Catastrophe bonds are made available to institutional investors in the capital markets through an entity that is specially created for that purpose. This is entity is called a
A) risk retention group.
B) fraternal insurance company.
C) captive insurance company.
D) special purpose reinsurance vehicle.
Answer: D
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When cash collectibility is uncertain, a firm using the ____________________ method recognizes revenue as it collects portions of the selling price in cash
Fill in the blank(s) with correct word
Igor Corporation's accounts receivable, net of allowance for uncollectibles, were $250,000 at December 31, Year 3, and $350,000 at December 31, Year 4 . Net cash sales for Year 4 were $300,000 . The accounts receivable turnover was 6.0 . Igor's net sales for Year 4 were
a. $1,500,000 b. $1,800,000 c. $2,000,000 d. $2,100,000 e. $2,200,000
A multidomestic strategy tends to be used when a company confronts pressures for local adaptation rather than cost-effectiveness.
Answer the following statement true (T) or false (F)
Which of the following is NOT part of the three-step process to determine an appropriate order for a business document?
a. Identify the central idea of the message. b. Determine the likely receiver reaction to the message. c. Decide if the central idea should be listed first or near the end. d. Start with the most difficult points first.