Which "conditions" form in a complete Commercial Property policy specifies how a disagreement on the value of damaged property is handled?
a. The Building and Personal Property Conditions form.
b. The Commercial Property Conditions form.
c. The Common Conditions form.
d. The Additional Conditions form.
Ans: a. The Building and Personal Property Conditions form.
Business
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A company has total assets of $120,000, current assets of $80,000, total liabilities of $50,000, and current liabilities of $25,000. What is the working capital?
A. 4.80:1 B. 3.20:1 C. 2.40:1 D. 1.60:1
Business
On January 21, 2016, Bessant, Inc. received merchandise from Mullies, Inc. On that date, it found a few of these goods to be damaged. On January 22, it returned the damaged goods to the seller. Such returns will be treated as ________ by Bessant
A) purchase returns B) sales returns C) purchase allowances D) sales allowances
Business