Scenario: stephanie has been driving for four years without any major auto accidents—until today. it was pouring rain when she left class, and within minutes of leaving, she was forced to make an evasive maneuver that caused her to go into a spin on the wet road. after knocking an expensive, high-end luxury car down an embankment, stephanie came to a stop by smashing into the side of a mid-range sedan. she was found to be at fault in the accident, so let’s look at the extent of the damage she caused: luxury car: this car was totaled at a value of $95,000. sedan: this car will need $4,000 in repairs. hospital bills: the driver of the luxury car had $15,000 in medical bills for a broken arm, while his passenger had $185,000 in medical bills for emergency surgery and recovery. like many americans, stephanie carries a 100/300/100 liability policy. given the fact that stephanie does not have an umbrella policy in place, how much of the remaining hospital bills for the passenger in the luxury car will she be held personally responsible for? a) $4,000 b) $15,000 c) $85,000 d) $100,000

You have just been hired as a financial analyst for barrington industries. unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. so, your first job will be to recreate the firm's cash flow statement for the year just ended. the firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. it earned $5 million in net income during the year but paid $800,000 in dividends to common shareholders. throughout the year, the firm purchased $5.5 million of machinery that was needed for a new project. you have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $450,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. what was the firm's end- of-year cash balance? recreate the firm's cash flow statement to arrive at your answer

What is the difference between secure bonds and naked bonds?

11.     before adding cream to a simmering soup, you need to a. simmer the cream. b. chill the cream. c. strain the cream through cheesecloth. d. allow the cream reach room temperature. student d   incorrect which answer is right?