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Martha rents an apartment and is the named insured under a Homeowners 4 policy (contents broad form) with a liability limit of $100,000 per occurrence and $1000 medical payments. For each of the following situations, indicate to what extent, if any, the loss is covered under Section II of Martha's homeowners policy. Assume there are no special endorsements, and each situation is an independent event.
a. Martha attends a party at a friend's house. She accidentally burns a hole in a couch with her cigarette. It will cost $500 to repair the damaged couch.
b. Martha rents a snowmobile at a ski resort and accidentally collides with a skier. Martha is sued for $200,000 by the injured skier.
Define and characterize performance-based budgeting in your own words. Is it an effective, long-term budgetary, and financial management strategy for the public sector? Why, or why not? What do budgetary professionals contend?
calculating cost of equity cost of retained earnings based on discounted cash flow c a p m and bond cost plus premium
This question is designed to show your understanding of stock market terminology and also the impact of currency exchange rate. You are a Swiss Franc (CHF) based investor.
How do the different types of the Accounting Inventory Methods (FIFO, LIFO, or Weighted-Average) operate? •How does a firm go about choosing which Accounting Inventory Method works?
Why arent the payments for a 15-year mortgage twice the payments for a 30 year mortgage at the same rate?
For 2012, Everyday Electronics reported $23 million of sales and $18 million of operating costs (including depreciation). The company has $15 million of investor-supplied operating capital.
Here are some alternative investments you are considering for one year. (i) Bank A promises to pay 8% on your deposit compounded annually. (ii) Bank B promises to pay 8% on your deposit compounded daily. Compare the eective annual rate (EAR) on..
The Yeptal Corporation's last dividend was $2.00. The dividend growth rate is expected to be constant at 25% for 3 years, after which dividends are expected to grow at a rate of 7% forever. Yeptal 's required return (rs) is 11%. What is Yeptal 's ..
Objective type questions on investment and When interest rates are high and lenders may not want to make loans because of
equipment is frequently replaced to .a. reduce costsb. increase costsc. reduce the tax rated. increase the tax
Explain how you will visually represent the data for the total sales of the individual inventory categories for each location for the time periods shown.
For this topic, the student is to research and develop a paper comparing and contrasting appropriately representative capitalist and socialist systems in our world.The student must obviously choose at least one representative system of each type but ..
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