When reviewing an insurance policy

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1. Miller’s Hardware has a flexible short-term financing policy. Over the course of one year, the firm should expect to have some months that allow it to:

repay all of its debts.

invest in marketable securities.

reduce its total costs below the firm’s normal minimum total cost point.

finance all of its assets with short-term loans.

earn high returns on all its current assets.

2. When reviewing an insurance policy, which is not considered a key policy provision?

a. The deductible

b. Perils covered

c. Losses covered

d. Amount of coverage

Reference no: EM131867906

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