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Andreyy89
4 years ago
12

Kiara filled out a life insurance application and was given a policy illustration that showed future premiums being paid out of

nonguaranteed values. This illustration must disclose that
Business
1 answer:
maria [59]4 years ago
7 0

Answer: The illustration must show that the policy owner (Kiara)<em> </em><em>may need to resume paying the premium payments depending on actual results. </em>

The policy owner will need to determine if this is the right policy for her and her family. The illustration should be truthful about how the policy will perform for the buyers lifetime. The illustration should also show the financial projections for each year so the buyer can determine if the plan fits their budget.

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Assume Baldwin Corp. is downsizing the size of their workforce by 15% (to the nearest person) next year from various strategic i
Assoli18 [71]

Answer:

The company will have to pay $5,100 per employee in separation costs if these exit interviews are implemented next year

Explanation:

Data provided in the question:

Percentage downsize in the workforce = 15% = 0.15

Cost of exit interviews = $100

Normal separation cost = $5,000

Now,

Total separation cost per employee = Cost of exit interviews + Normal separation cost

= $100 + $5,000

= $5,100

Therefore,

The company will have to pay $5,100 per employee in separation costs if these exit interviews are implemented next year

3 0
3 years ago
Cities are municipal corporations that operate under _______ from the state.
Soloha48 [4]
Cities are municipal corporations that operate under C. Charters from the state.
3 0
3 years ago
Read 2 more answers
A beneficiary acquired stock from a decedent. The stock's fair market value at the date of the decedent's death was $500,000. Th
Ivanshal [37]

Answer:

Beneficiary recognized gain is $510000.

Explanation:

The amount paid by the decedent for the stock = $280000

The market value of the stock at the time of death = $500000

The selling price or the amount received by the beneficiary by the sell of stock = $510000

Since the recognized gain is calculated by subtracting the amount paid by the person to buy the stock from the amount that he receives from the sale of stock. But in this case, the beneficiary pays zero for the stock but gets all the money after selling.

Beneficiary recognized gain = amount received from the sell – the amount paid by the beneficiary.

= $510000 – 0

= $510000

7 0
3 years ago
What is the purpose of file extensions?
ELEN [110]
File extensions are a way of labelling the names of files so you and your computer can keep track of what they contain. File extensions are a way of letting the user and their computer know what type of program created any given file.
5 0
3 years ago
Read 2 more answers
Iona wrote her will. The following year, she wrote another will that expressly revoked the earlier will.Later, while cleaning ho
snow_lady [41]

Answer and Explanation:

In the given case, the second will would be destroyed non-intentionally by the testatrix that represent the person who writes the will. Also the second will would have be intended to revoke the first will

In addition to this, Testatrix intends the second will to be value also at the same time she dont want the first will to be probated

So the second will would be upheld because of testamentary motive.

4 0
3 years ago
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