At what point does whole life insurance pay the death benefit?
A) When the insured turns 100 years old
B) When the maximum stated age is reached by the insured
C) Upon due proof of death of the insured
D) When the cash value equals the death benefit
E) Either A, B, or C above
Answer: E
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The following is summary of information presented on the financial statements of a company on December 31, 2017 Account 2017 2016 Current Assets $68,000 $51,000 Accounts Receivable 83,000 78,000 Merchandise Inventory 52,000 45,000 Current Liabilities 77,000 53,000 Long-term Liabilities 34,000 51,000 Common Stock 51,000 42,000 Retained Earnings 41,000 28,000 Net Sales Revenue $526,000 $504,000 Cost of Goods Sold 400,000 398,000 Gross Profit $126,000 $106,000 Selling Expenses 50,000 51,000 Net Income Before Income Tax Expense $76,000 $55,000 Income Tax Expense 30,000 $16,900 Net Income $46,000 $38,100 With respect to current liabilities, a horizontal analysis reveals ________.
A) that current liabilities are 37.93% of total equity B) a 45.28% increase in current liabilities C) a current ratio of 0.88 D) a 31.17% increase in current liabilities
Inherent powers are: I. Powers that the president derives from the U.S. Constitution. II. Used by the president to conduct foreign affairs
A) I only. B) II only. C) Both I and II. D) Neither I nor II.
As a result of economies of scale, large advertisers
A. have higher average costs of production. B. accrue the disadvantages of advertising several products jointly. C. get lower advertising rates than smaller advertisers. D. are likely to enjoy more favorable advertising time and space than smaller advertisers. E. must spend more money on advertising to realize a better return.
Why might an emotional argument outweigh the practical discussions about the economy?
What will be an ideal response?