What was the probable reason he was not covered

Assignment Help Financial Management
Reference no: EM131055126

Antoine LaDuke suffered a major loss on his older home due to mud from a flood. Although he had homeowner's insurance, what was the probable reason he was not covered?

This is a personal liability issue.

Older homes are excluded from flood-related damages.

His policy excluded flood-related damages.

His home was probably too expensive.

Reference no: EM131055126

Questions Cloud

Evaluate the level of sox regulations : Evaluate the level of SOX regulations that applies to for-profit and not-for-profit health care organizations, indicating whether or not mandating SOX requirements for non-profits might reduce fraud and increase corporate governance
How you will attain product knowledge about the item : Select an organisation with which you are familiar t-provide the context for this project. You have been asked t-purchase a new laptop computer. Provide the following information relating t-the purchase-explain how you will attain product knowledge a..
Discount to active and retired military personnel : Home Depot, a home and garden supply store, offers a 10% discount to active and retired military personnel, reservists, and to their families. Home Depot certainly has some market power, and can identify military personnel using their military ide..
What is the health issue : Which racial/ethnic minority group did you choose? Explain how your intervention program will address the cultural and language characteristics of your chosen group. What is your plan for delivering appropriate health education and care to this gr..
What was the probable reason he was not covered : Antoine LaDuke suffered a major loss on his older home due to mud from a flood. Although he had homeowner's insurance, what was the probable reason he was not covered?
How will the event inconvenience the users : how will the event inconvenience the users when the system uses the processor pool model and the crashed component is a processor in the model
About the internal rate of return : Peace of Mind, Inc. (PMI), sells extended warranties for durable consumer goods such as washing machines and refrigerators. When PMI sells an extended warranty, it receives cash up front from the customer, but later PMI must cover any repair costs th..
Understand by the term opportunity cost : In meeting the high demand with limited resources consumers have to practice the opportunity cost. What do you understand by the term opportunity cost?
Compare between reflexology and massage techniques : Has reflexology been demonstrated to facilitate the healing process and provide relief to those suffering from anxiety and pain? If so, what mechanisms can be identified?

Reviews

Write a Review

Financial Management Questions & Answers

  Calculate the holding period return on a before-tax basis

Mary and Nick Stalcheck have an investment portfolio containing 4 investments. It was developed to provide them with a balance between current income and capital appreciation. Calculate the holding period return on a before-tax basis for each of thes..

  Characterize the foreign exchange exposure

As a manager of an Italian clothing manufacturer, you are interested in buying a new high-speed production machine. There are two different companies – both based in the US – that sell this (identical) machine. Suppose you buy the machine from Compan..

  Total assets the remainding capital structure is financed

The debt of this company is currently 60% of the total assets the remainding capital structure is financed with common equity with a cost of 3%. The cost of the debt was $800,000 the entire $10,000,000 of the firm's liabilities. Please calculate the ..

  What is the dollar amount of income

London purchased a piece of real estate last year for $85,000. The real estate is now worth $103,500. If London needs to have a total return of 0.20 during the year, then what is the dollar amount of income that she needed to have to reach her object..

  What will be the price of each bond if their yields increase

Interest Rate Risk. Consider three bond with 8% coupon rates, all making annual coupon payments and all selling at face value. The short-term bond has a maturity of 4 years, the intermediate-term bond has maturity 8 years, and the long-term bond has ..

  What is the implicit cost of trade credit under these terms

Home Depot sells on terms 2/20 net 70, what is the implicit cost of trade credit under these terms. Use 365 day year. Round 2 decimals in percentage…

  Business concept-appropriate for sole proprietorship

What business concept would be appropriate for a sole proprietorship? A corporation? A limited liability company? If you were opening your dream business, what structure would you select? Why?

  What is the length of the firms operating cycle

ABC Foods has a receivables turnover rate of 15.1, a payables turnover rate of 8.7, and an inventory turnover rate of 12.4. What is the length of the firm's operating cycle?

  A baller has been offered the new contracts

A Baller has been offered the following new contracts. All are guaranteed. If the discount rate is 6% how much is each worth today? Which do you think is the best option? Why? A yearly contract for $20 million per year for each of the next 4 years. A..

  Whats the present value

What’s the present value of $4,500 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semi annually?

  Compute the no-arbitrage price of a treasury note

Suppose an investor would like to buy 200 Treasury notes. The investor wants notes with an annual coupon rate of 7%, a 3-year maturity, and semi-annual coupon payments. Assume each Treasury note has a par value of $1,000. Assuming the yield curve is ..

  What is the expected value of the outcomes

Firm X is considering a project and its analysts have projected the following outcomes and their probabilities. 30% chance of Net Income being $4,600; 45% chance of Net Income being $7,800 and 25% chance of Net Income being $13,500. What is the expec..

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