All of the following are methods that a property and liability insurance company can use to protect against catastrophic losses EXCEPT
A) sale of catastrophe bonds.
B) purchase of common stock.
C) purchase of excess-of-loss reinsurance.
D) quota share reinsurance with a low retention percentage.
Answer: B
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In a process cost system, the amount of work in process inventory is valued by:
A) finding the sum of all open job costs B) allocating departmental costs between completed and partially completed units C) multiplying units in ending inventory by the direct materials cost per unit D) all of the above
Giles Inc Giles Inc manufactures high quality golfing equipment. Giles assigns overhead to products based on machine hours. At the beginning of the current year, estimated overhead costs were $500,000 and estimated machine hours were 50,000. During the year, 54,000 machine hours were actually used. By the end of the year, actual overhead costs were calculated to be $529,200. Refer to the Giles
Inc information above. What was the predetermined overhead rate? A) $10.00 per machine hour B) $ .10 per machine hour C) $ 9.80 per machine hour D) $10.58 per machine hour
What critical role does N-tier architecture provide to large, multinational companies?
What will be an ideal response?
Q&A sessions accomplish all of the following EXCEPT
a. give audience members a voice. b. afford audience members the opportunity to ask the speaker questions about remarks. c. afford audience members the opportunity to share their reactions with the speaker. d. give audience members the opportunity to to heckle the speaker.