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
Answer:
The correct answer to the following question will be "keeping the product line since they would lose an extra $40000 if they dropped".
Explanation:
Keep Drop
Loss $100000 (given) -
Fixed asset loss - (300000-160000)
Loss $100000 140000
If dropped, so the $40000 damage would be included. Such that the correct approach is "keeping the product line since they would lose an extra $40000 if they dropped."
Answer:
The company’s target debt-equity ratio is 1.16 : 1
Explanation:
Percentage flotation costs = 1 - (14100000/14100000 + 735000)
= 1 - (14100000/14835000)
= 4.95%
We know that:
(1 + Debt/Equity)*4.95% = 0.071 + 0.031*(Debt/Equity)(Percentage flotation cost equation)
0.0495 + 0.0495*(Debt/Equity) = 0.071 + 0.031*(Debt / Equity)
0.049545*(Debt/Equity) - 0.031*(Debt/Equity) = 0.071 - 0.0495
0.018545*(Debt/Equity) = 0.021455
Debt/Equity = 0.021455/0.018545
Debt / Equity = 1.16 : 1
Therefore, The company’s target debt-equity ratio is 1.16 : 1
Answer:
1.)a
2.)b
3.)c
4.)c
I think this could be the answer
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