Question: Case Study 2: (remember to include your calculations. Just an answer will not receive full credit.) You are the owner of a chain of 3


Case Study 2: (remember to include your calculations. Just an answer will not receive full credit.) You are the owner of a chain of 3 successful restaurants with the following number of seats at each location: airport - 340 seats; downtown - 218 seats; and suburban - 164 seats. 1. If the liability insurance premium is $16,000 per year, how much of that premium should be allocated to each of the restaurants based on percent of total seating capacity. 2. If you open a fourth restaurant at the beach that has 150 seats and the liability insurance premium increases by 18%, what is the new allocation of insurance premium among the 4 locations
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