16) David owns a commercial building with a replacement cost of $4 million. The building is insured on a replacement cost basis for $2.4 million under a fire insurance policy that has an 80 percent coinsurance clause. How much will David collect if the building sustains a covered fire loss with a replacement cost of $80,000? A) $50,000 B) $60,000 C) $66,667 D) $80,000 Answer: B Diff: 2 Question Status:
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “16) David owns a commercial building with a replacement cost of $4 million. The building is insured on a replacement cost basis for $2.4 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
In an economy where heating oil is the primary source of heat for most households, new supplies of natural gas, a substitute for heating oil, are discovered. Natural gas provides heat at a much lower cost.
Answers (1)
A steering committee is geared only towards the highest level of the organization and reports directly to the board of directors or the CEO. T/F
Answers (1)
here is much dispute over the impact that the Internet has had on today's youth. Based on the information you learned in this lesson and the research you will do online, you will write an essay of at least 250 words that will convince the audience
Answers (2)
Which organization is likely to face the most complex task environment - a biotechnology company trying to develop a cure for cancer or a large retailer like the gap or macy's? why?
Answers (1)
Which of the following is a valid reason for using credit? A. Purchasing a car so a homemaker can return to work B. Borrowing for a college education C. Purchasing an item that costs less now than it will later D. Paying for a medical emergency E.
Answers (1)
New Questions in Business
What term refers to a set amount of money kept in the cash register to make change with? A. Excess cash B. Standard cash stock C. Cash drop D. Cash float
Answers (1)
Torres travel's stockholders' equity at the beginning of march 2014 was $200,000. during the month, the company earned net income of $50,000 and paid dividends of $10,000. at the end of march 2014, what is the amount of stockholders' equity?
Answers (1)
In the Keynesian model, it is assumed that, when demand for a firm's product changes, the firm: A. changes prices to meet the demand. B. changes production levels to meet the demand. C. changes prices and production levels to meet demand. D.
Answers (1)
If you purchased a camera in Britain for 100 pounds what would be the price in U. S. dollars if one pound is worth 1.40? A:71 B:100 C:140 D:1400
Answers (1)
Gontier corporation stock currently sells for $64.18 per share. the market requires a return of 12 percent on the firm's stock. required: if the company maintains a constant 5.
Answers (1)