Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. %%%%%%%% if the homeowner's policy covers 40%

%%%%%%%% If the homeowner's policy covers 40% of the replacement cost...

70.2K

Verified Solution

Question

Accounting

%%%%%%%%
If the homeowner's policy covers 40% of the replacement cost and the actual cash value of the loss is $12,000, what would be the amount of recovery if the repair costs amount to $20,000?
Actual cash value: $12,000
Repair costs: $20,000
Coverage percentage: 40%
Replacement cost: ?
Amount of recovery: ?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Given the DNA sequence below, write out the nucleotides for the complementary mRNA segment that...

Biology
Q

On a hypothetical scale X the ice point is 40 and the steam point is...

Physics
Q

A ball is kicked into the air. It follows a path given by h(t) =...

Basic Math
Q

Fill in the blank with an appropriate word or phr

Calculus
Q

10 Answer 5 1101 Enable Zoom Pan 5 10 Step 2 of 2 Determine the...

Algebra
Q

3 Which is a solution to the system of equations below 6x 2y 50 y...

Algebra
Q

b f x g x 1 3x 7 1 3x x 0 0 f g...

Algebra
Q

Which radical of 49 49 343 and 343 simplify to 7 Choose the correct answer...

Algebra
Q

In recent years, Wildhorse Corporation has purchased three machines. Because of frequent employee turnover in...

Accounting
Q

Problem 6A-5 (Algo) Super-Variable Costing, Variable Costing, and Absorption Costing Income Statements [LO6-2, LO6-6] Bracey...

Accounting
Q

A corp. is a Korean exporting company and is scheduled to receive US dollars in...

Finance
Q

what is a degree of risk aversion is good for a portfolio? Is A=10 fine?

Finance