Answer:
Correct Answer:
b. There is no time limit on when the policy may be reinstated.
Explanation:
In life insurance, which is an insurance against event in the life of the individual in question, it is expected that, the person will be paying his premium fee regularly.
<em>In a situation, there was a lapses, in-order to reinstate the life insurance policy, it must be reinstated within 1 year in-order to be valid.</em>
Answer:
The correct answer is B. $110,000.
Explanation:
Equity balance mean what a business owes to its owner. The amount invested by owner and net profit earned is part of it is part of equity. Dividend in case of company equals to drawing. It means that equity is net of any dividend payment made by the company.The detail calculation are given below.
Stockholders' equity opening balance $ 40,000
Year net income $ 90,000
Dividend paid ($ 20,000)
Stockholders' equity closing balance $ 110,000
Answer:
Present value = $45,185,606
Explanation:
Data:
number of periods(n) = 17 years
First-year profit = $5 million
Growth rate = 2%
Interest rate = 10%
Present value = ?
Solution:
The present value of the growing annuity can be calculated as follows
Formula:
Let's denote
annual interest rate = x
annual growth rate = y
Present value = First-year profit x
Present value = $5,000,000 x
Present value = $5,000,000 x 9.03
Present value = $45,185,606
Answer:
The correct answer is d.
Explanation:
This stage extends from birth to the acquisition of the individual's language. Children build step-by-step knowledge and understanding of the world by coordinating experiences (such as sight and hearing) related to physical interaction with objects (such as grabbing and stepping).
The development of the permanence of the object is one of the characteristic achievements of this stage. Object permanence is the child's understanding that objects continue to exist even though he or she cannot perceive them.
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