If the Value of the Property Is $250,000, the Coinsurance

question 32

Multiple Choice

If the value of the property is $250,000, the coinsurance percentage for the property is 80%, the limit of insurance for the property is $100,000, and the deductible is $250.Calculate the amount paid by the insurer if the amount of loss of property is $40,000.

• A)$38,750
• B)$40,000
• C)$98,750
• D)$100,000
• E)$19,750

Understand the process and importance of recording advance ticket sales and earned revenue from ticket sales.

Gain knowledge in preparing payroll and related journal entries, including computing employee earnings and deductions.

Learn how to calculate employer payroll taxes and other related employer expenses.

Understand the recording and management of short-term notes payable including interest calculations.

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Definitions:

Standard Deviations

A statistical measure indicating the amount of variation or dispersion from the average or expected value, widely used in finance to assess investment risk.

Risk Premium

The extra return expected by investors for holding a risky asset over a risk-free asset, compensating them for the risk of loss.

Treasury Bill

Short-term government securities with maturity periods typically less than a year, considered to be risk-free investments.

Holding-period Return

The total return received from holding an asset or portfolio over a specific period, including dividends or interest and any capital gain or loss.