6 Months can be a life insurance policy normally be backdated from the date of the application.
For Example:- Suppose, he/she purchased a policy with maturity duration of 20 years in March 2022 and backdated it to October 2021, the maturity benefits of the endowment policy can be reaped a year before in October 2041 than the initial date in March 2042.
#SPJ4
Answer:
The payment made by Cordelia
Explanation:
In the scenario it stated clearly that Rupert filled out what would have been a normal application form for operational license in the country
However Cordelia using connections was able to schedule a meeting with the government official that <u>has the authority to determine which foreign companies get licenses, and pays him $200 to approve their license.</u>
Cordelia payment is nothing short of bribery and corruption because it is not a legally required payment and the motive was clearly to unduly influence the minister to approve their license.
Such payment will likely violate the foreign corrupt practices act
Based on the information given, it should be noted that all proceeds are income tax free in the year that they're received.
<h3>
What is tax?</h3>
A tax simply means a compulsory levy that's paid by the people or companies to the government. It's important to achieve economic development.
For federal tax purposes regarding lump-sum life insurance benefits, it should be noted that all proceeds are income tax free in the year that they're received.
Learn more about tax on:
brainly.com/question/9437038
Answer:
B. 26,000, 24,000.
Explanation:
Stock Company
Equivalent units
Particulars Units % of Completion Equivalent Units
Mat. Conversion Mat. Conversion
Transferred Out 23000 100 100 23000 23000
<u>Ending WIP 3000 100 331/3% 3000 999.9= 1000</u>
<u>Total Equivalent units 26000 24000</u>
<u />
The Equivalent units can be calculated either by adding the units transferred out and ending WIP or by adding beginning WIP and units started.
Equivalent units for materials 26000
and Equivalent units for conversion are: 24000
Answer and Explanation:
The computation is shown below:-
Particulars Cumulative Non Cumulative
Preferred dividends for 2018 $10,000 $10,000
Preferred dividend in
arrears for 2017 $10,000 $0
Remaining Dividends to
Common stockholders $2,000 $12,000
Total Dividends $22,000 $22,000
Dividend payable to Preferred stockholders per year = (Number of shares × Par value) × Given percentage
= (2,000 × $100) × 5%
= $10,000
