Lois takes out a life insurance policy with Mega Insurance Corporation that names her son, Nero, as the beneficiary. This is

A. a delegation.
B. an assignment.
C. a third party incidental beneficiary contract.
D. a third party intended beneficiary contract.


Answer: D

Business

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A) function B) product C) benefit D) process E) structure

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What does AIDA stand for, when referring to persuasive messages?

A) Action, interest, demand, attention B) Attention, interest, desire, action C) Attention, interpersonal, demand, action D) Action, interest, desire, attention E) Action, interpersonal, demand, attention

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The accounting for warranties resembles the allowance method for uncollectible accounts receivable

Indicate whether the statement is true or false

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On January 1, 2017, Zade Manufacturing Corporation purchased a machine for $40,900,000. Zade's management expects to use the machine for 27,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $47,000. The machine was used for 3,900 hours in 2017 and 5,400 hours in 2018. What is the depreciation expense for 2017 if the corporation uses the units-of-production method of depreciation? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)

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