Prox Inc. is a U.S.-based manufacturer of consumer electronics. It decides to export to Mexico and wants to protect its goods against damage, loss, and pilferage. The document which is applicable here is an A. <u>insurance certificate.</u>
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Explanation:
- A certificate of insurance is a document used to provide information on specific insurance coverage.
- The certificate provides verification of the insurance and usually contains information on types and limits of coverage, insurance company, policy number, named insured, and the policies' effective periods
- Certificate of Insurance is a summary document usually issued by an agent on behalf of an insurer that says a policy has been issued to an insured for a general type of risk.
- The Certificate is usually issued to a third party who wants some evidence or assurance that a policy has been issued.
- A certificate of insurance is requested when liability and large losses are a concern.
- Most commercial leases require the tenant to provide certificates of insurance or other evidence of insurance. Certificates of insurance are typically issued by an agent or broker for the named insured and set forth the coverages written for the insured
50,000 x 5 = $250,000 Preferred Dividends
(780,000 - 250,000) / 100,000 =
b.$5.30
Answer:
Non negotiable Instruments
Explanation:
Non negotiable instruments are documents that guarantees(without changes) the payments of a specific amount of money, whose payer is usually named on the document. Non negotiable instruments may not be transferred from the holder or named party to another.
The non negotiable instrument usrd in this case between sandra and Joshua is a promissory note that states the terms and details of the repay or payback. Normally, a promissory note falls under the negotiable instrument, but because it contains a reference to another document, it then becomes a non negotiable instruments.
Answer:
1. 32.68%
2 .C. Two years
Explanation:
1. Using Excel or a scientific calculator, you can calculate the IRR which is the discount rate that makes the Net Present Value to equal $0.
= IRR(-2100000,1200000,1200000,1200000)
= 32.68%
2. The Payback period is how long it takes for the cash inflows to pay off the original investment.
Original Investment = -$2,000
After year 1 = -2,000 + 600 = -$1,400
After year 2 = -1,400 + 1,400 = $0
It took 2 years to payback the original investment so Two years is the Payback period.
Answer:
Option A is correct
Explanation:
In the question above, we have:
- 15 vehicles sold for $225,000, therefore, the average price was $225,000/15 = $15,000
A. The median price for the 15 vehicles was $13,000.
If the median price was $13,000, this means that half the cars were at that price or below. For every car that was below $13,000, there has to be a car above $17,000 to balance it out, to make the average stay at $15,000. If half the cars are below $13,000 and the highest cars are not above $16,500, then it would not be possible to have an average of $15,000. This statement implies that at least one car is above $17,000, and therefore has to be above $16,500. This answers to the question. This statement is sufficient.
