If a firm has $400,000 in credit sales and $100,000 in average accounts receivable, accounts

receivable turnover is

A) 14. B) 25 percent. C) 5. D) 4.

D

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Which of the following is true of state responsibility toward acts of terrorism?

A. A state is liable for all terrorist acts that happen within its territories. B. A state is only liable for international acts of terrorism perpetrated by its nationals. C. A state's responsibility is often limited to helping other states bring terrorists to trial. D. A state is liable only for those terrorist acts that are perpetrated by foreign nationals within its territory.

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What can an insured do under a homeowners policy to provide insurance coverage for specific

valuable items, such as a rare and valuable painting? A) Add a personal effects floater to the policy covering the artwork B) Add the standard artwork addendum to the policy C) Obtain an independent appraisal and submit it to the insurer D) Nothing in particular; it will be covered within the overall policy limits, but that might leave less coverage for other items E) Execute an appurtenant structure substitution agreement in which the coverage for the rare item will take the place of coverage for appurtenant structures

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