All Season Gifts owns a building valued at $802,000, but has decided to insure it for only $552,000. Their insurance policy stipulates coinsurance of 85%. If a fire were to cause $208,000 in damage, how much would the insurance company pay on the claim? (Round your answer to the nearest cent)

A) $208,000.00
B) $16,190.05
C) $168,425.99
D) $191,800.00


C

Business

You might also like to view...

A ________ is a set of conditions that creates a drive toward action to fulfill a need or want

A) stimulus B) perception C) belief D) motivation E) norm

Business

The variable overhead spending variance is also called the variable overhead rate variance

Indicate whether the statement is true or false

Business

The fundamental trade-off between selling in bulk or on the spot market is

A) different from the situation where a firm serves two market segments. B) similar to the case when a firm serves two market segments. C) similar to the case where a firm must deal with seasonal demand. D) similar to the case where a firm has a perishable asset.

Business

An investor's total investment set may be referred to as ________

A) the stock market B) diversification C) a financial portfolio D) None of the above

Business