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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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Artyom0805 [142]

Answer:

The federal funds rate is the rate at which banks borrow money overnight. When the Fed wants to stimulate the economy, it will lower the short-term funds borrowing rate. In response, banks typically lower the interest rates they charge to consumers for a variety of loans.

6 0
3 years ago
Which type of satisfaction describes whether an employee is satisfied with aspects such as pay, benifits, and job tasks?
olga2289 [7]

Cognitive job satisfaction measures how satisfied employees are with certain aspects of their work, such as: B. Wages, Working Hours, or Social Security.

Job satisfaction is defined as an employee's satisfaction with their job. This goes beyond day-to-day operations and covers satisfaction with team her members/managers, satisfaction with company policies, and the impact their work has on employees' personal lives.

There are two levels of job satisfaction: effective job satisfaction and cognitive job satisfaction. Effective job satisfaction refers to an individual's overall emotional response to work. Cognitive job satisfaction measures how satisfied a person is with their job.

Job satisfaction measures how satisfied, comfortable, or content a person is with their job. It is the pleasant or positive emotional state that results from evaluating one's work and work experience.

Learn more about satisfaction at

brainly.com/question/584434

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7 0
2 years ago
You have $7,500 to deposit. Regency Bank offers 15 percent per year compounded monthly (1.25 percent per month), while King Bank
stiks02 [169]

Answer:

<em>The investment will be worth $94,547 in the Regency Bank and $26,625 in the King Bank</em>

Explanation:

<u>Compound and Simple Interest</u>

The main difference between simple and compound interest is the fact that in the simple interest, each amount earned by period of investment, is withdrawn from the account. This means that each new period of investment starts with the same principal P. The formula to compute the final value is

FV=P(1+rt)

Where r is the interest rate and t is the time.

In compound interest, each amount earned by period is added to the previous initial amount, making a new principal for the new period. This means that the account earns interest of interest. The formula is

FV=P(1+r)^t

Let's plug in the given values: P=7,500 ; r=15%=0.15 ; t=17 years. We must be careful to use the adequate values for r and t, because the investement is compounded monthly, thus we must convert both values to its equivalent monthly:

i=0.15/12=0.0125

t=17*12=204

FV=7,500(1+0.0125)^{204}=\$94,547.00

Now for the simple interest:

FV=7,500(1+0.15\cdot 17)=$$26,625.00

3 0
3 years ago
The city fire department offers its services to any individual within its city limits, so even Ken, who is driving through the c
jekas [21]

Answer:

Explanation:

Commonwealth

A community or an organization of shared beliefs , interest , concerns , assistance or services that can be offered. Like in the case of the city fire department offering its services to the environs within its city limits. The act of Ken driving through the on vacation and him receiving assistance is an example of a common wealth organizatiin sharing their concerns and services on anyone in the city.

7 0
3 years ago
Do you agree with this marketing decision? Why or why not? How might consumers use thought-based decision models when considerin
lana66690 [7]

YES , I agree consumers make Though based Decisions while purchasing a Motor Cycle in india

Explanation:

Some of the reasons are:-

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2. Requirement /Need Recognition

3. Demand of the Product

Therefore brainstorming is done  before the purchase

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1. Prestige issue taken into consideration

2. Latest technology

4 0
4 years ago
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