a commercial building valued at $200,000 is insured for $140,000 with an 80% coinsurance requirement. after the building is totally destroyed, incurring debris removal expenses of $10,000, how much will the building and personal property coverage form pay?
Answers
The building and personal property coverage form will pay $80,000 after the commercial building has been completely destroyed, incurring debris removal expenses of $10,000.
Coinsurance is a provision in a policy that requires policyholders to insure a certain percentage of the replacement value of their properties. It ensures that the policyholders carry an adequate amount of insurance, which makes the premiums affordable and reduces the insurer's risk.
The commercial building is insured for $140,000 with an 80% coinsurance requirement. The coinsurance provision indicates that the policyholder must bear a percentage of the risk of a loss.
Therefore, the policyholder should insure the commercial building for 80% of its replacement value, which is $200,000. As a result, the policyholder is responsible for $40,000 of any loss, and the insurer is responsible for the remainder.
Let's calculate the amount that the building and personal property coverage form will pay after the commercial building has been totally destroyed, incurring debris removal expenses of $10,000.
Destruction of commercial building's total value is 200,000+10,000 = $210,000
The policyholder's coinsurance obligation is 80% of the replacement value, which is 80% of $200,000 = $160,000, the amount the policyholder must insure the commercial building.
As a result, the policyholder did not fulfill the coinsurance obligation and is underinsured by $20,000 ($160,000 - $140,000).T
he coinsurance penalty is applied to the amount of the loss. The policyholder must pay $40,000 of the loss ($200,000 x 0.20), and the insurer will pay the rest.
The policyholder pays $10,000 for debris removal and $20,000 for the coinsurance penalty, totaling $30,000.
The insurer will pay $140,000 (the amount insured) minus the policyholder's share of the loss ($40,000) and the coinsurance penalty ($20,000), which equals $80,000.
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Related Questions
Jobs that require lower level skills have better benefits, like health insurance, than jobs that require a college education. Please select the best answer from the choices provided T F
Answers
Answer:
False, jobs requiring a higher level of education have more benefits than jobs that require minimal education.
Answer: f
Explanation:
explain socialism, capitalism and mixed economy with their features advantages and disadvantages
Answers
If the marginal benefit of the first donut is 30, the marginal benefit of the second donut is 15, and the marginal benefit of the third donut is 10,
what is the total benefit from eating 2 donuts?
Answers
Answer:
45
Explanation:
Marginal benefit is the additional satisfaction gained from consuming an additional unit of the good. It refers to the advantage associated with the consumption of one more unit of a product. The total benefit is total satisfaction derived from the consumption of goods and services.
The total benefit of consuming two doughnuts is the sum of consuming the first two doughnuts.
= 30 +45
=45
When are conflict resolution skills required in the consumer service industry?
A. When the customer service representative is following up with a customer after their Issue has been resolved.
B. When the customer service representative has personally offended the customer
C. Any time a customer requires assistance from a customer service representative.
D. When the customer is not in a frame of mind to begin the assessment phase of customer service.
Answers
Answer:
C
Explanation:
..
Answer:
When the customer is not in a frame of mind to begin the assessment phase of customer service.
Explanation:
A typical change request form will include which of the following content items?
a summary of previous changes to the project
a description of the change along with the impact of making the change
a change control process flow diagram
an issues log
Answers
A typical change request form will include a description of the change along with the impact of making the change and an issues log.
When submitting a change request, it is important to provide a clear and detailed description of the proposed change. This includes outlining what specific change is being requested and explaining the reasons behind it. Additionally, it is crucial to include an assessment of the potential impact that making the change would have on the project. This helps stakeholders understand the implications and evaluate the feasibility of the requested change.
An issues log is also commonly included in a change request form. The issues log is used to track and document any problems or concerns that have arisen related to the project or its proposed changes. It serves as a repository for capturing and monitoring issues that require attention, resolution, or further discussion.
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A typical change request form usually contains a detailed description of the intended change and the potential impact of implementing it. However, a change control process flow diagram and issues log are not standard content in this form. They are related documents which can supplement the change request form.
Explanation:A typical change request form primarily focuses on the modification requirements for a specific project. The essential contents it usually includes are:
A change control process flow diagram and an issues log could be related documents but they are not typically part of the change request form.
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when consumers are unhappy with a product, they boycott the product and/or store and express dissatisfaction to friends. this is called ________ response.
