Answer: Most policies have a nonforfeiture benefit to refund a portion of a policy's cash value when coverage stops.
Explanation:
Term insurance is a type of life insurance policy whereby the policy owner will be given coverage for a particular time period.
It should be noted that term insurance can be renewed for additional periods without evidence of insurability and can also be converted to a permanent life insurance policy.
The option that most policies have a nonforfeiture benefit to refund a portion of a policy's cash value when coverage stops is not true.
Answer:
These are the options for the question:
A. They should be more willing to tear down the $5 million stadium, because it cost less to build.
B. They should be more willing to tear down the $50 million stadium, because it cost more to build.
C. The cost to build the old stadium shouldn’t be considered.
And this is the correct answer:
A. They should be more willing to tear down the $5 million stadium, because it cost less to build.
Explanation:
City A will likely be more willing to tear down its old stadium because it costed $5 million to build. City B, on the other hand, will have to think twice because a stadium that costed $50 billion to build could have more value than it seems, or the City could simply not have enough money to build a better new stadium (something that would probably cost more than $50 billion to do).
Answer:
Tyler pays its employees $400 for work done.
Explanation:
An accounting transaction is <u>a financial event that has occurred already</u> and can be recorded in an organization's financial statement.
In this case,<em> the statement "Tyler pays its employees $400 for work done" is an example of a financial transaction because it has already occurred.</em>
