How much will his insurance pay for their claims

Assignment Help Finance Basics
Reference no: EM13300579

Kevin's auto insurance liability limits are $40,000/$80,000/$40,000 and his collision deductible is $5,000. He recently ran into a Rolls Royce. Three people in that car sustained bodily injuries; the driver's injuries were worth $20,000; a passenger received injuries worth $12,500; and another passenger received injuries of $17,000. How much will his insurance pay for their claims?

a. $39,000

b. $39,000

c. $40,000

d. $49,000

e. $49,500

 

Reference no: EM13300579

Questions Cloud

What is the current yield on the following bond : What is the "current yield" on the following bond?
Evalaute the missing value in each problem : Calculate the missing value in each problem. a. delta G=?; delta H=-217 kJ/mol; delta S=151 J/mol*K; T=451 K b. delta G= -20.4 kJ/mol; delta H= 107 kJ/mol; delta S= 211 J/mol*K; T
Compute the free cash flow for your company : Compute the return on assets, profit margin and asset utilization rate for your company and its competitor and assess your company's competitive financial position - Compute the free cash flow for your company and its competitor.
Define the ph of the solution be after the addition : You have 500.0 mL of a buffer solution containing 0.30 M acetic acid (CH3COOH) and 0.20 M sodium acetate (CH3COONa). What will the pH of this solution be after the addition of 20.0 mL of 1.00 M NaOH solution
How much will his insurance pay for their claims : Three people in that car sustained bodily injuries; the driver's injuries were worth $20,000; a passenger received injuries worth $12,500; and another passenger received injuries of $17,000. How much will his insurance pay for their claims?
Write the mass balance equation for a completely mixed lake : Write the mass balance equation for a completely mixed lake with an impulse input of mass,M, added at time t=0. Assume the lake is of constant volume, V, with continuous outflow, Q, and a conservative substance.
How much will they be reimbursed for their auto : An antique car (recently purchased for $10,000) was in the garage and totally destroyed. How much will they be reimbursed for their auto from their homeowner's policy?
Product placement : Literature review on the topic of Product Placement: "Does product placement provide marketers with a better tool for raising awareness or changing attitudes? Discuss" Requirements:
Determine the magnitude r of the downward force : The guy wires AB and AC are attached to the top of the transmission tower. The tension in cable AB is 8.6 kN. Determine the required tension T in cable AC such that the net effect of the two cables is a downward force at point A.

Reviews

Write a Review

Finance Basics Questions & Answers

  Compute the maximum price per share

Newman Manufacturing is planning a cash purchase of the stock of Grip Tool. During the year just completed, Grips earned $4.25 par share and paid cash dividends of $2.55 per share.

  Find the payment of insurance policy

Christina Haley of San Marcos, Texas, age 61, recently suffered a severe stroke. She was in intensive care for twelve days and was hospitalized for 18 more days.

  Find the total carrying cost and restocking cost

Auto Parts sells 1,200 electric parts per week and then reorders another 1,200 parts. If the relevant carrying cost per electric part is $4 and the fixed order cost is $750,

  Firm gives a stock option to employees

Which of the following is an acceptable method of accounting for employee stock options and  Which is the date when a firm gives a stock option to employees?

  M and a-capm and valuation

What are the major valuation methods for financial assets? What projection should you make and what variables should you estimate? Please discuss the general valuation process

  Evaluation of 360-degree performance

Many companies at present use 360-degree performance evaluations. Make a case for this type of evaluation based on the informativeness principle.

  Finding present value and annual payments

Calculate the present value of $90,000 to be received 14 years from now if the decision makers opportunity cost 10 percent. Find out the present value at 9 percent of each of following five cash inflow streams. Suppose that cash inflows take place ..

  Compute the value of stock

Brushy Mountain Mining Corporation's ore reserves are being depleted, so its sales are falling. Also, its pit is getting deeper each year, so its costs are increasing.

  What is annual payment on this loan for cooley landscaping

The bank is willing to loan the funds at 8% interest with annual payments at the end of the year for the next 10 years. What is the annual payment on this loan for Cooley Landscaping?

  Make journal entry to record transaction

Steve Smith, the owner of Steve's bowling alley, bought $10,000 of bowling shoes on 1/31/07. He paid $5,000 in cash, and applied rest on account.

  What are the uses of the eoq model

What are the uses of the EOQ model? What questionable assumptions are being made by the EOQ model?

  Bond returns is consistent with this portfolio standard

Illustrate what correlation between the stocks also bond returns is consistent with this portfolio standard deviation.

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