Which statement is false under a Homeowners Policy?
A) The personal property replacement cost endorsement may be added to cover the contents on a replacement cost basis.
B) The scheduled personal property endorsement provides open peril coverage.
C) Theft of silverware is covered up to $2,500.
D) Money is covered up to $500 per occurrence.
Answer: D) Money is covered up to $500 per occurrence.
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In a period of rising prices, the inventory method which tends to give the highest reported cost of goods sold is
a. FIFO. b. average cost. c. LIFO. d. none of these.
Comparing net present value and internal rate of return analysis:
A) always result in the same ranking of projects. B) always result in the same accept/reject decision. C) may give different accept/reject decisions. D) is only necessary on mutually exclusive projects.