This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Martin Insurance Company issued insurance policies on buildings A and B in the same area for one ... (Read 214 times)

mpobi80

  • Hero Member
  • *****
  • Posts: 519
on: Jun 24, 2018
Martin Insurance Company issued insurance policies on buildings A and B in the same area for one year at a premium rate of 5.50 per thousand. Building A was insured for 75,000 . Building B was insured for 83,000 . Martin Insurance Company had a short-rate refund policy based on a penalty of 10 of the annual premium. At the end of the second month, building A was sold and the policy canceled by the building owner. At the end of the sixth month, Martin Insurance Company canceled the insurance on building B. Compute the amount Martin Insurance Company earned altogether by insuring buildings A and B.

Question 2

Allied Industries, Inc insured an office building for 390,00 . for one year at a premium rate of 7.10 per thousand. At the end of nine months, the insurance company canceled the policy. Compute the amount of the refund received by Allied Industries, Inc


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

14vl19

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 24, 2018
Answer to Question 1

338.25

Answer to Question 2

692.25


mpobi80

  • Member
  • Posts: 519
Reply 2 on: Jun 24, 2018
Gracias!

nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Lion at Melbourne Zoo enjoying an elevated grassy area with some tree shelter Lion at Melbourne Zoo enjoying an elevated grassy area with some tree shelter
Lung cancer. Photograph of part of a lung removed after death. The yellow area is a large tumor and Lung cancer. Photograph of part of a lung removed after death. The yellow area is a large tumor and
A typical reception area in a medical office. A typical reception area in a medical office.
Two areas of reduced cortical volume and one area of increased cortical volume observed in people ... Two areas of reduced cortical volume and one area of increased cortical volume observed in people ...
Apply the body wrap substance to the back with long, smooth strokes, covering the area thoroughly. Apply the body wrap substance to the back with long, smooth strokes, covering the area thoroughly.
What cause the white spot area on throat? What cause the white spot area on throat?
Video: Gastrulation: cross section of the frog

For a complete list of videos, visit our video library