Life insurance proceeds are usually controlled by:
A. the provisions of a will.
B. the right of survivorship.
C. testamentary capacity.
D. the insured's designation of beneficiaries.
Answer: D
You might also like to view...
________ is the process by which organizations adjust the supply of their services in an attempt to match demand
A) Disintermediation B) Capacity management C) Total quality management D) Just-in-time management E) Augmented service management
Answer the following statements true (T) or false (F)
1. In most unions, the first person contacted when a grievance arises in the workplace is the union steward. 2. In the U.S., local union leadership is usually appointed by the regional or national president. 3. National unions usually have final authority over local union actions such as negotiating, organizing, and striking. 4. Though national unions are available to provide research assistance, the majority of union organizing, training, lobbying, and supervision of collective bargaining is done by the local unions. 5. A union constitution is a document that spells out election procedures, by-laws, and other procedures for each national union.
[The following information applies to the questions displayed below.] Nelson Company experienced the following transactions during Year 1, its first year in operation. Acquired $12,000 cash by issuing common stock Provided $4,600 of services on account Paid $3,200 cash for operating expenses Collected $3,800 of cash from customers in partial settlement of its accounts receivable Paid a $200 cash dividend to stockholders What is the amount of net cash flows from operating activities that will be reported on the Year 1 statement of cash flows?
A. $600 B. $1,400 C. $1,200 D. $400
[The following information applies to the questions displayed below.]Packard Company engaged in the following transactions during Year 1, its first year of operations: (Assume all transactions are cash transactions.)1) Acquired $950 cash from the issue of common stock. 2) Borrowed $420 from a bank. 3) Earned $650 of revenues. 4) Paid expenses of $250. 5) Paid a $50 dividend. During Year 2, Packard engaged in the following transactions: (Assume all transactions are cash transactions.)1) Issued an additional $325 of common stock. 2) Repaid $220 of its debt to the bank. 3) Earned revenues of $750. 4) Incurred expenses of $360. 5) Paid dividends of $100. What is the net cash inflow from operating activities that will be reported on Packard's statement of cash flows for Year 1?
A. $400 B. $350 C. $820 D. $650