Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 26, 2024

Encik Pawi has a house with an insurable value of RM400 000. The house is insured using a fire insurance that allocates co-users 80% of

Encik Pawi has a house with an insurable value of RM400 000. The house is insured using a fire insurance that allocates co-users 80% of the usable value and deductible value of RM 2 300. Encik Pawi's house caught on fire and the amount of loss is RM 30 000. Calculate the amount of compensation that Encik Pawi will received if he insures his house at a sum of RM 150000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

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

Step: 2

Step: 3

Ace Your Homework with AI

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

Get Started

Students also viewed these Finance questions

Question

In the articleNonablative facial remodeling: erythema reduction and histologic evidence of new collagen formation using a 300-microsecond 1064-nm Nd:YAG laser published in the Archives of Dermatology...

Answered: 1 week ago

Question

★★★★★

Commuter ridership in Athens, Greece, during the summer months is believed to be heavily tied to the number of tourists visiting the city. During the past 12 years, the data in the table at the top...

Answered: 1 week ago

Question

★★★★★

SO ALL I NEED IS TO WRITE COMMENTS FOR EACH LINE OF CODE, BUT I'M UNSURE WHAT ROLE EACH FUNCTION PLAYS. Can anyone help with this? The comments are supposed to be detailed enough so that someone who...

Answered: 1 week ago

Question

★★★★★

1. OPTIMAL CAPITAL STRUCTURE Terrell Trucking Company is in the process of setting its target capital structure. The CFO believes that the optimal debt-to-capital ratio is somewhere between 20% and...

Answered: 1 week ago

Question

★★★★★

ZARA, a Spanish fashion giant, has redefined fast fashion. Founded in 1 9 7 5 by Amancio Ortega, ZARA boasts over 2 , 0 0 0 stores in 9 6 countries, a testament to its rapid global expansion. Their...

Answered: 1 week ago

Question

★★★★★

JOHOR BARU: Fresh graduates face new challenges and stiff competition looking for jobs in the coming years due to the economic downturn caused by the Covid-19 pandemic. Universiti Teknologi Malaysia...

Answered: 1 week ago

Question

★★★★★

A 6000-lb weight is being pushed up an inclined surface. The weight is to accelerate from a zero velocity to a velocity of 5 ft/s in 0.5 s. The coefficient of friction between the weight and inclined...

Answered: 1 week ago

Question

★★★★★

Data given: Country A: n:1000 , X mean: 19.900, S2:5000, S:70.71 Country B: n:1500 , X mean: 20.200, S2:6400, S:80 (a) Consider whether the hypothesis that the average family income of country A is...

Answered: 1 week ago

Question

★★★★★

Enter the following trial balance into the chart of accounts: Account DR CR Cash 25,000 Vehicle net 74,000 Equipment net 7,500 Loan 50,000 Enter the following journal entries: sales of services for...

Answered: 1 week ago

Previous Question Next Question