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As the owner of a business, Karen needs fire insurance. Her building is worth $726,000 and the contents are valued at $673,000. Her agent placed the building in structural classification B and area rating 2. Use Table 19-4 to calculate her total premium. Round your answer to the nearest cent.

As the owner of a business, Karen needs fire insurance. Her building is worth $726,000 and the contents are valued at $673,000. Her agent placed the building in structural classification B and area rating 2. Use Table 19-4 to calculate her total premium. Round your answer to the nearest cent.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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As the owner of a business, Karen needs fire insurance. Her building is worth $726,000 and the contents are valued at $673,000. Her agent placed the building in structural classification B and area rating 2. Use Table 19-4 to calculate her total premium. Round your answer to the nearest cent.
Transcribed Image Text:As the owner of a business, Karen needs fire insurance. Her building is worth $726,000 and the contents are valued at $673,000. Her agent placed the building in structural classification B and area rating 2. Use Table 19-4 to calculate her total premium. Round your answer to the nearest cent.
TABLE 19-4 Annual Fire Insurance Premiums (per $100 of Face Value) Structural Classification A в D. Area Rating Building Contents Building Contents Building Contents Building Contents $.21 $.24 $.32 $.37 $.38 $.42 $ 44 $ 48 38 42 39 48 43 51 57 .69 3 .44 .51 .55 .66 .69 .77 .76 85 4 59 .68 .76 .83 87 1.04 .98 1.27 .64 .73 .92 1.09 1.08 1.13 1.39 1.43
Transcribed Image Text:TABLE 19-4 Annual Fire Insurance Premiums (per $100 of Face Value) Structural Classification A в D. Area Rating Building Contents Building Contents Building Contents Building Contents $.21 $.24 $.32 $.37 $.38 $.42 $ 44 $ 48 38 42 39 48 43 51 57 .69 3 .44 .51 .55 .66 .69 .77 .76 85 4 59 .68 .76 .83 87 1.04 .98 1.27 .64 .73 .92 1.09 1.08 1.13 1.39 1.43
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