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Mars2501 [29]
3 years ago
5

5. Todd has his home and personal property insured under a Homeowners 3 (special form) policy. The dwelling is insured for $120,

000. The replacement cost of the home is $200,000. Indicate the extent to which each of the following losses would be covered under Toddâs Homeowners 3 policy. (Ignore the deductible.)
Lightning strikes the roof of the house and severely damages it. The actual cash value of the damaged roof is $10,000, and it will cost $16,000 to replace the damaged portion.A living room window is broken in a hailstorm. The drapes are water stained and must be replaced. The actual cash value of the damaged drape is $400. Replacement cost is $600.The water heater explodes and damages some household contents. The actual cash value of the damaged property is$2000, and the cost of replacing the property is $3200.
Business
2 answers:
Aloiza [94]3 years ago
8 0

Answer:

Explanation:

Given Data;

The dwelling is insured for $120,000

The replacement cost of the home is $200,000

The question is answered based on home owners 3 policy.

a) All risk form

b)Protection against all perils except flood, earthquake, war and nuclear accident.

1) The sum of $10,000 is the receivable amount  for loss

2)The sum of $400 which is the cash value of damaged drape is the payable loss.

3) The sum of $2000 which is the actual cash value of the damaged property is the payable loss.

Fantom [35]3 years ago
3 0

Answer:

Explanation:

a). The highest point of the house was hurt. It will be made sure about under Part A . The most outrageous proportion of game plan is $120,000. The cash estimation of hardship is $10,000. In this manner, the dollar whole receivable for adversity is $10,000.  

b). The damage of window of the parlor will be made sure about under Part A course of action. The cash estimation of the damages is $400. From this time forward, the dollar proportion of mishap payable is $400.  

c). The damages on account of impact of water radiator will be made sure about under Part C, singular property hurt. The most outrageous proportion of hardship will be half of inclusion A. The most extraordinary proportion of consideration will be $60,000 (half of $120,000). In any case, the genuine cash estimation of the incident is $2,000. In this way, the dollar proportion of setback will be $2,000

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Grameen Bank extends credit to the very poor to give them the opportunity to build better lives. Other businesses target poor pe
Dvinal [7]

Explanation:

Grameen bank is one of the pioneers in the world of Micro Finance Institutes, which not only provides the poor with access to financial capital but also helps them build a better business which allows them to escape from the poverty cycle. This lead to an overall upward economic movement in the society, improving the economic condition of a country as a whole. Through these micro finance loans, a number of SMEs (Small and Medium Enterprises) emerges which further provide employment opportunities to other people thus starting a virtuous cycle of economic growth.

As the economic condition of the poor becomes better, these poor people inturn becomes customer for these business for other products thus being a huge source of profit.

8 0
2 years ago
The Inferior Goods Co. stock is expected to earn 13% in a recession, 7% in a normal economy, and lose 6% in a booming economy. T
Natalka [10]

Answer:

Ans. The expected rate of return on the Inferior Goods Co. stock is 5.90%

Explanation:

Hi, you just have to multiply the expected earnings by the probability of occurance of a certain event and then add up all the products. Here is the information all organized to be processed.

Item                  Prob Earn

Booming           20% -6%

Normal           55% 7%

Recession   25% 13%

Ok, now let´s calculate the expected rate of return.

ExpectedReturn=(0.2*(-0.06))+(0.55*0.07)+(0.25*0.13)

ExpectedReturn=-0.012+0.039+0.033=0.059

So the expected rate of return of the stock is 5.90%

Best of luck.

8 0
2 years ago
You have responsibility for economic policy in the country of Freedonia. Recently, the neighboring country of Sylvania has cut o
garik1379 [7]

Answer: C) Otto

Explanation: Unlike the general perception evidenced in the research, having inflation is not a negative event. In fact, enjoying constant and controlled price increases is a sign that the demand for households is good, which translates at the same time into a greater need for production which ultimately results in economic growth.

8 0
3 years ago
Unavoidable fixed costs are __________.
allsm [11]

Answer:

Irrelevant to the decision of whether to discontinue a product line because they will not differ between alternatives.

Explanation:

Unavoidable fixed costs can be defined as the costs that is sustained by an organization irrespective of if an activity is carried out or not.

Unavoidable costs are the costs that are encountered by a lot of businesses, this cost cannot be prevented even though production activities in the company are suspended in the short-run. These fixed costs are unavoidable and uncontrollable.

Unavoidable fixed costs is as a result of the various risks incurred by an organization inorder to stay relevant in the market. Example of unavoidable costs include tax payment, rental payments.

4 0
3 years ago
To find out more about the pros and cons of a product, it is often a good idea to study the behavior of the individuals or group
Natalija [7]

Answer:

Copy Testing

Explanation:

Copy testing is a market research analysis method that utilizes the consumers' responses , behavior and feedback to determine the effectiveness and relevance  of an advertisement.

This method reveals a great deal of information about the pros and cons of a particular product through the analysis and study of individuals or group of users.

It addresses media channels like the internet and social media ,  television radios and others.

5 0
3 years ago
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