Which one of the following is not a basic part of an insurance contract?
A) Deductibles
B) Conditions
C) Declarations
D) All of the above are a basic part of an insurance contract.
D
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In many countries, the marketing, economic, structural, information, and technological environments are not developed to the extent that they are in the United States
Indicate whether the statement is true or false
Using the information above, calculate the amount of budgeted selling and administrative expenses for the month of February.
Zelia, Inc. has prepared the operating budget for the first quarter of the year. The company forecast sales of $50,000 in January, $60,000 in February, and $70,000 in March. Variable and fixed expenses are as follows: Variable Expenses: Power cost (20% of sales) Miscellaneous expenses: (5% of sales) Fixed Expenses: Salaries expense: $8000 per month Rent expense: $5000 per month Depreciation expense: $1400 per month Power cost/fixed portion: $500 per month Miscellaneous expenses/fixed portion: $1000 per month A) $28,400 B) $33,400 C) $15,000 D) $30,900
Landmark Prints is considering an investment in new equipment costing $502,000
The equipment will be depreciated on a straight-line basis over a five-year life and is expected to generate net cash inflows of $122,000 the first year, $158,000 the second year, and $160,000 every year thereafter until the fifth year. What is the payback period for this investment? The residual value is zero. (Round your answer to two decimal places.) A) 4.30 years B) 3.39 years C) 2.80 years D) 3.11 years
If you are conducting an experiment where the probability of a success is .02 and you are interested in the probability of 4 successes in 15 trials, the correct probability function to use is the
a. standard normal probability density function b. normal probability density function c. Poisson probability function d. binomial probability function