1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SCORPION-xisa [38]
3 years ago
14

Liam was the beneficiary of a life insurance policy on his wife. Liam had paid $20,000 in premiums on the policy. Be collected $

50,000 on the policy when his wife died from a terminal illness. Because it took several months to process the claim, the insurance company paid Liam $52,000, the face amount of the policy plus $2,000 interest. Liam is not required to recognize any income from the above transactions.
a. Trueb. False
Business
1 answer:
Lesechka [4]3 years ago
7 0

Answer:

B. FALSE

Explanation:

You might be interested in
Smaller bags of items are generally priced lower per unit than larger bags.
Pepsi [2]
<span>B. FALSE yes
Hi
GOOD BYE

</span>
3 0
3 years ago
Suppose you buy a home and borrow $176,000 using a 30 year mortgage with an annual interest rate of 3.20% (compounded monthly).
kipiarov [429]

Answer:

Explanation:

Rate of interest =  3.2 / 12 = .266667

No of terms = 12 x 30 = 360

amount = 176000

PMT = $ 761.14

Now the instalment is increased by 10% so

the instalment becomes = 761.14 + 76.11

= #837.25

No of years required from table

= 25.74 years.

5 0
3 years ago
The existence of a ________ means that the interest rate on a two-year bond will exceed the average interest rate on two success
krok68 [10]
The answer is risk-premium
7 0
3 years ago
Is a term used to describe when an officer actively demands payment from an individual or a business in return for certain servi
Elena-2011 [213]
The answer is a payoff or A.

8 0
3 years ago
True or False? The United States does not have publicly financed health insurance specifically for the unemployed.
iren [92.7K]

Answer:

True

Explanation:

The United States has no single nationwide system of health insurance.

In the event that an employed worker's spouse loses his/her job to lay-off, the insurance premium financed by the active worker for this family coverage should provide basic health benefits to unemployed workers and their dependents because government does not provide for such category of active group except for senior citizens.

Health insurance is purchased in the private marketplace or provided by the government to certain groups. Private health insurance can be purchased from various organizations such as profit commercial insurance companies or from non – profit insurers.

3 0
3 years ago
Other questions:
  • When retailers accumulate merchandise from producers in large amounts and sell to consumers in smaller amounts it is considered
    9·1 answer
  • Libre, Inc. has experienced bad debt losses of 5% of credit sales in prior periods. At the end of the year, the balance of Accou
    15·1 answer
  • True or false: market capitalization is equal to # of shares outstanding times earnings per share.
    13·1 answer
  • Any company claiming compliance with GAAP must comply with most standards and interpretations but does not have to follow the di
    7·1 answer
  • In its third year, a project is expected to generate earnings before interest, taxes, depreciation, and amortization of $283,104
    10·1 answer
  • Bed &amp; Bath, a retailing company, has two departments, Hardware and Linens. The company’s most recent monthly contribution fo
    13·1 answer
  • Being able to identify an industry to use for benchmarking your​firm's results with similar companies is frequently not easy. Ch
    8·1 answer
  • Two methods are used to predict how many customers will call in for help in the next four days. The first method predicts the nu
    9·1 answer
  • Journalize the entries for the following transactions. Refer to the Chart of Accounts for exact wording of account titles. (Note
    10·1 answer
  • Last year Rennie Industries had sales of $395,000, assets of $175,000 (which equals total invested capital), a profit margin of
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!