You have an HO policy with the following limits:
A = $50,000 (dwelling)
B = $5,000 (other structures)
C = $25,000 (personal property).
A tornado strikes your property. You lose your house, which is worth $40,000 at the time of the loss.
You also lose an unattached shed worth $8,000, and personal property worth $30,000. You will collect:
A) $78,000
B) $70,000
C) $58,000
D) none of the above
B
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a. True b. False Indicate whether the statement is true or false
________ is communicating in a way more readily understood by and more agreeable to persons of another communication style
Fill in the blanks with correct word
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A firm expects to have funds of $150,000 idle for 60 days. If the firm could purchase marketable securities yielding 10 percent and pay brokerage fees of $1,500, the firm ________
A) should make the investment since interest earned exceeds brokerage fees B) should not make the investment since the required rate of return is less than the cost of investment C) should leave the $150,000 in cash D) should invest the funds for more than 60 days due to the favorable rate