Which body determines the rules that are used in the united states for reporting accounting information and producing financial statements?

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Answer 1

The Financial Accounting Standards Board (FASB)  determines the rules that are used in the United States for reporting accounting information and producing financial statements.

What are financial statements?

A financial statement can be defined as a document with records of the monetary transaction or the non-monetary transactions of a business.

In order to encourage financials that help companies as well as other investment advisors with relevant data, the FASB establishes and sets financial reporting requirements through an open and welcoming mechanism.

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Related Questions

A registration statemtn has been filed for an upcoming ipo, as an investment banking reprsesentative you could send the client?

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As an investment banking agent, you might invite the client to a road show where the company's management would discuss business ideas and provide them the preliminary prospectus.

A Preliminary Prospectus is what?

A company files a preliminary prospectus, which is a first draft registration statement, before initiating an initial public offering (IPO) of its securities. The paper, which was submitted to the Securities and Exchange Commission (SEC), aims to enlighten potential shareholders on the operations, leadership, strategic plans, financials, and ownership structure of the company. The preliminary prospectus requests expressions of interest in the upcoming issue. The client may also receive an invitation to a road show along with the preliminary prospectus.

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If a company receives $11,400 from a client for services provided, the effect on the accounting equation would be:_________

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If a company acquires $11,400 from a client for assistance provided, the effect on the accounting equation would be: growth in assets and equity

What is an accounting equation?

The accounting equation displays that all assets of a company are financed from equity and liabilities, and total assets are identical as the sum of equity and liabilities

assets=equity+ liabilities

A receipt of $11,400 for assistance provided would impact assets, in that cash would rise, which means assets would increase by $11,400 also on the assumption that such services were provided for cash, the sales income which flows into equity would also improve.

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Mobile shoppers also use barcode scanning apps as a mobile search engine for locating product reviews and price comparisons while shopping in stores. this practice is called ________.

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While shopping in shops, mobile customers utilise barcode scanning applications as a mobile search engine to get product reviews and pricing comparisons. This method is known as Showrooming

Showrooming is the activity of looking at products at a physical store or other offline location and subsequently purchasing them online, sometimes at a lesser cost. Because they do not have the same overhead costs as brick and mortar establishments, online retailers frequently offer lower prices.What does showroom conduct entail?We suggest that showrooming behaviour, which involves a customer visiting a physical store to try things before placing an order at an online retailer, can assist to lessen the product, procedural, and psychological concerns related to making a straight online purchase (Rapp et al., 2015).

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Which hypothesis of mechanism of coral boring was supported by the investigation?

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The  hypothesis of mechanism of coral boring was supported by the investigation is Acid secretion.

What is Acid secretion?

Acid secretion serves as a mechanism that is been  initiated by food, however this could come from  taste of food effects vagal stimulation  which could occur from the gastrin-secreting G cells.

This can be found in the  distal one third (antrum) of the stomach, The  hypothesis of mechanism of coral boring was supported by the investigation is Acid secretion.

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____ can arise from the estimation process or the stability of the project team.

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Internal risks can arise from the estimation process or the stability of the project team.

What are Business risks?

A company's exposure to risk could ultimately result in decreased sales, revenues, and financial losses. Every day, businesses encounter risks related to doing business in the sector or industry in which they operate.

Although each element that hinders a corporation from operating efficiently or from accomplishing its financial objectives constitutes a business risk, it might be useful to classify them when creating a risk management strategy. No strategy can eliminate risk, but with careful planning, businesses may identify hazards and take the required action. External risks and internal risks in the business world are the two main categories.

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The company has sales of $10,000,000, total assets of $2,400,000, stockholders' equity of $2,000,000, and net income of $500,000. calculate the company's profit margin.

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The company's profit margin is 5.00%

What is profit margin of the company?

The profit margin of the company is net income as a percentage of its sales revenue, in other words, the portion of sales revenue that is achieved as profit for the company overall.

