Michelle purchased a homeowners 3 policy

Assignment Help Finance Basics

Reference no: EM131047065

Michelle purchased a Homeowners 3 policy with no special endorsements to cover her home and personal property. A fire occurred and destroyed a big screen television. Michelle paid $4000 for the TV new, and it was 25 percent depreciated when the fire occurred. The replacement cost of a similar television is $3800. Ignoring any deductible, how much will Michelle collect for the loss?

Reference no: EM131047065

Questions Cloud

Document possible improvements for future projects : Post-implementation audits are not an official output of the closing processes but are sometimes required by organizations to evaluate project goals, review successes and failures, and document possible improvements for future projects. What is yo..

What is the value of his outside or next best alternative : Fred is a salesman who can sell enough to generate $200,000/year worth of profit for his company. He earns only $110,000 in compensation.

Reaping the benefits of change : Many companies today are keenly focused on "reaping the benefits of change" in terms on implementation of best practices, target markets, new product introduction and measuring of effectiveness and efficiency of the "new way" of doing things. The ..

How much does labor earn if they can move first : In the game above, how much does Labor earn if they can move first?

Michelle purchased a homeowners 3 policy : Michelle purchased a Homeowners 3 policy with no special endorsements to cover her home and personal property. A fire occurred and destroyed a big screen television.

What are the service levels : To achieve a 99% service level, what should be the reorder point? What are the service levels (probability of not having a stock out) if the salt is reordered when the inventory level drops to

Who is likely to be the better bargainer : Pete and Lisa are entering into a bargaining situation in which Pete stands to gain up to $5,000 and Lisa stands to gain up to $1,000, provided they reach agreement. Who is likely to be the better bargainer?

Heather owns a home with a replacement cost : Heather owns a home with a replacement cost of $400,000 that is insured under a Homeowners 3 policy for $280,000. The roof was badly damaged in a severe windstorm, and it will cost $20,000 to repair the roof. The actual cash value of the loss is $..

Does mentoring help to reduce criminal activity among gang : State the null and alternative hypotheses in words and symbols. The symbols should show expected differences in population mortality rates between the trial arms (note the term "trial arm" means trial group (AZT group and placebo control group)...

User Account

All Pages