You can avoid current taxes on a withdrawal of cash value if
A)
you are over age 59 1/2.
B)
you are under age 59 1/2.
C)
you switch your investment earnings into another policy and fill out an 1035 exchange form.
D)
you assign the proceeds to a nonrevocable trust.
C
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Greenlaw Products uses job order costing and applies overhead to products using direct labor hours. Greenlaw has determined that their predetermined overhead is $4.00 per direct labor hour when an estimated 200,000 direct labor hours are incurred
During 2011 Greenlaw actually incurred a total of 215,000 direct labor hours and actual overhead costs ended up being $900,000. Greenlaw has no ending work-in-process or finished goods inventories. Required: A. What were Greenlaw's estimated total overhead costs for the year? B. By how much was overhead over- or underapplied? C. Assuming that cost of goods sold was $3,000,000 prior to the adjustment for over- or underapplied overhead, what will be the cost of goods sold amount after the year-end adjustment?
The general requirements for a liquidated damages clause to be enforceable are that:
A) The liquidated damages clause applies only to unforeseeable damages. B) Actual damages are difficult to determine and the liquidated damages amount is reasonable. C) The parties have rescinded the contract. D) The breaching party used its best efforts to avoid a breach of the contract. E) Actual damages exceed the amount foreseen by the parties.
Escalation of commitment refers to ________.
A. commitment to a faulty decision due to an unwillingness to go against the opinion of the majority B. an increased commitment to a previous decision despite evidence that it may have been wrong C. the strengthening of commitment to a particular course of action due to greater motivation by others D. greater commitment to a decision because of one's belief that it is "the right thing to do"
________ are reluctant to change, but they generally decide to change so they do not miss out on the next big thing
a. Middle Adopters b. Early Adopters c. Late Adopters d. Laggards