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professor190 [17]
3 years ago
8

Amanda owns a home with a $400,000 replacement value. This January, a snowstorm causes $75,000 in damages to the home. Amanda ha

s an insurance policy with 80% coinsurance and a $1,000 deductible. How much will the insurer pay if Amanda carries $300,000 of coverage?
Business
1 answer:
IrinaK [193]3 years ago
7 0

Answer:

Insurer will pay to Amanda $69312.50

Explanation:

As we know that Amanda home replacement value which means the (Property value) is $400,000 and Amanda carries a coverage of amount $300,000 which is her policy limit. Her policy has 80% of coinsurance and snow storm causes a damage of amount $75,000. She has the $1,000 deductible in her policy.

80% of the 400,000 = 320,000

Amanda should have $320,000 but carries the insurance coverage $300,000

So she will get 300,000/320,000= 0.9375

In this scenario as the damage amount is $75,000 she will get $75,000 x 0.9375 which is equal to $70,312.50

Since the deductible amount of her policy is $ 1000 Which will therefore be deducted

Hence   $70312.50 - $1000 = $69312.50

Amanda will get $69312.50

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Answer: Storming stage

               

Explanation: In simple words, it refers to the stage in which conflict between members of a group starts happening due to arise of individual personalities. This is last and most crucial stage of team development process.

In this stage the performance of team starts declining due to lack of harmony and trust among the members of the team.  In the given case, Roger's team has been facing conflict over the controlling issues ,hence, we can conclude that they are at storming stage of development.

5 0
3 years ago
Suppose there are 100 million in the labor force, and 6 million unemployed people. During the next month, 200,000 people lose th
laiz [17]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the currently employed people and the unemployment rate:</u>

<u></u>

Employed people= 100,000,000 - 6,000,000= 94,000,000

Unemployment rate= unemployed people / labor force

Unemployment rate= 6,000,000 / 100,000,000

Unemployment rate= 0.06= 6%

<u>Now, the newly employed people and the unemployment rate:</u>

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Employed people= 94,000,000 + 300,000 - 200,000

Employed people= 94,100,000

Unemployment rate= 5,900,000 / 100,000,000

Unemployment rate= 0.059 = 5.9%

6 0
3 years ago
If a bond's yield to maturity is less than its coupon rate, the bond will sell at a _____, and increases in market interest rate
KiRa [710]

If a bond's yield to maturity is less than its coupon rate, the bond will sell at a premium, and increases in market interest rates will decrease this premium.

If the bond's coupon rate is lower than YTM, the bond will be sold at a discounted price. If the bond's coupon rate is higher than its YTM, the bond is sold at a premium. If the bond's coupon equals YTM, the bond is sold at face value.

If the coupon is higher than the yield, investors should expect the bond's capital value to fall over the remaining term. Therefore, the price of the bond must be higher than its face value. If the bond's coupon rate is lower than its lifetime, the bond's price increases over its remaining lifetime.

If the interest rate falls below the coupon, the bond can be sold at a premium above face value. Interest rates on bonds vary according to prevailing interest rates and perceived risks of the issuer. Suppose he has a 10-year bond for $5,000 with a 5% coupon.

Learn more about bonds here brainly.com/question/25965295

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7 0
1 year ago
convenient product is the product that is relatively inexpensive item that merits little shopping effort. Is it true or false?​
gayaneshka [121]

Answer: True

Explanation:

A convenient product is the product that is relatively inexpensive item that merits little shopping effort.

A convenient product refers to an inexpensive product which requires a little amount of effort from the consumer to purchase it. Some examples of convenience products include soft drink, bread, coffee.

Therefore, the statement given is true.

8 0
2 years ago
In his search for a franchised business that would satisfy his passion for the outdoors and earn him a decent living, Andrew not
maxonik [38]

Answer:

royalties

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According to my research on franchised businesses, I can say that based on the information provided within the question in business this obligation is referred to as royalties. These is an obligation in which the franchisee agrees to pay the franchiser a set percentage of the profits made under the licensed company. Like seen in the question the royalty percentages depend on the company as well as what is agreed upon when signing the licensing agreement.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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3 years ago
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