B graduated in 2009 with his bio chemistry degree. She has a good job and already has been promoted for three times in last two years. She purchased a home for $210,000. Now, the value of her house is $270,000. Recently, she has purchased a SUV, which she uses around 45 miles per day. She now feels that she is economically secure. Retirement and savings account together have $35,000. Last night, when she was coming back from her work to her home, she heard on his radio that a man lost his everything in a car accident because he was uninsured. B wants to take care of that. Character in the case: B. Adequate information: Purchase price of home is $210,000. Current price of home is $270,000. Balance in savings and retirement account is $35,000. Average daily travel through car is $45 miles. To explain: Whether B is adequately insured for her personal automobile.

Question

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Answer 1

Question

Chapter 10, Problem 1DC2

Summary Introduction

Case summary:

B graduated in 2009 with his bio chemistry degree. She has a good job and already has been promoted for three times in last two years. She purchased a home for $210,000. Now, the value of her house is $270,000. Recently, she has purchased a SUV, which she uses around 45 miles per day. She now feels that she is economically secure. Retirement and savings account together have $35,000. Last night, when she was coming back from her work to her home, she heard on his radio that a man lost his everything in a car accident because he was uninsured. B wants to take care of that.

Character in the case:

B.

Adequate information:

Purchase price of home is $210,000.

Current price of home is $270,000.

Balance in savings and retirement account is $35,000.

Average daily travel through car is $45 miles.

To explain:

Whether B is adequately insured for her personal automobile.

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Answer 2

Question

Chapter 10, Problem 1DC2

Summary Introduction

Case summary:

B graduated in 2009 with his bio chemistry degree. She has a good job and already has been promoted for three times in last two years. She purchased a home for $210,000. Now, the value of her house is $270,000. Recently, she has purchased a SUV, which she uses around 45 miles per day. She now feels that she is economically secure. Retirement and savings account together have $35,000. Last night, when she was coming back from her work to her home, she heard on his radio that a man lost his everything in a car accident because he was uninsured. B wants to take care of that.

Character in the case:

B.

Adequate information:

Purchase price of home is $210,000.

Current price of home is $270,000.

Balance in savings and retirement account is $35,000.

Average daily travel through car is $45 miles.

To explain:

Whether B is adequately insured for her personal automobile.

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Answer 3

Question

Chapter 10, Problem 1DC2

Summary Introduction

Case summary:

B graduated in 2009 with his bio chemistry degree. She has a good job and already has been promoted for three times in last two years. She purchased a home for $210,000. Now, the value of her house is $270,000. Recently, she has purchased a SUV, which she uses around 45 miles per day. She now feels that she is economically secure. Retirement and savings account together have $35,000. Last night, when she was coming back from her work to her home, she heard on his radio that a man lost his everything in a car accident because he was uninsured. B wants to take care of that.

Character in the case:

B.

Adequate information:

Purchase price of home is $210,000.

Current price of home is $270,000.

Balance in savings and retirement account is $35,000.

Average daily travel through car is $45 miles.

To explain:

Whether B is adequately insured for her personal automobile.

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Answer 4

Question

Chapter 10, Problem 1DC2

Summary Introduction

Case summary:

B graduated in 2009 with his bio chemistry degree. She has a good job and already has been promoted for three times in last two years. She purchased a home for $210,000. Now, the value of her house is $270,000. Recently, she has purchased a SUV, which she uses around 45 miles per day. She now feels that she is economically secure. Retirement and savings account together have $35,000. Last night, when she was coming back from her work to her home, she heard on his radio that a man lost his everything in a car accident because he was uninsured. B wants to take care of that.

Character in the case:

B.

Adequate information:

Purchase price of home is $210,000.

Current price of home is $270,000.

Balance in savings and retirement account is $35,000.

Average daily travel through car is $45 miles.

To explain:

Whether B is adequately insured for her personal automobile.

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Answer 5

Chapter 10, Problem 1DC2

Summary Introduction

Case summary:

B graduated in 2009 with his bio chemistry degree. She has a good job and already has been promoted for three times in last two years. She purchased a home for $210,000. Now, the value of her house is $270,000. Recently, she has purchased a SUV, which she uses around 45 miles per day. She now feels that she is economically secure. Retirement and savings account together have $35,000. Last night, when she was coming back from her work to her home, she heard on his radio that a man lost his everything in a car accident because he was uninsured. B wants to take care of that.

Character in the case:

B.

Adequate information:

Purchase price of home is $210,000.

Current price of home is $270,000.

Balance in savings and retirement account is $35,000.

Average daily travel through car is $45 miles.

To explain:

Whether B is adequately insured for her personal automobile.

Answer 6

Chapter 10, Problem 1DC2

Summary Introduction

Case summary:

B graduated in 2009 with his bio chemistry degree. She has a good job and already has been promoted for three times in last two years. She purchased a home for $210,000. Now, the value of her house is $270,000. Recently, she has purchased a SUV, which she uses around 45 miles per day. She now feels that she is economically secure. Retirement and savings account together have $35,000. Last night, when she was coming back from her work to her home, she heard on his radio that a man lost his everything in a car accident because he was uninsured. B wants to take care of that.

Character in the case:

B.

Adequate information:

Purchase price of home is $210,000.

Current price of home is $270,000.

Balance in savings and retirement account is $35,000.

Average daily travel through car is $45 miles.

To explain:

Whether B is adequately insured for her personal automobile.

Answer 7

Chapter 10, Problem 1DC2

Summary Introduction

Case summary:

B graduated in 2009 with his bio chemistry degree. She has a good job and already has been promoted for three times in last two years. She purchased a home for $210,000. Now, the value of her house is $270,000. Recently, she has purchased a SUV, which she uses around 45 miles per day. She now feels that she is economically secure. Retirement and savings account together have $35,000. Last night, when she was coming back from her work to her home, she heard on his radio that a man lost his everything in a car accident because he was uninsured. B wants to take care of that.

Character in the case:

B.

Adequate information:

Purchase price of home is $210,000.

Current price of home is $270,000.

Balance in savings and retirement account is $35,000.

Average daily travel through car is $45 miles.

To explain:

Whether B is adequately insured for her personal automobile.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 10 - Prob. 1PA Ch. 10 - Prob. 2PA Ch. 10 - Prob. 3PA Ch. 10 - Prob. 4PA Ch. 10 - Prob. 5PA Ch. 10 - Prob. 6PA Ch. 10 - Prob. 7PA Ch. 10 - Prob. 8PA Ch. 10 - Prob. 9PA Ch. 10 - Prob. 10PA

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