Oxdale Kennels Has Insured Its Building with Multiple Companies for a Total

question 15

Multiple Choice

Oxdale Kennels has insured its building with multiple companies for a total of $1,149,000, of which $976,650 is with Nationwide. Assuming that all coinsurance requirements have been met, how much would Nationwide be responsible for in the event of a $205,000 fire?

• A) $205,000
• B) $172,350
• C) $174,250
• D) $30,750

Understand and calculate inventory payments and purchases based on the given sales, inventory plans, and payment schedules.

Calculate total disbursements based on purchases, sales forecasts, and financial policies.

Determine collections for specific months using the accounts receivable period and sales data.

Understand how to calculate inventory purchases required for future sales based on cost of goods sold percentages and inventory policies.

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Definitions:

Custom Home Elevators

Specially designed elevators for residential homes, tailored according to the specific needs and space requirements of the homeowner.

Manufacturing Cycle Efficiency

A measure of the efficiency of a manufacturing process, calculated as the ratio of productive time to total cycle time.

Custom Home Elevators

Bespoke elevator solutions designed and built to fit within private residences, tailored to the specific requirements and preferences of the homeowner.

Throughput Time

The total time taken to manufacture a product, from the start of production to its completion.