To collect the proceeds of a life insurance policy, the purchaser must have an insurable interest in the life of the insured when the
a. insurance is purchased.
b. policy is issued.
c. first premium is paid.
d. insured dies.
A
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Double-declining-balance depreciation is most commonly used by businesses for financial reporting purposes
a. True b. False Indicate whether the statement is true or false
Carriveau Corporation's most recent balance sheet appears below:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets: Current assets: Cash and cash equivalents$31 $34 Accounts receivable 73 67 Inventory 74 64 Total current assets 178 165 Property, plant, and equipment 456 370 Less accumulated depreciation 207 196 Net property, plant, and equipment 249 174 Total assets$ 427 $ 339 Liabilities and stockholders' equity: Current liabilities: Accounts payable$49 $56 Accrued liabilities 19 20 Income taxes payable 26 24 Total current liabilities 94 100 Bonds payable 152 200 Total liabilities 246 300 Stockholders' equity: Common
stock 35 30 Retained earnings 146 9 Total stockholders' equity 181 39 Total liabilities and stockholders' equity$ 427 $ 339 Net income for the year was $172. Cash dividends were $35. The company did not sell or retire any property, plant, and equipment during the year. The net cash provided by (used in) operating activities for the year was: A. $183 B. $(11) C. $161 D. $246
A comprehensive statement of work includes an estimate of time and costs, resource requirements, and the scope of the work to be performed
Indicate whether the statement is true or false
An investment of $1,000 will return $60 annually forever. What is its internal rate of return?
A) 6% B) 0.60% C) 16.67% D) 60% E) Cannot be determined.