A number of states have established special funds for compensating innocent accident victims who have exhausted all other means of recovery. These funds are called:
a) Joint underwriting association
b) Unsatisfied judgment funds
c) Reinsurance facilities
d) Auto insurance plans
Ans: b) Unsatisfied judgment funds
Business
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Brady Logistics purchased a 30% equity interest in Belichick Delivery for $1,000,000 at the beginning of Year 1. During Year 1, Belichick declared $900,000 in net income and paid $400,000 in dividends. What AMOUNT OF NET INC will Brady report on this investment?
a. $150,000 b. $0 c. $270,000 d. $120,000
Business
A company's mission could appropriately be stated as "making more sales or profits."
Indicate whether the statement is true or false
Business