Erica was glad to be one of the first stockholders when her friend Mike's business went public. She bought 100 shares of stock at a price of $2 each. However, the firm hasn't done well. The stock price is now down to $1, and the firm's net worth is a negative $100,000. If the firm goes under, the maximum amount Erica would be out would be:

Q: Having trouble with working out problem

A: Error (3056)=$1,280-$1,270=$10

Q: Explain contributory negligence.

A: Auditing is a gathering of information and evaluation of evidence as to report on the degree of…

Q: "Do not do to others what you would not like yourself?" Give an example of experienced stance when…

A: Answer:-  Golden Rule:- This golden rule taken from The Bible. The idea behind this rule is that one…

Q: 1 Third party liability auto insurance is mandatory coverage. True B) False 2 Under an automobile's…

A: Answer 1 Correct option (A): TRUE  According to the motor vehicles Act, third party Insurance is a…

Q: what are the Benefits and Costs of Delinquency In the field of lending

A: Whenever a customer does not meet their obligation, a cost aries as the payment on the credit sales…

Q: Why does car insurance which explicitly includes ensuring the car for commercial use act to reduce…

A: Car insurance helps the people to protect from the financial losses. The person provide the…

Q: List three typical reasons for abnormal deposit drains?

A: Abnormal deposit means the depositee isn't to return the particular cash saved, however he is to…

Q: Describe how an unrelated tenant in common or joint tenant should protect him- or herself from…

A: Please find the answer to the above question below:

Q: Distinguish between normal and abnormal losses and explain.

A: Definition:Normal Loss: Loss due to the inherent nature of processes and raw materials.Abnormal…

Q: er type of account name for gift card lia

A: Gift card liability refers to the concept that reflects that the company has the obligation to…

Q: Which coverage under the Ontario Auto Policy (OAP 1) applies to the damage to the vehicle in not at…

A: OAP 1 policy- It sets out the detailed rights and obligations of both the insured and their…

Q: DEFINE AND INDICATE TYPES OF DUMPING.

A: Dumping: Dumping refers to the reduced price of the products at which price the exporters exports…

Q: The PRIMARY function of an umbrella liability insurance policy is to provide coverage for   • A.…

A: Umbrella Insurance is extra insurance that provides protection beyond existing limits of other…

Q: MATCH WITH THE  BEST ANSWER Liability Insurance Mistakes happen. You, your employees, your…

A: Insurance: It is an agreement between two parties where a party undertakes to cover the other party…

Q: Sin taxes is not imposed on    Cigarettes Cosmetic surgery Wine Softdrinks

A: Sin Tax is imposed on Cigarettes, Softdrinks, Wine. No sin tax is imposed on Cosmetic Surgery

Q: What are some of the possible consequences should a home owner allow the policy to lapse?

A: If the policyholder of the property insurance fails to make multiple payments, then the homeowners…

Q: Low self-esteem is a _________ disorder. A person views him/herself as inadequate, unlovable, or…

A: The answer is provided as follows:

Q: he Equipment Breakdown Protection Coverage Form insuring agreement under which the insurer agrees to…

A: Spoilage is waste or loss of raw material during production. It refers to badly damaged material in…

Q: uge to or loss of a dwelling and personal property of of g protects the beneficiary against the…

A: The objective of the question is to understand the various aspects of insurance and how it works. It…

Q: When compleling an insurance application, a producer should   A.complete as much of the…

A: The producer of insurance has responsibility of taking care of clients and telling every thing about…

Q: An act of treating employees unfairly based on their gender, age, race, etc is called?- a.…

A: discrimination is treating employees unfair and biased based on age, religion, sex etc.

Q: Fuel-Rite Company operates a fleet of fuel trucks. When one of the trucks is positioned to receive a…

A: “Since you have asked multiple questions, we will solve the first question for you.  If you want a…

Q: Repairing a leaky roof after a hail storm is an example of maintenance. O routine custodial O…

A: Maintenance refers to the process of preserving something so that it continues to work in the same…

Q: Suppose health-care reform Y makes it unlawful for insurance companies to deny insurance to persons…

A: In finance when health care related policies are implemented then a cost benefit analysis is done by…

Q: write

A: Writing off Damaged goods Before making the journal entries for the damaged goods first to ascertain…

Q: Discuss two types of voluntary winding up

A: Introduction:- Winding up is the process of closing of business operations. It means creases of…

Q: Intoxicated persons, who do not know what they are doing, have limited contractual capacity. True or…

A: Capacity to enter into a contract. For enter into a contract parties should be sound minded. In case…

Q: provides protection against most risks of fire, theft and some weather damage.

A: Property insurance provides protection against most risks of fire, theft and some weather damage.…

Q: When compleling an insurance applicalion, a producer should A. complete as much of the application…

A: The job of the producer is to make sure that the applicant knows all the features of the insurance…

Q: What does furlough mean?

A: Furlough: Furlough is a provisional leave of workers owing to particular requirements of a firm or…

Q: Give typing answer with explanation and conclusion  Property insurance protects you from financial…

A: Insurance is a contract between an individual or entity (the policyholder) and an insurance company.…

Q: Glass insurance ... 1  provides no cover for plate glass shop counters. 2  covers the cost of…

A: insurance: it provides the protection against any loss.

Q: What is the minimum limit that an automobile policy must carry for third party liability in Ontario?

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Name a peril that is often excluded from an home or auto insurance policy.  Why is the peril…

A: Insurance is a contract that compensates the insurer against loss from specific contingencies or…

Q: Risk of material misstatements increases if

A: Please see the next step for the solution

Q: What are Automobile Medical Payments?

A: Automobile medical payments are a part of insurance policy which is required to be paid in order to…

Q: What is the best approach for compensating auto accident victims?

A: The auto accident results in both financial loss as well as injury to the victims. The financial…

Q: 1  Exclusions to policies cannot be deleted and always apply. 2  Exceptions to a policy can be…

A: The correct answer is option 3  Loss arising from war is a general exclusion to commercial policies.

Q: 19. ________ behavior is when you stand up for your rights, but you do it in a manner that violates…

A: The first question is asking to identify the type of behavior where a person stands up for their…

Q: Regarding accountant's liability, the courts have held accountants liable for their financial…

A: Accountants' liability for their financial statements can extend to various parties, and the extent…

Q: which of the following is not a specific risk to individual for violations of AML Laws? Civil…

A: Anti-Money Laundering (AML) laws = AML laws are a set of regulations and measures implemented by…

Q: 1. Insurable interest refers to O A. the item to be insured should be legal and not against public…

A: Insurable Interest forms subject matter of all insurance policies and is defined as follows

Q: Name the coverage for auto insurance. Covers the costs of lawsuits if someone is injured or killed…

A: Whether you buy or lease a vehicle, it's vital to protect your investment. If you are in an…

Q: A Personal Liability Umbrella isn't required for most people, but certainly can be valuable. At what…

A: Insurance is a policy or in other words is a contract in which the insurance company promises to…

Q: can occur and result in No matter the profession, actor, cashier, president, or police officer,…

A: Proper sentence has to be formed by filling in the missing information.

Q: To receive coverage for bodily injury resulting from an accident with a stolen vehicle, an…

A: Auto insurance also called motor insurance is the type of insurance that is used for insuring a…