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RSB [31]
3 years ago
6

A commercial building with a market value of $200,000 has an insurance policy with an 80 percent coinsurance clause. The owner c

arried $120,000 of insurance and sustained a covered loss of $60,000. What amount of the loss would be covered by the insurance company
Business
1 answer:
RideAnS [48]3 years ago
8 0

Answer:

$45,000

Explanation:

In this case the market value is $200,000 but the policy limit is only $120,000, with a coinsurance of 80%.

Since the amount of loss = $60,000, the insurance company will pay:

(stop limit / value) x loss = ($120,000 / $160,000*) x $60,000 = 0.75 x $60,000 = $45,000

*the $160,000 value is determined by multiplying the fair market value of the property times the coinsurance = $200,000 x 80% = $160,000

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Which statement best summarizes the law of demand ?
Verizon [17]

Answer:

The answer is D

Explanation:

6 0
3 years ago
A warewashing machine and/or the compartments of sinks/basins must be cleaned:
Stolb23 [73]
On a day to day bases, as well with non harmful cleanser
5 0
4 years ago
Eric works at an electronics store in a mall. Eric doesn't like to work hard, and it costs him $100 to do so. Eric's employer ca
SCORPION-xisa [38]

Answer: work hard; $65; less; $85

Explanation:

The following can be deduced from the question:

The Expected profit from working hard will be:

= (90% × $200) + (10% × $50)

= (0.9 × $200) + (0.1 × $50)

= $180 + $5

= $185

Then, the profit will be the difference between revenue and coat which will be:

= $185 - $100

= $85

Then, the expected profit from shirking will be:

= (90% × $50) + (10% × $200)

= (0.90 × $50) + (0.10 × $200)

= $45 + $20

= $65

Then, the profit will be:

= $65 - $0

= $65

Eric will (work hard) because the net gain of ($65) from shirking is (less) than the net gain of ($85) from working hard.

7 0
3 years ago
Point x on a linear production possibilities curve represents a combination of 50 watches and 20 clocks, and point y represents
Veronika [31]

Based on the coordinates of point x and those of point y on the linear production possibilities curve, the opportunity cost of producing one watch is 2 fewer clocks.

<h3>What is the opportunity cost of producing one watch?</h3>

The opportunity cost of producing one watch is the number of clocks that needs to be given up per watch.

This will therefore be the slope of the linear production possibilities curve which can be found as:

= (Y₂ - Y₁) / (X₂ - X₁)

Solving gives:

= (80 - 20) / (20 - 50)

= 60 / -20

= -2 clocks

This means that for every watch produced, there will be 2 clocks that will be foregone to make that watch.

In conclusion, the opportunity cost is 2 clocks.

Find out more on opportunity cost at brainly.com/question/481029.

#SPJ1

4 0
2 years ago
Which of the following is true of a person with a high credit score?
dsp73
Your credit score is used as indicator of your creditworthiness. This means how likely you are to pay off debts and other financial obligations. A person with a high credit score should have a high credit worthiness, or likelihood to be responsible with credit.

A person who pays bills on time has demonstrated that she takes her financial obligations seriously, and this trait positively affects her credit score. The answer is A. 

B and C would most likely be associated with a person with a low credit score, since they demonstrate lower creditworthiness. 
5 0
3 years ago
Read 2 more answers
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