Your home insurance policy has a $500 deductible. if a windstorm causes $2,000 damage to your home, what amount of the claim would the insurance company pay?

a. $2,000

b. $1,000

c. $1,500

d. $500

Simon recently received a credit card with an 18% nominal interest rate. with the card, he purchased a new stereo for $350. the minimum payment on the card is only $10 per month.

The assets of dallas & associates consist entirely of current assets and net plant and equipment. the firm has total assets of $2.6 million and net plant and equipment equals $2.2 million.

The Atlantic Co. has sales of $21,600, total costs of $16,780 and taxes of $1,750. The dividend payout ratio is 12 percent. Sales are expected to increase by 22 percent next year.

Suppose that the government of Ansonia is experiencing a large budget surplus with fixed government expenditures of G = 200 and fixed taxes of T = 150. Both G and T are independent of income.

Scenario 24-2 The price tag on a golf ball in 1975 read $0.20, and the price tag on a golf ball in 2005 read $2.00. The CPI in 1975 was 52.3, and the CPI in 2005 was 191.3. Refer to Scenario 24-2. The price of a 1975 golf ball in 2005 dollars is a.

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Advances in technology have reduced the cost of manufacturing MP3 players if demand does not change

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James was a partner in a large firm. He died unexpectedly. His son, Frank, wanted to take over for his father in the partnership and was well qualified to do the work his father had done.

Last year Rain Repel Corporation had an ROE of 10 percent and a dividend payout ratio of 80 percent. What is the sustainable growth rate? Multiple Choice 1.11 percent 2.04 percent 44.44 percent 50.00 percent