Answer:
$64,000
Explanation:
If the policy only covered $80,000 and it also had a coinsurance of 80%, then the insured ill receive: $80,000 x 80% = $64,000
The purpose of coinsurance is to lower the premiums by sharing the risks between the insured and the insurance company. In this case, the insured shares 20% of any risks that the property might suffer and the insurance company covers the remaining 80%. The higher the percentage of the coinsurance, the lower the premium, but the risk for the insured increases.
Answer:
Executive Branch: Affirmative Action, Oil Pipeline, Equal Employment
Judicial Branch: Labor Relations, Best Buy, Starbucks
Legislative Branch: Ford, Education, Retirement
Answer:
A. T Account balance $19,100
B. $31,600
C.$31,600
Explanation:
Sarah Simmons Enterprises
A.
T-account account
Dr Cr
Dr C/o 10500 Cr Beginning balance 29,600
Cr C/o 10500
Cr Balance 19,100
b.
Simmons enterprise retained earnings ending balance will be:
Retained earnings 29,100
Less Dividends 10,500
Balance 19,100
Add (10,500+2,000) 12,500
Balance 31,600
C. Ending balance of Simmons, Capital will be 31,600 just as in ( b) where the retained earnings ending was 31,600