Nonforfeiture values guarantee which of the following for the policyowner?
A That the death benefit will be paid in a lump sum
B That the policy premiums will never increase
C That the cash value will not be lost
D That the dividends will be paid annually
C That the cash value will not be lost
Because permanent life insurance policies have cash values, there are certain guarantees built into the policy that cannot be forfeited by the policyowner. Nonforfeiture values give the insured the right to the cash value even if the policy lapses or is surrendered.
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When a manufacturing company employs standard costs, all costs affecting the three inventory accounts and the Cost of Goods Sold account are stated in terms of standard or predetermined costs rather than in terms of actual costs incurred
Indicate whether the statement is true or false
________ is essentially standardization in chunks
Fill in the blanks with correct word
Which of the following is a requirement of the Drug-Free Workplace Act imposed on all companies that do more than $25,000 worth of business with the federal government?
a. publish a policy that substance abuse in the workplace is prohibited b. establish a drug-awareness program for employees c. specify what actions will be taken against employees who violate company drug policies d. publish a policy that substance abuse in the workplace is prohibited and specify what actions will be taken against employees who violate company drug policies e. publish a policy that substance abuse in the workplace is prohibited and specify what actions will be taken against employees who violate company drug policies and establish a drug-awareness program for employees
Hayley loans David $20,000 by taking a mortgage on David's land on February 1, but does not record a mortgage. On April 1, Gavin loans David $15,000 taking a mortgage on the same land and records the mortgage on April 4. Hayley then records her mortgage on April 8. Discuss the proceedings in case David is unable to pay either of the lenders.
What will be an ideal response?