The profit margin is determined as the net income divided by the sales revenue, hence, the profit margin is as computed below:

company's profit margin=net income/sales

net income=$500,000

sales=$10,000,000

company's profit margin=$500,000/$10,000,000

company's profit margin=5.00%

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Explain why some buyers would think the equilibrium price of coat is too big and some sellers would think the equilibrium price is too low

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Some buyers would think the equilibrium price of coat is too big while some sellers would think the equilibrium price is too low because the quantity of goods that buyers are willing to buy does not balances the quantity of goods sellers are willing and able to sell.

What is an equilibrium price?

Basically, an equilibrium refers to the state in which market supply &  demand balance each other and because of this, the prices become stable. Also, the equilibrium price is where the supply of goods matches demand and when a major index experiences a period of consolidation or sideways momentum, it can be said that the forces of supply and demand are relatively equal and the market is in a state of equilibrium.

Therefore, in some cases buyers would think the equilibrium price of coat is too big while sellers would think the equilibrium price is too low because the quantity of goods that buyers are willing to buy does not balances the quantity of goods sellers are willing and able to sell.

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This lab is about charge transfer - yet in this lab we don't ever talk about the amount of charge we transfer. is there a way to reliably calculate or measure that?

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If you comprehend the doable distinction (V) in volts utilized in a circuit and the work (W) in joules achieved over the length which it is applied, the cost in coulombs, Q = W / V.

What are the methods of charge transfer?

Three approaches electrons can be transferred are conduction, friction, and polarization. In each case, the complete charge stays the same. This is the law of conservation of charge. Conduction takes place when there is direct contact between substances that differ in their capability to provide up or be given electrons.

Charge switch is the switch of electrons that occurs when an electron relocates from an atom or molecule to a unique such entity. For this, one object have free electrons or a tendency to lose electrons and the different objects must have an affinity for the electron. Charge transfer.

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A database admin uses a show statement to retrieve information about objects in a database. this information is contained in a _____.

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A show statement is used by a database administrator to get details about the items in a database. A data dictionary has this information.

facts factors applied or recorded in a database, facts device, or as a thing of a studies examine are given names, definitions, and houses in a data dictionary. A imperative store for metadata is known as a facts dictionary. records about facts is called metadata. Examples of information that might be found in a company's data dictionary include the names of all the databases that make up the organisation.

The shape and content material of records are categorised and communicated the use of a information dictionary, which also offers insightful descriptions for mainly distinct data objects.

The database control machine where the information dictionary is stored is accountable for this. therefore, on every occasion a database change is finished, the database control device without delay updates the facts dictionary. due to its self-updating nature, that is referred to as an energetic statistics dictionary.

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why are patience and perseverance necessary for success​

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Patience and perseverance and the focus that comes with it are essential disciplines of leadership. People with patience have an enormous competitive advantage over impatient people. Patient people solve problems faster, get better results, and experience significantly less stress.

Over 40 percent of member nations of the international monetary fund have?

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Answer:

What? Silly , silly American, supports silly Ukraine, Ukraine. Bad and poor country. With silly beautiful girls witches

A global environmental scan, marketing research, and judgments based on experience will determine the extent of ________ that global marketing programs will have.

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A global environmental scan, marketing research, and judgments based on experience will determine the extent of standardization or customization that global marketing programs will have.

This is further explained below.

What is standardization?

Generally, Standardization is the process of establishing and defining technical standards based on the agreement of several stakeholders including corporations, users, interest groups, standards bodies, and governments. Standardization may also be spelled as standardization.

In conclusion, The degree of uniformity or customization that will be included in global marketing programs will be determined by doing a global environmental scan, conducting marketing research, and making judgments based on previous experience.

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A medium containing known substances in precise amounts is known as a ________ media.

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A medium containing known substances in precise amounts is known as a defined media.

While differential medium is used to differentiate between different types of organisms, selective medium allows the growth of a specific type of microorganism. Because of this, selective media differ from differential media 30 to 300.

