Finance

Renee is risk manager of XYZ Company. She purchased a Commercial Packa

Renee is risk manager of XYZ Company. She purchased a Commercial Package Policy for her company and added one optional coverage. This option suspends the coinsurance clause and substitutes a new agreement covering any loss in the same proportion that the limit of insurance purchased bears to a value specified in the declarations. This provision […]

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Date: September 19th, 2020

The Sarbanes-Oxley Act, or SOX A) holds corporate advisors strictly a

The Sarbanes-Oxley Act, or SOX A) holds corporate advisors strictly accountable in a legal sense for any instances of misconduct. B) pretexts the interests of shareholders by providing greater protection against accounting fraud and financial misconduct. C) reduces the cost of financial reporting by standardizing reporting requirements. D) accomplishes both A and B.     […]

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Date: September 19th, 2020

There are a number of implied warranties in ocean marine insurance. On

There are a number of implied warranties in ocean marine insurance. One implied warranty is that the vessel is properly constructed and maintained, and that it is properly equipped for the voyage to be undertaken. This implied warranty is the warranty of A) seaworthiness. B) barratry. C) no deviation from planned course. D) legal purpose. […]

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Date: September 19th, 2020

Accounting supports financial managers by providing all of the followi

Accounting supports financial managers by providing all of the following EXCEPT: A) identifying relevant data related to the activities of the firm. B) presenting data in an agreed-upon and standardized form known as generally accepted accounting practices. C) summarizing the firm’s economic activity in the form of financial statements. D) generating revenue for the firm. […]

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Date: September 19th, 2020

XYZ Corporation has a P/E ratio of 20 and EFG Corporation has a P/E ra

XYZ Corporation has a P/E ratio of 20 and EFG Corporation has a P/E ratio of 10. It is likely that A) investors expect XYZ’s earnings to grow faster than EFG’s earnings. B) investors believe XYZ stock is overvalued. C) investors believe that for the same level of earnings growth, XYZ is a higher risk […]

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Date: September 19th, 2020