The budget is more directed towards planning than are the income statement and balance sheet

Ann Parks and Robert Evans jointly own a grocery store. Ann and Robert are both named insureds on the property insurance covering the store, but Ann is the first named insured

Which of the following statements is true with regard to Ann's status as the first named insured? A) Any loss settlement is paid to Ann only. B) Ann is responsible for making sure that the premium has been paid. C) Ann can assign the policy without the consent of the insurer. D) Ann can waive policy conditions.

You are saving for your child's university education. It is her 1st birthday today. She will start university just after her 19th birthday. You are going to save $2,000 per year each year starting today and ending on her 18th birthday

If you expect to earn a rate of 5% in the savings account, then how much will you have saved by her 19th birthday? A) $56,264.77 B) $59,078.01 C) $61,078.01 D) $64,131,91 E) $54,264.77