1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
oksian1 [2.3K]
3 years ago
13

5 An insured has four separate but identical policies written by different insurers to cover her $100,000 building. Each policy

is written for $100,000, and each has the pro rata liability other insurance clause. In the event of a total loss to the building, what would each insurer pay?
Business
1 answer:
qaws [65]3 years ago
5 0

Answer:

each policy will pay $25,000 of the loss

Explanation:

Based on the scenario being described within the question it can be said that the each policy will pay $25,000 of the loss. This is an equal share for each policy and is due to them having the pro rata liability clause. This clause states that a policy is only liable for an equal percentage of the loss if the insurer has other policies from other companies. As in this case.

You might be interested in
Other things the same, if the expected return on U.S. assets increased (e.g. higher interest rate), the a. supply of dollars in
harina [27]

Answer:

b. supply of dollars in the market for foreign-currency exchange shifts left

Explanation:

In the case when the expected return on the US assets should be rise while keeping other things constant so it reduced the dollar supply because the investors in US would begins switching the international investment to the domestic due to this it reduced the supply. This cause to shifting the supply curve to the left

Therefore the option b is correct

8 0
3 years ago
Which of the following are true statements about T-bills? I. T-bills typically sell in denominations of $10,000 II. Income earne
lakkis [162]

Answer:

iii.Income earned on T-bills is exempt from state and local taxes.

Explanation:

Some staes might require that require that income earned from T-bills be reported regardless of the tax exempt status.

7 0
3 years ago
SKRAM Corporation is appealing directly to the shareholders of IDNIC Corporation to acquire shares of IDNIC stock. This appeal i
soldi70 [24.7K]

Answer:

A hostile takeover with IDNIC corporation as the target company.

Explanation:

Since SKRAM is appealing directly to shareholders of IDNIC to acquire stocks of IDNIC corporation, it means they have a target of getting them to have a certain percentage of ownership in IDNIC because owning a stock in a company means having a percentage of ownership in that company.

This kind of appeal can be likened to trying to an aggressive push to make the shareholders take over the IDNIC corporation.

5 0
3 years ago
After researching the competitors of EJH​ Enterprises, you determine that most comparable firms have the following valuation​ ra
Vera_Pavlovna [14]

Answer:

The range consistent with both sets would be $34.00 to $37.40. This includes the smallest value that is within both the P/E and EV/EBITDA ranges ($34) and the highest value within both ranges ($37.40)

4 0
2 years ago
Maren received 10 NQOs (each option gives her the right to purchase 10 shares of stock for $8 per share) at the time she started
MAVERICK [17]

Answer:

$500 gain and $185 tax

Explanation:

Sale of share = No. of  NQOs × No. of shares  × Selling price per share

                      = 10 × 10 × $20

                      = $2,000

Basis = No. of  NQOs × No. of shares  × share price @$15

         = 10 × 10 × $15

         = $1,500

Gain realised = Sale of share - Basis

                      = $2,000 - $1,500

                      = $500

The tax is calculated as follows:

= Gain realised × marginal tax rate

= $500 × 37%

= $185

4 0
3 years ago
Other questions:
  • Spalding Pointers Corporation expects to begin operations on January 1, year 1; it will operate as a specialty sales company tha
    7·1 answer
  • Raner, Harris, & Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm
    10·1 answer
  • Two technicians are discussing front-wheel drive (FWD). Technician A says that the FWD pulls the weight, making it more suitable
    9·2 answers
  • When preparing the statement of cash flows using the indirect​ method, a decrease in current liabilities is added to the net inc
    6·1 answer
  • Green Energy​ Inc., is a manufacturer of wind turbines. In the annual​ meeting, the directors are discussing the next​ year's op
    5·1 answer
  • What are the three legal forms of business organization? What are the advantages and disadvantages of each one
    6·1 answer
  • A client of yours has heard about private equity investing from some wealthy friends and asks you, the registered representative
    12·1 answer
  • Cassandra is 80 years old. Last month, she broke her leg while biking with her grandchildren. She was admitted to a hospital for
    10·2 answers
  • List the steps in allocating costs to operating departments and preparing departmental income statements, with the first step on
    10·1 answer
  • "Spin" boils down to outright lying in order to cover up what actually happened in a situation.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!