Why do most states ban STOLI transactions?
A) Because the investor is not a domestic insurer
B) Because they are not a profitable line of business for insurance companies
C) Because the premiums on the policies are too high
D) Because the investor, who is named as the beneficiary, does not have an insurable interest in the insured"
Ans: D) Because the investor, who is named as the beneficiary, does not have an insurable interest in the insured"
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A series of creative improvements in the sales process that enhance the customer experience is known as:
A) relationship modeling B) customer-oriented sales C) value-added selling D) transactional selling E) managing relationships
Debenture bonds are
A) bonds secured by specific assets of the issuing corporation B) bonds that have a single maturity date C) issued only by the federal government D) issued on the general credit of the corporation and do not pledge specific assets as collateral.
Bachrodt Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools--Processing, Supervising, and Other. The costs in those activity cost pools appear below: Processing$21,600Supervising$3,700Other$10,700Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below MHs (Processing)Batches (Supervising)Product Y73,700400Product V06,300600Total10,0001,000Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. Product Y7Product V0?Sales
(total)$102,200$78,900?Direct materials (total)$40,800$39,100?Direct labor (total)$47,200$22,300?What is the product margin for Product Y7 under activity-based costing? A. $6,208 B. $14,200 C. $4,728 D. -$3,800
What kinds of goods are termed as future goods?
A) goods that exist but are to be sold at a future date B) goods that are not yet in existence C) goods that can be sold partly in the present and partly at a later date D) goods that exist without a title