Selective medium typically favors the growth of a desired organism while inhibiting the growth of undesirable organisms or killing them off completely. Differential media makes use of the biochemical traits of the target organisms, frequently resulting in a noticeable shift when the target organisms are growing.

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President jackson removed enemies and gave supporters political jobs under the _______.

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The correct answer is spoils system.

The spoils system, also known as the patronage system, is a process where the political party that wins an election rewards its election campaign workers and other active supporters by appointing them to government jobs and providing them with other favors.

What is the spoils system of Andrew Jackson?

President Andrew Jackson, a Democrat, introduced the spoils system. "To the victor goes the spoils" meant that the party in power owned every government position.

Due to the spoils system, persons with political clout may hold influential positions in the government regardless of their degree of expertise or experience, which increased both the likelihood of corruption and the inefficiencies of the administration.

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The _______ ratio takes the sum of cash, short-term investments, and current receivables and divides the total by current liabilities. it helps determine immediate short-term debt-paying ability.

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The acid-test ratio divides the total by current liabilities after adding up cash, short-term investments, and current receivables. It aids in determining a person's capacity for quick-term debt repayment.

The acid test ratio is what?

The acid test, also known as the quick ratio, compares a company's most short-term assets to its most short-term liabilities in order to evaluate whether it has enough cash to pay its immediate obligations, such short-term debt.

Current assets that are difficult to dispose quickly, such inventory, are disregarded by the acid-test ratio.

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A ____ economic indicator tends to rise or fall a few months after business-cycle expansions and contractions

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A Lagging economic indicator tends to rise or fall a few months after business-cycle expansions and contractions.

What is a lagging economic indicator?

An observable or quantifiable quantity that varies some time after the economic, financial, or business variable with which it is connected changes is known as a lagging indicator. Trends and shifts in trends are confirmed by lagging indicators.

Lagging indications are helpful for determining the direction of the overall economy, for corporate operations and strategy, and as signals to purchase or sell assets on the financial markets.

A financial sign known as a trailing indicator appears after a significant shift has already occurred. Lagging indicators thus validate long-term trends but do not foretell them. This is important because a lot of leading indicators are frequently unstable, and short-term swings in them can hide turning moments or produce false signals.

Checking lagging indicators is one technique to determine whether an economic shift has truly taken place.

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Carlo receives a paycheck every other friday for the same amount. carlos receives ________.

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Carlo receives a paycheck every other Friday for the same amount. carlos receives Salary.

What is a Remuneration?

An employee's overall compensation is known as their remuneration. It covers not just the base income but also any bonuses, commissions, overtime pay, or other financial perks that an employee receives from their firm.

The compensation for employees may or may not include a perk from their job. Although they are benefits, an on-site gym and a generous vacation policy are not compensation for employees. Direct cash payments or taxable fringe perks, like the use of a working automobile for personal travel, are both acceptable forms of compensation.

Salary or wages are the most popular kind of compensation. Bonuses awarded for achievements, special occasions, or other factors may be added to these. A commission on an employee's sales or a proportion of the total amount sold is sometimes offered in sales positions. Some of these commissioned jobs come with basic pay, while others are commission-only jobs.

Thus, remuneration is a good motivator for employees.

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The tenth-century chinese scroll painting a solitary temple amid clearing peaks uses what method(s) to imply depth?

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The above  methods are used  to imply depth as :

An Alternating darker as well as lighter values.An increasingly softer textures that ranges from bottom to top.

What is Chinese scroll painting?

The Chinese scroll painting is known to be one of the widely used form or format of Chinese painting and it is one that entails the use of the handscroll.

It also consist the use of a continuous sheet/roll of paper or silk that can be of different length on which an image can be painted on and which, can be viewed or be rolled up.

Based on the above, we say that the above  methods are used  to imply depth as :

An Alternating darker as well as lighter values.An increasingly softer textures that ranges from bottom to top.

