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A Life Settlement Broker is exclusively the representative of the __________ who seeks to sell his interest in the policy.

mote1985 [20]

Answer:

Policy owner

Explanation:

A Life Settlement Broker must be a practicing, experience and licensed Life agent who represents the owner and performs a fiduciary duty to the owner to act in accordance with the owner's best interest and instructions.

6 0

3 years ago

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Customer: your product is priced too high! salesperson: i understand you are concerned about the value of the product. this is a

shepuryov [24]

C. Restate the objection. Exchanging "price" for "value".

6 0

4 years ago

7.The matching principle requires that: A. revenues earned and expenses incurred in generating those revenues should be reported

dem82 [27]

Answer:

A. revenues earned and expenses incurred in generating those revenues should be reported in the same income statement.

Explanation:

A matching principle is an accounting concept which is typically used on accrual basis accounts and it states that expenses incurred by an individual or business entity should be recognized and matched in the same period with respect to the revenues they are related to.

The matching principle indicates when costs are recognized as expenses on the income statement.

For instance, company XYZ purchases a property worth $90,000 in June, it was then sold in July for $250,000. Based on the matching principle, the $90,000 cost shouldn't be recognized by company XYZ as an expense until July, when the related revenue would be recognized also. Else, if recognized, its expenses would be overstated by $90,000 in June, and consequently understated to the tune of $250,000 in July.

Hence, matching principle requires that revenues earned and expenses incurred in generating those revenues should be reported in the same income statement.

Additionally, the matching principle helps business owners to calculate their taxes and profits or losses properly.

5 0

3 years ago

At the beginning of the year, a firm has current assets of $328 and current liabilities of $232. At the end of the year, the cur

GarryVolchara [31]

Answer:

$125

Explanation:

Computation for the change in net working capital

Using this formula

Change in net working capital =( Ending Current asset- Ending Current liabilities) - (Beginning Current asset- Beginning Current liabilities)

Let plug in the formula

Change in net working capital =

($493 – $272) – ($328 – $232)

Change in net working capital = $221-$96

Change in net working capital =$125

Therefore the Change in net working capital will be $125

5 0

3 years ago

You are organizing an executive event for the company you work for. Write a letter to the person in charge of a venue that you a

babymother [125]

Answer:

Mi-Tech Information and Communication INC,

43 D-Drive, Michigan,

USA.

August 8th, 2020.

The Empire Event Center INC,

3 Boulevard avenue, Michigan,

Sir,

INFORMATION INQUIRY FOR HOSTING AN EVENT

As the communication officer of the above named company, I wish to bring to your notice about our aim of hosing our end of the business year party using your facility. This is based on the agreement reached by the management board.

Unfortunately, due to lack of detailed information and financial implication involved, I was asked to write to your company. The information I need from your company include:

1. The cost of the event Venue

2. The cost of catering of food for 200 people in the venue. Drinks and water would be inclusive.

3. The entertainment, would it be free when renting the event venue or it would attract extra charge?

4. The valet who would render services, what are their charges like or would the cost be catered by your company?

5. The proposed date for the party is 30th and 31st December. Hope your organization is not engaged by that time?

6. What other extra services is available and which your company offers for such events we are planning to host?

7. Is there any other extra cost which my company should be aware of if we are to use your facility?

I will need to relay back to the management board the above answers to questions which I asked above. I look forward to your response soonest.

Yours sincerely,

Adam Michael (Communication officer)

For: Mi-Tech Information and Communication INC.

Explanation:

8 0

4 years ago