Cal purchased a whole life policy 6 years ago. The policy requires annual premium payments
Cal forgot to pay the premium that was due 2 weeks ago. He wonders if his life insurance is still in force. Which life insurance policy provision is designed to keep the policy in force for a short time even if the premium payment is late?
A) waiting period
B) grace period
C) guaranteed purchase option
D) reinstatement clause
Answer: B
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Current assets, fixed assets, and liabilities are all part of an organization's
A. cash flow statement. B. capital expenditures budget. C. income statement. D. expense budget. E. balance sheet.
What are the major value-creating activities performed by retailers?
What will be an ideal response?
Clyde realizes that to improve sales he needs to fully understand the services and value offered by E-Z Clean and other laundromats in the area. Which of the following would be the LEAST useful resource for Clyde?
A) competitors' Websites B) competitors' press releases C) appliance brands used by the competition D) marketing materials used by the competition E) pricing and service structures of the competition
On January 1, 2017, Ahrens Services issued $169,000 of six-year, 12% bonds when the market interest rate was 11%
The bonds were issued for $172,000. Ahrens uses the effective-interest method to amortize the bond premium. Semiannual interest payments are made on June 30 and December 31 of each year. Which of the following is the correct journal entry to record the first interest payment? (Round your answers to the nearest dollar number.) A) Interest Expense 9,295 Cash 9,295 B) Interest Expense 9,295 Discount on Bonds Payable 845 Cash 10,140 C) Interest Expense 9,460 Premium on Bonds Payable 680 Cash 10,140 D) Cash 10,140 Premium on Bonds Payable 845 Interest Expense 9,295