Which of the following types of insurances will help an owner of a real property establish clear ownership over that property?
A) comprehensive insurance
B) title insurance
C) omnibus insurance
D) renter's insurance
B
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Connor Martin Corporation's balance sheet showed the following amounts: Current Liabilities, $10,000? Bonds Payable, $3,000? Lease Obligations, $4,000? and Notes Payable, $600 . Total stockholders' equity was $12,000 . The debt-to-equity ratio is:
a. 0.83. b. 1.47. c. 1.42. d. 0.63.
Which of the following statements is true of sale of collateral?
A. If the creditor has a security interest in consumer goods and the debtor has paid 60 percent or more of the purchase price, the creditor must sell the repossessed collateral. B. The creditor must sell the collateral unless the consumer orally objects to the sale, otherwise, the creditor may keep the collateral in satisfaction of the debt. C. In disposing of the collateral, the creditor must use a commercially reasonable method to produce the greatest benefit to himself and not to the debtor. D. If less than 80 percent of the purchase price has been paid, the creditor may propose to the debtor that the creditor keep the collateral in satisfaction of the debt.
Herbie Inc., a firm manufacturing sandwich makers, has fixed costs of $250,000, variable costs of $20 per unit of output, and expected unit sales of 50,000 units. What is the unit cost of a sandwich maker manufactured by Herbie?
A) $15 B) $25 C) $30 D) $50 E) $75
A machine with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $50,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:
A. $5,000. B. $50,000. C. $45,000. D. Zero. This is an operating activity. E. Zero. This is a financing activity.