Richard owns several retail stores

Assignment Help Finance Basics

Reference no: EM131046818

Richard owns several retail stores. The employees are insured for employee theft under a commercial crime coverage form (loss-sustained form) with an insurance limit of $10,000. Richard discovered that Vera, a long-time accountant, had embezzled $5000 during the current policy period to pay the gambling debts of her son, who had been threatened with bodily harm. What is the liability of the insurer, if any, for the preceding loss? Explain your answer.

Reference no: EM131046818

Questions Cloud

Evaluate different research studies : As you have learned to evaluate different research studies, what elements seem the most important to you for evaluation of the research's quality? Why?

Performance bond-identify the principal-surety : Vasquez Construction has been awarded a contract by a local school board to build a new public school and must provide a performance bond.

What is the international standard involved in this issue : What is the international standard involved in this issue?

Binomial distribution application : Assume that 25 cars of that year and type are randomly selected. In this binomial distribution application, which Excel statement will find the probability of 7 or fewer white luxury cars?

Richard owns several retail stores : Richard owns several retail stores. The employees are insured for employee theft under a commercial crime coverage form (loss-sustained form) with an insurance limit of $10,000.

Voice of a similar sounding female : From past experience, it is known that 90% of one-year-old children can distinguish their mother's voice from the voice of a similar sounding female. A random sample of 20 one-year-old children are given this voice recognition test. Calculate the ..

Kathy owns a large retail electrical store : Kathy owns a large retail electrical store that sells light fixtures, lamps, and electrical equipment. The firm is not insured for employee theft. A risk management consultant recommended adding an ISO commercial crime coverage form to the firm's ..

Question regarding the number of women selected : Two people are selected at random from 6 men and 9 women. The random variable is the number of women selected. Give all possible values of the random variable.

Determining the confidence interval for the time : Their answers revealed a mean of 8.100000000 with a variance of 6 minutes. Construct a 95% confidence interval for the time it takes a salesperson to talk to a potential customer.

User Account

All Pages