Which of the following statements concerning the scheduled personal property endorsement with agreed value loss settlement is (are) true?
I. The endorsement provides open-perils ("all-risks") coverage on the scheduled property.
II. Losses under the endorsement are settled on an actual cash value basis.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: A
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Mulcahey Automobiles Company fabricates automobiles
Each vehicle includes one wiring harness, which is currently made in-house. Details of the harness fabrication are as follows: Volume 800 units per month Variable cost per unit $7 per unit Fixed costs $12,000 per month An Indonesian factory has offered to supply Mulcahey with ready-made units for a cost of $15 per wiring harness. Assume that Mulcahey's fixed costs could be reduced by $4,000 if it outsources and that Mulcahey will not be able to use the excess capacity in any profitable manner. If Mulcahey decides to outsource, monthly operating income will ________. A) increase by $12,000 B) decrease by $12,000 C) increase by $5,600 D) decrease by $2,400
A well-written buffer can
A) trivialize the reader's concerns. B) divert attention from the problem. C) mislead the reader into thinking your message actually contains good news. D) indicate empathy with the audience. E) flatter the reader.