Buying the beneficiary position on a life insurance policy of someone who is dying is referred to as <u>Viatical Settlement</u>
Explanation:
- <u>Viatical settlement</u> refers to the sale of a life insurance policy by the owner to a third party for a amount which is more than its surrender value but less than its net death benefit.
- Viatical settlement provides the policy owner with a lump some amount of money.
- The <u>viatical settlement </u>is tax-free as per the Health Insurance Portability and Accountability Act (HIPAA) 1996
 
        
             
        
        
        
Answer:
(a) Barton's investment
Date   Account Titles and Explanation               Debit       Credit 
           Accounts receivables                              $44,900
           ($48,000 - $3,100)
           Equipment                                                 $90,000
                  Allowances for uncollectible                               $1,300
                  Barton Capital                                                       $133,600
            (To record Barton's contribution)
(b) Fallows' investment
Date   Account Titles and Explanation               Debit       Credit 
           Cash                                                           $28,700
           Merchandise Inventory                             $60,500
                   Fallow Capital                                                      $89,200
            (To record Fallow's contribution)
 
        
             
        
        
        
Answer:
If the first two steps are run at full capacity, then the third step has a waiting line.
Explanation:
 Waiting line is defined as a line of people or vehicles waiting for something. Hence, if the first two step runs in a full capacity been able to serve 25 customers per hour. Meaning for each hour 50 customers will be attended to by the two, then the third will surely be on a waiting line.
 
        
             
        
        
        
According to the scale, an average person would posses the mean of 100 IQ <span>and standard deviation of  15. If to be a member of mensa one should have </span><span>an iq at least 2.5 standard deviations above average, the minimum iq should be: 
</span>
2.5 = (x-100)/15
x = 137.5 >>>>> Less than 1% population belong to this IQ group or higher.
        
                    
             
        
        
        
Answer:
Total assets            $
Building                102,100
Motor vehicle       19,907
Furniture               <u>10.442</u>
Total assets          <u>132,449</u>
<u></u>
Total liabilities        $
Mortgage loan      58,347
Outstanding loan  2,567
Utility bills unpaid <u>242</u>
Total liabilities       <u> 61,156</u>
Debt ratio = Total liabilities   x 100
                      Total assets
Debt ratio = $61,156   x   100
                      $132,449
Debt ratio = 46.17%
Explanation:
In this case, there is need to calculate the total assets, which is the aggregate of building, motor vehicle and furniture.
We also need to calculate the total liabilities, which is the aggregate of mortgage loan, car loan outstanding and utility bills unpaid.
Debt ratio is obtained by dividing total liabilities by total assets multiplied by 100.