Calamity Casualty Insurance Company, a primary insurer, has a surplus share treaty with Whitecherry Re, with a $500,000 retention. Calamity Casualty insured Bob's Bar & Grill for a limit of $2,000,000 and a premium of $1,000. Bob's Bar & Grill submitted a covered loss totaling $400,000. What amount of the loss will Whitecherry Re pay? Show calculations.
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Laurelton heating & cooling installs and services commercial heating and cooling systems. laurelton uses job costing to calculate the cost of its jobs. overhead is allocated to each job based on the number of direct labor hours spent on that job. at the beginning of the current year, laurelton estimated that its overhead for the coming year would be $ 61 comma 500. it also anticipated using 4 comma 100 direct labor hours for the year. in april comma laurelton started and completed the following two jobs: (click the icon to view the jobs.) laurelton paid a $ 20-per-hour wage rate to the employees who worked on these two jobs. read the requirements requirement 1. what is laurelton's predetermined overhead rate based on direct labor hours? determine the formula to calculate laurelton's predetermined overhead rate based on direct labor hours, then calculate the rate. / = predetermined overhead rate
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Calamity Casualty Insurance Company, a primary insurer, has a surplus share treaty with Whitecherry...
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