Question content area top Part 1 Carmen Viers lost everything to a fire and has spent the last eight weeks living in a motel room at a cost of ​$4 comma 7414,741. Her​ dwelling, which was destroyed as a result of a lightning​ strike, was insured with an​ HO-2 policy for ​$208 comma 336208,336. Prior to the​ loss, her home was valued at ​$255 comma 000255,000​, her detached garage and poolhouse were valued at ​$29 comma 48629,486​, and her personal property had an actual cash value of ​$85 comma 12185,121. To make matters worse she sustained​ $10,000 in injuries while trying without success to save her three Greyhound dogs valued at​ $6,000 each. How much of her total losses and expenses will be reimbursed if she has a​ $1,000 deductible?       Question content area bottom Part 1 The amount of total losses and expenses she will be reimbursed if she has a​ $1,000 deductible is

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Question content area top

Part 1
Carmen Viers lost everything to a fire and has spent the last eight weeks living in a motel room at a cost of
​$4 comma 7414,741.
Her​ dwelling, which was destroyed as a result of a lightning​ strike, was insured with an​ HO-2 policy for
​$208 comma 336208,336.
Prior to the​ loss, her home was valued at
​$255 comma 000255,000​,
her detached garage and poolhouse were valued at
​$29 comma 48629,486​,
and her personal property had an actual cash value of
​$85 comma 12185,121.
To make matters worse she sustained​ $10,000 in injuries while trying without success to save her three Greyhound dogs valued at​ $6,000 each. How much of her total losses and expenses will be reimbursed if she has a​ $1,000 deductible?
 
 
 

Question content area bottom

Part 1
The amount of total losses and expenses she will be reimbursed if she has a​ $1,000 deductible is
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