How much will his homeowner insurance policy pay

Assignment Help Accounting Basics
Reference no: EM132921689

Question - Jerry Carter's home is currently valued, on a replacement cost basis, at $357,000. When he last checked his policy, his home was insured for $250,511 and he did not have an inflation guard endorsement. If he has a $24,150 claim due to a kitchen fire, how much will his homeowner's insurance policy pay? How much would be paid if his home were totally destroyed? In order to obtain full replacement coverage, how much insurance should Jerry carry on his house? If he has a $24,150 claim due to a kitchen fire, his homeowner's policy would pay nothing.

Reference no: EM132921689

Questions Cloud

Record the transactions in the appropriate journals : Abercrombie Company uses four special journals: Purchases, Sales, Cash Receipts, and Cash Disbursements. Record the transactions in the appropriate journals
Designed to ensure fairness in criminal proceedings : The Due Process model has added many procedures to the criminal justice system that are designed to ensure fairness in criminal proceedings.
Decreased her likelihood of victimization : What made the victim a suitable target for a potential killer? How could she have decreased her likelihood of victimization?
What should be the value of the fingen bonds : Question - Ningen's 19?-year, ?$1,000 par value bonds pay 8 percent interest annually. What should be the value of the Fingen bonds
How much will his homeowner insurance policy pay : Question - Jerry Carter's home is currently valued, on a replacement cost basis, at $357,000. How much will his homeowner insurance policy pay
Three scholarly sources for corrections : Discuss Homicide as it relates to law enforcement, court and corrections. Three scholarly sources for corrections.
Perceptions of policing : Read the Article "Perceptions of policing: improving communication in local communities" by Bain, Robinson and Conser.
What is the bond current market price : Interest is paid annually they have a $1,000 par value, the coupon interest rate is 9%, and the yield to maturity is 5%. What is the bond's current market price
What are the different ways to classify budgeting : What are the different ways to classify budgeting? Who is responsible for evaluating budget performance

Reviews

Write a Review

Accounting Basics Questions & Answers

  Are future costs relevant in the decision-making process

Which costs would be utilized in making the decision to purchase the asset? Are future costs relevant in the decision-making process?

  Describe the current challenges

Describe the current challenges that you are trying to address. BE SPECIFIC.

  What should be the total direct materials cost

What should be the total direct materials cost according to Hoppe's flexible budget for December

  Calculate the amount of income from partnership

Compute the amount of income from the partnership which Potter should report for his tax year ended December 31, 2012.

  How would costs of repairing a defective product be recorded

General Motors Corporation reported $7.0 billion of product warranties. How would costs of repairing a defective product be recorded

  Accounting cycle of organization

Explain the overall accounting cycle of an organization. Include a description of the people, processes, and systems that are integral to the cycle.

  Discuss the return of your investment

if compounded semiannually separated into the return on your investment and the return of your investment

  The following table contains calculations of several key

the following table contains calculations of several key ratios for indianola pharmaceutical company a maker of

  For which events above should an expense be recorded

Helping Hands uses an accrual basis accounting. For which of the events above should an expense be recorded in May? Ineach case, how much expense should be recorded? If an eventdoes not involve an expense, specify why not.

  Conclude about the null hypothesis

If there is no seasonal effect, about how big, on average, would you expect the x2 statistic to be (what is the mean of the x2 distribution)? Does the statistic you computed in Exercise 1 seem large in comparison to this mean? Explain briefly

  The companys average operating assets for year were

residual income midlands design ltd. of manchester england is a company specializing in providing design services to

  Concepts to your current job and career in the future

Reflecting on the past ten (10) weeks, specify what you believe are the two (2) most important concepts you have learned in this course.

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