What would be the total fire insurance premium for Best Hardware if their $685,000 building belongs in structural classification B? The contents are worth $840,250 and they received an area rating of 4. The rates per $100 are found in Table 19-4. (Round your answer to the nearest cent.) a. $12,071.40 b. $12,180.08 c. $14,434.18 d. $14,698.10
What would be the total fire insurance premium for Best Hardware if their $685,000 building belongs in structural classification B? The contents are worth $840,250 and they received an area rating of 4. The rates per $100 are found in Table 19-4. (Round your answer to the nearest cent.) a. $12,071.40 b. $12,180.08 c. $14,434.18 d. $14,698.10
Chapter5: Operating Activities: Purchases And Cash Payments
Section: Chapter Questions
Problem 2.1C
Related questions
Question
100%
What would be the total fire insurance premium for Best Hardware if their $685,000 building belongs in structural classification B? The contents are worth $840,250 and they received an area rating of 4. The rates per $100 are found in Table 19-4. (Round your answer to the nearest cent.)
a. $12,071.40
b. $12,180.08
c. $14,434.18
d. $14,698.10
![Area
Rating
1
2345
Building
$.21
.38
.44
.59
.64
A
Contents
$.24
.42
.51
.68
.73
Building
$.32
.39
.55
.76
.92
Structural Classification
B
Contents
$.37
.48
.66
.83
1.09
Building
$.38
.43
.69
.87
1.08
C
Contents
$.42
.51
.77
1.04
1.13
Building
$.44
.57
.76
.98
1.39
D
Contents
$.48
.69
.85
1.27
1.43](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd39dbd20-9997-451f-a1e3-b0c667f1344e%2Fc020e2eb-2317-4501-9d41-1bb733240097%2Frsvfbwf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Area
Rating
1
2345
Building
$.21
.38
.44
.59
.64
A
Contents
$.24
.42
.51
.68
.73
Building
$.32
.39
.55
.76
.92
Structural Classification
B
Contents
$.37
.48
.66
.83
1.09
Building
$.38
.43
.69
.87
1.08
C
Contents
$.42
.51
.77
1.04
1.13
Building
$.44
.57
.76
.98
1.39
D
Contents
$.48
.69
.85
1.27
1.43
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