There is a Basic Perils insurance policy in the amount on an unprotected restaurant.The building has a

Fantastic news! We've Found the answer you've been seeking!

Question:

There is a Basic Perils insurance policy in the amount on an unprotected restaurant.The building has a value of $1,000,000. This risk is divided among three companies. There is a deductible, but that is not part of this problem. Company A carries $450,000 of the risk, while Company B carries $350,000, and Company C carries a limit of $100,000. There is an 80% co-insurance clause.How much will each company pay for a $500,000 fire loss?

Posted Date: May 16, 2024 08:00 PM

See More Questions

The current quoted price of a 13% coupon bond is $110. It pays coupon semi-annually. The next coupon will be paid in 6-days (total number of days in this semi-annual period is 181) and the futures...
Multiple Choice Questions: 1. The fraud reporting process can be defined as: a. The process of submitting reports to authorities and insurance companies. b. The process of documenting frauds...
Explain that in hardware terms, failures are measured in mean time between failure (MTBF) and mean time to failure (MTTF). Point out that MTBF and MTTF are sometimes used interchangeably. Also note...
The following financial information is taken from the annual report of Intel Corporation: Using the above data, calculate the companys inventory turnover, inventory-on-hand period, and gross profit...
The Clap Chemical Company needs a large insulated stainless see tank for the expansion of its plant. Clap has located such a tank at a recently closed brewery. The brewery has offered to sell the...
If sales equals $10,000,000, Operating Profit equals 9.00%, Fixed Assets equals $500,000, Inventory equals $1,500,000, Accounts Receivable equals $1,200,000, and Current Liabilities equals...
Table 1 shows the budgeted costs for a 10-week project. Table 2 shows the actual costs through week 6. Table 3 shows the cumulative percentage of work completed through week 6. Create graphs of the...
Job Tango is due in 4 weeks. If the flowtime for this job is 6 weeks, what is this job's tardiness?
The optimum speeds (in kilometers per hour) for 30 hatchbacks Approximate the mean of the frequency distribution. Car Speeds (in kilometers per hour) 20-24 Frequency 8 25-29 16 30-34 5 35-39 1
In the supplier positioning model, the X and Y axes are composed of what?
Is a tier 1 supplier associated with the inbound or outbound logistics of another firm?
The durations (in days) of germination for a random sample of seeds. Find the range, mean, variance, and standard deviation of the sample data set. 25 29 23 24 26 21 28 29 25 26 24 28 26 25 25 26 29...
A company has received a special order for 1,800 units of its product at a special price of $161. The product normally sells for $190 and has the following manufacturing costs: Cost per Unit Direct...
Reichenbach Co., organized in 2018, has set up a single account for all intangible assets. The following summary discloses the debit entries that have been recorded during 2018 and 2019. Instructions...
The _________ curve for a product is the horizontal summing of the demand curves of the individuals in the market.
A change in _________ leads to a change in quantity demanded, illustrated by a(n) _________ demand curve.
An individual _________ curve reveals the different quantities of a particular good a person would be willing and able to buy at various possible prices in a particular time interval, other things...

There is a Basic Perils insurance policy in the amount on an unprotected restaurant.The building has a

Question:

Expert Answer:

Students also viewed these accounting questions