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
Mandarinka [93]
3 years ago
14

. The ABC Corporation has $100,000 of coverage on its building through insurance Company A, and $50,000 of identical coverage on

the same building through insurance Company B. Assuming coinsurance is not an issue, when a $24,000 loss occurs and the pro rata method is used, how much will each insurer pay?
Business
2 answers:
liberstina [14]3 years ago
6 0

Answer:

Company A will pay $16,000 and Company B will pay $8,000.

Explanation:

Pro rata method means allocating the amount to each company according to their percentage amount.

Here in this case,

Total Insurance amount = $100,000+50,000 = $150,000

Company A share if $24,000 loss occurs:

= \frac{100,000}{150,000} * 24,000 = $ 16,000

Company B share if $24,000 loss occurs:

= \frac{50,000}{150,000} * 24,000 = $ 8,000

Hence , Company A will pay $16,000 and Company B will pay $8,000.

Andrews [41]3 years ago
3 0

Answer:

A: $16,000

B: $8,000

Explanation:

We add up each insurance:

Policy A + Policy B =

100,000 + 50,000 = 150,000

Now we weight each policy:

A: 100,000 / 150,000 = 2/3

B: 50,000  / 150,000 = 1/3

We apply this weights to each policy considering the loss:

A: 24,000 x 2/3 = 16,000

B: 24,000 x 1/3 =    8,000

You might be interested in
Why are only final goods and services included in the calculation of GDP?
zavuch27 [327]

Answer:

Only final goods and services are included in the calculation of GDP to avoid counting things multiple times.

Explanation:

In the calculation of the GDP only final goods and services are included because the prices of the these already have the costs of all the things that were used to produce them. If we count the intermediate products and services that were used for the final output, we will be double counting which will give a result that is not a correct estimation.

5 0
3 years ago
Hill Co. can further process Product O to produce Product P. Product O is currently selling for $60 per pound and costs $42 per
Elina [12.6K]

Answer:

(A) True

Explanation:

Differential cost is the difference between the cost to produce Product O and produce Product P; in this case it’s the additional cost of $13 per pound to produce

So the statement “The differential cost of producing Product P is $13 per pound” is true

4 0
3 years ago
Apple hosts a large number of forums, which become customers' primary source of product information after warranties expire and
ser-zykov [4K]

Answer:

D. online communities

Explanation:

-Social networks are sites where people can share information and communicate.

-Microblogs are a type of online blog that has short entries.

-Niche networks are networks that focus on a specific group of people.

-Online communities are groups of people that interact on the internet through forums, chat rooms to get information about specific topics.

According to this, these forums are an example of online communities.

4 0
3 years ago
Agency costs faced by MNCs may be larger than those faced by purely domestic firms because: a.monitoring of managers located in
mars1129 [50]

Agency costs faced by MNCs may be larger than those faced by purely domestic firms because:

  • monitoring of managers located in foreign countries is more difficult AND foreign subsidiary managers raised in different cultures may not follow uniform goals.
  • monitoring of managers located in foreign countries is more difficult.
  • .MNCs are relatively large.
  • foreign subsidiary managers raised in different cultures may not follow uniform goals.

<h3>What are multinational corporations?</h3>

Multinational corporations can be regarded as one that have the license to operates in more than one country at a time.

Agency costs faced by MNCs may be larger than those faced by purely domestic firms due to how foreign subsidiary managers raised in different cultures may not follow  uniform goals.

Read more on human capita development here:

https://brainly.in/question/36071285

#SPJ12

8 0
2 years ago
QS 6-6 Petty cash accounting LO P2 1. Brooks Agency set up a petty cash fund for $150. At the end of the current period, the fun
noname [10]

Answer and Explanation:

The journal entries are as follows:

1. Petty cash A/c Dr $150

              To Cash A/c $150

(Being the establishment of petty cash is recorded)

2.

Entertainment expenses A/c Dr $70

Postage expense A/c Dr $30

Printing A/c Dr $22

                    To Petty cash A/c $122

(Being the reimbursement of petty cash fund is recorded)

3 0
3 years ago
Other questions:
  • Firm X is selling a vehicle with an MSRP of $30,000 and dealer discount of 10%. Unit cost is $20,000 and fixed costs are $1.4 bi
    7·1 answer
  • When several different vendors and/or products are candidates and you want to solicit competitive proposals and quotes, what wou
    9·1 answer
  • Which of the following would be best considered to be an agency conflict problem in the behavior of the following financial​ man
    13·1 answer
  • Are social media videos a good way to market yourself to employers
    11·2 answers
  • ________ is the two-way flow of communication between buyer and a seller that is designed to influence the buyer's purchase deci
    14·1 answer
  • Good, a C corporation, sells an automobile to its sole shareholder for $4,500. Good's adjusted basis in the automobile is $12,00
    14·1 answer
  • 416,000 people each receive an average refund of $3,600, based on an interest rate of 3 percent, what would be the lost annual i
    6·1 answer
  • You’re trying to save to buy a new $180,000 Ferrari. You have $29,000 today that can be invested at your bank. The bank pays 3.6
    8·1 answer
  • Question 1 of 15.<br> #1. Objective A: Left Turn<br> True False<br> Mark for follow up
    10·2 answers
  • Starbucks is opening a location in China every 15 hours, and just opened its largest location in the world in Shanghai. Which me
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!