Which of the following is a characteristic of a longevity annuity (longevity insurance)?
A) payment of the face value of the policy at age 100
B) forfeiture of the purchase price if the annuitant dies during the deferral period
C) cash value can be borrowed or recouped through a nonforfeiture option
D) high-cost annuity compared to other life annuities
Answer: B
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A bond issue of $50,000 with a carrying value of $49,000 is converted into $10 par value common stock at the rate of fifty shares for each $1,000 bond. The entry to record the conversion of bonds would be:
a. Bonds Payable 50,000 Loss on Retirement of Bonds 1,000 Unamortized Bond Discount 1,000 Common Stock 50,000 b. Bonds Payable 50,000 Common Stock 25,000 Additional Paid-In Capital 25,000 c. Bonds Payable 50,000 Common Stock 25,000 Additional Paid-In Capital 24,000 Unamortized Bond Discount 1,000 d. Bonds Payable 49,000 Unamortized Bond Discount 1,000 Common Stock 25,000 Additional Paid-In Capital 25,000
The Jay Group hires better employees than its competition by conducting effective searches and multi-tiered interviews. The company also provides high quality training to its employees, an aspect often neglected by competitors
The Jay Group is most likely to gain a strong competitive advantage through which type of differentiation? A) image differentiation B) people differentiation C) services differentiation D) product differentiation E) channel differentiation
A(n) ________ uses symbols to analyze the movement of people or material
Fill in the blanks with correct word
The obligation of a company's directors to manage the corporation for the best interest of the __________ is recognized as the primary obligation of directors of a corporation
a. corporation b. officers c. employees d. community