A peril is
A) a moral hazard.
B) the cause of a loss.
C) a condition that increases the chance of a loss.
D) the probability that a loss will occur.
Answer: B
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Well-known, heavily supported brands made and distributed by large, often global companies are known as:
A) generics. B) value brands. C) private labels. D) national brands.
Which of the determinants of service quality involves performing the service right the first time?
A) access B) courtesy C) credibility D) reliability E) responsiveness
Sivret Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:Total machine-hours80,000Total fixed manufacturing overhead cost$624,000Variable manufacturing overhead per machine-hour$3.10Recently, Job M598 was completed with the following characteristics:Number of units in the job60Total machine-hours300Direct materials$645Direct labor cost$9,000If the company marks up its unit product costs by 40% then the selling price for a unit in Job M598 is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $225.05 B. $86.10 C. $301.35 D. $321.35
A weakness of the percent-of-sales method of preparing a pro forma income statement is ________.
A) that it forecasts income and then expresses the various income statement items as percentages of projected income B) the assumption that the firm faces linear total revenue and total operating cost functions C) the assumption that the firm's past financial condition is an accurate predictor of its future D) the difficulty faced in calculation and preparation of such statements