Reference no: EM131224000
Michael is a college senior who is majoring in marketing. He owns a high-mileage 2005 Ford that has a current mar ket value of $2,500. The current replacement value of his clothes, television, stereo, cell phone, and other personal property in a rented apartment totals $10,000. He uses disposable contact lenses, which cost $200 for a six-month supply. He also has a waterbed in his rented apartment that has leaked in the past. An avid runner, Michael runs five miles daily in a nearby public park that has the reputa- tion of being extremely dangerous because of drug dealers, numerous assaults and muggings, and drive-by shootings. Michael's parents both work to help him pay his tuition. For each of the following risks or loss exposures, identify an appropriate risk management technique that could have been used to deal with the exposure Explain your answer.
a. Physical damage to the 2005 Ford because of a col- lision with another motorist
b. Liability lawsuit against Michael arising out of the negligent operation of his car
c. Total loss of clothes, television, stereo, and personal property because of a grease fire in the kitchen of his rented apartment
d. Disappearance of one contact lens
e. Waterbed leak that causes property damage to the apartment
f. Physical assault on Michael by gang members who are dealing drugs in the park where he runs
g. Loss of tuition assistance from Michael's father, who is killed by a drunk driver in an auto accident
Davenport corporation
: Davenport Corporation's last dividend was $7.00 and the directors expect to maintain the historic 3 percent annual rate of growth. You plan to purchase the stock today because you feel that the growth rate will increase to 5 percent for the next t..
|
What steps are involved in the delegation process
: What steps are involved in the delegation process? Are there any steps that should be included that are not already included? How does an effective delegation process affect an organization?
|
What was the sales for the 2nd month
: Q1: What were the purchases ($) for the 1st month?
|
Calculate the future value given
: Question 1. Calculate the future value given the following information: present value = $500; number of periods = 4; interest rate of 5%.
|
Identify an appropriate risk management technique
: Total loss of clothes, television, stereo, and personal property because of a grease fire in the kitchen of his rented apartment
|
Interbank lending and borrowing rate
: Speculation). Blue Demon bank expects that the mexican peso will depriciate against the dollar from its spot rate of $0.15 to $0.14 in 10 days. The following interbank lending and borrowing rate exist:
|
Discuss the five main types of regional trade agreements
: Discuss the five main types of regional trade agreements. What are their primary characteristics? How does Mexico's GDP per person compare to that of the Parted States? Discuss the different approaches economists can use to make this calculation.
|
How is this true or not true
: Many people claim that playing the stock market is like gambling. How is this true or not true? What should be one's approach to the stock market?
|
What is the annual rate of return of purchase
: Assume that part of the US is worth an average of $5,000per acre in 2015. What is the annual rate of return of this purchase for the U.S.?
|