WeatherGuard Roofing Corporation obtains an insurance policy that protects WeatherGuard against liability in the event of injuries or losses sustained by its employees during the course of their employment that are not covered under workers' compensation insurance. This is
a. casualty insurance.
b. employer's liability insurance.
c. key-person life insurance.
d. term life insurance.
B
You might also like to view...
Which is not an example of a warranty?
A. Puffery. B. Express. C. Fitness for a particular purpose. D. Merchantability.
On January 1, Year 1, Warren Co. purchased a machine for $120,000. Warren estimated the useful life of the machine to be 10 years and the salvage value to be $20,000. Indicate whether each of the following statements is true or false.________ a) Depreciation expense for Year 1 under the straight-line method would be $12,000.________ b) Depreciation expense for Year 1 under the double declining method would be $24,000.________ c) The accumulated depreciation at the end of Year 2 under the straight-line method would be $20,000.________ d) The accumulated depreciation at the end of Year 2 under the double declining method would be $48,000.________ e) The book value of the machine under both the double declining method and the straight-line method at the end of 10 years would be $20,000.
What will be an ideal response?
Conhugeco's CEO is ready to step down and wants to sock away enough money in his offshore Caribbean accounts to generate $150,000 per year for the next ten years
If he can secure a 4% interest rate from the bank, how much does he need to earmark today? A) about $1.1 million B) about $1.2 million C) about $1.5 million D) about $1.4 million
Bell Brothers has $3,000,000 in sales. Its fixed costs are estimated to be $100,000, and its variable costs are equal to fifty cents for every dollar of sales. The company has $1,000,000 in debt outstanding at a before-tax cost of 10 percent. If Bell Brothers' sales were to increase by 20 percent, how much of a percentage increase can one expect in the company's net income??
A. ?15.66% B. ?18.33% C. ?19.24% D. ?21.50% E. ?23.08%