Riverside Roller Skating had property valued at $435,000 and insured for $225,000. The fire insurance policy contained an 80% coinsurance clause. What was the coverage ratio? (Round to the nearest tenth of a percent)
64.7%
You might also like to view...
Given the following information, determine the cost of goods sold.
A) $504,500
B) $613,500
C) $604,000
D) $296,500
A merchandising business
A) that uses a manual accounting system usually uses only two special journals B) that uses a computerized accounting system usually uses only five special journals C) is required to use a computerized accounting system because of the volume of journal entries D) that uses a computerized accounting system usually uses no special journals
What does "simple population growth" mean?
a. The population growth is simply a monitor of higher fertility rates b. That the same relative flows contain more people c. That they are not compound factors contributing to the growth rate d. That rapid population growth is correlated to the growth in the rate of immigration
A floating lien "floats" with an item of property, such as a specific piece of inventory, as its ownership transfers from seller to buyer.
Answer the following statement true (T) or false (F)