Which of the following statements about the scheduled personal property endorsement to the homeowners policy is (are) true?
I. It provides named-perils coverage on scheduled items.
II. It can be used to insure valuable items such as jewelry, silverware, and coin collections.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: B
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Which of the following is an example of a "new" media?
A) television B) cable TV C) radio D) the Web
Accrued revenues are ordinarily listed on the balance sheet as current liabilities
Indicate whether the statement is true or false
Songster Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: Original BudgetActual CostsFixed overhead costs: Supervision$14,100 $13,650 Utilities 5,300 5,060 Factory depreciation 7,200 7,470 Total overhead cost$ 26,600 $ 26,180 The company based its original budget on 3,500 machine-hours. The company actually worked 3,700 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 3,820 machine-hours. What was the overall fixed manufacturing overhead budget variance for the month?
A. $2,432 Favorable B. $420 Favorable C. $2,432 Unfavorable D. $420 Unfavorable
A debtor filing for bankruptcy
a. must receive credit counseling. b. must take a financial means test. c. must take a credit management course. d. all of these.