What type of agreement is usually put in place as temporary insurance while the company determines whether to accept or reject an insurance application?

A) Temporary plan
B) Binder agreement
C) Preauthorization agreement
D) Prebinding agreement
E) Preemptive agreement

Carducci Corporation reported net sales of $3.6 million and beginning total assets of $0.9 million and ending total assets of 1.3 million.The average total asset amount is:

A) $2.3 million.
B) $2.7 million.
C) $0.25 million.
D) $0.36 million.
E) $1.1 million.

On a value-chain analysis using an SPA,a firm determines that its performance is low in the area of operations.Operations is an area of low importance to the firm.Which of the following would be the best recommendation for the firm?

A) Do not focus additional effort on operations.
B) Focus more effort and resources on operations.
C) Modify the value chain to emphasize operations.
D) Re-evaluate how the firm handles current operations.

Ramiro Company purchased 40% of the outstanding stock of Marco Company on January 1. Marco reported net income of $95,000 and declared dividends of $35,000 during the year. How much would Ramiro adjust its investment in Marco Company under the equity method?

The cost of producing a particular job under a job cost system is accumulated on a record called a ___________________.

When doing cost volume profit analysis, the starting point is always to analyse the cost behaviours in relation to activity levels.

Grandfather Summers had two children,Mary and Bill.Mary,her father's favorite,has one child,Margaret.Bill has two children,Jill and John.Mary and Bill die before Summers (in legal terms,predecease him) ,but all three grandchildren are living at the time of his death.Summers' estate has to be divided per capita.Who will get what?

A) The spouses of Mary and Bill will inherit the estate.
B) Mary's children will inherit the majority share of the estate.
C) All three grandchildren will receive an equal share.
D) The estate will go to a trust because Mary and Bill are deceased.