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BaLLatris [955]
3 years ago
9

If Carissa Dalton has a $136,000 home insured for $105,000, based on the 80 percent coinsurance provision, how much would the in

surance company pay on a $8,600 claim?
Business
1 answer:
Andrei [34K]3 years ago
5 0

Answer:

$ 8299.632

Explanation:

Given data in the problem:

The value of the home = $ 136,000

The insured amount of the house = $ 105,000

80% coinsurance provision = 0.8 × $ 136,000  = $ 108,800

Claimed amount = $ 8,600

Therefore, the claimable amount =  8600\times(\frac{105000}{108800})

= $8299.632

hence, the amount the insurance company will pay = $ 8299.632

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It is unlawful for a person to act as a real estate agent unless such person is legally associated
ipn [44]

Answer:

a licensed real estate broker

Explanation:

A "real estate agent" is a<em> licensed individual</em> who works by buying and selling properties. In order to practice this profession, he needs to associate himself that he's working under a<em> brokerage. </em>

The person can lawfully do his work as a real estate agent, provided that the <u>real estate broker he's working for has a license.</u> If the broker doesn't have a license, then it's considered illegal.

So to speak,<u> the real estate agent functions like a salesperson.</u>

3 0
3 years ago
Which of the following refers to a set of rights to control a tangible or intangible thing?
Lyrx [107]

Answer:

a) Property

Explanation:

A property right is the exclusive or sole authority which determines the legal ownership of tangible and intangible resources and how these resources are to be used, whether by individuals or government.

Basically, properties can either be owned by the government, an individual or business entity. Some examples of a property include cars, land, houses, machines, books, inventions, mobile phones, ideas, birds, etc.

Hence, property rights refers to a set of rights to control a tangible or intangible thing.

6 0
3 years ago
ne of the most common mistakes new business owners make is A. not establishing a good relationship with a financial institution.
SCORPION-xisa [38]
One of the most common mistakes new business owners make is C. setting unrealistic goals
As a new business owner, you have to determine your goal for your business which is achievable.
3 0
3 years ago
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Each month the Census Bureau carries out the Current Population Survey (CPS) (which has been carried out every month since 1940)
katovenus [111]

Answer:

a) 60,000

Explanation:

The Current Population Survey(CPS) contacts a representative sample of 60,000 people of age 15 and above every month in order to make an inferential assumption about the US population as a whole.

7 0
3 years ago
Wilson states, "Culture is important to me. Our culture is based on accountability, camaraderie, and results. I’ve moved from fi
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Answer:

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Explanation:

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Self nurturing entrepreneurs are those entrepreneurs who have immense self belief and who back their views and business ideas.

In the given case, Wilson has learnt from his experiences, the importance of organizational culture and what it stands for. Here Wilson depicts the trait of learning along on his own and being self taught. This displays the attribute of self nurturing.

6 0
3 years ago
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