Answer:
Policy loans are permitted on an interest-free basis.
Explanation:
The universal life insurance policy refers to a policy in which there is a component of an investment saving also it involves less premium that the person has to pay a low premium amount for continuing the policy. It could benefit the beneficiary after the death of the insured person
So according to the given situation ,for option B there is no flexibility available as no policy loans could be permitted without an interest
Answer:
d.revenues
Explanation:
Revenue is the sales made to customers. This is usually accounted for as a credit in the income statement and is closed at the end of the period into the retained earnings section of the stockholder's equity.
Hence, the increases in stockholders' equity attributable to selling services or products to customers are called revenue.
Answer: A. a credible threat that if entry occurs the firm is willing to produce more than they would otherwise.
Explanation:
Deterring entry simply means the action that are used by firms in order to.pteevwnt other firms of competitors from entering the market or not being able to compete.
Therefore, the ability to deter entry requires a credible threat that if entry occurs the firm is willing to produce more than they would otherwise.
Answer:
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The following are the three categories from my budget where I spend lot of money:
i) Housing
ii) Transportation
iii) Living Expenses
<u>Explanation</u>:
Budget means preparing an estimation of expense list for specific period of time based on the income. Framing a budget can help in saving money. The budget sheet helps to decide on what to spend and how much to spend for a month.
Even though we make budget, there are some categories which consume huge amount. Some of them are housing, transportation, living expenses, debt payoff and savings.
The rent of the house depends on the area of living. It is important to choose the house with rent of 35% or less of the take home income of an individual.
