1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Lois and Peggy are the only two accountants at a construction company. They split the accounting work in the company according t
9966 [12]

Answer:

A job-sharing plan.

Explanation:

Job sharing is a kind of adaptable work plan in which two individuals work part-time timetables to finish the work one individual would do in a solitary all day job.

3 0
3 years ago
A. The Gini ratio is:
rusak2 [61]

Answer:

A. (a, the area between the diagonal line and the lorenz curve divided by the total area below the diagonal line)

B. (a, a perfectly unequal income distribution will have a Gini ration of 1.)

C. (a, more equal)

Explanation:

A. Gini ratio can be defined as the statistical determination of the wealth and income distribution among a country's populace.

It can also be called Gini coefficient or Gini index, and it is a measure of the inequality in income and wealth distribution.

The Gini ration is calculated by finding the difference between the Lorenz curve and the uniform distribution line, then divided by the total area under the uniform distribution line. A Gini ration of <0.2 is the perfect income equality.

B. Gini ratio cannot exceed 1 because a perfectly unequal income distribution will have a Gini ratio of 1. This means that the line of equality does not move irrespective of whether or not the Lorenz curve changes.

C. If the Gini ratio declines from 0.42 to 0.35, then that means that income has become more equal. Note that a Gini ratio of <0.2 signifies a perfect income distribution, slightly greater than 0.2 to ).35 signifies that income distribution is close to equality.

Cheers.

3 0
3 years ago
What is Benartzi's solution to all of these behavioral challenges that effect personal finance? How does improved personal finan
prohojiy [21]
A leading behavioral economist shows how businesses can improve consumer thinking and decision making on screens. acclaimed behavioral economist shlomo bernatzi reveals a toolkit or interventions for the digital age. using provocative case studies and engaging reader exercises.
7 0
3 years ago
I am planning to reduce the duration of lunch break by 10 minutes. Does anyone have any objection to this policy? In the context
NikAS [45]

Answer:

a) the leader presents ideas and invites questions.

Explanation:

Leadership continuum is a leadership style which describes the relationship with respect to the autonomy that a manager gives to his subordinates, and the level of authority used by him/ her. This is a inverse proportional relation which reduces the authority of the manager when team's freedom increases. It debases an autocratic rule by a manager, especially in taking decisions.

The example cited in the question is a way of taking decision by suggestions by expecting questions from his team.

5 0
3 years ago
An investor is considering buying a restaurant that has been in operation for a number of years. The restaurant has a highly reg
Lemur [1.5K]

Answer:

B.

Explanation:

The investor should consider that they may find that the restaurant's financial statements undervalue the true value of its resources. If this were to be the case then the investor would have made a lot of money since they would have paid face value for the restaurant when in actuality it was massively undervalued and is worth a lot more, meaning he would make a large profit on his investment from the beginning.

8 0
3 years ago
Other questions:
  • Wynstin landed a fabulous job as a financial consultant about six months ago. He is quite successful at his job and enjoys what
    10·1 answer
  • Which economic player is most closely associated with the dual role of consumer and producer?
    5·1 answer
  • AVI supplies vended food to a large university. Because students kick the machines at every opportunity, management has a consta
    14·1 answer
  • Wetzel Company has the following accounts and balances at the end of the fiscal​ year: Long−Term Notes Payable ​$150,000 Account
    11·1 answer
  • Assume that Canadian consumers increase their demand for Mexican financial assets How would the international supply of Canadian
    13·1 answer
  • Which of the following explanations argues that the Great Recession resulted from asset-price bubbles caused by euphoria and deb
    5·1 answer
  • General Motors purchased on account a shipment of iron bars from Furnace Inc. and promptly paid within the discount period. Comp
    11·1 answer
  • HR creates the company’s first performance appraisal system. Managers are required to review employee productivity at least once
    13·1 answer
  • the part of a business plan that includes an organization chart, job descriptions of listed positions, and detailed resumes of t
    10·1 answer
  • Sheffield Co. uses the gross method to record sales made on credit. On July 1, 2020, it made sales of 83,000 with terms 2/10 n/3
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!