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Ne4ueva [31]
3 years ago
12

ABC Company insured its building on a replacement cost basis for $700,000 under a property insurance policy that included an 80%

coinsurance clause. The building had a replacement cost of $1 million when it sustained a $40,000 loss. How much will ABC Company receive from its insurer, assuming no deductible applies?
Business
1 answer:
Rama09 [41]3 years ago
3 0

Answer:

$35,000

Explanation:

Given that

Insurance = $700,000

Sustained cost = $40,000

Replacement cost = $1,000,000

Policy = 80%

The computation of amount eligible for payment is as shown below:-

Insurance required = Cost of building × Co insurance

=$1,000,000 × 0.80

= $800,000

The amount eligible for payment = (Insurance Carried ÷ Insurance Required) × Loss

= $700,000 ÷ ($1,000,000 × 80%) × ($40,000)

= $700,000 ÷ $800,000 × $40,000

= 0.875 × $35,000

= $35,000

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So all you do it go to the answer key a question like that
6 0
2 years ago
Bianca, a manager at Glass Eye Inc., leads a team of 20 employees. Veronica is Bianca's least preferred coworker as she finds Ve
Hoochie [10]

Answer:

As Veronica is non-cooperative that means she doesn't care for the team so In this scenario, Veronica has a task-oriented leadership style.

Explanation:

Relationship-Oriented Leadership:

Such leadership style in which the leaders focus more on the team especially for the motivations of members of his team and their well being. As Veronica doesn't show positive attitude towards the team so she doesn't has this style.

Country Club Leadership:

In this leadership style, leaders are more concerned about the happiness of their teams rather than results as they believe if their team mates are satisfied then they can achieve their goals in an efficient way.

Task-Oriented Leadership:  

In this leadership style, leadership are focusing on the task and goals rather than their team members (creativity, motivation and well being of team members) like in our scenario Veronica has task oriented leadership.

Team Management:

It is defined as the quality of an individual or an organization to manage their team members in order to work efficiently to achieve their set goals. It involves the coordination and communication of all the team members and results in the alleviation of conflicts and strong bonding of team.

8 0
3 years ago
Belinda Herrera purchased a $5,000 bond at the quoted price of 94.125. The bond paid interest at a rate of 6%. What is the annua
belka [17]

Answer:

6.37%

Explanation:

Annual yield is the annual dividend yield of a bond.

Formula for annual yield = Annual dividend amount / Current price of the bond

Annual dividend amount = Annual interest rate * Face value

= 6% * $5,000

= <u><em>$300</em></u>

Current price = 94.125 means that the bond price is 94.125% of the Face value

Current price = 0.94125* 5000 = <u><em>$4,706.25</em></u>

Therefore, annual yield = 300/4,706.25 = 0.0637 or 6.37%

4 0
3 years ago
According to Piaget, children in the preoperational stage are able to Group of answer choices reason abstractly and test hypothe
Olenka [21]

Answer:

represent objects with words and images

Explanation:

The preoperational stage occurs is the second stage of Piaget's theory of Cognitive Development. Here, the child becomes familiar with the use of symbols. This also helps in the development of the child's language skills.

The child starts to understand the concept of thinking. This is known as meta-cognition. The ability of the child to represent objects with words and images is integral in the learning and use of language.

Hence, the answer is represent objects with words and images.

5 0
3 years ago
Which of the following is correct with respect to Debt Service Funds?
Verizon [17]

Answer:

C. Debt service funds account for and report financial resources that are restricted, committed or assigned to expenditure for principle and interest for governmental debts except debt of proprietary and fiduciary funds who account for their own interest and principle payments.

Explanation:

Debt service funds are used to pay for principal and interest on certain types of debts. This reduced the risk of debt security that investors face and also reduces the effective rate at which the offering can be sold.

However debt service funds cannot be used for proprietary funds like 400 and 500.

Instead we use Enterprise funds for 400. That is operations similar to corporate enterprise. For example water and sewage utilities.

Internal service funds for 500 used by other funds or departments bin a government in a cost reimbursement basis. For example a food supplier that takes orders and is reimbursed for each order.

5 0
3 years ago
Read 2 more answers
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