An insured 25 year old purchased a $15,00 . straight-life policy and a $5,000 . 20-payment life policy. Fifteen years later she needed to borrow $2,500 on one of her policies. Determine which policy had a loan value in excess of $2,500
Straight life
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The top executives of Granite Financial have established processes to review the company's financial dealings and communications with customers to make sure everything is legal and honest yet remain focused on profits. These processes are part of the company's
A. ethical climate. B. legal responsibility. C. corporate social responsibility. D. ecocentric management. E. moral obligation.
Which of the following procedures is not appropriate for examining or reviewing pro forma financial information?
a. Obtaining less evidence in an examination engagement than in a review engagement. b. Obtaining an understanding of the underlying transaction or event. c. Discussing management's assumptions regarding the effects of the transaction or event. d. Evaluating whether pro forma adjustments are completely recorded.
Alpine Productions uses a standard cost system for recording transactions. Alpine reported the following data for the year ended December 31:
Sales revenues: $800,000
Cost of goods sold (standard costing): $382,000
Selling & administrative expenses: $105,000
What is the net operating income on a standard cost income statement?
A) $312,665
B) $316,765
C) $421,765
D) $313,000
What year did you graduate from high school?
A) proper noun B) common noun C) adjective D) adverb