Renee is risk manager of XYZ Company. She purchased a Commercial Package Policy for her company and added one optional coverage
This option suspends the coinsurance clause and substitutes a new agreement covering any loss in the same proportion that the limit of insurance purchased bears to a value specified in the declarations. This provision is known as
A) waiver of inventory coverage.
B) inflation guard coverage.
C) agreed value coverage.
D) replacement cost coverage.
Answer: C
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Washington Enterprises had net income for 2016 of $103,000
Washington had 39,000 shares of common stock outstanding at the beginning of the year and 43,000 shares of common stock outstanding at the end of the year. There were 6,000 shares of preferred stock outstanding all year. During 2016, Washington declared and paid preferred dividends of $29,000. What is Washington's earnings per share? (Round the answer to two decimal places.) A) $2.51 B) $2.40 C) $1.80 D) $1.72
Which of the following is the correct formula for calculating total mixed cost?
A) Total mixed cost = (Variable cost per unit / Number of units) + Total fixed cost B) Total mixed cost = (Variable cost per unit x Number of units) - Total fixed cost C) Total mixed cost = (Variable cost per unit x Number of units) + Total fixed cost D) Total mixed cost = (Variable cost per unit / Number of units) - Total fixed cost