The period during which the insured is making annuity payments to the insurer is the:
A) retirement period
B) deferral period
C) accumulation period
D) liquidation period
C
You might also like to view...
When estimating a population percentage all you need is:
A) the formula and the level of confidence B) the formula, percentage from the sample (p), sample size (n), and you must know the level of confidence needed C) the formula, the population parameter, p, M, and the alpha level D) the Roman estimator and the confidence statistic, z E) a crystal ball; you can't estimate a population percentage using statistical analysis
Which of the following circumstances would be a valid reason to estimate the amount of inventory that is on hand at the end of the period?
A. To test for financial statement manipulation B. To avoid taking a physical count of inventory C. To complete the company's annual income tax return D. All of the answer choices are valid reasons for estimating the ending inventory.
The four steps to determining the price of a bond are:
A) determine the amount and timing of the present cash flows, determine the appropriate discount rate, find the present value of the lump-sum principal and the annuity stream of coupons, and add the PVs of the principal and coupons. B) determine the amount and timing of the future cash flows, determine the appropriate discount rate, find the future value of the lump-sum principal and the annuity stream of coupons, and add the FVs of the principal and coupons. C) determine the amount and timing of the future cash flows, determine the appropriate discount rate, find the present value of the lump-sum principal and the annuity stream of coupons, and multiply the PVs of the principal and coupons. D) determine the amount and timing of the future cash flows, determine the appropriate discount rate, find the present value of the lump-sum principal and the annuity stream of coupons, and add the PVs of the principal and coupons.
A business corporation can be incorporated under either state law or federal law
Indicate whether the statement is true or false