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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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<u> </u>More managerial opportunities are available for <u>American</u> women
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3 years ago
Peter Metcalf founded Black Diamond which creates, produces, and sells outdoor equipment. This is an example of
Liula [17]

Answer:

manufacturing organization

Explanation:

This is an example of a manufacturing organization. This is an organization that focuses on gathering all of the necessary ingredients, which are then placed in a specific process to which combines them to make a unique product. This product is then sold to other companies or individual customers to generate profit for the company. This is exactly what Black Diamond does in order to produce outdoor equipment.

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3 years ago
In capital budgeting, the accounting rate of return (ARR) decision model: Incorporates the timing of cash flows. Considers the t
fomenos

Answer:

Incorporates the timing of cash flows.

Explanation:

The Accounting Rate of Return uses accrual accounting in order to determine net income instead of actual cash flows like the NPV, payback period or IRR.

ARR = average annual income / average investment.

For example, an increase in accounts receivable is not considered an increase in net cash flows, but it is considered part of total revenue which increases net income

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3 years ago
As you and a friend are entering a chemistry laboratory at your university, you see a sign that states: danger—radioactive iso
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Radioactive isotopes are atoms that are unstable and subsequently produce energy in a procedure called radioactive decay.  

All the atoms of an element have a similar number of protons, however the quantity of their neutrons can contrast. On the off chance that this happens, at that point we can call these isotopes of an element. Isotopes have a similar number of protons, yet they contrast in the quantity of neutrons.  

If an isotope has an unstable nucleus that separates to emanate radiation, at that point these are what we call radioactive isotopes, also called radioisotopes.

4 0
3 years ago
Schreiber Industries estimates bad debts at 2% of sales. Schreiber began the year with $270,000 of accounts receivable and $38,6
lorasvet [3.4K]

Answer:

The total amount of account receivable it's $246.400

Explanation:

At the beginning the company had $270.000 in the account receivable and $38.600 of allowance for bad debt, when the company wrote off bad debt, it entry a credit in the Account Receivable and a Debit in hte Allowance for bad debt.

The new balance are $244.400 in the accounts receivables and $12.600 as credit in the allowance for bad debt, with the new sales the company generate an extra account receivable of $15.000, so the net value of Accounts Receivable it's $246.400.

7 0
3 years ago
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