Jay Miller insured his pizza shop for $200,000 for fire insurance at an annual rate per $100 of $.49. At the end of 10 months, Jay canceled the policy since his pizza shop went out of business. Using the tables in the Business Math Handbook that accompanies the course textbook, determine the refund to Jay.
A. $127.40
B. $980
C. $186.20
D. $852.60
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Jay Miller insured his pizza shop for $200,000 for fire insurance at an annual rate per $100 of $.49. At the end of 10 months, Jay canceled ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
There are many buyers who value high-quality used cars at the full-information market price of p1 and lemons at p2.
Answers (1)
A firm pays a current dividend of $1 which is expected to grow at a rate of 5% indefinitely. If current value of the firm's shares is $35, what is the required return applicable to the investment based on the constant-growth dividend discount model
Answers (1)
A company paid Jen Rogers, its sole stockholder, a total of $35,000 in dividends during the current year. The entry needed to close the dividends account is:Debit Dividends and credit Cash for $35,000 Debit Income Summary and credit Cash for $35,000.
Answers (1)
True or false? Elasticity of demand equals the ratio of the percentage change in the price of a good to the percentage change in the quantity demanded.
Answers (1)
A contingent liability: a. is only remotely possible. b. cannot be estimated. c. will result from a future event. d. is a potential liability that has arisen because of a past event or transaction. e.
Answers (1)
New Questions in Business
Orioles Company bought Special Products Division in 2017 and appropriately recorded $741,000 of goodwill related to the purchase.
Answers (1)
If your manager assumed that you are motivated by money and offered incentive pay so that you would earn more money if you did more work, what approach to motivation is being illustrated?
Answers (2)
Where should a company undergoing reorganization report the gains and losses resulting from the reorganization? Select one: a. on the statement of retained earnings. b. on the income statement, separate from other gains and losses. c.
Answers (1)
What are business requirements? Group of answer choices The nonspecific methodology the system must meet to be successful. The specific business requests the system must meet to be successful.
Answers (2)
Teenagers generally want to stay up later in the evening and sleep longer in the morning than children do. this may be due to
Answers (1)