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

Question

1 Approved Answer

How much will your Equipment Breakdown policy pay in the following example; the limit of your policy is one million dollar. Please show your calculation:Your

How much will your Equipment Breakdown policy pay in the following example; the limit of your policy is one million dollar. Please show your calculation:Your Equipment Breakdown policy includes Business Income. One of your machinery breaks down and you have to spend $4,000 to repair it; you also lost $2,000 because you were not able to manufacture and sell your product. How much will your Equipment Breakdown policy pay?

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

Principles Of Macroeconomics

Principles Of Macroeconomics

Authors: Frank, Bernanke, Antonovics, Heffetz

3rd Edition

1259117162, 9781259117169

More Books

Students also viewed these Finance questions

Question

★★★★★
Assume a monopolistic publisher has agreed to pay an author 15 percent of the total revenue from the sales of a text. Will the author and the publisher want to charge the same price for the text?...

Answered: 1 week ago

Question

★★★★★
Shares can be issued by a public company through A. Public offer only B. Private placement only C. Rights / bonus issue D. All the above

Answered: 1 week ago

Question

★★★★★
=+9. For the following experiment, indicate whether it was single-blind, double-blind, or not blinded at all. Explain your reasoning.

Answered: 1 week ago

Question

★★★★★
The financial statements of Marks and Spencer plc (M&S) are available at the books companion website or can be accessed at corporate.marksandspencer....

Answered: 1 week ago

Question

★★★★★
The cash balance per books for Farhan Company on September 30, 2012 is $10,740.93. The following checks and receipts were recorded for the month of October, 2012: Checks Receipts No. Amount No....

Answered: 1 week ago

Question

★★★★★
The temporal coherency of an electron source is described by a length called the temporal coherency length: ! = Where is the mean velocity, " , and is the energy spread of the beam. Using this...

Answered: 1 week ago

Question

★★★★★
An aluminium rod is a total of 900mm long and 50mm in diameter. Part of this bar is turned down to 40mm diameter for a length of 50mm each end. Calculate the total elongation when subjected to an...

Answered: 1 week ago

Question

★★★★★
Mr. Manalo opened a mini grocery store with Business name Manalo Trading. Operations began on April 1, 2021, and the following transactions were completed during the month: 1 Mr. Manalo withdrew...

Answered: 1 week ago

Question

★★★★★
Sharon contributes 5% of her annual earnings of $40,000.00 to her defined contribution pension plan. Her employer matches her contributions. Calculate Sharon's pension adjustment

Answered: 1 week ago

Question

★★★★★
Complete business activity and instalment activity statements in Australia Swanston Enterprises report GST quarterly on a cash basis. They had the following account balances (on a cash basis) for the...

Answered: 1 week ago

Question

★★★★★
14. A cylinder whose radius is 2 inches is removed from the right prism as shown. The ends of the prism have the shape of an equilateral triangle whose sides are 8 inches long. Find the volume of the...

Answered: 1 week ago

Question

★★★★★
What change agent skills are necessary for helping a dysfunctional group become more effective? What if the problems exist between managers? What happens if they refuse the help of the change agent?

Answered: 1 week ago

Question

★★★★★
In terms of cultural diversity, what changes, if any, have you personally experienced in the workplace? What needs to be done to ensure that all individuals (including women and minorities) have...

Answered: 1 week ago

Question

★★★★★
Describe the role of HRD professionals with respect to managing culturally diverse employees. What kinds of HRD programs support this approach?

Answered: 1 week ago

Previous Question Next Question