Amy Lambert's home is insured for $85,000 and her detached garage is destroyed by a windstorm. She hopes to collect $11,850 under her homeowner's policy. What will happen?
A) Amy will receive $11,850 under Coverage B: Other structures
B) Amy will receive $11,850 under Coverage A: Dwelling
C) Amy will receive $8,500 under Coverage B: Other structures
D) Amy will receive $8,500 under Coverage A: Dwelling
E) Amy will receive $11,850 under Coverage C: Personal property
Answer: C
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What effect does "recognizing accrued interest revenue at the end of the accounting period" have on the accounting equation?
A) Assets increase and stockholders' equity decreases. B) Assets increase and stockholders' equity increases. C) Assets decrease and liabilities decrease. D) Liabilities increase and stockholders' equity decreases.
The 1982 United Nations Convention on the Law of the Sea demands that states monitor and assess the risks and effects of pollution and publish the results of those studies
Indicate whether the statement is true or false
Tre concludes that he has been placed in Gwyneth’s, his superior’s out-group. What should be Tre’s first course of action?
a. Nothing, the out-group is not that bad. b. He decides to work hard to earn Gwyneth’s trust and respect with the hope of moving into her in-group. c. He decides that there is nothing he can do to move into Gwyneth’s in-group and leaves the organization. d. He tries to enter Gwyneth’s in-group by sending flowers and asking her out to dinner. He places cards on her car explaining how he wishes he could be in her in-group.
A company has net income of $130,500. Its net sales were $1,740,000 and its average total assets were $2,750,000. Its total asset turnover equals 4.7%.
Answer the following statement true (T) or false (F)