would you explain a bit more please?
You own a portfolio equally invested in a risk-free asset and two stocks. If one of the stocks has a beta of 1.12 and the total portfolio is equally as risky as the market, what must the beta be for the other stock in your portfolio
Answer:
Beta for the other stock = 1.88
Explanation:
A portfolio is said to be as risky as the market where its beta is exactly equal to 1. A beta of greater than 1 implies the portfolio is riskier than the average market, and less risky where the beta is less than 1.
A portfolio that has an equal proportion of three asset would mean a weight of 1/3 for each asset
So we can represent the portfolio beta as follows:
1 = 1/3×(0) + 1/3× (1.12) + 1/3×y
1= 0.37 + 0.33y
0.33y = 0.626
y= 0.626/0.33
y= 1.88
Beta for the other stock = 1.88
Engler Company purchases a new delivery truck for $55,000. In addition, the sales taxes are $4,000. Engler also paints on the logo of the company on the side of the truck for $1,600. The truck license is an additional $160. The truck also undergoes a one-time safety testing for $290. Finally, the truck also requires a tune up and oil change for $500. What does Engler record as the cost of the new truck
Answer:
$61,390
Explanation:
Calculation to determine What does Engler record as the cost of the new truck
Using this formula
Cost of new truck=Purchase price+Sales tax, painting +Logo on the side of the truck +Safety testing +Tune up and oil change
Let plug in the formula
Cost of new truck=$55,000 + $4,000 + $1,600 + $290 +$500
Cost of new truck= $61,390
Therefore what Engler will record as the cost of the new truck is $61,390
what similarities does Free trade and Protectionism have?
Answer:
Protectionism is the restriction of trade with other nations in order to protect domestic firms.Free trade is the elimination of barriers to trade to create large open markets for goods and services.
Explanation:
Answer the following questions about the tax multiplier: Instructions: In parts a and b, round your answer to 2 decimal places. In part c, enter your answers as a whole number. If you are entering a negative number include a minus sign. a. Suppose the marginal propensity to consume (MPC) for a nation is 0.9. What is the tax multiplier for this nation
Answer: -9
Explanation:
The Tax multiplier of a nation shows how much the aggregate demand of an economy will change if there is a change in taxes.
It is calculated by the formula:
= -MPC / ( 1 - MPC)
= -0.9 / (1 - 0.9)
= -9
If taxes are reduced, aggregate demand would increase by 9 times.
Fred is a car owner with automobile insurance with coverage only for accident liability. Choose the statements that accurately
describes the out-of-pocket costs to Fred for an accident that was determined to be Fred's fault.
A)
Fred must pay for the damages to the car with which he was in an accident
B)
Fred must pay for the damages done to his own car resulting from the
accident
Fred must pay for the bodily injuries to the other driver involved in the
accident
Fred must pay for any increases to his insurance premium occurring due to
the accident
D)
E)
Fred must pay for any of his own medical bills not covered by his own
health insurance resulting from the accident.
Answer:
B) Fred must pay for the damages done to his own car resulting from the accident.E) Fred must pay for any of his own medical bills not covered by his own health insurance resulting from the accident.Explanation:
Fred has insurance coverage for only accident liability. This means that his insurance will only pay for damage to the other party in the accident if it was Fred's fault and they will not cover Fred's own expenses.
Fred must therefore pay for damages done to his own car because his insurance will not cover that. Any medical bills that he incurs as a result of the accident that his medical insurance does not pay for will also have to be paid by him.