Answers
When a customer is unhappy with a product, they complain to their friends and threaten to boycott it or the seller. This is what we mean by a private response.
What grievances has the dissatisfied client raised?When a customer complains to the vendor or manufacturer, a vice reaction occurs. The complaint is made to let the firm know how well the distributors' and merchants' goods and services are done, to express unhappiness, to request compensation, to exchange the product, to get the money back, or simply to let the company know how to improve.
What kind of action would you take if a consumer complained that your good or service was defective?Say you're sorry, then get this resolved right away. Refrain from postponing the matter more than is required. Make sure to check in with them a few days after you've resolved the problem.
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What is the difference between needs, wants and demand
Answers
Needs are things that satisfy the basic requirement. Wants are requests directed to specific types of items. Demands are requests for specific products that the buyer is willing to and able to pay for.
Explanation:
:))
John F. Kennedy belleved that a leader should be
A. in the military
B. elected
C.a lifelong student
Answers
Answer:
c
Explanation:
Answer the question below in 1-2 paragraphs. Use specific examples, terms, events, and people! Over the last 100 years, western nations like the United States have had to compete more and more with East Asian economic and political competition. I want you to consider what you have learned about China, Korea, and Japan. What things do you think it is important for US politicians and business leaders to understand about East Asian history? What parts of their history/cultural heritage make them competitive?
Answers
Understanding East Asian history helps US politicians and business leaders navigate cultural nuances, build relationships, and leverage the resilience and innovation of countries like China, Korea, and Japan for effective engagement and collaboration.
What are some key factors contributing to the economic success and competitiveness of East Asian countries like China, Korea, and Japan?Understanding East Asian history is crucial for US politicians and business leaders in order to navigate the complexities of economic and political competition in the region. One important aspect to consider is the rich cultural heritage and historical traditions that have shaped East Asian societies. For example, in China, the concept of guanxi, or personal relationships and networks, plays a significant role in business interactions. Building and maintaining strong connections is vital for success in Chinese business culture. Understanding this cultural emphasis on relationships can help US leaders foster meaningful connections and establish trust with their East Asian counterparts.
Additionally, a deep knowledge of East Asian history provides insights into the resilience, innovation, and work ethic of countries like Korea and Japan. For instance, Korea's transformation from a war-torn nation to a global economic powerhouse, known as the "Miracle on the Han River," showcases their determination and ability to rebound from adversity. Japan's history is characterized by periods of isolation, followed by rapid modernization and industrialization. The success of Japanese companies like Toyota and Sony can be attributed to their emphasis on quality, efficiency, and continuous improvement.
By understanding the historical context and cultural strengths of East Asian nations, US politicians and business leaders can develop more effective strategies for engagement and collaboration. Recognizing the importance of cultural nuances, building relationships, and appreciating the resilience and innovation of East Asian countries can foster mutually beneficial partnerships and promote economic growth in an increasingly competitive global landscape.
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what is the value of ln(-1)
Answers
Undefined
Explanation:
The natural logarithm of a negative number is undefined.
Why is liability an especially important type of car insurance?
Answers
Answer: If you cause a car accident, liability insurance will cover injuries to other people and damage to their property. Liability car insurance, sometimes called "third-party" coverage, is one of the most important types of car insurance.
Explanation:
o Jackie Chan Mining Co. purchased for ¥7 million a mine that is estimated to have 28 million tons of ore and no residual value. o In the first year, 4.7 million tons of ore are extracted. A. Prepare the journal entry to record depletion for the first year. B. Show how this mine is reported on the statement of financial position at the end of the first year.
Answers
A. Journal entry for depletion in the first year: Depletion Expense ¥1,675,000 Accumulated Depletion ¥1,675,000 B. Statement of Financial Position at the end of the first year: Non-Current Assets: Mine ¥5,325,000
Accumulated Depletion ¥1,675,000 Net Mine ¥3,650,000 The journal entry for depletion records the expense incurred from extracting the ore in the first year. The calculation is done by dividing the cost of the mine (¥7 million) by the estimated total tons of ore (28 million) and then multiplying it by the actual tons extracted (4.7 million). On the statement of financial position, the mine is reported as a non-current asset. The cost of the mine (¥7 million) is reduced by the accumulated depletion (¥1,675,000) to arrive at the net mine value (¥5,325,000). The accumulated depletion represents the portion of the mine's value that has been depleted or used up due to ore extraction.
