+1-415-670-9189
info@expertsmind.com
Ashley purchased a dining room set
Course:- Finance Basics
Reference No.:- EM131134324





Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Finance Basics

Ashley purchased a dining room set for $5000 and insured the furniture on an actual cash value basis. Three years later, the set was destroyed in a fire. At the time of loss, the property had depreciated in value by 50 percent. The replacement cost of a new dining room set at the time of loss was $6000. Ignoring any deductible, how much will Ashley collect from her insurer? Explain your answer.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Finance Basics) Materials
Scenario Analysis. The common stock of Leaning Tower of Pita, Corporation, a restaurant chain, will make the following payoffs to investors next year:
What trends or threats will impact financial environment of healthcare organizations? These may include legislative changes, lack of primary care providers/changing demographi
Mary went on vacation from the UK to the US, so she had to purchase some dollars ($). How many pounds sterling (L) did she exchange for US dollars if she now has $135? Th
The machine will produce 1,500soufflés per year, with each costing $2.30 to make and priced at $4.75. Assume that the discount rate is 14 percent and the tax rate is 34 perc
Explain the difference between committed and discretionary fixed costs. Give examples of each.- Explain why the concept of relevant range is important when dealing with step\
If the current rate of interest is 8% APR, then the future value of an investment that pays $500 every two years and lasts 20 years is closest to: The answer is 10978.91. Be
Group term life insurance and group universal life insurance have different characteristics and objectives. Compare (1) group term insurance with (2) group universal life in
Ashley began saving $5000 per year from age 25 to age 30 and then invested the funds fro another 30 years. Teeto began saving at age 35 and saved $5000 each year until retir