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.

Reviews

Write a Review

Finance Basics Questions & Answers

  Yield of the three month us treasury bill

A Company will receive 250,000 (GBP) in June. They are debating whether to enter into a three months future contract or do a synthetic forward. If the company decides to use futures contracts, how many contracts do they need to use?

  What will her annual benefit be

At retirement Lillian has 15 years of service and an average salary over the last 3 years of $65,000. What will her annual benefit be?

  What is the percentage change in the price of these bonds

what is the percentage change in the price of these bonds? If interest rates were to suddenly fall by 2 percent instead, what would the percentage change in the price of these bonds?

  Use the risk premium approach

Great Corp has 108,000 shares of common stock outstanding, currently selling at $18.48 per share. Use the risk premium approach and assume a 3% risk premium.

  Understanding 401 and iras

For this assignment, you will prepare a PowerPoint presentation evaluating and explaining the 401(k) and Individual Retirement Accounts (IRAs) at a local community center, where you have been invited to speak.

  Calculate the amount of capital funding the fitness studio

The Fitness Studio, Inc., with the help of its investment bank, recently issued $43.155 million of new debt. The offer price (and face value) on the debt was $1,000 per bond and the underwriter's spread was 5 percent of the gross proceeds.

  What is the holding period return of this bond

The investor expects that six months later the bond will be selling to offer a yield to maturity of 6.6%. What is the holding period return of this bond? Assume semiannual compounding.

  Company''s cost of capital

What is the company’s cost of capital? What is the appropriate discount factor (which may be different) for you to use in evaluating the bus project?

  Type of bankruptcy for business

Write down the different kinds of bankruptcy available to businesses? Is one option more ethical than the other?

  Analyze the approaches to capital structure decisions and

examine the approaches to capital structure decisions and determine which theory is the most applicable across the

  The probability that a vehicle entering the luray caverns

the probability that a vehicle entering the luray caverns has canadian license plates is 0.12 the probability that it

  What is the expected return for the market based on the cap

Gizmo Corp. common stock has a required return of 14.4% and a beta of 1.5. If the expected risk free return is 5%, what is the expected return for the market based on the CAPM?

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