Answer:
B
Explanation:
- The Semiannually total interest Payable will be calculate as
30*2 = 60 Semiannual Times Payments
- Interest Payments
$9,000,000*8%/2=$360,000
- So the Total payments will be paid semiannually 60 times $360,000 with the principle amount $9,000,000
Answer:
The statement which is not true about life insurance companies is:
B. They invest heavily in short-term highly marketable securities.
Explanation:
- The option A is true about the life insurance companies as they sell contracts that offer financial protection against premature death and against living too long as this the main purpose of a life insurance policy.
- These companies don't invest heavily in short-term highly marketable securities so the option B is not true about these companies.
- The option C is true about the insurance companies as they have prediction about their inflows and outflows.
- The option D is also correct as their liabilities are long-term in nature as the insurance policy is a long term policy.
1) The most permanent type of business organization is a Corporation.
It<span> is a company or group of people or an organisation authorized to act as
a single entity (legally a person) and recognized as such in law.
</span><span>2) Quasi-contracts are based on the theory of Equity. </span><span>A quasi-contract is a
fictional contract that was created by courts to promote equitable
treatment. It is not an actual, legally-binding document, but instead a legal
substitute for a contract that is formed to impose equity between two
distinct parties.
3) </span>The object of the contract must be lawful.. T<span>he </span>object<span> of a </span>contract must
be lawful<span> when the </span>contract<span> is made, and possible and ascertainable by
the time the </span>contract is to<span> be performed.</span>
A foreign corporation:
a. does business in one or more states, but is chartered in another state.
