Which of the following statements concerning coverage under the Homeowners 3 policy is true?
A) If a power failure away from the insured dwelling causes a loss, the loss is covered.
B) If a Coverage C peril causes a collapse, the resulting damage is covered.
C) If an insured peril damages a portion of a pair or set (e.g. matching lamps or end tables), the insurer must pay the full value of the entire pair or set.
D) If a discharge from a home appliance causes the home to flood, the loss is excluded. .
Answer: B
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The Heath Corporation reported net income for 2018 of $177,500. Heath began the year with 100,000 shares of $5 par value common shares outstanding and 2,500 shares of $100 par value 8% preferred shares outstanding. On October 1, Heath sold 10,000 shares of common stock for $6 per share. Heath paid dividends to the common shareholders in December. The weighted average number of common shares used to compute earnings per share for 2018 is
A. 105,000. B. 100,000. C. 102,500. D. 110,000.
_____ fulfill organizational needs for reliable data communications while relieving the organization of the burden of providing its own network management and maintenance.
A. Leased lines B. VANs C. Dial-up connections D. LANs
You have to make a balloon payment on your house five years from now of $15,000. If money
can earn an average of 6 percent a year for the five-year period, how much will you have to place in the account today to have the $15,000 in five years? A) $11,193.00 B) $11,208.87 C) $20,073.00 D) $20,101.50
A job has 5 days of processing time left to do before completion, and today is the 10th day of the month. If the job is due on the 14th day of the month, what is its critical ratio?
A. 0.8 B. 0.1 C. 2 D. 5 E. 0.5