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Studying how a student allocates his/her time between school and video games is an example of?

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Studying how a student allocates his/her period between school and video games is an example of Microeconomics.

What is meant by Microeconomics?

Microeconomics is a subfield of traditional economics that examines how people and businesses behave when deciding how to distribute scarce resources and how these people and businesses interact. Microeconomics, as the prefix suggests, examines the economy on a small scale, such as the financial choices made by individual people.

Following are some illustrations of microeconomics: how a neighborhood business chooses to spend its money. how a city chooses to use an excess of government funds. The following are the top three ideas in microeconomics: Demand elasticity. marginal demand and utility. availability flexibility. Microeconomics is the study of how people, households, and businesses make decisions and distribute resources. It mainly pertains to markets for products and services and addresses both personal and financial concerns.

Hence,  Studying how a student allocates his/her period between school and video games is an example of Microeconomics.

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The degree of a relationship is the number of attributes that are associated with it.
a. true
b. false

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The statement that the degree of a relationship is the number of attributes that are associated with it is FALSE.

What is the degree of a relationship?

The degree of a relationship is a measure of how many occurrences in one entity that are considered linked to the amount of occurrences in another entity.

The degree of a relation is the number of attributes that are associated with the entity and not the degree of a relationship.

In conclusion, this statement is false.

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The scientific revolution established new methods of investigating the world, including?

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Including the testing of hypotheses

What are Testing Hypotheses?

In statistics, hypothesis testing is the process by which a population parameter assumption is put to the test. Depending on the type of data used and the goal of the research, the analyst will choose a certain approach.

Utilizing sample data, hypothesis testing is a method used to determine whether a hypothesis is tenable. Such information could originate from a bigger population or a data-generating process. In the following descriptions, "population" will be used to refer to both of these scenarios.

A statistical sample is tested by an analyst during hypothesis testing with the aim of demonstrating the plausibility of the null hypothesis.

By measuring and reviewing a representative sample of the population under study, statistical analysts can evaluate a theory. Every analyst employs a random population sample to test the null hypothesis and the alternative hypothesis.

A null hypothesis may declare, for instance, that the population means the return is equal to zero. The null hypothesis is typically an equality hypothesis for population parameters. A null hypothesis is effectively the opposite of the alternative hypothesis (e.g., the population means the return is not equal to zero). They cannot both be true because they are mutually exclusive.

Therefore, one of these two hypotheses will be true.

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The lender will charge a one-and-a-half-point origination fee and two loan discount points. what will be the total due for points on a $115,000 loan?

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Th total due will be $4,025

the required solution about  loan discount is mentioned below

(One percent of the loan amount is one point. 3.5% of $115,000, or $115,000 x.035 = $4,025, is three and a half points (one and a half and two).

How Do Origination Fees Work?

An advance charge made by a lender to process a fresh loan application is known as a mortgage origination cost. The charge is payment for carrying out the loan. In the United States, loan origination costs are typically between 0.5% and 1% of a mortgage loan. They are given as a percentage of the entire loan.

Origination fees, often known as "discount fees" or "points," are charges for services like processing, underwriting, and funding. This is especially true when they amount to 1% of the total amount borrowed.

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In the circular flow model, households sell resources to, and buy products from _______.

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In the circular flow model, households sell resources to, and buy products from Firms.

What happens in the Circular Flow Model?

The Circular Flow Model shows how firms in the market interact with households. It shows how households are able to sell resources such as capital and labor to firms.

Firms then use these to produce goods and services which are then sold as products to the households.

In conclusion, households buy products from firms in the Circular Flow Model .

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On payday, employers can designate their banks to electronically transfer funds from the business checking account to the employees' checking account. this represents an example of a(n)?

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On payday, employers can designate their banks to electronically transfer funds from the business checking account to the employees' checking account .This represents an example of a direct deposit.

What is direct deposit?

Direct deposit is the phrase used to describe the electronic deposit of money into a bank account as opposed to a physical, paper cheque. In order for deposits to be made between banks, direct deposit requires the usage of an electronic network.

