Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 19, 2024

Julie owns a building worth 800,000. She insured the building for 300,000 with company A. 400,000with company B and 100,000 with company c. There is

Julie owns a building worth 800,000. She insured the building for 300,000 with company A. 400,000with company B and 100,000 with company c. There is a fire, and the building sustains 100,000 in damage.

how much will Julia collect in insurance?

how will each company pay?

what insurance term describes this situation?

what is it's purpose?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Derivatives Markets

Authors: Robert McDonald

3rd Edition

978-9332536746, 9789332536746

More Books

Students also viewed these Finance questions

Question

these are exercises i need help with. I see there is already bunch of solutions posted here. Would you be able to copy them to my file and send it back to me please? Determine the amount of gross...

Answered: 1 week ago

Question

Julia owns a building worth $800,000. She insures the building for $300,000 with Company A, $400,000 with Company B, and $100,000 with Company C.There is a fire, and the building sustains $100,000 in...

Answered: 1 week ago

Question

PowerPoint Assignment for BUS 401: Principles of Finance You have been asked by a manager in your organization to put together a training program explaining Net Present Value (NPV) and Future Value...

Answered: 1 week ago

Question

★★★★★

Which of the following statements about an acquiescence is correct? a. Acquiescences are published only for certain regular decisions of the U.S. Tax Court. b. The IRS does not issue acquiescences to...

Answered: 1 week ago

Question

★★★★★

Add the SeqSearch function to the arrays.js library file, then create a Web page named seq.html that utilizes the SeqSearch function to perform sequential searches on user input. The page should...

Answered: 1 week ago

Question

★★★★★

Derive a class BulkDiscount from DiscountPolicy, as described in the previous exercise. It should have a constructor that has two parameters, minimum and percent. It should define the method...

Answered: 1 week ago

Question

★★★★★

=+9. Super Glue. Cyanoacrylates, the generic name for several compounds with strong adhesive properties, were invented during WWII during experiments to make a special extraclear plastic suitable for...

Answered: 1 week ago

Question

★★★★★

RATIO ANALYSIS OF COMPARATIVE FINANCIAL STATEMENTS Refer to the financial statements in Problem 24-8B. REQUIRED Calculate the following ratios and amounts for 20-1 and 20-2 (round all calculations to...

Answered: 1 week ago

Question

★★★★★

What is language syntax?

Answered: 1 week ago

Question

★★★★★

The president of the company you work for has asked you to evaluate the proposed acquisition of a new chromatograph for the firms R&D department The equipment's basic price is $60,000, and it would...

Answered: 1 week ago

Question

★★★★★

You decide that you d like to have someone accompany you to the meeting with Cynthia. Motivated by the communications principle of credibility, which of the following people would make the best...

Answered: 1 week ago

Question

★★★★★

A part on an instrument that is sticky or resistant may indicate: Group of answer choices Bioburden Misalignment The need for lubrication All of the above

Answered: 1 week ago

Question

★★★★★

Identify tangible and intangible assets that are unique to Brookdale University Hospital Medical Center or give it competitive advantage and explain how each can be a strength or weakness for the...

Answered: 1 week ago

Question

★★★★★

An analysis of a company's estimated liability account revealed the following information: Balance March 1, 2023: Balance March 31, 2023: $14,200 15,960 Sales of product with 2-year warranty:...

Answered: 1 week ago

Question

★★★★★

The case in question is 1079268 Ontario Inc. v. GoodLife Fitness Centres Inc., [2017] ONCA 12. How does the Ontario Court of Appeal decide the case? Who "wins" and who "loses"? . How does the court...

Answered: 1 week ago

Question

★★★★★

Question 8 Which of the following stakeholders would be able to contribute expertise on implementing robust encryption and cybersecurity measures within privacy policies? a . Third - Party Partners...

Answered: 1 week ago

Question

★★★★★

Find the reduced echelon form of each of the matrices given in Problems 120. c 1 26 + 4

Answered: 1 week ago

Question

★★★★★

=+43. Productivity. A bakery hiring people to make bread gives job applicants a test of speed. This test counts how many loaves of bread the applicant can make in a 10-minute period. The table...

Answered: 1 week ago

Question

★★★★★

=+) The two results seem contradictory. Which method is correct: doing two-sample inference, or doing one-sample inference twice?

Answered: 1 week ago

Question

★★★★★

=+d) Explain why you should not use two separate confidence intervals to decide whether the two leagues differ in average number of runs scored.

Answered: 1 week ago

Previous Question Next Question