## MATH Intermediate questions

in 2 hours 10 question!!!1- Solve the problem.The Corner Cafe has a replacement cost of $262,000 and is insured for $186,020 with an 80% coinsurance clause. The building has a fire loss of $24,300. How much will the insurance company pay?Select one:a. $24,300b. $25,880c. $21,566d. $17,2532- Find the amount paid by each insurance company. Assume that any coinsurance requirement is met.Insurance loss: $15,000Company A coverage: $90,000Company B coverage: $30,000Select one:a. A pays: $11,250B pays: $3750b. A pays: $10,500B pays: $4500c. A pays: $15,000B pays: $0d. A pays: $13,500B pays: $15003- Solve the problem.A driver injures a bicycle rider. The driver has bodily injury limits of 15/30. In court, the injured rider is awarded damages of $19,000 Find the amount that the insurance company must pay and the amount that the insured must pay.Select one:a. $30,000, $0b. $19,000, $0c. $15,000, $4,000d. $0, $15,0004- Find the book value after the given number of years, using the straight-line method. Round your answer to the nearest dollar.Find the book value at the end of the first year.Cost: $4500Estimated life: 5 yearsEstimated scrap value: $700Select one:a. $3740b. $2980c. $3600d. $7607- Solve the problem. Round to the nearest dollar.Rainbow Ice Cream bought a frozen custard maker that cost $6500. The expected life is 6000 hours of production with a salvage value of $650. Find the book value at the end of the third year. Use the units-of-production method of depreciation given the following production schedule.Year 1 1530 hoursYear 2 1650 hoursYear 3 1290 hoursSelect one:a. $2119b. $4381c. $1469d. $16578- Solve the problem. Round to the nearest dollar.Central Street bought a rolling machine that cost $76,000. The expected life is 700,000 hours of production with a salvage value of $7600. Find the book value at the end of the third year. Use the units-of-production method of depreciation given the following production schedule.Year 1 175,000 hoursYear 2 171,000 hoursYear 3 164,000 hoursSelect one:a. $51,000b. $25,000c. $20,629d. $17,4009- Find the annual straight-line rate of depreciation for the estimated life.50 yearsSelect one:a. 0.2%b. 1.0%c. 2.0%d. 50%10- Find the amount paid by each of the multiple carriers.The Hamilton Race Track had a fire loss of $319,000. They had insurance as follows: company A $250,000, company B, $200,000 ; and company C, $50,000. Find the amount paid by each carrier. Assume the coinsurance requirement is met.Select one:a. A pays: $127,600B pays: $127,600C pays: $63,800b. A pays: $319,000B pays: $0C pays: $0c. A pays: $159,500B pays: $106,333C pays: $53,167d. A pays: $159,500B pays: $127,600C pays: $31,900