Which of the following factors would not be considered in a class rating scheme for property insurance?
A) Community firefighting capability
B) Use of the structure
C) External surrounding exposures
D) Age of the named insured
D
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Which of the following is a plausible marketing observation?
A) Marketing managers must spend a considerable amount of time talking to customers. B) New competitors' actions are easier to predict than existing competitors' actions. C) Customers can always tell you what products they want and what features they need. D) Unlike general societal trends, changes in customer tastes occur frequently.
A company is expected to generate $175,000 in earnings next period and requires a 20 percent return on equity capital. Using the assumptions of the price-earnings ratio what would be the company's value at the beginning of next period?
a. $781,250 b. $1,250,000 c. $2,000,000 d. $875,000
Lopar Company uses a predetermined overhead rate based on direct labor dollars. Lopar Company estimated that its 2010 overhead would total $938,000 and that 2010 direct labor costs would be $670,000 . During 2010, actual overhead costs were $960,000, and actual direct labor costs were $700,000 . By how much was Lopar's overhead over- or underapplied?
a. $20,000 overapplied b. $20,000 underapplied c. $18,000 overapplied d. $10,000 underapplied
An installment note payable for a principal amount of $48,000 at 6% interest requires Lawson Company to repay the principal and interest in equal annual payments of $11,395 beginning December 31, 2008, for each of the next five years. After the final payment, the carrying amount on the note will be
A) $5,425 B) $8,975 C) $11,395 D) $0