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A United States firm recently won a large contract with a company in Malaysia, by providing the foreign nation's government officials with American cars and a promise of additional monetary gifts. Clearly, this procedure: Group of answer choices violates the Foreign Corrupt Practices Act. defines the common business practices of the foreign nation and should be respected. defines the terms of the business contract, and as long as both parties sign, the agreement is binding. violates the Fair and Balanced Competitive Practices Act.
Answers
Answer:
violates the Foreign Corrupt Practices Act.
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, etc.
The Foreign Corrupt Practices Act (FCPA) is a federal law of the United States of America that explicitly prohibits its citizens and business firms from engaging in bribery of foreign of foreign government officials in order to gain favors or profit their business. This Act was enacted by the 95th US Congress and signed into law by President Jimmy Carter on the 19th of December, 1977.
In this scenario, a United States firm recently won a large contract to provide Malayalam government officials with American cars and a promise of additional monetary gifts. Hence, this procedure clearly violates the Foreign Corrupt Practices Act of 1977.
an addict's demand for heroin is an example of a demand that is perfectly
Answers
An addict's demand for heroin is an example of a demand that is perfectly inelastic. Inelastic demand occurs when the quantity demanded does not significantly change in response to changes in price.
In this case, an addict's demand for heroin is not influenced by changes in price, as they are willing to pay whatever price is necessary to obtain the drug. The addiction to heroin creates a situation where the demand for the drug becomes a necessity, rather than a luxury, leading to an inelastic demand curve. Even if the price of heroin were to increase, an addict would still continue to purchase the drug, resulting in no significant change in the quantity demanded. This is a unique case in economics where the demand curve is almost vertical, reflecting the addiction's strength and the individual's dependence on the drug.
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Increasing complexity of management and challenges of coordination as firms produce more of the same product can be a source of
Answers
Complete Question:
Increasing complexity of management and challenges of coordination as firms produce more of the same product can be a source of
Group of answer choices
a. economies of scale.
b. learning curves.
c. diseconomies of scale.
d. increasing marginal productivity.
Answer:
C. diseconomies of scale.
Explanation:
Increasing complexity of management and challenges of coordination as firms produce more of the same product can be a source of diseconomies of scale.
Diseconomies of scale can be defined as the cost disadvantages or pitfalls that an organization accrues as a result of its expansion or increase the level of production and output. This ultimately implies that, due to an increase in quantity of goods being produced or organizational size, the cost per unit for each product rises.
A cowboy hat manufacturer was interested in knowing how to price his or her work based on data rather than "gut feelings." He or she found that pricing concepts involve a language of special terms. Fill in the blanks with the word or phrase from the drop-down list that is among these special terms and would best complete each sentence. Words may be used more than once.
_____ refers to the portion of sales revenue left over after paying the product costs of cowboy hats. Target ____ are often based on norms in the hat industry. Cost-based pricing for cowboy hats uses the_____ plus a target _____ to calculate the sales price. Other term for margin is _______.
- margin
- markup percentages
- product costs/ markup precentage
Answers
Answer:
the last one
Explanation:
ong answer: right here right now, inc. sells streaming media subscriptionsthe company has grown alot recently and has noticed that it has been getting a larger number of complaints about customer service right here right now arranged for its customer service employees to recieve training on best practices and telephone customer service they have hired you to thoroughly evaluate the training you to arrange a meeting to go over your plans with customer service manager below create a brief meeting agenda including objectives discussion topics each with a estimated amount of time alotted to it and propose next steps your discussion topics should include brief descripters of the areas you plan to evaluate and soon those evaluations should take place include all four levels of evaluation discussed
Answers
Answer:
well i first would welcome everyone and thank you for coming
1. Training what is going well and what needs to change
2.Meeting ask anyone what they think that might help
3.Due times if any work that you assigned tell them if there is a due date
4.Plans to evaluate when the next meeting should be held
Explanation:
if an economy has used up all opportunities to make someone better off (without making someone else worse off) then it has achieved
Answers
If an economy has used up all opportunities to make someone better off without making someone else worse off, then it has achieved Pareto efficiency.
Pareto efficiency, also known as Pareto optimality, is a state in which an economy has allocated its resources in the most efficient way possible, where no individual can be made better off without making someone else worse off. It represents an allocation of resources that maximizes overall welfare without any potential for improvement.
