Which of the following relationships generally fails to create an insurable interest?
a. Husband and wife
b. Doctor and patient
c. Debtor and creditor
d. Chief executive officer and corporation
b
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Which of the following is true about the surety's liability to pay in a surety arrangement?
A. The surety is secondarily liable for payment. B. The surety is primarily liable for payment. C. The principal debtor must be in default before the surety can be approached. D. The creditor can only approach the surety as a last resort.
Managers' concerns about the quality of a product or service include customer expectations and perceptions
Indicate whether the statement is true or false
Moonbeam Company is considering purchasing a new machine for $80,000. The new facility will generate annual net cash inflows of $20,000 for six years. At the end of the six years the machine will have no residual value. The company uses straight-line depreciation, and its stockholders demand an annual return of 12% on investments of this nature.
Requirements
1. Compute the payback, the ARR, the NPV, the IRR, and the profitability index of this investment.
2. Recommend whether the company should invest in this project.
Which of the following should appear within the equity (net position) section of a federal agency balance sheet?
A. Both Net Position - Unexpended Appropriations and Fund Balance with Treasury B. Neither Net Position - Unexpended Appropriations nor Fund Balance with Treasury C. Net Position - Unexpended Appropriations D. Fund Balance with Treasury