Long-tail claims are those filed:
A) as a result of animal injuries
B) by shareholders against the board of directors of a corporation
C) several years after the actual injury takes place
D) in a no-fault state
C
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Indicate whether the statement is true or false
In a period of rising sales utilizing past cost and expense ratios (percent-of-sales method), when preparing pro forma financial statements and planning financing, will tend to ________
A) understate retained earnings and understate the additional financing needed B) overstate retained earnings and overstate the additional financing needed C) understate retained earnings and overstate the financing needed D) overstate retained earnings and understate the financing needed
What is a DRIP as it applies to stocks? Suppose you own 5,000 shares of Rough Rider Disposal Inc. and the firm has a DRIP program. Rough Rider pays dividends at the rate of $1.50 per share per year and has a current price of $57 per share
How many additional shares of stock can you receive if you elect to receive your dividends via the DRIP option? What advantage over purchasing the stock on the open market does a DRIP plan offer? What will be an ideal response?
Summary judgment is granted when:
a. when the plaintiff fails to provide an expert witness b. when the court cannot apply the law to the undisputed facts of the case c. when the court has been in session for at least three months d. when the court can apply the law to the undisputed facts and resolve the dispute e. none of the other choices are correct