Oxdale Kennels has insured its building with multiple companies for a total of $1,141,000, of which $855,750 is with Nationwide. Assuming that all coinsurance requirements have been met, how much would Nationwide be responsible for in the event of a $202,000 fire? O $50,500 O $141,400 O $151,500 O $202,000

Oxdale Kennels has insured its building with multiple companies for a total of $1,141,000, of which $855,750 is with Nationwide. Assuming that all coinsurance requirements have been met, how much would Nationwide be responsible for in the event of a $202,000 fire? O $50,500 O $141,400 O $151,500 O $202,000

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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IMA Manufacturing has just purchased a difference in conditions (DIC) policy with a $5 million general limit with a $50,000 deductible. The company's earthquake coverage has a $2 million limit with a $100,000 deductible and a 10 percent participation by the insured in all earthquake losses over the $100,000. If IMA suffers a $1 million earthquake loss, which one of the following is true of the coverage provided? $0 is provided by earthquake coverage; $950,000 is provided by DIC coverage $50,000 is provided by earthquake coverage; $950,000 is provided by DIC coverage $810,000 is provided by earthquake coverage; $0 is provided by DIC coverage $810,000 is provided by earthquake coverage; $190,000 is provided by DIC coverage
What would be the total fire insurance premium for Best Hardware if their $625,000 building belongs in structural classification B? The contents are worth $250,000 and they received an area rating of 1. Use Table 19-4. Round your answer to the nearest cent. A. What is the annual premium for the building? B. What is the annual premium for the contents?
10-15. Jefferson Animal Rescue is a private not-for-profit clinic and shelter for abandoned domesticated animals, chiefly dogs and cats. At the end of 2019, the organization had the following account balances: [See attached image] The following took place during 2020: 1. Additional supplies were purchased on account in the amount of $16,050.2. Unconditional (and unrestricted) pledges of support were received totaling $95,000. In light of a declining economy, 4 percent is expected to be uncollectible. The remainder is expected to be collected in the current year.3. Supplies used for animal care amounted to $17,200.4. Payments made on accounts payable amounted to $17,100.5. Cash collected from pledges totaled $90,500.6. Salaries were paid in the amount $47,500. Included in this amount is the accrued wages payable at the end of 2019. (The portion of wages expense attributable to administrative expense is $15,000 and fund-raising expense is $2,000. The remainder is for animal care.)7.…
Roger’s office building has a $320,000 value, a 2 rating, and a B building classification. The contents in the building are valued at $105,000. Calculate his total annual premium. (Use Table 20.3.) Total annual premium
Using the replacement cost method, calculate the actual cash value of a roof that was destroyed 15 years after the purchase of it. The roof has a 30-year life span and the insurance company has calculated the replacement cost for the roof at $5,000
Reconstruction cost on your new home is $500,000. You decide to insure it for only what you paid for it - $375,000. 2 years later you have a $150,000 loss. How much will your insurance company pay? $125,600 O $140,625 $150,000 O $75,000

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