The Liability coverage in the HO policy does all the following except:
A) defends a suit against the insured even if the allegations of the suit are groundless, false or fraudulent
B) covers the insured's own property destroyed by another's negligence
C) pays for immediate medical and surgical expenses incurred by other(s)
D) reimburses the insured for all reasonable expenses incurred at the request of the company
B
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On October 31, 2018, Sterling Construction Company entered into a credit agreement with Comerica Bank. The following appeared among the agreement's financial covenants: "Commencing with the fiscal quarter ending December 31, 2018, maintain as of the end of each fiscal quarter a Fixed Charge Coverage Ratio of not less than 1.25 to 1.00." The credit agreement also contained a "definitions" section where this item was listed: " 'Fixed Charge Coverage Ratio' shall mean as of any date of determination a ratio the numerator of which is EBITDA for the Applicable Measuring Period, minus cash taxes and cash tax distributions with respect to such period and the denominator of which is the sum of Current Maturities of Long Term Debt plus interest paid during the trailing twelve month period, plus
twenty-five percent (25%) of the daily average total non-amortizing debt during the trailing twelve month period."Required:a. What is a minimum fixed charge coverage ratio and what purpose does it serve in the company's loan agreements?b. Why is it necessary for the loan agreement to precisely define "Fixed Charge Coverage Ratio?" What will be an ideal response?
Which of the following questions which companies consider is best aligned with the production orientation philosophy?
a. What are the product preferences of our customers? b. How can we sell our products more aggressively? c. What can our engineers design? d. How can we gather more information about customer needs?
The only factor to consider when deciding if a business letter is the appropriate communication channel is if you are writing to a secondary audience
Indicate whether the statement is true or false
Information systems consist of all the hardware and software that a firm needs to use in order to achieve its business objectives
Indicate whether the statement is true or false