If Carissa Dalton has a $260,000 home insured for $200,000, based on the 80 percent coinsurance provision,
Question:
If Carissa Dalton has a $260,000 home insured for $200,000, based on the 80 percent coinsurance provision, how much would the insurance company pay on a claim of $10,000? Assume there is no deductible.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (8 reviews)
260000 x ...View the full answer
Answered By
AJIN KURIAKOSE
I HAVE ELECTRONICS ENGINEERING DEGREE..AND MY AREA OF INTEREST IS MATHEMATICS,CONTROL SYSTEM,NETWORK,DIGITAL
4.70+
21+ Reviews
32+ Question Solved
Related Book For
Focus On Personal Finance
ISBN: 9781265521974
7th Edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
Question Posted:
Students also viewed these Business questions
-
If Carissa Dalton has a $130,000 home insured for $100,000, based on the 80 percent co-insurance provision, how much would the insurance company pay on a $5,000 claim?
-
Assume there is no beginning work in process inventory and the ending work in process inventory is 80% complete with respect to materials costs. The number of equivalent units with respect to...
-
Assume there is no written contract. The seller hands Mary a slip of paper upon which he has written, "This is to confirm our oral agreement." He and Mary both sign the paper. Is there an enforceable...
-
1. Farmer Annie's Ice Cream Shop has calculated the marginal product of labor, and the results are shown in the following table. The wage for workers is $70 per day, and the pints of ice cream sell...
-
Decide whether it is possible for a line to have the indicated number of y-intercepts. If it is possible, find an equation of such a line. If it is not possible, explain why not. a. no y-intercepts...
-
Textbook prices have doubled and risen faster than average prices for the past two decades. Sixty percent of students do not buy textbooks. Some students hunt for used copies and sell them back at...
-
What information does the payback convey that is absent from the other capital budgeting decision methods? AppendixlLO1
-
Quartz Corporation sold a $ 50 million, 7 percent bond issue on January 1, 2015. The bonds pay interest each December 31 and mature 10 years from January 1, 2015. For comparative study and analysis,...
-
John's father, Emile, died on January 15of this year. Emile had owned stock for 10 years. It had a basis to Emile of $100,000. He gave the stock to Emile in 2016, at a time when it had a value of...
-
1. How does Tesla Motors strategy fit with the various strategy definitions in Figure 1.1? 2. What seems to account for Teslas success? Figure 1.1 '..the determination of the long-run goals and...
-
When Carolinas house burned down, she lost household items worth a total of $50,000. Her house was insured for $160,000, and her homeowners policy provided coverage for personal belongings up to 55...
-
What would it cost an insurance company to replace a familys personal property that originally cost $40,000? The replacement costs for the items have increased 15 percent.
-
Nortel Networks experienced one of the most notorious Canadian bankruptcies. Eventually there was a distribution of funds obtained from selling off Nortel's assets, including intellectual property....
-
PAYMENTS DURING 2022/23 DATE DESCRIPTION FULL YEAR Private Hospital Insurance Premiums FULL YEAR Childcare costs FULL YEAR FULL YEAR FULL YEAR 18/08/22 27/08/22 01/09/22 01/10/22 01/11/22 01/12/22...
-
been called Recently, s asked to hington, ent of the in areas: g costs, and pany's a simple 12. The Tru-Green Lawn Company provides yard care services for customers throughout the Denver area. The...
-
During the week of November 12, 2021, Ernestina Manufacturing produced abd shipped 7,500 units of its aluminum wheels: 1,500 units of Model A and 6,000 units of Model B. The following costs were...
-
Daicos Ltd is a public company that competes in the highly competitive market for manufactured household products. The company is dominated by Peter Daicos, the chairman and chief executive officer,...
-
Hypothesis testing A tire company claims that a new range on average lasts at least 28,000 km. Tests with 64 tires result in an average duration of 27,800 km. With a standard deviation of 1,000 km....
-
If you were a GM, what kind of guest relations training would you provide to your employees? What are some principles you would incorporate into the training?
-
You have accepted the engagement of auditing the financial statements of the C. Reis Company, a small manufacturing firm that has been your auditee for several years. Because you were busy writing...
-
For many investors, mutual funds have become the investment of choice. In your own words, describe why investors purchase mutual funds.
-
Closed end, exchange-traded, or open ended mutual funds are available today. Describe the differences between each type of fund.
-
After researching Valero Energy common stock, Sandra Pearson is convinced the stock is overpriced. She contacts her account executive and arranges to sell short 300 shares of Valero Energy. At the...
-
Present Value Computations Using the present value tables, solve the following. ( Click here to access the PV and FV tables to use with this problem. ) Round your answers to two decimal places....
-
A company provided the following data: Sales $887,000 Variable costs $546,800 Fixed costs $310,000 Expected production and sales in units 36,000 What is the break-even point in sales dollars? Please...
-
How to solve them..equation and explain ..please.. 1. Selected information from the companys financial records is presented below Equipment, December 31, 2013 $300,000 Equipment, December 31, 2014...
Study smarter with the SolutionInn App