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Find the amount that the insurance company must pay and the amount that the insured must pay

Find the amount that the insurance company must pay and the amount that the insured must pay. 1- Solve the problem.
The Corner Cafe has a replacement cost of $262,000 and is insured for $186,020 with an 80% coinsurance clause. The building has a fire loss of $24,300. How much will the insurance company pay?
Select one:
a. $24,300
b. $25,880
c. $21,566
d. $17,253
2- Find the amount paid by each insurance company. Assume that any coinsurance requirement is met.
Insurance loss: $15,000
Company A coverage: $90,000
Company B coverage: $30,000
Select one:
a. A pays: $11,250
B pays: $3750
b. A pays: $10,500
B pays: $4500
c. A pays: $15,000
B pays: $0
d. A pays: $13,500
B pays: $1500
3- Solve the problem.
A driver injures a bicycle rider. The driver has bodily injury limits of 15/30. In court, the injured rider is awarded damages of $19,000 Find the amount that the insurance company must pay and the amount that the insured must pay.
Select one:
a. $30,000, $0
b. $19,000, $0
c. $15,000, $4,000
d. $0, $15,000
4- Find the book value after the given number of years, using the straight-line method. Round your answer to the nearest dollar.
Find the book value at the end of the first year.
Cost: $4500
Estimated life: 5 years
Estimated scrap value: $700
Select one:
a. $3740
b. $2980
c. $3600
d. $760
7- Solve the problem. Round to the nearest dollar.
Rainbow Ice Cream bought a frozen custard maker that cost $6500. The expected life is 6000 hours of production with a salvage value of $650. Find the book value at the end of the third year. Use the units-of-production method of depreciation given the following production schedule.
Year 1 1530 hours
Year 2 1650 hours
Year 3 1290 hours
Select one:
a. $2119
b. $4381
c. $1469
d. $1657
8- Solve the problem. Round to the nearest dollar.
Central Street bought a rolling machine that cost $76,000. The expected life is 700,000 hours of production with a salvage value of $7600. Find the book value at the end of the third year. Use the units-of-production method of depreciation given the following production schedule.
Year 1 175,000 hours
Year 2 171,000 hours
Year 3 164,000 hours
Select one:
a. $51,000
b. $25,000
c. $20,629
d. $17,400
9- Find the annual straight-line rate of depreciation for the estimated life.
50 years
Select one:
a. 0.2%
b. 1.0%
c. 2.0%
d. 50%
10- Find the amount paid by each of the multiple carriers.
The Hamilton Race Track had a fire loss of $319,000. They had insurance as follows: company A $250,000,  company B, $200,000 ; and company C, $50,000. Find the amount paid by each carrier. Assume the coinsurance requirement is met.
Select one:
a. A pays: $127,600
B pays: $127,600
C pays: $63,800
b. A pays: $319,000
B pays: $0
C pays: $0
c. A pays: $159,500
B pays: $106,333
C pays: $53,167
d. A pays: $159,500
B pays: $127,600
C pays: $31,900

Find the amount that the insurance company must pay and the amount that the insured must pay

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