Which of the following is not true regarding medical payments coverage?
A) It covers both family and nonfamily members.
B) It is not recommended or needed if you have health insurance.
C) It may even cover funeral expenses.
D) Insurance professionals recommend coverage of about $10,000 per person.
Answer: B
Business
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Barter Company borrows $20,000 for one year a 9% interest, but must maintain a $1,600 compensating balance. The effective rate of interest on this loan is
a. 9.0%. b. 17.0%. c. 9.8%. d. 8.0%.
Business
When analyzing supplier financials the current ratio indicates the ratio of ________ to ________
a. Current assets; current liabilities b. Cash; current liabilities c. Cash; current assets d. Current assets; cost of goods sold
Business