The Jordan Appliance Company Has Two Buildings

question 33

Short Answer

The Jordan Appliance Company has two buildings. Building A is valued at $95,000 and is covered by a $60,000 insurance policy with an 80% coinsurance clause. Building B is also valued at $95,000 and is covered by a $50,000 insurance policy with a 75% coinsurance clause. Both buildings burned to the ground. Compute the amount of insurance money Jordan Appliance Company collected altogether for fire damages.

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Definitions:

Specific Manufacturer

A particular company that produces goods or products within a defined domain of expertise.

Blood-Brain Barrier

A semipermeable barrier of endothelial cells that prevents certain substances in the blood from reaching the brain, while allowing others to pass.

Central Nervous System

The central nervous system is the part of the nervous system consisting of the brain and spinal cord, which is responsible for processing and sending out signals to the body.

Water-Soluble Antibiotics

Antibiotics that can dissolve in water, making them more easily absorbed by the body to fight bacterial infections.