A(n) ________ is a document that modifies an insurance policy and becomes part of the insurance policy
A) endorsement
B) easement
C) injunction
D) convention
A
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In a process-costing system, goods are relatively homogeneous and different cost flow assumptions are allowable
Indicate whether the statement is true or false
Total flow time of all the jobs divided by the number of jobs gives the ______.
a. average processing time b. average job flow time c. average job tardiness d. average job setup time
A well-diversified portfolio includes investments in 50 securities. The portfolio's systematic risk is
likely to be about A) 50% of the total risk. B) 25% of the total risk. C) 40% of the total risk. D) zero because risk is eliminated with a portfolio of 50 securities or more.
Suppose DeGraw Corporation, a U.S. exporter, sold a solar heating station to a Japanese customer at a price of 130.5 million yen, when the exchange rate was 140.0 yen per dollar. In order to close the sale, DeGraw agreed to make the bill payable in yen, thus agreeing to take some exchange rate risk for the transaction. The terms were net 6 months. If the yen fell against the dollar such that one dollar would buy 154.4 yen when the invoice was paid, what dollar amount would DeGraw actually receive after it exchanged yen for U.S. dollars?
A. $845,207.25 B. $1,039,604.92 C. $1,048,056.99 D. $676,165.80 E. $659,261.66