An insurance company incorporated in another state has been licensed to operate in your state. In your state, the insurer would be considered a(n)
A) nonadmitted insurer.
B) foreign insurer.
C) alien insurer.
D) reciprocal insurer.
Answer: B
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Which of the following types of employees would most likely have their wage be classified as direct labor?
A) Factory maintenance worker B) Factory supervisor C) Managerial accountant D) Assembly-line factory worker
Glenn and Vera divorce during 2019. Per their 2019 divorce agreement, Glenn receives their former personal residence valued at $180,000 with a basis of $100,000. Also, Glenn will pay Vera $5,000 annually for 8 years. If Vera dies before the end of the 8 years, the balance of the payments is to be paid to Vera's estate in a lump sum. The couple has not lived together for the past 2 years.
A. Glenn can deduct $5,000 annually for alimony paid to Vera. B. Vera can deduct $40,000 (1/2 of the unrealized gain on the house). C. Vera does not recognize any income from the property and/or cash transactions. D. Vera must recognize $40,000 as a gain on the disposition of her interest in the house. E. Vera must recognize all the cash received as alimony income.
What is the optimal capital structure?
A) The capital structure that frees up the most cash flow B) The capital structure that makes management the most money C) The capital structure that produces the highest firm value D) The capital structure that keeps the most control within the company
The contribution-margin ratio is:
A. fixed cost per unit divided by variable cost per unit. B. unit contribution margin divided by fixed cost per unit. C. unit contribution margin divided by the selling price. D. the difference between the selling price and the variable cost per unit. E. variable cost per unit divided by the selling price.