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zepelin [54]
3 years ago
13

A dwelling with a replacement cost of $150,000 was insured under a Homeowners 3 policy for $105,000 at the time the roof was des

troyed by a windstorm. The actual cash value of the loss was $10,000, but it will cost $15,000 to replace the roof. Ignoring any deductible, what will the insurer pay to settle this loss
Business
1 answer:
Mazyrski [523]3 years ago
3 0

Answer: $13125

Explanation:

The amount that the insurer will pay to settle this loss will be calculated thus:

= Insured claim × Insurance value / 80% of replacement value

= 15000 × 105,000 /80% × 150000.

= 15000 × 105,000 / 120000

= 13125

Therefore, the insurer will pay $13125

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Answer:

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3 years ago
Castle State Bank has the following financial information.
Setler79 [48]

Answer:

Castle State Bank's equity multiplier is 2.2

Explanation:

Total Assets = $2,200

Total Liabilities and Equity = $2200

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Equity multiplier = Total Assets / Total Shareholders Equity

Equity multiplier = 2,200 / $1,000

Equity multiplier = 2.2

Total Assets is equal to Total equity and Liabilities. Total equity and Liabilities includes the balance of Both equity and liabilities. Total equity is calculated by subtracting Total Loans from Total equity and Liabilities.

4 0
3 years ago
Doggie Pals produces 100,000 dog collars each month that give off a fresh scent to keep your dog smelling clean between baths. T
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Answer:

The correct answer is D.

Explanation:

Giving the following information:

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First, we need to calculate the unitary variable cost:

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Total production costs= 1.5*125,000 + 50,000= $237,500

8 0
3 years ago
The Jennings Group reacquired 3 million of its shares at $76 per share as treasury stock. Last year, for the first time, Jenning
ra1l [238]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
3 0
3 years ago
How do i change the tracks on friday nights funkin, fnf, online game?
saveliy_v [14]

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Explanation:

4 0
3 years ago
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