What the total annual premium for fire insurance is

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Problem 1: Mia's office building with a $300,000 value has a rating of 2 with a building classification of A. The contents in the building are valued at $120,000. Using the tables found in the textbook, the total annual premium for fire insurance is

A. $1,046.40.

B. $1,554.

C. $1,064.04.

D. $990.00.

Problem 2: During inflation, the best method to use in inventory valuation that produces the smallest amount of profit is

A. FIFO.

B. weighted average.

C. specific invoice.

D. LIFO.

Problem 3: Suppose Department X is 8,000 square feet, Department Y is 5,000 square feet, and Department Z is 6,000 square feet. What's the percent of overhead expense applied to Department Z? (Round your answer to the nearest whole percent.)

A. 32%

B. 68%

C. 26%

D. 42%

Reference no: EM132675129

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