User Account

All Pages

What amount will the insurance company pay for the damages

Assignment Help Accounting Basics
Reference no: EM133149392

Question - Determining What Amount the Insurance Company will Pay for the Damages - Eric and Susan just purchased their first home, which cost $170,000. They purchased a homeowner's policy to insure the home for $160,000 and personal property for $95,000. They declined any coverage for additional living expenses. The deductible for the policy is $500.

Soon after Eric and Susan moved into their new home, a strong windstorm caused damage to their roof. They reported the roof damage to be $27,000. While the roof was under repair, the couple had to live in a nearby hotel for three days. The hotel bill amounted to $720. Assuming the insurance company settles claims using the replacement value method, what amount will the insurance company pay for the damages to the roof?

Reference no: EM133149392

Questions Cloud

Explain the objectives of analyzing the industry environment : Explain the objectives of analyzing the industry environment. Discuss the objectives of conducting an internal environment analysis
Present an action plan for implementing strategy : 1) Develop a policy statement for your employees that describes how your company (Should be Safety Insurance Company) feels about customer retention.
How much is the investment income for december : Latvia Company reported a net income of P5,000,000 for the year ended December 31, 2021. How much is the investment income for December
Contrast the two store managers : Adam Gerrit glanced up from the cash register as his first customers of the day walked into Jake's Pet Land, a neighborhood pet store that is part of a small, r
What amount will the insurance company pay for the damages : Assuming the insurance company settles claims using the replacement value method, what amount will the insurance company pay for the damages to the roof
What is a brief overview of senors and healthcare : What is a brief overview of senors and healthcare S.O: a transformative shift in virtual care through emerging digital health technologies
Name two examples of source data : 1. Identify two business effects resulting from low-quality information?
When is the intra-entity gross profit recognized : The inventory cost $30,000 and was sold to Lord for $44,000. For consolidation reporting purposes, when is the $14,000 intra-entity gross profit recognized
Firms operating in the formal economy : 1. When firms consider analyzing their competition, should they include firms in the informal economy? Please explain why or why not.

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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