The maturity value of a 60-day, 9 percent, $4,000 note receivable is
A) $3,940.66.
B) $3,641.78.
C) $4,059.18
D) $4,360.24.
C
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Over the years Rianna paid $65,000 in premiums on a life insurance policy with a face value of $100,000. Upon reaching 65, while still in good health, Rianna surrendered the policy and collected $95,000. In the year of collection, Rianna will report
A. $95,000 of taxable income. B. $5,000 of tax loss. C. no income. D. $30,000 of taxable income.
If Pacific Power and Light increased its rates by 10% and experienced a 2% reduction in the demand for power, the demand would be
A. elastic. B. minimal. C. minor elasticity. D. variable. E. inelastic.
A special lien enabling a city to seize property because of unpaid taxes is called a(n) ____________________
Fill in the blank(s) with correct word
A contract must be for a lawful purpose, which must be achieved in a lawful manner, otherwise the contract is: A) voidable
B) void. C) rescinded. D) ratified.