A policy that reimburses you for losses at actual cash value will pay you an amount equal to
A)
replacement cost.
B)
replacement cost plus depreciation.
C)
replacement cost minus depreciation.
D)
depreciation.
C
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In the case of a destination contract, the risk of loss passes to the buyer ________
A. when the goods are handed over or placed at his disposal at that place B. as soon as he/she accepts the contract in writing C. when the goods are handed over to the first carrier for shipment D. at the time the contract is concluded
Process X has fixed costs of $10,000 and variable costs of $2.40 per unit. Process Y has fixed costs of $9,000 and variable costs of $2.25 per unit. Which of the following statements is TRUE?
A) The crossover point is approximately 6667 units. B) It is impossible for one process to have both of its costs lower than those of another process. C) Process Y is cheaper than process X at all volumes. D) Process X should be selected for very large production volumes. E) Process X is more profitable than process Y and should be selected.
A discount or premium on bonds payable can be defined by which of the following statements?
A. The market rate of interest on the date of the bond issuance. B. The difference between the call price and the face value of the bond. C. The difference between the interest rate and the market price of the bond. D. The difference between the market price on the issue date and the face value.