The Wings and Things owns a building valued at 2,154,000 but has decided to insure it for only 1,542,000. Their insurance policy stipulates coinsurance of 80. If a fire were to cause 685,000 in damage, how much would the insurance company pay on the claim? (Round your answer to the nearest cent)
A) 612,970.06
B) 503,000.00
C) 635,403.86
D) 667,329.21
Question 2
The last semimonthly payroll of Capital Construction was 77,763.00 of gross wages for 49 employees. The company pays 4.9 of payroll for vacations and sick leave and 62.19 per employee for health insurance. What percent of payroll is the total cost of fringe benefits? (Round your answer to the nearest tenth of a percent)
A) 3.9
B) 4.9
C) 8.8
D) 55.6
