Lump sum Samenvattingen, Aantekeningen en Examens
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Final Exam: California Life, Accident, and health insurance
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According to the California Insurance Code, what term is used to describe a fact so important it could affect the policy premium? - Answer- Materiality 
 
Which of the following is NOT a life insurance settlement option? - Answer- Extended Term Option 
 
True answer- Life income option, Fixed amount option, Lump Sum option 
 
Major Medical expense plans typically use a cost containment measure for emergency care. This is refereed to as a - Answer- Deductible 
 
Which type of risk is gambling? -...
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ACG 2021 Exam 3 Practice with Complete Solutions
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When an asset is purchased (or disposed of) at a time other than the beginning or the end of an accounting period, depreciation is recorded for part of a year so that the year of disposal is charged with its share of the asset's depreciation - ANSWER-true 
 
Revising an estimate of the useful life or salvage value of a plant asset is referred to as a change in accounting estimate and is reflected in the current and future financial statements. - ANSWER-true 
 
the purchase of a property that in...
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VA Contractors: VA Advanced (Class A) 2024 Questions with 100% Correct Answers
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A lump sum contract on a project has a total contract price of $160,000. Retainage has been held back at 
10%. The contractor has received progress payments for 75% of the project. The contractor submits a 
request for final payment for the new completed project. The final payment amount should be for... - 
More than $50,000 
What is the total value of current assets for an accrual basis company that has the following? Checking 
account cash balance is $4,800; materials inventory for work-in-pro...
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WGU D104 Intermediate Accounting II Units 2-3 Exam with Complete Solutions
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These characteristics: 
They are acquired for use in operations and not for resale. 
They are long-term in nature and usually depreciated 
They possess physical substance. 
Describe what? - ANSWER-property, plant, and equipment 
 
Only asset that is NOT depreciated - ANSWER-land 
 
PP&E - ANSWER-property, plant, and equipment 
 
historical cost - ANSWER-the cash or cash equivalent price of obtaining the asset and bringing it to the location and condition necessary for its intended use 
 
compani...
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Primerica Practice Exam Test A 75 Questions & Answers 2023
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Primerica Practice Exam Test A 75 Questions & 
Answers 2023 
1. An annuity that is purchased with a lump sum premium and whose benefits begin 
after 12 months is called a: 
A. Single premium immediate annuity. 
B. Single premium deferred annuity. 
C. Level premium variable annuity. 
D. Flexible premium fixed annuity. - Correct answer-Single premium deferred annuity 
2. A technique used to determine the amount of life insurance needed by focusing on 
the projected earning potential of an insured ...
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Real Estate Finance and Investments 15th Edition By Brueggeman - Test Bank
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CHAPTER 3 
Mortgage Loan Foundations: The Time Value of Money 
 
TRUE/FALSE 
 
1.	In order to solve a compounding problem, you must know all four of the variables in order to solve for the fifth variable. (T) 
 
2.	One way to calculate the present value of a single payment is with the following formula: PV = FV * (1+i)n. (F) 
 
3.	At 6%, the present value of a $1 payment in 12 months is .. At 7%, the present value of a $1 payment in 12 months is .. (F) 
 
4.	The future value of $800 deposited ...
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CRCR Exam Prep questions and answers 2023/2024
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CRCR Exam Prep 
What are collection agency fees based on? - correct answer A percentage of dollars collected 
 
Self-funded benefit plans may choose to coordinate benefits using the gender rule or what other rule? - correct answer Birthday 
 
In what type of payment methodology is a lump sum or bundled payment negotiated between the payer and some or all providers? - correct answer Case rates 
 
What customer service improvements might improve the patient accounts department? - correct answer Ho...
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PA Notary Exam Questions And Answers 2022
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When does the notary need to print their name? - Answer - If your signature is not legible 
 
True or False: A notary should apply for reappointment a minimum of 60 days before his/her commission expires. - Answer - True 
 
True or False: A notary does not need to demand personal appearance when the signature on the document is recognizable to the notary. - Answer - False 
 
What are you prohibited from writing in your journal? - Answer - Personal information (complete SSN, full bank account or ...
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Texas Life Insurance Exam Questions and Answers with complete solutions
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Insurance 
(General concept) - ANSWER - transfers the risk of loss from an individual to an insurer 
- based on the principle of indemnity 
- based on the principle of risk (risk pooling) 
 
insurable interest 
(General Concept) - ANSWER - must exist at the time of the application 
- insuring one's own life, family member, or a business partner 
 
Solicitation and sales presentation - ANSWER - illustration- presentation of nonguaranteed elements 
- buyer's guide is generic information abo...
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Nevada Life & Health Insurance Exam Questions and Answers 100% Pass
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Nevada Life & Health Insurance Exam 
Questions and Answers 100% Pass 
term insurance - Answer- temporary protection because it only provides coverage for a 
specific period of time 
face amount - Answer- death benefit 
3 basic types of term coverage - Answer- level, increasing, decreasing 
- based on how the face amount changes during the policy term 
What is the premium in term insurance? - Answer- regardless of type of term insurance 
purchased, premium is level throughout the term of policy 
...