Burgess had a $50,000 life insurance policy with a double indemnity clause. Burgess had not yet paid the annual premium of $200 when he was killed in an automobile accident. How much will his beneficiary receive?
$100,000 minus the $200 premium due. This represents the automatic premium loan nonforfeiture right.
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On the statement of cash flows prepared using the direct method, cash from customers would be computed as sales plus
A) an increase in accounts receivable. B) an increase in accounts payable. C) a decrease in accounts receivable. D) a decrease in accounts payable.
Which of the following accounts probably would be greater in amount on an adjusted trial balance than on a trial balance?
A) Wages Payable B) Unearned Revenue C) Prepaid Advertising D) Painting Supplies
The book states that BOP strategies often fail. There are as many reasons for failure as there are reasons for success. The book explicitly states to "fail early and fail fast." Why is this advice important for social entrepreneurs?
A. It offers an "escape route" for risky ventures. B. It suggests that BOP strategies are destined for failure and therefore a success is a real "win." C. It suggests that a lot can be learned from failures, lessons that sow the seed of success for the next venture. D. It means the faster you fail, the more the investors will get back out of the venture. E. It suggests that if you think you might fail, get out early and recover your losses.
Procedural fairness suggests that the way a pay decision is made is of less importance to employees than the results of the decision.
Answer the following statement true (T) or false (F)