Finance

In what important ways do financial managers and the accounting discip

In what important ways do financial managers and the accounting discipline interact? What will be an ideal response?     ANSWER Financial managers deal with the management of working capital, capital structure decisions, and capital budgeting. In each of these a financial manager relies heavily on the development of accurate financial statements and the projection […]

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Date: September 19th, 2020

Which of the following best describes cash flow from financing activit

Which of the following best describes cash flow from financing activities? A) Interest expense, minus dividends paid B) Increase (or minus decrease) in stock, plus increase (or minus decrease) in debt, minus interest paid, minus dividends paid C) Interest income, plus dividend income, minus taxes D) Interest paid, plus dividends paid, plus increase (or minus […]

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Date: September 19th, 2020

Which of the following statements about the liability coverage of the

Which of the following statements about the liability coverage of the Business Auto Coverage Form is (are) true? I. The insurer agrees to defend the insured and pay all legal defense costs arising out of an accident involving a covered auto. II. The insured is covered for property damage and bodily injury arising out of […]

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Date: September 19th, 2020

From a budgeting view, which of the following statements is not true c

From a budgeting view, which of the following statements is not true concerning variances? A) A favorable expense variance means the budgeted amount was more than actual. B) Cumulative variance = current month’s variance + variances of previous months. C) Ideally, cumulative variances for the year will equal zero. D) Ideally, cumulative variances for the […]

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Date: September 19th, 2020

A provision included in a claims-made commercial general liability pol

A provision included in a claims-made commercial general liability policy provides coverage for claims filed after the policy has expired. This provision is called a(n) A) extended reporting period provision. B) agreed amount endorsement. C) retroactive date provision. D) per-occurrence limit clause.     ANSWER Answer: A

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Date: September 19th, 2020