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
adell [148]
3 years ago
10

Lisa has three fire insurance policies on her office building. The policy from company A is for $400,000, and the policies from

companies B and C are for $100,000 each.
If Lisa has a $360,000 loss, how much of the loss will be covered by each policy if the loss is settled on a pro-rata basis by the insurers?
Business
1 answer:
zavuch27 [327]3 years ago
5 0

Answer:

First one will cover 241,200$ of total loss and the other two 61,200$ each

Explanation:

Pro-rata in the insurance means that the loss will be covered at a certain proportion to the insurance interest in the asset. This is also called first condition of average. if first policy covers 400,000 $ of loss and the other two 100,000$ each, than the proportion for the first policy is 400,000/600,000 equals 0,67 or 67% and for the other two 0,17 or 17%. This would mean that the first one would cover 67% of 360,000$ loss or approximately 241,200$ and the second two would cover 17% of total loss each or approximately 61,200 dollars.

You might be interested in
What refers to the study of your strengths and weaknesses and the identification of your area of interest
Murljashka [212]

Answer:

Mind Phillosification

Explanation:

it studies your brain which you can see by their thoughts how to see their weaknesses and strong points ;)

4 0
3 years ago
Read 2 more answers
National Dog Week is a dog food manufacturing factory. Suppose the theoretical capacity for the factory is 25,000 pounds/month.
vichka [17]

Answer:

National Dog Week

herefore, the average safety capacity of the factory is __5,000__ pounds/month.

Explanation:

a) Data and Calculation:

Theoretical capacity for the factory = 25,000

Effective capacity for the factory =     20,000

Safety capacity for the factory =           5,000

b) The safety capacity of National Dog Week describes the factory's capacity that is not being put to use currently but can be called to use when demand requires it.  It is the difference between the factory total usable capacity and the effective currently being used capacity.

8 0
3 years ago
Help <br> Need for a test
Debora [2.8K]

B. FDA (Food and Drug Administration)

8 0
3 years ago
In her research paper, Kirstein copied a few paragraphs from a renowned author's work verbatim without placing them within quota
Effectus [21]

Answer:

Word-for-word.

Explanation:

Word for word plagiarism is seen to be an unethical form of writing where the said student or researcher is seen to copy a fellow researchers works verbatim and particularly word for word with also quotation marks too. In as much as this is a bad form for writers, people are always seen to commit themselves in still doing it. This can cause a lawsuit in some places depending on the researcher whose work is been stolen/copied.

In all, it is been tagged an act of intellectual dishonesty which comes with uneasy consequences when it is done to a wrong person; a plagiarized assignment may lead to a failing grade, a suspension, or an expulsion.

4 0
4 years ago
Despite the growth in the number of specialists, at the time of the flexner report:
ahrayia [7]
<span>Was a description of the condition of medical training and education in the early 1900's. This book of literature is considered to be a classic in medical education. It is also considered as being a landmark in medical training.</span>
8 0
3 years ago
Other questions:
  • In 2020, a customer buys 1 GE 10%, $1,000 par debenture, M '35, at 115. The interest payment dates are Jan 1st and Jul 1st. The
    11·1 answer
  • Moyas Corporation sells a single product for $10 per unit. Last year, the company's sales revenue was $200,000 and its net opera
    11·1 answer
  • Oceania buys $100 of wine from escudia and escudia buys $80 of wool from oceania. suppose this is the only trade that these coun
    9·1 answer
  • A company is considering buying a new piece of machinery. A 10% interest rate will be used in the computations. Two models of th
    6·1 answer
  • The following data were selected from the records of Sykes Company for the year ended December 31, 2014.
    14·1 answer
  • Suppose that a price-discriminating firm divides its market into two segments. If the firm sells its product for a price of $22
    7·1 answer
  • Eighteen years ago a firm issued $1000 par value bonds with a 6% annual coupon rate and a term to maturity of 30 years. Market i
    10·1 answer
  • There are many different ways interviews can be conducted, including face-to-face, distance, group, and performance . Which styl
    8·1 answer
  • you can eliminate negative parts of your credit score by closing accounts that are overdue. true or false?
    14·1 answer
  • Financial statements can be prepared _____. (select all that apply.) multiple select question.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!