Correlation measures the strength of relationship between the x and y variables and the closer it is to 1 or -1, the greater the proof that the level of x determines the level of y
Indicate whether this statement is true or false.
Answer: FALSE
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In using the variable cost concept of applying the cost-plus approach to product pricing, fixed manufacturing costs and fixed selling and administrative expenses must be covered by the markup
Indicate whether the statement is true or false
An incontestability clause prohibits an insured from entering a contest during the term of a policy.
Answer the following statement true (T) or false (F)
A company due to pay a certain amount of a foreign currency in the future decides to hedge with futures contracts. Which of the following best describes the advantage of hedging?
A. It leads to a better exchange rate being paid B. It leads to a more predictable exchange rate being paid C. It caps the exchange rate that will be paid D. It provides a floor for the exchange rate that will be paid
Assignment. Abby's Cakes on Dixie, Inc, agreed in a lease contract to lease space in a shopping center from Colonial Palms Plaza, Inc The contract included a provision in which Colonial agreed to pay Abby's a construction allowance of up to $11,250
after Abby's had satisfactorily completed certain improvements to the rented premises. The contract also contained a clause stating that Abby's agreed "not to assign, mortgage, pledge, or encumber this Lease" without first obtaining the written consent of Colonial and that any such "assignment, encumbrance or subletting without such consent shall be void." Prior to the completion of the improvements, Abby's assigned its right to receive the first $8,000 of the construction allowance to Robert Aldana (without first obtaining Colonial's consent). In return, Aldana loaned Abby's $8,000 to finance the construction. Aldana notified Colonial of the assignment by certified mail. After Abby's had completed the improvements to the rented premises, Colonial ignored the assignment and paid Abby's the construction allowance. In Aldana's suit against Colonial for the $8,000 due him pursuant to the assignment, Colonial claimed that the assignment was prohibited by the contract provision and therefore void. Who will win, and why?