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Never-Die Battery manufactures batteries for industrial and consumer use. The company purchased a commercial package policy (CPP) to cover its property exposures. In addition to common policy conditions and declarations, the policy contains a building and personal property coverage form and an equipment breakdown protection coverage form. The policy also contains the causes-of-loss broad form. With respect to each of the following losses, indicate whether or not the loss is covered.
a. An explosion occurred that damaged the building where finished batteries are stored.
b. Because of the explosion, the company incurred expenses for expedited shipping of replacement parts for machines used to manufacture the batteries.
c. The explosion injured several employees who received emergency treatment at a local hospital. d. An automatic sprinkler system accidentally discharged in the finished goods building. Some recently manufactured batteries were ruined because of water damage and corrosion.
What is the difference between availability float and clearing float, and from which perspective-collection or payment-is each relevant?
this project costs 500. what is the payback period for this investment? the initial cost is 500. after the first two
What is the difference between the breakeven points for Machines A and B? (Hint: Find BEB - BEA)
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Based on your cash budget findings, answer the following questions: Will the company need any outside financing? What is the minimum line of credit that CBM will need? What do you think of CBM's cash position during the budget period? Do you see any ..
You have been hired as an executive director of a small nonprofit organization. Among your many duties are to determine an annual budget and develop a fiscal plan for the organization.
However, with the warrants attached the bonds will pay a 6% annual coupon and can still be issued at the par value of $1,000. There are 30 warrants attached to each bond. What is the value of each warrant?
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The president, vice president, and sales manager of Moorer Corporation were discussing the company's present credit policy.
you(and the market) have expectations that in 5 years the YTM on a 15 year bond with similar risks will be 8.5%. How much should you be willing to pay for bond x today?
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