Word Problem 20-22 (Algo) [LU 20-2 (2)] Earl Miller insured his pizza shop for $340,000 for...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Word Problem 20-22 (Algo) [LU 20-2 (2)] Earl Miller insured his pizza shop for $340,000 for fire insurance at an annual rate per $100 of $0.66. At the end of 5 months, Earl canceled the policy since his pizza shop went out of business. (Use Table 20.4.) What was the cost of Earl's short-rate premium and his refund? Note: Round your answers to the nearest cent. Short-Rate Premium Refund Cost Word Problem 20-22 (Algo) [LU 20-2 (2)] Earl Miller insured his pizza shop for $340,000 for fire insurance at an annual rate per $100 of $0.66. At the end of 5 months, Earl canceled the policy since his pizza shop went out of business. (Use Table 20.4.) What was the cost of Earl's short-rate premium and his refund? Note: Round your answers to the nearest cent. Short-Rate Premium Refund Cost
Expert Answer:
Posted Date:
Students also viewed these finance questions
-
What would be a good response to the following questions? In today's fast-paced world, new laws and technologies come along that can change the way a business operates and its costs structure....
-
BIOPSYCHOSOCIAL ASSESSMENT ASSIGNMENT Students are to complete the below case example for class participation points. The case example is a practice exercise to assist students in applying practice...
-
How would you value AdMob at the end of 2009: (i) as a stand-alone firm, and (ii) as an acquisition target. ijcsm INTERNATIONAL Volume 11 JOURNAL OF CASE STUDIES Issue 1 IN MANAGEMENT April 2013...
-
What is the relationship between group norms and group cohesiveness? What roles do both cohesiveness and norms plan in shaping group performance?
-
What can the inventory turnover ratio tell us? Discuss.
-
Report writing is very time-consuming. What should be added to a trending database to quickly interrogate vibration data yet yield a quality report?
-
During 20x7, Wells Corporation reported a net income of $1,338,400. On January 1, Wells had 720,000 shares of common stock outstanding. The company issued an additional 480,000 shares of common stock...
-
Quick Auto has over 200 auto-maintenance service outlets nationwide. It provides primarily two lines of service: oil changes and brake repair. Oil changerelated services represent 65% of its sales...
-
amount of annuity $33,000 Intrest rate 5% Period (years) 11 calculate as 1. oridnary annuity 2. annuity due
-
Which of the following are questions marketing and production managers address when preparing the production budget? Is there enough production capacity to meet projected sales? All of the answers...
-
What to expect to learn in Advance Federal taxes and Management descisions. No plagiarism please.
-
Conagra shows sales in 2 0 2 1 of $ 5 0 0 , 0 0 0 with a 4 % profit margin and a plowback ratio of 6 0 % ( the dividend payout ratio is expected to remain unchanged ) . Accounts payable is currently...
-
A basketball player jumps straight up for a ball. To do this, he lowers his body 0.315 m and then accelerates through this distance by forcefully straightening his legs. This player leaves the floor...
-
Valenzuela, Incorporated, has a cash cycle of 44 days, an operating cycle of 64 days, and an Inventory period of 27.5 days. The company reported cost of goods sold in the amount of $343,000, and...
-
The system shown at the right is a DC Servomotor with a load attached. The equations for this system are: dlm (t) dt Jegm(t) = KrIm(t) DmOm (t) Jeg = Jm +Jn + JD Vm (t) = RmIm(t) + Lm 2. 3. + K (t)...
-
A retail shop has had the following transactions during the Goods and Service Tax (GST) period of March to June 2021. Calculate the GST paid and the GST collected in each of the following...
-
Sportique Boutique reported the following financial data for 2012 and 2011. Instructions(a) Calculate the current ratio for Sportique Boutique for 2012 and 2011.(b) Suppose that at the end of 2012,...
-
(Efficient frontier) This question relates to the data in the previous question. Calculate and graph the efficient frontier of the stock portfolios composed of stocks X and Y.
-
(Minimum variance portfolio) What will be the weights, the expected return, the variance, and the standard deviation of the minimum variance portfolio combining the stocks below? A B C 234567 X Y 3...
-
(Efficient frontier) This question relates to the data in the previous question. Calculate and graph the efficient frontier of the stock portfolios composed of stocks X and Y. A B C 1 RETURN...
Study smarter with the SolutionInn App