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dangina [55]
3 years ago
13

When a policyowner cash surrenders a Universal Life insurance policy in it's early years, this may be considered a red flag for

Business
1 answer:
alexira [117]3 years ago
3 0
When a policy owner<span> cash surrenders a Universal Life insurance policy in </span>its<span> early years, this may be considered a red flag for the government. The pre – death distribution of an insurance policy is taxable. Therefore, when an owner surrenders his life insurance in its early years, he is trying to avoid the possible taxes.</span>
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A cost object is anything for which management desires a separate tracking of costs, while a cost driver is the factor that caus
blondinia [14]

Answer:

The correct answer is True.

Explanation:

This statement, a cost object is anything for which management desires a separate tracking of costs, while a cost driver is the factor that causes the cost object to increase or decrease, is correct.

These terms are mostly used in activity based costing (ABC) system.

Examples of Cost Object are material procurement costs, quality control costs, materal handling costs, line set up costs e.t.c.

Example of Cost drivers are number of purchase orders, number of inspections, numbers of set-ups e.t.c.

6 0
3 years ago
If you put $700 in a savings account with a 10% nominal rate of interest compounded monthly, what will the investment be worth i
aksik [14]
<span>To find the compound interest of an investment you have to use this formula, A = P(1 + r/n)^nt, where A is the total amount you have after the investment period, P is the amount you invest or the amount you put in, r is the rate of the of the compound interest in this case 10%, n is the amount of time the interest will be compounded for example, 4 months a year(quarterly) or 6 months a year(semi annually), and t is the amount of time you invest in years. So in this case you are going to substitute everything in the formula with their given value. So P = $700, r = 10%, n = 21 (because it is the number of months we invest for), and t = 2 years (because 21 months fit perfectly in 2 years, and t must always be in years). The resulting formula will be A = $700(1 + 0.1/21)^(21 x 2), which will give you an answer of $855 rounded to the nearest dollar.</span>
8 0
3 years ago
A written representation from a client’s management that, among other matters, acknowledges responsibility for the fair presenta
7nadin3 [17]

Answer:

The answer is Chief Executive Officer and and the Chief Financial Officer

Explanation:

As part of the requirements for audit process, the external auditor will obtain from the management a written representation for the financial statements being presented to the external auditor. The management is responsible for the preparation of Financial statement and the external auditor expresses their opinions on it.

To show accountability, The Chief Executive Officer and the Chief Financial Officer both sign on it.

6 0
3 years ago
right-to-work laws stipulate that a person cannot be denied employment because of membership or nonmembership in a labor union o
LekaFEV [45]

It is true that right-to-work laws stipulate that a person cannot be denied employment because of membership or non-membership in a labor union or other labor organization.

The concept of the right to work is that people have a human right to work or engage in productive employment and should not be denied that right. The right to work is recognized in international human rights law through its inclusion in the International Covenant on Economic, Social, and Cultural Rights, where the right to work emphasizes economic, social, and cultural development.

The right to work was also enshrined as a fundamental right of citizens in the Soviet Union's constitution. The Human Rights Measurement Initiative assesses countries' right to work based on their level of income.

Learn more about right to work here:

brainly.com/question/14711960

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8 0
1 year ago
When the plan to advertise in developing countries on the sides of buses fell through because of legal barriers, Mya brought her
Annette [7]

Mya is a manager who practices <u>intellectual stimulation</u> with her employees.

<h3>What is intellectual stimulation?</h3>

Intellectual stimulation can be defined as a form of leadership style in which a manager (leader) encourages innovation and creativity among his or her subordinates (employees), as well as critical thinking and problem-solving skills.

In this context, we can infer and logically deduce that Mya is a manager who practices <u>intellectual stimulation</u> with her employees because she gave them full authority to solve the advertising problem and implement the solution.

Read more on intellectual stimulation here: brainly.com/question/14568042

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7 0
2 years ago
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