Mark owns a building that he insured for $90,000. The replacement cost of the building is $100,000
Mark's property insurance policy has an 80 percent coinsurance clause. Ignoring any deductible, if Mark's building is destroyed by a covered peril, how much will Mark receive from his insurer?
A) $80,000
B) $90,000
C) $101,250
D) $112,500
Answer: B
You might also like to view...
A ______ is a form of retrenchment in which a corporation decides to set up one or more of its business units as a separate company rather than selling it.
a. merger b. acquisition c. spinoff d. selloff
A gain on the sale of a plant assets should be included in which of the following sections of a statement of cash flows prepared using the indirect method?
a. Investing activities b. Operating activities c. Financing activities d. Non-cash investing and financing activities
Dependencies defined by the project team are
A) discretionary dependencies. B) specific dependencies. C) external dependencies. D) mandatory dependencies.
How much would you have to invest today in the bank at an interest rate of 8% to have an annuity of $4,800 per year for 7 years, with nothing left in the bank at the end of the 7 years? Select the amount below that is closest to your answer. (Ignore income taxes.) See separate Exhibit 13B-1 and Exhibit 13B-2 to determine the appropriate discount factor(s) using table.
A. $31,111 B. $2,798 C. $24,989 D. $33,600