The market rewards the patient investor, for between 1926 and 2008, there has never been a time when an investor lost money if she held an all-stock portfolio for ten years. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
Financial managers work with the managers from the other functional areas of business. For example: When the financial manager provides funds for activities such as the development of products or services, they are probably working with which functional area? A) Human Resourses B) Information Technology C) Marketing D) Operations ANSWER D
Date: September 19th, 2020
Based on the information in Table 4-2, the times interest earned ratio is A) 4.88. B) 8.65. C) 11.48. D) 5.25. ANSWER B
Date: September 19th, 2020
Which of the following losses would be covered under a Commercial General Liability Policy that has no endorsements? I. The named insured rented a building and an employee of the named insured negligently started a fire at the rented building. II. The cost to recall defective products A) I only B) II only C) both […]
Date: September 19th, 2020
Issuing debt rather than equity will automatically increase a firm’s EPS and EBIT. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
In addition to the named insured, all of the following are insureds under the Commercial General Liability Policy EXCEPT A) suppliers of products to the named insured’s business. B) the insured’s employees while acting within the scope of their employment. C) the manager of the insured’s real estate. D) partners of the named insured. […]
Date: September 19th, 2020
Which of the following statements about workers compensation insurance is (are) true? I. Under the workers compensation part of the policy, the insurer agrees to pay the benefits required by the workers compensation law of any state listed in the policy declarations. II. The employers liability part of the policy provides workers compensation benefits when […]
Date: September 19th, 2020
Racing Horse Corporation reported net income for 2010 of $200,000, sales of $540,000, expenses (excluding depreciation) of $180,000, and depreciation expense of $60,000. The company’s accounts receivable balance increased by $40,000 during the year and its accounts payable balance remained the same. The company’s change in cash for the year is estimated to be A) […]
Date: September 19th, 2020
Holding cash in a temporary “parking place” is associated with which cash motive? A) Undertaking transactions B) Holding an emergency reserve C) Holding a short-term store of value D) Paying off credit ANSWER C
Date: September 19th, 2020
The phrase “general liability” is used to refer to the legal liability of a business arising from all of the following EXCEPT A) employees injured on the job. B) defective products. C) liability assumed by contract. D) completed operations. ANSWER Answer: A
Date: September 19th, 2020
