Find the Amount Paid by Each of the Multiple Carriers

question 77

Multiple Choice

Find the amount paid by each of the multiple carriers.
-The Robins Furniture Company had an insured fire loss of $191,000. It had insurance coverage as follows: Company A, $475,000; Company B, $325,000; and Company C, $175,000. Find the amount paid by each carrier assuming that the coinsurance requirement had been met.

• A)$93,051.28, $63,666.67, $34,282.05
• B)$85,705.13, $61,217.95, $44,076.92
• C)$88,153.85, $58,769.23, $44,076.92
• D)$97,948.72, $61,217.95, $31,833.33

Recognize the common practices and exclusions in the preparation of internal interim financial statements.

Understand the basics of website development and maintenance.

Identify tools and practices for enhancing website functionality and user experience.

Recognize the importance of domain names and hosting in establishing a website's presence online.

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Definitions:

Complementary Pricing

A pricing strategy where products that complement each other are sold together at a price lower than the sum of their individual prices.

Prestige Pricing

A pricing strategy where the price is set higher than average to create a perception of exclusivity and high quality, appealing to status-conscious consumers.

Skimming Strategy

A pricing strategy involving setting high prices initially and then lowering them over time.

Market-Entry Barriers

Obstacles that companies face when trying to enter a new market, which can include regulatory policies, capital requirements, and established competitor advantage.