Because they occur in private, stricter regulations are placed on the private placement of securities. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
Which of the following types of water damage is covered under an unendorsed Homeowners 3 policy? A) damage from a flood caused by torrential rain B) damage from water backing up through a drain C) damage from water below the surface of the ground that seeps into a basement D) damage from water that overflows […]
Date: September 19th, 2020
The Homeowners 3 policy limits the amount of coverage provided on certain personal property (e.g. coin collections and silverware). This personal property can be adequately insured by A) lowering the deductible which applies to personal property losses. B) storing the property away from the home at another location. C) adding a schedule to the policy […]
Date: September 19th, 2020
Which of the following losses to a dwelling would be covered under an unendorsed Homeowners 3 policy? A) smoke damage resulting from agricultural operations of a neighboring farmer B) damage to the structure caused by a flash flood C) damage to the structure caused by the weight of heavy snow on the roof D) damage […]
Date: September 19th, 2020
The bid price is the price that a dealer will pay for a security; the asked price is the price at which she will sell a security. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
The chief financial officer (CFO) is responsible for overseeing financial planning, corporate strategic planning, and controlling the firm’s cash flow. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
The cash flow cycle: A) describes the flow of cash through a company. B) illustrates that profits and cash flows are the same. C) reminds a financial manager that profits are important. D) focuses on financing activities only. ANSWER A
Date: September 19th, 2020
If the future value of annuity A is greater than the future value of annuity B, then the present value of annuity A must also be greater than the present value of annuity B. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
Determining how a firm should raise money to fund its long-term investments is referred to as capital structure decisions. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
All of the following are equity accounts on a balance sheet EXCEPT A) retained earnings. B) paid-in capital. C) cash. D) common stock. ANSWER C
Date: September 19th, 2020
