FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Amanda owns a home with a $400,000 replacement value. This January, a snowstorm causes $75,000 in damages to the home. Amanda has an insurance policy with 80% coinsurance and a $1,000 deductible. How much will the insurer pay if Amanda carries $300,000 of coverage?

A. $69,312.50

B. $75,000.00

C. $70.312.50

D. $60,000.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Energy Audit And Management Concept Methodologies Procedures And Case Studies

Energy Audit And Management Concept Methodologies Procedures And Case Studies

Authors: L. Ashok Kumar, Gokul Ganesan

1st Edition

978-1032067797

More Books

Students also viewed these Accounting questions

Question

★★★★★
Jerry Young is thinking about opening a bicycle shop in his hometown. Jerry loves to take his own bike on 50-mile trips with his friends, but he believes that any small business should be started...

Answered: 1 week ago

Question

★★★★★
=+a. In one graph, overlay the scatterplots for the PMMA and the glass data sets and comment on any interesting features. Be sure to use different symbols for each data set.

Answered: 1 week ago

Question

★★★★★
Research studies involving the brain and learning indicate that all but which one of the following statements are true? A. There is no such thing as left-brain and rightbrain thinking. B. The...

Answered: 1 week ago

Question

★★★★★
Chamberlain Enterprises Inc. reported the following receivables in its December 31, 2011, year-end balance sheet: Current assets: Accounts receivable, net of $24,000 in allowance for uncollectible...

Answered: 1 week ago

Question

★★★★★
Prepare journal entries to record the following four separate issuances of stock. 1. A corporation issued 4,000 shares of $5 par value common stock for $24,000 cash. 2. A corporation issued 2,000...

Answered: 1 week ago

Question

★★★★★
Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2022, the company incurred the following costs. Variable Costs per Unit Direct materials Direct...

Answered: 1 week ago

Question

★★★★★
state the current situation of Learnenow inc and describe the team's goals and the desired outcome should be?

Answered: 1 week ago

Question

★★★★★
A collector found a bone near a former Mayan territory. After careful research it has been determined that the bone lost about 8% of its Carbon-14. Approximately how old is the bone? Could it have...

Answered: 1 week ago

Question

★★★★★
Sweet Memories Inc (for Q11-13) Sweet Memories Inc is a company that produces Customized Family Portraits. Preparing a Family Portrait involves 3-steps: Collect the Images and Stories, Edit, and...

Answered: 1 week ago

Question

★★★★★
5. An outside manufacturer has offered to produce 86,000 Daks and ship them directly to Andretti's customers. If Andretti Company accepts this offer, the facilities that it uses to produce Daks would...

Answered: 1 week ago

Question

★★★★★
Howard is in the 33% tax bracket, so his after-tax profit is 67% of his before-tax profit. He invests $10,000 in a certain stock, whose annual return is normally distributed with mean 5% and standard...

Answered: 1 week ago

Question

★★★★★
What is the importance of training employees? What type of training have you received as an employee? Was it successful? Have you ever trained another employee? cussion Boards

Answered: 1 week ago

Question

★★★★★
3. Assess your goals for employment, and then design (or revise) a rsum for the job you are most interested in. Use the guidelines in this chapter to make it clear and action-oriented. Prepare...

Answered: 1 week ago

Question

★★★★★
4. Create a questionnaire that you will use the next time you visit a physician. Focus your questions on what is already known about your condition, and what you want to know about possible...

Answered: 1 week ago

Previous Question Next Question