Patrick is planning on buying a restaurant valued at $235,000. If Patrick buys an 80% coinsurance policy, how much coverage will he have for the restaurant?


$188,000; $235,000 × 0.80 = $188,000

Business

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Norwood Company signs a $11,000, 8.5%, six-month note dated November 1, 2018. The interest expense recorded for this note in 2018 will be ________. (Do not round any intermediate calculations, and round your final answer to the nearest dollar.)

A) $935 B) $156 C) $468 D) $312

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In horizontal analysis, the base year is the most current year being examined

Indicate whether the statement is true or false

Business

At the ________ level of moral development, a person says “It’s all about me. I’ll take advantage of you to get what I want.”

A. preconventional level B. conventional level C. postconventional level D. neoconventional level

Business

Agency funds are not included in the Statement of Changes in Net Position because they have no revenues (additions) or expenses (deductions).

Answer the following statement true (T) or false (F)

Business