In the ISO Commercial Crime Coverage form, safe burglary is defined as the A) unlawful taking of property to the deprivation of the insured. B) unlawful taking of property from the care and custody of a person by someone who has caused or threatens to cause bodily harm or who has committed an unlawful act […]
Date: September 19th, 2020
In the ISO Commercial Crime Coverage form, theft is defined as the A) unlawful taking of property to the deprivation of the insured. B) unlawful taking of property from the care and custody of a person by someone who has caused or threatens to cause bodily harm or who has committed an unlawful act witnessed […]
Date: September 19th, 2020
Most stocks have betas between A) 0.60 and 1.60. B) 0.00 and 1.00. C) -1.00 and 1.00. D) 1.00 and 2.00. ANSWER A
Date: September 19th, 2020
Given the information below, calculate the company’s cash balance at the end of the year. Cash Balance at Beginning of Year $80,000 Activity During the Year Increase in Accounts Payable $60,000 Decrease in Accounts Receivable $40,000 Depreciation Expense $500,000 Net Income $2,000,000 Purchase of Fixed Assets $800,000 Sales of Common Stock $100,000 Decrease in Notes […]
Date: September 19th, 2020
Which of the following is NOT an advantage of a limited partnership? A) Minimal legal requirements to start the business B) Limited partnerships are limited in their management of the firm C) Limited liability D) None of the above ANSWER C
Date: September 19th, 2020
What was the average annual rate of return on long-term government bonds (30-year Treasury bonds) during the period 1990 to 2014? A) 5.49% B) 4.14% C) 5.88% D) 7.82% ANSWER A
Date: September 19th, 2020
If you put $200 in a savings account at the beginning of each year for 10 years and then allow the account to compound for an additional 10 years, how much will be in the account at the end of the 20th year? Assume that the account earns 10% and round to the nearest $100. […]
Date: September 19th, 2020
How much money must you pay into an account at the end of each of 20 years in order to have $100,000 at the end of the 20th year? Assume that the account pays 6% per year, and round to the nearest $1. A) $2,028 B) $1,840 C) $2,195 D) $2,718 ANSWER D
Date: September 19th, 2020
Which of the following forms of business organization limits the liability of owners? A) sole proprietorship B) general partnership C) two person partnership D) corporation ANSWER D
Date: September 19th, 2020
One general liability loss exposure develops as a result of a written or oral agreement to assume the legal liability of another party. A lease that specifies that the building owner is held harmless for liability arising out of use of the building is an example. This liability loss exposure is A) premises and operations […]
Date: September 19th, 2020
