Nicole has a weekend home on Pecan Island that she purchased in 2013 for $250,000. Recently, the home was appraised at $260,000. After the appraisal, a hurricane hit Pecan Island, severely damaging Nicole's home. The hurricane was declared a federal disaster. An appraisal placed the value of the home at $140,000 after the hurricane. Because of its prohibitive cost, Nicole had no hurricane insurance. Before any reductions or limitations, Nicole's casualty loss amount is
A. $10,000.
B. $140,000.
C. $120,000.
D. $0.
Answer: C
You might also like to view...
Swansea can easily answer questions about complex finance issues within the bank, yet her knowledge is beyond what can be easily trained. She has worked in the organization for so long that she has a feel or instinct for how to navigate tough issues beyond what she can easily articulate. This is an example of ______.
A. value B. rareness C. tacit knowledge D. emotional intelligence
The ability to pay bills when due and to meet unexpected needs for cash most closely describes
a. cash flow adequacy. b. long-term solvency. c. liquidity. d. profitability.
Jake purchases 500 shares of common stock. Evidence of the purchase of that stock is called a stock _____________.
Fill in the blank(s) with the appropriate word(s).
What is the simplex method?
What will be an ideal response?