<span>This type of policy will change living benefits to taxable
as ordinary income, in contrast to non-taxable living benefits that are found
in life insurance.
A modified endowment contract</span> (MEC) refers to a
tax requirement of a life insurance policy where the policy has been financed
with more money than the money which is accepted under federal laws.
Answer:
Yes, Ryan Frazier is behaving in a professional manner.
Explanation:
Yes, Ryan Frazier is behaving in a ethical and professional manner because the company is following FOB point method when shipping goods it customers due to the fact that Ryan Frazier, controller of Anstead Co., has suggested that all orders received before the end of the fiscal year be shipped by midnight as the company follows merchandise FOB shipping points the company should go ahead and record the sales in the current year Octocber 31st due to the fact that FOB shipping point means that the buyer pays all cost incurred for the delivery of the goods once the goods has left the suppliers warehouse which makes the buyer to becomes the owner of the goods in transit when the goods are been shipped by the seller.
Answer:
$340,000
Explanation:
Revenue target for September is $30,000 larger than its revenue target for June, since there are 3 months between June and September, its revenue target grew by $10,000 each month (= $30,000 / 3).
If the company's revenue target is $310,000 for December, and it continues to grow at the same rate, t will be $320,000 for January, $330,000 for February and finally $340,000 for March.
Answer:
330 units are the economic order quantity
Explanation:
Here
Annual Demand = D = 11,700 Units
Ordering cost per purchase order = S = $44.25
Holding cost = H = $9.5
Economic order quantity = √(2SD/H)
Economic order quantity = √(2* $44.25 * 11,700 units/ $9.5 per unit per year)
Economic order quantity = 330 units
Answer:
The price will be $16.33.
Explanation:
In finance, a reverse stock split is a method where shares are merged to form a smaller number of proportionally more valuable shares. A reverse stock split is also called a stock merge.
If the reverse stock is 3-for-7, that means for every 7 shares an investor have, he will receive 3 shares with a proportional value.
So 3 shares will have the same value than 7 shares of $7 (this is $49). Finally, each share willhave a price of 49/3 = $16.33
