A company has a property insurance policy with an annual premium of $1330. In recent months, the company is filed for different claims against the policy, a fire to burglaries in a vandalism incident. The insurance company has elected to cancel the policy which has been in effect for 330 days. What is the regular refund due in dollars to the company round your answer to the nearest cent? (I put as an answer 1,202.47 it was incorrect)

A company has a property insurance policy with an annual premium of $1330. In recent months, the company is filed for different claims against the policy, a fire to burglaries in a vandalism incident. The insurance company has elected to cancel the policy which has been in effect for 330 days. What is the regular refund due in dollars to the company round your answer to the nearest cent? (I put as an answer 1,202.47 it was incorrect)

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 4MC

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A company has a property insurance policy with an annual premium of $1130. And recent months the company is filed for different claims against the policy of fire two burglaries and ev vandalisman incident. The insurance company has elected to cancel the policy, which is been in effect for 330 days. What is the regular refund due in dollars to the company round your answer to the nearest cent?
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