Finance

Mark purchased a boat owners package policy. While using his boat, he

Mark purchased a boat owners package policy. While using his boat, he negligently hit a pier. A person standing on the pier fell and was severely injured. Which of the boat owners package policy coverages will respond to a lawsuit filed as a result of this negligent act? A) physical damage coverage B) liability coverage […]

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Date: September 19th, 2020

Pinnacle Financial Management projects that earnings per share for Val

Pinnacle Financial Management projects that earnings per share for Valley Imports Inc. will increase from the current $1.75 per share to $2.00 next year. If Pinnacle recommends a P/E ratio of 12.5 for Valley Imports, what is the recommended forward looking price for the firm? A) $21.88 per share B) $25.00 per share C) $23.44 […]

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Date: September 19th, 2020

Which of the following statements about types of property covered unde

Which of the following statements about types of property covered under the Personal Articles Floater is true? A) Golfer’s equipment is covered only in the United States. B) Furs are covered on a blanket basis without the necessity to schedule individual items. C) A higher premium must be paid to insure musical instruments if they […]

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Date: September 19th, 2020

All of the following are considered floods under the federal flood ins

All of the following are considered floods under the federal flood insurance program EXCEPT A) the overflow of tidal waters. B) the accumulation of surface water after a heavy rain. C) a mudslide caused by an accumulation of water after a heavy rain. D) the discharge of water from a home appliance, such as a […]

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Date: September 19th, 2020

Jan showed the following financial items at the ends of 2007 and 2085:

Jan showed the following financial items at the ends of 2007 and 2085: 2007 2008 Checking account balance 1,300 1,200 Credit card balances due 700 500 Auto loan ($900 due within one year) 2,700 3,600 Automobile 7,000 8,000 Jewelry 400 300 Stamp collection 1,200 1,000 Jan’s net worth changed in 2008 by A) + $100. […]

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Date: September 19th, 2020

Which of the following statements about federal flood insurance is tru

Which of the following statements about federal flood insurance is true? A) It is available even if property has been previously flooded. B) It is unavailable in high-risk flood areas. C) It is available only for residences, not for businesses. D) Waiting periods are not used in the federal flood insurance program.     ANSWER […]

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Date: September 19th, 2020