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2 years ago

Which of the following is not a bad faith action

Business

1 answer:

dimulka [17.4K]2 years ago

7 0

Answer:

Examples of bad faith include undue delay in handling claims, inadequate investigation, refusal to defend a lawsuit, threats against an insured, refusing to make a reasonable settlement offer, or making unreasonable interpretations of an insurance policy.

Explanation:

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What is the yield to maturity of a ten-year, $1000 bond with a 5.2% coupon rate and semiannual coupons if this bond is currently

Anna35 [415]

Answer:

A. 6.82%

Explanation:

Yield to Maturity is a discounting rate which equals all the cash outflows related to bond with the present /current market value of bond. YTM is calculated by trial and error method. Since the options are available in the question, we can use those options to find out correct YTM.

First we are taking YTM 6.82%

Semi-annual YTM = 3.41%

Coupon Interest semi annual = 1000*5.2%*1/2

= $26

No of times interest paid = 10*2

= 20

Present Value of bond

= Coupon Interest*PVIFA (YTM, 20) + Par Value x PVIF (YTM, 20)

= 26*PVIFA (3.41%, 20) + 1000*PVIF(3.41%, 20)

= (26*14.32884) + (1,000*0.511386)

= 372.55 + 511.39

= $884

At YTM 6.82% all the future cash flows of bond is equals to its current value.

Therefore, The correct YTM is 6.82%

4 0

3 years ago

The term that comprises organizational principles, values, and norms that may originate from individuals, organizational stateme

boyakko [2]

Answer: Business ethics

Explanation: Business ethics is that branch of ethics, which examines the problems that arise due to unethical behavior of employees within an organisation. Such a behavior can result into serious issues like insider trading or false whistle blowing etc.

Business ethics helps to form the guidance on value and norms that an employee should follow in the form of code of ethics.

8 0

2 years ago

Read the information about two competing credit cards. Credit Card 1 Credit Card 2 Interest rate 0% introductory rate, then 13.8

Likurg_2 [28]

Answer:

a. had major expenses in the first year.

d. Carried a large balance in the long term.

If the borrower has major expenses in the first year, then Credit Card 1 will be a better option since it allows the borrower to repay the credit card balance without paying any finance charges. However, the borrower must repay the credit card balance by the end of the first year in order to take advantage of the introductory offer at 0% interest.
If the borrower had a large unpaid balance over a long term, switching to credit card 1 from a previous credit card will give the borrower a chance to repay the outstanding balance. This option will be effective only if the borrower manages to repay the outstanding balance within the period the introductory offer lasts.

7 0

3 years ago

Read 2 more answers

During 2020, Vaughn Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Vaughn for a lu

Vlad [161]

Answer:Gross profit realized during 2020 =$30,899

amount of inventory of unsold straight chairs on December 31, 2020 =$63,800

Explanation:

A)Vaughn Furniture Company purchases a carload of wicker chairs at a cost of a lump sum of $131,670 in 2020

Now the total number of chairs purchased per type is;

Lounge chairs 880

Armchairs 660

Straight chairs 1,540

Total = 3,080 chairs purchased

Also, Vaughn sells

440 Lounge chairs at $90 each = 440 x 90=$39,600

220 Armchairs at $80 each= 220 x 80 =$ 17600

264 Straight chairs at $50 each = 264 x 50 =$13,200

Total selling price of 924 chairs =$39,600+$ 17600+$13,200 =$70,400

Now , if 3,080 chairs can be purchased for a-lump sum amount of $131,670

924 chairs can be puchased in a lump sum of (924 x 131,670) /3080

=$39,501

Remember that the Selling price for 924 chairs =$70,400

Gross profit realized during 2020 = $70,400 -$39,501=$30,899

b).

Estimated Selling Price value for straight chair =$50

Straight chairs remaining= 1540-264=1276

1276 at $50 each = 1276 X 50 =$63,800

6 0

2 years ago

The primary financial goal of a corporation is shareholder wealth maximization, which involves maximizing the long-run value of

Marrrta [24]

Shareholder Wealth Maximization, Intrinsic Values, and Ethics

Explanation:

The principle of shareholder wealth maximization (SWM) maintains that a highest possible return to shareholders is and therefore should be the objective of all multinational activity. From the point of view of financial management, the prices of the common shares of a company must be maximised.

People also compromise themselves for many other things, such as religion, their land, justice, knowledge, truth, art. or other items. All of these tasks convey the second feature of the value: they are valued for their own sake by someone.

Business ethics relates to the application of appropriate laws and policies on controversial issues.

8 0

3 years ago