Michele's property insurance on her home was canceled by the insurance company after a period of 315 days. What would be her regular refund if the annual premium were $385.00? (Round your answer to the nearest cent)
A) $332.62
B) $332.26
C) $52.74
D) $385.00
C
You might also like to view...
The process of using accounts receivable as security for a loan is known as pledging accounts receivable.
Answer the following statement true (T) or false (F)
The elements of a job such as fiscal accountability, leadership, and product accountability are referred to as
A. job specifications. B. job classification factors. C. compensable factors. D. factor comparisons.
On-The-Level Manufacturing buys materials on credit at the start of the month and pays in 60 days. They also sell on credit, bill customers at the beginning of the month, and receive payment 30 days later
Using Table 6.2, what is the net cash flow from purchases and sales for the month of February? A) $40,000 B) $45,000 C) -$45,000 D) There is NOT enough information to answer this question.
Project S has a pattern of high cash flows in its early life, while Project L has a longer life, with large cash flows late in its life. Neither has negative cash flows after Year 0, and at the current cost of capital, the two projects have identical NPVs. Now suppose interest rates and money costs decline. Other things held constant, this change will cause L to become preferred to S.
Answer the following statement true (T) or false (F)