Maurice Tutor

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About Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 6 Days Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 04 Nov 2017 My Price 7.00

home in Savannah,

LO12 Jorge and his wife own a beachfront vacation home in Savannah, Georgia. Dur- ing the year, high winds from a tropical storm shatter a sliding glass door and rain from the storm causes extensive water damage to the kitchen. Fortunately, during a calm in the storm, Jorge is able to board up the door, which limits the water damage to the kitchen. The items damaged in the storm are:

 

 

Cost

Value Before

Value After

Insurance Proceeds

Kitchen furniture

$2,100

$1,400

$400

$650

TV

250

200

-0-

125

Refrigerator

1,000

950

100

800

Linoleum flooring

1,600

900

-0-

500

In addition, Jorge pays $625 to replace the sliding glass door. The insurance com- pany will not reimburse him for the cost of the new door because the old  sliding glass door did not meet the company’s standards for a hurricane area. What is the amount of Jorge’s casualty loss before considering any annual limitations that may apply?

 

Answers

(5)
Status NEW Posted 04 Nov 2017 10:11 PM My Price 7.00

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