A person who is named to receive the benefits from an insurance policy is a(n)

Which of the following statements is CORRECT? a. Because most stock ownership is concentrated in the hands of a relatively small

lbvjy [14]

Answer:

d. The potential exists for agency conflicts between stockholders and managers.

Explanation:

A problem of the agency is a conflict of the interest of relationships where one party is expected to act in another best interest and usually refers to the conflicts of the interest between the companies management and the stockholders.

6 0

3 years ago

Donna, who is single and 30 years old, received several speeding tickets recently and was shocked by the effect they had on her

Serhud [2]

Answer:

C) raise her deductible from $250 to $1,000

Explanation:

If Donna starts to drop all her coverages, then she will not only pay less, she wouldn't any insurance to cover her.

If she really needs to lower her insurance costs, the best way to do it is to raise her deductible. That way she will still be covered, but she will need to put more money in case of an accident. To be honest, generally car accidents cost thousands, and increasing the deductible from by $750 is not really that much compared to what an insurance policy covers.

The deductible is the amount of the insurance claim that must be paid by the insured, the rest is paid by the insurance company.

4 0

3 years ago

What is the weighted average cost of capital (WACC) for ABC Limited which has the following capital structure? $5m of equity wit

katrin2010 [14]

The weighted average cost of capital (WACC) for ABC Limited is 12.63%

The weighted average cost of capital(WACC) of a firm is the average cost of finance incurred by the firm on all its sources of finance.

It is determined as the sum of the cost of each source of finance multiplied by their respective weights in the firm's capital structure.

By weights, I mean the percentage of funding each source contributes to the total finance available at the firm's disposal.

WACC=(weight of equity*cost of equity)+(weight of mezzanine finance*cost of mezzanine finance)+(weight of debt*cost of debt)

weight of equity=equity finance/total finance

cost of equity=15%

weight of mezzanine finance=mezzanine finance/total finance

cost of mezzanine finance=9.5%

weight of debt of finance=debt finance/total finance

total finance=$5m+$2m+$1m

total finance=$8m

WACC=($5/$8*15%)+($2/$8*9.5%)+($1/$8*7%)

WACC=12.63%

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7 0

1 year ago

Coronado Industries is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures w

lubasha [3.4K]

Answer:

Coronado Industries

The weighted-average accumulated expenditures are:

= $8,388,333.

Explanation:

a) Data and Calculations:

Amount borrowed on June 1 = $3,170,000

Interest rate = 13%

Outstanding 11% 3-year note payable = $6,350,000

Outstanding 12% 4-year note payable = $12,350,000

Date Expenditure Weight Weighted-Average

Expenditure

March 1 $6,370,000 10/12 $5,308,333

June 1 $5,280,000 7/12 3,080,000

December 31 $8,650,000 0/12 0

Weighted-average accumulated expenditure $8,388,333

7 0

2 years ago

Sana gill deposited $3,500 into a new business checking account to begin her new bookkeeping firm, gill bookkeeping. this busine

OLga [1]

Sana Gill deposited $3500 into a new business checking account to begin her new bookkeeping firm, Gill Bookkeeping. This business transaction would increase the company's cash, and increase Sana Gill's Capital.

<h3>A business transaction is what?</h3>

A financial exchange of commodities, money, or services between two or more people is referred to as a business transaction. A commercial exchange must have a measurable monetary value in order to be considered a transaction for accounting purposes. Business dealings will have an impact on the company's finances.

A long-term service contract might be as complicated as a business transaction, or it can be as simple as a cash purchase. The following requirements must be met for a transaction to qualify as a commercial transaction:

The deal can be valued financially.

The company and the third party engage in the transaction.

The deal is made on behalf of the company and not for a person's personal benefit.

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4 0

1 year ago