Author Question: A flood caused 602,000 in damages to a building owned by Garcia Engineering. The building, valued at ... (Read 116 times)

yoooooman · **on:** Jun 24, 2018

A flood caused 602,000 in damages to a building owned by Garcia Engineering. The building, valued at 915,000, was insured for 686,000 despite a coinsurance requirement of 90 in their policy. How much of the loss will be covered by the insurance company? (Round your answer to the nearest cent)
A) 602,000.00
B) 606,938.65
C) 501,483.91
D) 596,000.00

Question 2

Seaside Hotels employs 64 workers with a gross weekly payroll of 41,536.00. Fringe benefits are 36.33 per employee for dental insurance and 8.86 per employee for discount club memberships. What percent of payroll is the total cost of fringe benefits? (Round your answer to the nearest tenth of a percent)
A) 5.6
B) 7.0
C) 1.4
D) 19.6