Find the Amount Paid by Each of the Multiple Carriers

question 58

Multiple Choice

Find the amount paid by each of the multiple carriers.
-The Star Tool Company had an insured fire loss of $1,416,000. It had insurance coverage as follows: Company A, $4,500,000; Company B, $2,500,000; and Company C, $1,000,000. Find the amount paid by each carrier assuming that the coinsurance requirement had been met.

• A)$767,000, $413,000, $236,000
• B)$796,500, $442,500, $177,000
• C)$826,000, $413,000, $177,000
• D)$855,500, $354,000, $206,500

Understand and calculate the components of the operating cycle.

Comprehend the calculation of the cash cycle and its importance in corporate finance.

Learn how to calculate the accounts receivable period.

Understand how inventory management and turnover rates impact the operating cycle.

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Definitions:

Brain Tumor

An abnormal growth of cells within the brain or the central spinal canal.

Visual Perception

The ability to interpret and make sense of visual information from the environment, including recognizing objects, gauging distances, and perceiving colors.

Frontal Lobes

The part of the brain located at the front of each cerebral hemisphere, responsible for higher cognitive functions like decision making, planning, and regulating social behavior.

Temporal Lobes

The regions of the brain located on each side of the brain, below the lateral fissure, involved in processing sensory input into derived meanings for the appropriate retention of visual memory, language comprehension, and emotion association.