Chat with AI
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 70
In the following application problems, find the amount of the loss paid by (a) the insurance company and (b) the insured. Assume an 80% coinsurance clause.
GIFT-SHOP FIRE LOSS Indonesian Wonder gift shop has a replacement cost of $395,000. The shop is insured for $280,000. Fire loss is $22,500.
(a) _____
(b) _____
GIFT-SHOP FIRE LOSS Indonesian Wonder gift shop has a replacement cost of $395,000. The shop is insured for $280,000. Fire loss is $22,500.
(a) _____
(b) _____
Explanation
Verified
Verified
Recall the formula, Finding Amount Insu...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
