Sarah purchased a Personal Auto Policy with liability limits of 50/100/25. Sarah ran a stop sign and hit a van. The van sustained $15,000 in damages
The following bodily injuries were suffered by passengers in the van: Passenger #1, $15,000; Passenger #2, $60,000; and Passenger #3, $10,000. Sarah sustained $5,000 in medical expenses, and Sarah's car sustained $10,000 in damages. How much will Sarah's insurer pay under Part A: Liability Coverage?
A) $90,000
B) $100,000
C) $115,000
D) $125,000
Answer: A
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Under the indirect method of preparing the statement of cash flows, which of the following is added to net income in the operating activities section?
A. Gain on sale of equipment B. Depreciation expense C. Increase in accounts receivable D. Decrease in accounts payable
Santa Fe Railway transports industrial products and supplies throughout the Western United States. Selected financial information for Santa Fe is provided in the table below
The CFO of Santa Fe, Richard Pennybags, wants to distribute $1B of cash using an open market stock repurchase. If the shares are bought back at the pre-repurchase price, then what proportion of shares will be repurchased? Santa Fe Railway Selected Financial Information Stock Price $62.725 Cash $1,000M Market Capitalization $9,408.75M Shares Outstanding 150M Debt $0 A) 5.63% B) 7.47% C) 8.48% D) 10.63% E) 11.83%