Finance

Felton Financial Inc, had net earnings last year of $487,000. If the f

Felton Financial Inc, had net earnings last year of $487,000. If the firm has a dividend payout policy of 30%, what was the addition to retained earnings? A) $340,900 B) $487,000 C) $146,100 D) There is not enough information to answer this question.     ANSWER A Explanation: A) NE * (1-DPO) = $487,000 * […]

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Date: September 19th, 2020

Some directors and officers (D&O) liability policies include an insuri

Some directors and officers (D&O) liability policies include an insuring agreement tcovers the legal liability of a corporation arising out of the wrongful acts of directors and officers. This coverage for the corporation is called A) blanket coverage. B) corporate reimbursement coverage. C) personal liability of directors and officers coverage. D) entity coverage.     […]

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Date: September 19th, 2020

One general liability loss exposure develops as a result of a written

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 […]

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Date: September 19th, 2020

A money market deposit account (MMDA) is A) a limited-access saving

A money market deposit account (MMDA) is A) a limited-access savings account with a minimum balance requirement offering money market rates. B) the statement a money market mutual fund sends you showing activity in your account. C) any savings account at a federally-insured financial institution that offers higher rates but is not insured. D) similar […]

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Date: September 19th, 2020

Ted is risk manager of XYZ Company. He is concerned his company might

Ted is risk manager of XYZ Company. He is concerned his company might be sued by current or former employees alleging wrongful termination, failure to promote, racial or gender discrimination, or sexual harassment. What type of liability insurance can Ted purchase to cover these types of claims? A) workers compensation insurance B) employer liability insurance […]

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Date: September 19th, 2020