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?
Your company operates a theme park, which has the latest rides and an annual attendance of over 10 million people (around 60,000 people within approximately 80 hectares of guest area on a normal day). In August 2021, a very strong typhoon devastated the area. The roofs were blown away, the Ferris wheel fell down and most of the rides would need major repairs. As the accountant of the company, you are aware that the entity has property all-risk insurance, which covers material damage and business interruption. How would you account for the financial impact of these transactions?
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.…
Integrity Reconstructive is a private, not-for-profit hospital. The following information is available about the operations. Gross patient services charges totaled P4,500,000. Included in the above revenues are: charity services, P165,000; contractual adjustments, P400,000; and courtesy allowances, P14,000. Received marketable securities valued at P115,000 for the purchase of new diagnostic equipment. The marketable securities were sold for P124,000 and diagnostic equipment was purchased at a cost of P138,000. Revenue from the hospital gift shop was P31,000 and from the cafeteria revenues were P160,000. Incurred and paid nursing service costs of P1,000,000 and general service costs of P500,000. How much is the net patient service revenue?
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
Please help me. Thankyou.

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