Which homeowners policy is designed for the tenants of a rented premises? A) Homeowners 2 B) Homeowners 4 C) Homeowners 6 D) Homeowners 8 ANSWER Answer: B
Date: September 19th, 2020
Managers often begin with an estimate of ________ when beginning to develop pro forma financial statements. A) net income B) sales C) assets D) equity ANSWER B
Date: September 19th, 2020
Which of the following statements about eligibility requirements for homeowners insurance is (are) true? I. A contract can be written on a twenty-unit apartment complex as long as the tenants are families. II. Separate forms are available for renters and condominium owners. A) I only B) II only C) both I and II D) neither […]
Date: September 19th, 2020
Ben lives in a state that has a no-fault auto insurance law. Another motorist failed to yield the right of way, and hit his car. Ben filed a claim with his own insurer. He also contacted a lawyer to discuss suing the other driver. The lawyer told Ben that while lawsuits resulting from auto accidents […]
Date: September 19th, 2020
Your parents are complaining about the price of items today compared to what they cost years ago. If an automobile that cost $12,000 in 1980 costs $40,000 in 2010, calculate the annual growth rate in the automobile’s price. What will be an ideal response? ANSWER 4.26%, based on PV = $12,000; FV = […]
Date: September 19th, 2020
Which of the following equations represents a simple and effective way to think about anticipated external funding? A) External funds required = assets – liabilities – equity B) External funds required = assets + liabilities – equity C) External funds required = assets + liabilities + equity D) External funds required = assets – liabilities […]
Date: September 19th, 2020
Which of the following statements about the Homeowners 6 (unit-owners form) policy is true? A) It includes personal liability coverage. B) It covers personal property on an open-perils basis. C) It covers the dwelling on an open-perils basis. D) It is designed for tenants who rent an apartment or a home. ANSWER Answer: […]
Date: September 19th, 2020
Stock W has an expected return of 12% with a standard deviation of 8%. If returns are normally distributed, then approximately two-thirds of the time the return on stock W will be A) between 4% and 20%. B) between -4% and 28%. C) between 12% and 20%. D) between 8% and 12%. ANSWER […]
Date: September 19th, 2020
In chapter 6, Projecting Financial Requirements and Managing Growth, the author focuses on three critical questions to examine the firm’s financial future. Which of the following questions is NOT addressed by the author in this chapter? A) How much and what type of financing will be required to meet goals and expectations? B) How do […]
Date: September 19th, 2020
You have a savings bond that will be worth $750 when it matures in 3 years, but you need cash today. If the current going rate of interest is 5%, what is your bond worth if you sell it today (rounded to the nearest dollar)? A) $675 B) $612 C) $625 D) $648 […]
Date: September 19th, 2020
