What amount will the insurance company pay for the damages

Assignment Help Accounting Basics
Reference no: EM133120958

Question - Determining a Property Damage Liability Claim - Kurt has 15/30/10 auto insurance coverage. One evening he lost control of his vehicle, hitting a parked car and damaging a storefront along the street. Damage to the parked car was $12,300, and damage to the store was $8,100.

Required -

(a) What amount will the insurance company pay for the damages?

(b) What amount will Kurt have to pay?

Reference no: EM133120958

Questions Cloud

Expected rate of return-new start corporation : New Start Corporation's stock currently sells for $50 per share. The company just paid a dividend $2, and the growth rate is 6%.
Legal assignment of a borrower life assurance policy : A bank holds a legal assignment of a borrower's life assurance policy which has sufficient cash surrender value to satisfy the loan. Upon discovery that the ass
Role of management accounting and control : Critically evaluate the impact that they have for management accounting practice and management control - role of management accounting and control
What is the value of the firm under plan i : Rolston Corp. is comparing two different capital structures: an all-equity plan (plan I) and a levered plan (plan II). Under plan I, Rolston would have 265,000
What amount will the insurance company pay for the damages : Damage to the parked car was $12,300, and damage to the store was $8,100. What amount will the insurance company pay for the damages
Calculate the value of a bond : Calculate the value of a bond that will mature in 18 years and has a face value of $1000. The annual coupon interest rate is 14 percent, and the investors requi
What is the average expected rate of inflation : Suppose that the annual expected rates of inflation over each of the next five years are 5 percent, What is the average expected rate of inflation
Expected cost of capital of the subsidiary : Tanket is a firm operating in India. It currently does not have any North American operations. It is considering establishing a manufacturing and logistic facil
What will be the expected return and the beta : AT&E has an expected return of 20 percent with a beta of 2.0. What will be the expected return and the beta of your portfolio after you purchase the new stock

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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