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RoseWind [281]
3 years ago
10

James purchased liability insurance with a $100,000 limit from insurer A. To add more coverage, he bought a second liability pol

icy with a $150,000 limit from insurer B. When a $60,000 loss occurs and losses are settled on a pro-rata basis, how much will each insurer pay?
Business
1 answer:
padilas [110]3 years ago
8 0

Answer:A. $24,000

B. 36,000

Explanation:

The loss incurred by James is less than his coverage with each of the insurer.

The sum is apportioned on pro rata basis on the ratio of total insured.

$100,000 + $150,000=$250,000

A share is $100,000/$250,000/* $60,000

A= $24,000

B= $100,000/$250,000*$60,000

= $36,000

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Question 7. The corporate charter of Gagne Corporation allows the issuance of a maximum of 100,000 shares of common stock. Durin
ANTONII [103]

Answer:

Share Authorized = 100,000 Shares  

Share issued = 70,000

Share outstanding = 66,000 shares

Explanation:

Data provided in the question:

Number of shares Gagne Corporation allows the issuance = 100,000 shares

Number of shares Gagne sold to shareholders =  70,000

Number of shares reacquired by Gagne = 4,000

Now,

Share Authorized = Number of shares Gagne Corporation allows the issuance

= 100,000 Shares  

Share issued = Number of shares Gagne sold to shareholders

= 70,000

Share outstanding = Shares issued - Number of shares reacquired

= 70,000 - 4,000

= 66,000 shares

6 0
3 years ago
Your reference price will become more accurate and reflect real prices whena.) you have consulted your friends, family and colle
11Alexandr11 [23.1K]

Answer:

The correct answer is letter "D": you have experience related to the product.

Explanation:

The reference price is the price buyers are willing to pay for a given good or service based on different features of the product such as quality, availability and the type of need it satisfies compared to what competitors can offer.  

<em>The real price of the product is considered adding the value individuals can provide to the good or service based on the interaction they have had with similar items</em>. Quality information might influence the reference price to be set.

7 0
2 years ago
Jenkin's, a large retail store, has lately been experiencing issues with sales and has lost a lot of customers. Bobby is hired t
Arturiano [62]

Answer: Task-oriented leader

Explanation: In a task leadership strategy, the leader focuses only on the task that needs to be completed. This is a performance oriented approach. While using this approach the manager strictly tries to make his employees to adjust on the working environment.

In the given case, Bobby is a tough leader and do emphasize on the tasks and takes less care of his employees needs and preferences.

Thus, we can conclude that bobby is a task oriented leader.

8 0
2 years ago
You would like to buy shares of International Business Machines (IBM). The current bid and ask quotes are $103.25 and $103.30, r
Vanyuwa [196]

Answer:

$20,650.00

Explanation:

In the equity market, when shares are being bought there are usually bids submitted that will determine the buying price, so bid price is the price at which a share is bought. In this case it is $103.25.

When selling shares the price at which it is sold is the ask price.

Therefore the price for buying the IBM shares= Bid price* Quantity

= 103.25 * 200= $20,650

5 0
2 years ago
Read 2 more answers
Can you help me with my map test please?..!!
andrew11 [14]

Answer:

The answer is 2 the thick tree branches had shiny red apples hanging from them

6 0
2 years ago
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