In a Pareto-efficient allocation, all possible gains from trade and reallocation of resources have been exhausted. It implies that any further attempt to improve the well-being of one individual would require sacrificing the well-being of another.
Pareto efficiency serves as a benchmark for evaluating economic outcomes and policies. Economies strive to achieve Pareto efficiency, as it represents an equitable and efficient distribution of resources. However, achieving Pareto efficiency does not necessarily guarantee an equitable distribution of income or address concerns related to social justice. It solely focuses on the allocation of resources without considering the initial distribution or fairness aspects of the economic system.
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3) Bill weighs 220 pounds and is losing 4 pounds each month. Phil weigh 250 pounds and is losing 10 pounds each month. How many months, m, will it take for Bill to weigh the same as Phil? How much will they weigh?
Answers
5 months and 200 pounds
4x5 = 20
220-20
200
10x5 = 50
250-50
200
what is the first step in the comprehensive strategic-management model
Answers
The first step in the comprehensive strategic management model is typically conducting a thorough analysis of the organization's internal and external environment.
This initial step involves evaluating the organization's strengths, weaknesses, opportunities, and threats (SWOT analysis), assessing its competitive position, and understanding the broader industry and market dynamics. By conducting a detailed analysis, decision-makers gain insights into the internal resources, capabilities, and limitations of the organization, as well as the external factors that may impact its performance. This information serves as the foundation for formulating effective strategies and making informed decisions. Understanding the organization's current state and the external landscape is crucial for setting objectives, identifying strategic options, and aligning the strategic management process with the organization's vision and goals.
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John from sales has just sent you an e-mail. He needs a decision made on the Johnson account as soon as possible. You can make the decision, but you feel like you’d like to ask your boss for her advice. Unfortunately, she is in a business meeting, and the decision needs to be made very soon. You decide to take the initiative and ______.
a.
Interrupt your boss to make the decision
b.
Ask a coworker to make the decision
c.
Wait to make the decision
d.
Make the decision
Answers
Answer:
D. Make the decision
Explanation:
The decision needs to be made as soon as possible. Answers B and C both require extra time, which is not an option here. That leaves A and D as possibilities. Answer A makes the least sense of the 4 options (as it would be extremely unprofessional to interrupt a meeting), leaving D as the only reasonable choice.
Select all options that complete the following statement.
Skills for effective note taking include:
focusing on new information first
using short, meaningful phrases, and abbreviations instead of full sentences
using recording devices to eliminate writing or typing
using symbols, diagrams, charts, and tables
Answers
Skills for effective note taking include:
using short, meaningful phrases, and abbreviations instead of full sentences
using recording devices to eliminate writing or typing
using symbols, diagrams, charts, and tables
Effective note taking can be described as taking notes in a manner that would ensure that information is accurately retained and stored for use later.
Skills for effective note taking
Using abbreviations: Making use of abbreviations ensure that notes are taken at a faster rate when compared with writing sentences in full. This is because more time would be spent when making statements in full when compared with using abbreviations.Making use of recorders: It is a known fact that humans talk faster than we write. This makes the use of recorders a wise idea. After classes, the recording can be listened to. Making use of diagrams: diagrams can summarise information effectively. For example, a downward sloping demand curve relays the information that demand is negatively related to the price of the good.
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Answer:
Look below
Explanation:
How does the environment of both the new england and middle colonies affect their economies?.
Answers
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Bill Gates's ______ is treated as synonymous with the base of the pyramid approach.population ecologyshared value approachresource dependencycreative capitalism
Answers
Bill Gates's shared value approach is treated as synonymous with the base of the pyramid approach. The correct option is shared value approach.
Both approaches focus on creating economic opportunities for those at the bottom of the social and economic hierarchy, particularly in developing countries. The shared value approach involves creating business strategies that generate economic value while also addressing societal problems, such as poverty, healthcare, and education. This approach recognizes that businesses can create social and environmental benefits while also generating profits.
The base of the pyramid approach emphasizes creating innovative products and services that are affordable for low-income consumers. Both approaches reflect a commitment to sustainable development and social responsibility, and demonstrate the potential for business to create positive social impact. The correct option is shared value approach.
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Prove that the estimated residuals from a simple OLS regression and the corresponding sample values of X are uncorrelated; that is, summation X_iu_i=0, where u_i, is the estimated residual.