The Automated Clearing House is the name given to this network (ACH). There is no need to wait for the money to clear because electronic cash transfers automatically credit recipients' accounts. Paycheckstax refunds, and other perks are frequently deposited using direct deposit.A secure and practical method of payment is direct deposit.

Through an electronic networkfunds are directly deposited into the account of the beneficiary. The recipient must give the person or company making the deposit the name of their bank, their account number, and the bank's routing number in order for the monies to be transferred from the payer. Alternately, they might give you a void check with the same details written on it.

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A jewelry company does not have social media or allow customers to share their jewelry online due to concerns of privacy for their designs. would the company continue to be successful?

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No, the jewelry company cannot continue to be that successful, as social media is part of our culture and allows interconnection.

Around 80% of the business executives think that it is very important to invest additional resources in social media marketing. As social media can make big brands feel welcoming and accessible.

Even small businesses, who are just starting can take benefit of social media to reach larger audiences while also engaging local, and loyal  customers and followers. So in order to be successful, a jewelry company should do social media marketing.

Hence, social media is great for promotion and marketing.

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Tanveer is tasked with obtaining detailed information about the jobs in his organization. he is performing a job ___.

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Tanveer is entrusted with gathering comprehensive information about the positions in his company. Tanveer is performing a job analysis.

The process of gaining knowledge of a process to study what responsibilities and obligations it involves, how important it's far in evaluation to other professions, what talents are required to accomplish the process, and the way the paintings is executed.

job analysts perform inside the HR division of organizations or corporations, doing research on professions and jobs with an emphasis on category schemes in that enterprise.

They concentrate on employee connections in addition to enterprise and occupational trends. overall performance appraisal forms can be created the usage of facts from a process evaluation.

A form that lists the activities or behaviors of the job and defines the desired performance stage for every might be an example of one based on a activity evaluation.

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Img world provides college students with new, relevant media, making which stage of the consumer buyer behavior process easier for the consumer?

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Img world provides college students with new, relevant media, making Information search stage of the consumer buyer behavior process easier for the consumer

consumer decision-making process

Consumer decision-making can appear complicated, but all buyers follow the same fundamental stages to choose the goods and services that will best meet their needs.

Whether purchasing something, especially when it's something substantial like a car, consider your own thought process. Before choosing what to buy, you take into account your needs, do some research, and weigh your possibilities. You frequently question your decision after the fact.

Put yourself in the customer's shoes and review the steps in the consumer decision-making process if you work in sales or marketing to maximize your influence.

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Pain management programs hospices and chd rehabilitation programs are examples of:_________

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Pain management programs hospices and CHD rehabilitation programs are examples of comprehensive intervention models. These models address a variety of healthy behaviours. Some chronic conditions, including Coronary Heart Disease (CHD), can have an impact on the patient's loved ones as well as their psychological, cognitive, emotional, and physical health.

Patients and those with low risk factors will benefit from the promotion of comprehensive intervention programs. They may help identify risk factors quickly enough to stop the illness, in my opinion. The program's only drawback is how much it costs. So that the selection of existing options is not the first choice for patients and those who look after them.

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In 500 words, describe three different financial decisions and their opportunity costs.

Answers

The three various financial choices and their associated opportunity costs consist of:

a) Sacrificing pleasure and opting for study rather than going out to clubs and parties.

b) Deciding against eating quick food since it requires more energy to prepare.

c) Opting for local clothing instead of imported items to save money and quality.

What is opportunity cost?

Opportunity cost is the term used to describe decisions that are taken at the price of another and typically involve aspects that are given up.

The value or advantage forfeited by engaging in a certain activity in comparison to engaging in a different activity is known as the opportunity cost in microeconomic theory. Simply defined, it implies that you lose out on the opportunity to engage in another activity if you pick one.

