What services/products does Capital Insurance need to offer to become a truly financial services company?
What will be an ideal response?
To become a truly financial service company, Capital Insurance had to figure out what approaches would be needed to enter into the financial services markets. Capital had a strong brand name in reputation in the United States. The company stood for integrity, stability, and conservatism, among other things. Despite their prominence in the U.S.,
the firm was almost unknown abroad. By the time of Cordoza’s retirement, Capital had enough resource reserves and marketing talent to penetrate almost any market it wanted. To become a leading financial services firm, Capital would have to offer all the existing investments of the financial firm they wished to buy, and begin the necessary research to develop new “Capital” mutual funds, and other investment instruments. Capital decided it would be best if they purchased an existing firm called Forits. Together, the firms would have to become a major player in the institutional investor market. Capital would have to divest Fortis’ business unit abroad and use that capital to invest in new product expansion for the securities market. It would also benefit capital if they became familiar with government bonds, AAA rated corporate bonds, growth mutual funds, and technology heavy mutual funds.
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Exhibit 11-1 On January 1, Year 1, Hills purchased equipment for $350,000. The equipment had an estimated useful life of ten years and an estimated residual value of $50,000. Use the double-declining-balance method to answer the following question(s). ? ? Refer to Exhibit 11-1. How much depreciation should Hills record on the asset in year 2?
A) $16,000 B) $24,000 C) $56,000 D) $48,000
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a. lateral career moves b. managed career moves c. career workshops d. high potential development schemes
Fiona writes a check "pay to the order of Gerri" drawn on Fiona's account at Hearthstone Bank. Gerri presents the check for payment to Hearthstone, which accepts it. Primarily liable on the check is A) Fiona
B) Gerri. C) Hearthstone. D) none of the choices.
Costs incurred regardless of how many units of a product are produced or sold are called fixed costs.
Answer the following statement true (T) or false (F)