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18. Troy's Tire Mart has a replacement value of $965, 000 and is insured for $588, 000, with an 80% coinsurance feature. How much of the loss will be paid by his insurance company if a fire causes $710, 000 in losses? $568, 000 $735, 000 $772, 000 $540, 777.20

18. Troy's Tire Mart has a replacement value of $965, 000 and is insured for $588, 000, with an 80% coinsurance feature. How much of the loss will be paid by his insurance company if a fire causes $710, 000 in losses? $568, 000 $735, 000 $772, 000 $540, 777.20

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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18. Troy's Tire Mart has a replacement value of $965, 000 and is insured for $588, 000, with an 80% coinsurance feature. How much of the loss will be paid by his insurance company if a fire causes $710, 000 in losses? $568, 000 O $735, 000 $772, 000 $540, 777.20
Transcribed Image Text:18. Troy's Tire Mart has a replacement value of $965, 000 and is insured for $588, 000, with an 80% coinsurance feature. How much of the loss will be paid by his insurance company if a fire causes $710, 000 in losses? $568, 000 O $735, 000 $772, 000 $540, 777.20
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