How much of her total losses and expenses

Assignment Help Financial Accounting
Reference no: EM132919853

Question - Carmen Viers lost everything to a fire and has spent the last eight weeks living in a motel room at a cost of $6,452. Her dwelling, which was destroyed as a result of a lightning strike, was insured with an HO-2 policy for $403,633. Prior to the loss, her home was valued at $470,000, her detached garage and pool-house were valued at $55,882, and her personal property had an actual cash value of $141,744. To make matters worse she sustained $10,000 in injuries while trying, unsuccessfully, to save her three Greyhound dogs valued at $6,000 each. How much of her total losses and expenses will be reimbursed if she has a $1,000 deductible?

Reference no: EM132919853

Questions Cloud

What is their yield to call : Sadik Inc.'s bonds currently sell for $1,250 and have a par value of $1,000. What is their yield to call
What is the total market value of the firm without leverage : Investors are willing to provide you with $5.5 million in initial capital in exchange for 25% of the unlevered equity in the firm. What is total market value
GSGM7514 Competitive Intelligence & Asian Business Strategy : GSGM7514 Competitive Intelligence & Asian Business Strategy Assignment Help and Solution, UNITAR International University - Assessment Writing Service
Find what is number of outstanding shares at end of year : What is the number of outstanding shares at the end of the year? At the start of the year, X issued 200,000 ordinary shares at 120% of P100 par value
How much of her total losses and expenses : To make matters worse she sustained $10,000 in injuries while trying, How much of her total losses and expenses
Prepare journal entries of anita co : Treasury shares 5,000 were acquired at P160 . Prepare the journal entries related to the independent assumptions that the treasury shares were reissued for
Identify two mechanisms in place or parties : Identify two mechanisms in place or parties (internal or external to the firm) that exist to deter this behavior. For each of the two mechanisms and/or parties
Which of the insights is false : The trade-off theory provides several insights to financial managers concerning optimal capital structure. Which of the following insights is false?
Why is the strategic plan important to capital budgeting : Why is the strategic plan important to capital budgeting? What does the Net Present Value (NPV) of a project measure

Reviews

Write a Review

Financial Accounting Questions & Answers

  How two contracts should be presented in turner sister

Only contract A's performance obligation is satisfied over time. Show how two contracts should be presented in Turner Sister's financial statements for 2019.

  How come goes into the credit side of the adjustment section

How come goes into the credit side of the adjustment section of a worksheet? If have a supplies expense listed at $15,000 in the debit side of a trial balance

  Distinct entity from the owners

Which organizational form allows the business to be a separate, distinct entity from the owners

  Record issuance of the bonds on december

Record issuance of the bonds on December 31, 2020, the payment of interest and amortization on June 30, 2021, and on December 31, 2021

  Variable manufacturing costs per unit

Variable manufacturing costs per unit $103 Total fixed manufacturing costs ?$525,000 Variable marketing and administrative costs per unit $33

  Find the firms are roa and asset turnover ratio

2920 which represents 20 days sales total assets are 73,000 the firms operating profit margin 6% find the firms are ROA and asset turnover ratio

  How to record accrued interest receivable

how to record "Accrued Interest Receivable" if you already have recognized " Unearned Interest Income"? what would be the most appropriate debit accountin partner with its credit account "Interest Incom"?

  What is the estimate of the bid-ask spread of the stock

Using the Roll model, what is the estimate of the bid-ask spread of the stock (measured in percent of the average price of $50)?

  Determine what will the portfolio new beta be

The required return on the stock market is 11.00%, and the risk-free rate is 4.25%. What is the difference between A's and B's required rates of return?

  How do record the HST on Sales account

How do you record this? Is it a Debit of $1,387 to HST on Sales and a Credit of $841 on the HST on Purc/Serv. account ?? know that $546 will be a credit

  Present value-sarah wiggum

If Sarah can earn 8 percent annually for the next 28 ?years, the amount of money she will have to invest today is ?$ nothing. ?(Round to the nearest? cent.)

  Bknight trading has two divisions

BKnight Trading has two divisions, Penang and Ipoh, whose performance are under evaluation.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd