An Econodeath Insurance Company actuary calculated the present value of the expected death claim the company will pay if it sells whole life insurance to a 30-year-old woman. This value is called the
A) net level premium.
B) gross premium.
C) net single premium.
D) life insurance policy reserve.
Answer: C
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When unearned revenue is finally earned, a revenue account is debited to reflect the amount of the revenue earned
a. True b. False Indicate whether the statement is true or false
A retailer is deciding how many units of a certain product to stock. The historical probability distribution of sales for this product is 0 units, 0.2; 1 unit, 0.3; 2 units, 0.4, and 3 units, 0.1. The product costs $8 per unit and sells for $25 per unit. What is the conditional value for the decision alternative "Stock 3" and state of nature "Sell 1"?
a. 1.4 units b. $1 profit c. $25 profit d. $-8 profit e. $23.80 profit
Two corporations are considered to be brother-sister corporations for purposes of the Sec. 304 redemption rules if one shareholder owns more than 50% of each corporation.
Answer the following statement true (T) or false (F)
The Federal Labor Relations Act may also seek injunctions, restraining orders, or contempt citations in the federal courts against the:? A) ?federal employers
B) independent contractors.? C) striking unions.? D) state employers.