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3 years ago

Which of the following statements about the commercial umbrella liability policies is false?

Business

1 answer:

mr Goodwill [35]3 years ago

6 0

Answer:

The Correct Option is C

Explanation:

Even if the insured fails to keep the underlying coverage in force, the umbrella policy is designed to still cover all claims that surpasses the underlying policies limit as though the were kept in force.

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If a country has a trade surplus, we can conclude that it also has:

ANTONII [103]

<span>If a country has a trade surplus, we can conclude that it also has a net capital outflow.

</span><span>A trade surplus is an economic measure of a positive balance of trade, where a country's exports exceed its imports.</span>

3 0

3 years ago

Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following ann

alekssr [168]

Answer:

Pecan Theatre Inc.

Annual Dividends:

Year Amount Cumulative Common Stock

Declared Arrears

20Y1, $64,000 $64,000 $96,000 $0

Per share dividends $1.60 $0

20Y2, $128,000 $128,000 $128,000 $0

Per share dividends $3.20 $0

20Y3, $288,000 $288,000 $0 $0

per share dividends $7.20 $0

20Y4, $368,000 $160,000 $0 $208,000

Per share dividends $4.00 $2.08

20Y5, $448,000 $160,000 $0 $288,000

Per share dividends $4.00 $2.88

20Y6, $576,000 $160,000 $0 $416,000

Per share dividends $4.00 $4.16

Explanation:

a) Data and Calculations:

Outstanding common stock = 100,000 shares at $10 par

Outstanding 4% cumulative preferred stock = 40,000 at $10 par

Annual preferred stock dividend = 4% * 40,000 * $100

= $160,000

Annual Dividends:

Year Amount Cumulative Common Stock

Declared Arrears

20Y1, $64,000 $64,000 $96,000 $0

Per share dividends $1.60 ($64,000/40,000) $0

20Y2, $128,000 $128,000 $128,000 $0

Per share dividends $3.20 ($128,000/40,000) $0

20Y3, $288,000 $288,000 $0 $0

per share dividends $7.20 ($288,000/40,000) $0

20Y4, $368,000 $160,000 $0 $208,000

Per share dividends $4.00 ($160,000/40,000) $2.08 ($208,000/100,000)

20Y5, $448,000 $160,000 $0 $288,000

Per share dividends $4.00 ($160,000/40,000) $2.88 ($288,000/100,000)

20Y6, $576,000 $160,000 $0 $416,000

Per share dividends $4.00 ($160,000/40,000) $4.16 ($416,000/100,000)

6 0

2 years ago

ABC Co. expects to sell 2,200 units, give or take 10 percent. The expected variable cost per unit is $8.43 and the expected fixe

topjm [15]

Answer:

Earning Before Interest and Taxes $3,704

Explanation:

Sales (2,200 * 16.25) 35,750

Less: Variable Costs (2,200 * 8.43) <u>(18,546)</u>

Contribution Margin 17,204

Less: Fixed Cost (9,500)

Depreciation Expense <u>(4,000)</u>

Earning Before Interest and Taxes <u>$3,704</u>

3 0

3 years ago

Which of the following accounts are classified as shareholders' equity?

vazorg [7]

The following accounts which are classified as shareholders' equity are Additional paid-in capital, Common stock ,Retained earnings.

Option A, B, C is correct.

<h3>Shareholder Equity:</h3>

Shareholder Equity is the amount invested in the business by the owner of the business. This includes the money they have invested directly and the accumulation of earnings earned by the company that has been reinvested since its inception.

<h3>Is equity a liability or an asset?</h3>

Equity is the company's total assets minus total liabilities. It can be defined as the total amount of dollars that a company would be left with if it liquidated all its assets and paid off all its liabilities. This is then distributed to shareholders.

Learn more about shareholder equity:

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5 0

1 year ago

After meeting with your new client, you prepared his statement of financial position and pie charts. Which part of the financial

yuradex [85]

Answer:

Analyzing the client's personal and financial circumstances.

Explanation:

The Financial Planning process is the process involved in planning and formulating certain strategies for the client. The professionals' design plannings and strategies based on the financial situation of the client. They consider every aspect of the financial situation of the client. There is a total of six steps involved in the planning process. Analyzing and evaluating the financial status of the client comes under the third step.

8 0

2 years ago