Briefly compare the advantages and disadvantages of truck and rail transport
What will be an ideal response?
Truck transport is quick and delivery locations are virtually unlimited, while rail transport is slower and delivery locations are restricted by proximity to rail lines. However, rail transport is much less expensive than truck transport.
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Jackson has purchased Liability coverage limits of 100/200/50 on his PAP
He has an accident and finds himself liable for damages awarded in the following order: Bodily injury to A - $250,000 Bodily injury to B - $200,000 Bodily injury to C - $150,000 Property Damage to D - $40,000 Which of the following is true? A) Jackson's insurer will pay nothing to A. B) Jackson's insurer will pay $250,000 to A. C) Jackson's insurer will pay $100,000 to A, $150,000 to C, and $40,000 to D. D) Jackson's insurer will pay nothing to C.
A city was awarded a $600,000 federal grant to help finance a bridge construction project that is expected to take two years to complete
The grant will be paid in two installments: (1) 60% (nonrefundable) at the beginning of the project in Year 1, and (2) 40% when the project is completed. Capital Projects Fund revenue should be recognized in Year 1 in the amount of a. $0 b. $600,000 c. $300,000 d. $360,000 e. $240,000