Participants in the private insurance market include all of the following except:
A) insurance buyers
B) insurance companies
C) insurance regulators
D) the FDIC
D
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Houze Corporation has provided the following information concerning a capital budgeting project: After-tax discount rate 7%Tax rate 30%Expected life of the project 4 Investment required in equipment$160,000 Salvage value of equipment$0 Working capital requirement$30,000 Annual sales$360,000 Annual cash operating expenses$290,000 One-time renovation expense in year 3$20,000 The working capital would be required immediately and would be released for use elsewhere at the end of the project. The company uses straight-line depreciation on all equipment. Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting. The total cash flow net of income taxes in year 3 is:
A. $47,000 B. $35,000 C. $50,000 D. $61,000
When evaluating profitability of a segment, costs that would disappear if the company eliminated the segment are called:
a. Direct costs. b. Common costs. c. Indirect costs. d. Fixed costs.
Use this information to answer the following question. The general ledger account for Accounts Receivable shows a debit balance of $50,000. Allowance for Uncollectible Accounts has a credit balance of $1,000. Net sales for the year were $494,000. In the past, 2 percent of sales have proved uncollectible, and an aging of accounts receivable accounts results in an estimate of $13,500 of
uncollectible accounts. Using the percentage of net sales method, the Allowance for Uncollectible Accounts balance (after adjustment) would be A) $8,880. B) $9,880. C) $10,880. D) $1,000.
If aspects of marketing can't be measured, they can still be managed.
Answer the following statement true (T) or false (F)