Deductibles are not used in which of the following type of insurance?
A) life insurance
B) health insurance
C) property insurance
D) disability income insurance
Answer: A
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The relative percentage of unit sales among the various products made by a firm is the:
a. sales volume. b. sales margin. c. sales mix. d. sales ratio.
On January 1, A Plus Services has the following balances
Accounts Receivable $25,000 (debit) Bad Debts Expense $0 A Plus Services has the following transactions during January: Credit sales of $140,000, collections of credit sales of $90,000, and write-offs of $16,000. A Plus Services uses the direct write-off method. At the end of January, the balance of Accounts Receivable is ________. A) $10,286 B) $59,000 C) $24,889 D) $75,000
Fixed costs divided by the contribution margin ratio equals the breakeven point in sales dollars
Indicate whether the statement is true or false
Magma, Inc., acquired Vulcan, Inc., three years ago. Effective integration of the two companies' culture was never achieved, and the two firms' assets were not complementary. It is very likely that Magma will:
A. go public through an IPO. B. review the due diligence information collected before the acquisition. C. restructure. D. review its tactical-level strategies.