Sid burned his own warehouse in an attempt to collect on a fire insurance policy. Sid has committed
A) arson since he maliciously used fire to damage or destroy personal property
B) larceny since he committed an act intended to wrongfully obtain money from his insurance company.
C) a crime called "burning to defraud insurers" since the crime of arson only applies to property owned by another person.
D) an intentional tort, but not a crime since a person has a right to destroy his own property.
A
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For a standardized normal distribution, calculate P(z ? 0.85 )
A) 0.8033 B) 0.1977 C) 0.2340 D) 0.7660
The Box Manufacturing Division of the Allied Paper Company reported the following results from the past year. Shareholders require a return of 7%. Management calculated a weighted-average cost of capital (WACC) of 5%
Allied's corporate tax rate is 30%. Sales $700,000 Operating income $175,000 Total assets $1,500000 Current liabilities 600,000 What is the division's sales margin? A) 25.00% B) 46.67% C) 11.67% D) 40.00%