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Tresset [83]
2 years ago
12

A house worth $180,000 has a coinsurance clause of 75 percent. The owners insure the property for $101,250. They then have a los

s that results in a $50,000 claim. They will receive $______ .00 from insurance.
I got $21093.75 but it says I'm incorrect? Please help.
Business
2 answers:
padilas [110]2 years ago
7 0

Answer:

hopefully this is right

A = ([C / R]† * L) - D

Explanation:

A = Amount Payable

C = Amount of Coverage Purchased

R = Property Value * Coinsurance percentage

L = Loss

D = Deductible

A=([101,250/135,000] •50,000)-50,000

16,666.67 should be the answer

pav-90 [236]2 years ago
3 0
Jajsbsbs!7? Hshehwbsbhs!!
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Meeting conference everyone meet.
svet-max [94.6K]

Answer:

why what's happening?

Explanation:

7 0
3 years ago
Read 2 more answers
The use of the lower of cost or net realizable value (LCNRV) method to value inventory for reporting purposes is a departure fro
Wewaii [24]

Question:

The use of the lower of cost or net realizable value (LCNRV) method to value inventory for reporting purposes is a departure from the accounting principle of:

A) Historical cost.

B) Matching.

C) Going concern.

D) Conservatism.  

Answer:

The Right answer is A) Historical Cost.

Explanation:

Inventories are recorded at their cost. If inventory declines in value below its original cost, a major departure from the historical cost principle occurs.

Whatever the reason for a decline-damage, physical deterioration, obsolesce, changes in price levels, or other causes, a company should write down the inventory to Lower-of-Cost or Net Realizable Value (LCNRV) to report this loss.

A company abandons the historical cost principle when the future utility (revenue-producing ability) of the asset drops below its original cost.

Net Realizable Value refers to the net amount that a company expects to realize from the sale of inventory. Specifically, net realizable value is the estimated selling price in the normal course of business minus estimated costs to make a sale.

Example

Inventory  Value - Unfinished                                         $2,000

Less: Estimated Cost of Completion          $  50

Estimated Cost to sell                                    <u>200</u>           <u>     250</u>

<u>Net Realizable Value                                                             750</u>

<u />

Cheers!

8 0
2 years ago
After reviewing the resources and taking notes, decide where you stand. Should the government—and schools—be able to access your
larisa [96]

Answer:

Yes, I think that even social media and cell phone information is personal it should be reviewed if there are enough reasons to think that you are a threat to others.  

Explanation:

Currently there are constants news of shootings in social spaces like malls, schools, bars, metro stations and so on. The persons that commit those crimes might leave leads in their social media that can become important to prevent these crimes.  

The most recent case of shooting in the Santa Clarita school in California depict how social media is always investigated to determine the motives of these crimes. Therefore, would not be better to look social media before these events occur? From this perspective I agree with the access to social media and cell phone content .

6 0
3 years ago
Read 2 more answers
Problem 13-22 The injection molding department of a company uses an average of 30 gallons of special lubricant a day. The supply
Alex Ar [27]

Answer:

The answer is 150 gallons

Explanation:

First we will write out the relevant information in the question that will help us with our calculation:

Safety stock = 50 gallons

50 gallons = 9% stockout risk

??? gallons = 3% stockout risk

Next, you have to understand that the relationship between the safety stock and stockout risk is an inverse proportion. This means that the bigger the safetystock amount, the smaller the stockout risk, and vice versa. Therefore, there will be a lesser risk of running out of stock, as the safety stock amount increases.

Let g be the safety stock

Let r be the stockout risk

This relationship is represented as:

g = \frac{k}{r}

where k = a constant relating the safety stock and stockout risk.

Therefore :

g*r=k

g_1r_1=g_2r_2

where:

g₁ = 50 gallons

r₁ = 9%

r₂ = 3%

g₂ = ????

Therefore, making g₂ the subject of the formula:

g_2=\frac{g_1*r_1}{r_2}

g_2 = \frac{50*9}{3} = \frac{450}{3} = 150

Therefore, the saftey stock that would provide a stockout risk of 3% = 150 gallons.

3 0
3 years ago
How has the Timberland Company incorporated the four pillars of its corporate social
DENIUS [597]

Answer:

The four pillars are energy, product, workplace and service.

Please mark Brainliest

Explanation:

The Timberland Company have a tradition of Corporate Social Responsibility, Timberland have always been committed to environment and social sustainability. The four pillars of Timberland Company for Corporate Social Responsibility are Energy, Product, Workplace and Service.

Please mark as Brainliest

5 0
3 years ago
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