Author Question: Several different values can be considered when determining how much insurance should be carried on ... (Read 40 times)

nmorano1 · **on:** Jul 11, 2018

Several different values can be considered when determining how much insurance should be carried on a dwelling (the Coverage A limit of the Homeowners 3 policy). The appropriate value that should be used is:

A) the home's market value.
B) the home's actual cash value.
C) the home's appraised value for property tax purposes.
D) the home's replacement cost.

Question 2

Given the following financial statements for ACME Corporation, what amount did the company
pay in dividends for 2010?

Income Statement Balance Sheet
Year Ended 12/31/10 12/31/2010 12/31/2009
Sales 1,300,000 Current Assets 50,000 45,000
Cost of Goods Sold 750,000 Gross Fixed Assets 880,000 650,000
Operating Expenses 200,000 Less Accumulated
Depreciation
450,000 350,000
Depreciation Expense 100,000 Fixed Assets 430,000 350,000
EBIT 250,000 Total Assets 480,000 395,000
Interest Expense 50,000
EBT 200,000 Current Liabilities 35,000 50,000
Taxes 80,000 Long-term Debt 330,000 270,000
Net Income 120,000 Common Stock 5,000 5,000
Retained Earnings 110,000 70,000
Total Liabilities & Equity 480,000 395,000
A) 25,000 B) 100,000 C) 80,000 D) 45,000

Ksanderson1296 · **Reply #1 on:** Jul 11, 2018

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 50% of students answer this correctly