Answers
To prove that the estimated residuals (u_i) from a simple Ordinary Least Squares (OLS) regression and
the corresponding sample values of X (X_i) are uncorrelated, we need to show that the sum of their product is zero:Σ(X_i * u_i) = 0 In a simple linear regression model with one independent variable (X) and one dependent variable (Y), the estimated residuals (u_i) can be calculated as the difference between the observed Y values (Y_i) and the predicted values (Ŷ_i) based on the regression equation:u_i = Y_i - Ŷ_iThe predicted values (Ŷ_i) can be calculated using the regression equation:Ŷ_i = β_0 + β_1 * X_i Where β_0 is the intercept and β_1 is the slope coefficient. Substituting the values of Ŷ_i and u_i into the equation Σ(X_i * u_i), we get: Σ(X_i * (Y_i - Ŷ_i)) Expanding this equation,
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Technician A says that an air chisel is used to dress welds.
Technician B says that paintless dent repair (PDR) tools can be used to remove small dents.
Who is right?
O A only
O Bonly
O Both A and B
Neither Anor B
Answers
Answer:
B
Explanation:
Technician B is right a pdr can be used to remove dents
According to statement, technician b only is correct. Technician B says that paintless dent repair (PDR) tools can be used to remove small dents. Thus, option (b) is correct.
What is Technician?
The term technician is details of a subject or occupation, a computer technician.
Technician is work of repair and expert of work. It is easily handle problem and resolve solution.
As a result, option (b) is correct.
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13. When talking about interest with saving and investing, which option below is correct?
a)Both saving and investing interest works the exact same.
b)Risk and interest have no correlation, so you can do either one and always get a return.
c)) Savings interest is simple, while investing interest is compounded.
d) Investing interest is simple, while saving interest is compounded.
Answers
The correct option is c) Savings interest is simple, while investing interest is compounded.
When it comes to interest with saving and investing, it's important to understand the key differences between the two.
Saving interest refers to the amount earned on the principal amount deposited into a savings account, typically calculated using a simple interest formula. This means that the interest earned is based solely on the initial principal and does not accumulate over time.
On the other hand, investing interest involves the growth of funds through various investment vehicles such as stocks, bonds, or mutual funds. Investing interest is usually compounded, meaning that the interest earned is added to the principal and then reinvested to generate additional returns. This compounding effect allows investments to potentially grow at an accelerated rate over time.
It's crucial to note that risk and interest are indeed correlated in the realm of investing. Higher-risk investments tend to offer the potential for higher returns but also carry a greater chance of loss. In contrast, savings accounts are generally considered low-risk investments with lower interest rates.
Therefore, option c) accurately captures the distinction between saving and investing interest by highlighting that savings interest is simple (not compounded) while investing interest is typically compounded.
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a resource is valuable and rare but neither difficult to imitate nor without substitutes. this should enable the firm to attain a. competitive parity b. a temporary competitive advantage c. no competitive advantage. d. a sustainable competitive advantage
Answers
A resource is valuable and rare but neither challenging to imitate nor barring substitutes. this must enable the firm to achieve temporary competitive/aggressive advantage.
The competitive advantage done from a aid that is each precious and uncommon is typically brief lived though. Competitors will shortly recognize and can imitate the resource barring too an awful lot trouble. Therefore it is only a brief competitive advantage.
What are the 3 competitive advantages?There are three essential sorts of sustainable competitive advantage: differentiation, cost leadership, and focal point advantage.
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https://brainly.com/question/23412330#SPJ4Kara George received a $16,000 gift for graduation from her uncle. If she deposits this in an account paying 5 percent, what will be the value of this gift in 12 years
Answers
Based on the amount of the gift that Kara George received and the interest rate, the value in 12 years would be $28,733.70.
How much would the gift be worth in 12 years?This can be found with the formula:
= Amount x ( 1 + rate) ^ number of years
Solving gives:
= 16,000 x ( 1 + 5%)¹²
= 16,000 x 1.795856326
= $28,733.70
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What do you mean by a facilitator? What are the major jobs of a facilitator of non formal educational programme
Answers
Explanation:
It is important to note that much of the intermittent formal learning throughout people's....Part of being an effective facilitator of informal learning ( and non-formal education) involves.
Answer:
The definition of facilitate is "to make easy" or "ease a process." What a facilitator does is plan, guide and manage a group event to ensure that the group's objectives are met effectively, with clear thinking, good participation and full buy-in from everyone who is involved.