If an insured has actual cash value coverage, how much would he collect given the following facts?
1 ) Replacement cost of the building is $200,000,
2 ) Replacement cost of the loss is $30,000,
3 ) Estimated total useful life is 30 years, and
4 ) Building has been in use 15 years.
A) $70,000
B) $45,000
C) $30,000
D) $15,000
D
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Corporate board members must make a diligent effort when making decisions. This is called the ______.
A. duty of loyalty B. duty of independence C. duty of care D. duty of commitment
Which of the following is true of a promissory note?
A) It is a three-party transaction. B) It is not an order to pay. C) The party who makes the promise is the lender. D) The payee cannot transfer a note to a third party.
Given the following information, determine the cost of goods manufactured
Direct Labor Incurred $62,000 Manufacturing Overhead Incurred 177,000 Direct Materials Used 151,000 Finished Goods Inventory, Jan. 1 197,000 Finished Goods Inventory, Dec. 31 99,000 Work-in-Process Inventory, Jan. 1 221,000 Work-in-Process Inventory, Dec. 31 108,000 A) $390,000 B) $503,000 C) $282,000 D) $188,000
Trust Chemicals is considering changing its credit policy. It conducted a net present value (NPV) analysis for both its existing credit policy and proposed credit policy. The net change in NPV on a daily basis is $20 and the expected return is 10%. Assuming there are 360 days in a year, the increase in the firm's value is _____.?
A. ?$50,000 B. ?$72,000 C. ?$43,000 D. ?$20,000 E. ?$67,000