Find the Amount Paid by Each of the Multiple Carriers

question 79

Multiple Choice

Find the amount paid by each of the multiple carriers.
-A building with a replacement cost of $1,100,000 has fire damages of $360,000. The insurance coverage is split between Company A ($500,000) and Company B ($300,000) . Find (a) the amount of the loss covered and (b) amount paid by each company. (Note that the coinsurance requirement has not been met.)

• A)(a)$327,272.73$204,545.45
• (b)Company A: $204,545.45
• Company B: $122,727.27
• B)(a $360,000
• (b)Company A: $180,000.00
• Company B: $180,000.00
• C)(a)$327,272.73
• (b)Company A: $163,636.36
• Company B: $163,636.36
• D)(a)$360,000
• (b)Company A: $225,000.00
• Company B: $135,000.00

Describe the physical, cognitive, and social changes during puberty and adolescence.

Explain the role of social experiences and cultural influences on child development.

Understand moral development stages, with emphasis on Kohlberg's theory.

Recognize the significance of identity statuses in adolescence and adulthood as per James Marcia's conceptualization.

---

Definitions:

Sales Department

The division of a business that is responsible for selling products or services and generating revenue.

Expense Allocation

The process of distributing or assigning costs to different departments, projects, or cost centers within an organization.

Profit Margin

A financial metric used to assess a company's profitability by calculating the ratio of net income to revenue.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from revenue.