Corporations have perpetual existence.
Answer the following statement true (T) or false (F)
True
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For each of the following types of business, indicate why the manager needs to know the unit cost information.
To analyze a capital investment using the accounting rate-of-return method, one can use an estimated amount for the annual net income
Indicate whether the statement is true or false
Markup is:
A. represented by net profit. B. often expressed as a fraction. C. the money available to cover only the costs of marketing the product. D. based on the product's selling price. E. based on the product's discount price.
ABC Insurance Company entered into a reinsurance agreement with XYZ Reinsurance
Under the contract, XYZ Re has no liability unless ABC's loss ratio exceeds 85 percent for the year. XYZ Re agreed to pay all losses in excess of the 85 percent loss ratio. ABC Insurance Company is using reinsurance to A) stabilize profits. B) reduce the unearned premium reserve. C) provide large risk capacity. D) retire from a line or territory.