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c has a $100,000 traditional whole life insurance policy with a $30,000 cash surrender value. he applies for and receives a $10,000 policy loan from the insurer. all of the following about this transaction are true, except:

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All of the following about this transaction is true, except if C were disabled, his beneficiaries would receive $70,000, less any outstanding interest charges.

An insurance policyholder and an insurer or assurer enter into a contract for life insurance under which the insurer agrees to pay a predetermined beneficiary a certain amount of money in the event that the policyholder dies. Other occurrences, like critical illness or terminal illness, may also result in payment, depending on the terms of the contract. Benefits from life insurance policies may be used to assist with final expenses after your death. Funeral or cremation expenses, uninsured medical expenses, estate settlement costs, and other unpaid debts may fall under this category. Generally, you are only permitted to withdraw money from the policy up to the number of premiums already paid tax-free. Usually, you must pay taxes on any sum that exceeds the premiums you have already paid.

Note that the full question is:

C has a $100,000 traditional whole life insurance policy with a $30,000 cash surrender value. He applies for and receives a $10,000 policy loan from the insurer. All of the following about this transaction are true, except:

-the loan carries a fixed or variable interest rate

-if the policy is surrendered, C would receive $20,000 less any outstanding interest charges

-If C died, his beneficiaries would receive $90,000, less any outstanding interest charges

-If C were disabled, his beneficiaries would receive $70,000, less any outstanding interest charges

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An adult client has been diagnosed and the client's psychiatrist has prescribed amitriptyline 100 mg po daily. what education should the nurse provide about this drug regimen? Lipids give our food flavor, richness, and what feeling after a meal?1.satisfaction or fullness2.dissatisfaction and hunger3.anger or frustration4.nausea or sickness Which correctly describes the primary effect of a selective serotonin reuptake inhibitor (ssri) antidepressant drug? 4. Carbon dating would work best on which of the following items?Oan animal bone from 100,000 years agoa stone tool from 2000 years agoO a wood tool from 100 years agoa neanderthal bone from 40,000 years ago Think of a futuristic business. Then identify the level and type of production that it would undertake. W/ all relevant information.Give a description of the business. Starting in 1850 when europe become industrialized, the frequency of melanic forms of the peppered moth in populations ______ until they made up ______ of some population. multiple choice question. answer this question Find the slope of each line The largest mass of living material on earth comes from the largest mass of living material on earth comes from:_________ a. microorganisms. b. plants and animals together. c. plants. d. animals Cual es mi potencial en los deportes Analyze the word to determine its prefix, the meaning of its prefix, and the probable meaning of the word.Prefix:Prefix meaning:Word meaning:minimize f(-6)=3(3-2x). What is the evaluating function? Where is the centromere located on the chromosome, and what is its role?Select one:a.It is exactly at the center and it is responsible for making the q-arm longer than the p-arm.b.It is not exactly at the center, and it always makes the p-arm longer than the q-arm.c.It is exactly at the center, and it attaches to spindle fibers during cell division.d.It is not exactly at center, and it attaches to spindle fibers during cell division. The adjusting entry for a deferred revenue includes a debit to a(n)___ account and a credit to a(n)_____ account. What is the stressed syllable of the following words?1. Maite2. aguanta3. ahora4. almohada5. amarillo6. aorta7. aplaude8. aries9. auto10. baile11. bien12. brasil13. carro14. ciudad15. cohete16. coincide17. cuba18. cuenta19. cuidado Which statement is true of all scientific laws?OA. They were established by scientists hundreds of years ago.OB. They are factual explanations that cannot be questioned.C. They describe nature through the past, present, and future.OD. They must be based on mathematical formulas to be valid. what were the most valuable commodities from sub-sahara africa around 300 C.E? 100 POINTSselect all three correct answersA- ivory B- enslaved human beings C- gold D- silk The tendency of the return on stockholders' equity to vary disproportionately from the return on total assets is because of:________ Reasons for why people hesitate or do not act after recognizing an emergency are called:________ what is difference between fraction and rationals