On January 2, 1986, Beal, Inc. acquired a $70,000 whole-life insurance policy on its president. The annual premium is $2,000. The company is the owner and beneficiary. Beal chairqed officer's life insurance expense as follows: 1986 $2,000 1987 1,8001988 1,500 1989 1,100----------------------------------------- Total $6,400 In Beal's December 31, 1989 balance sheet, the investment in cash surrender value should be:____________.a. $0b. $1,600c. $6,400 d. $8,000

Answers

Answer 1
Answer:

Answer:

B) $1,600

Explanation:

The ending cash surrender = total premiums paid - total amount charged to insurance expense = ($2,000 x 4 years) - ($2,000 + $1,800 + $1,500 + $1,100) = $8,000 - $6,400 = $1,600

In this case, a larger portion of the premiums paid are allocated to investments related to the life insurance.


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SynVens, a major retail chain in Hungary, is planning to diversify. It plans to enter the Textiles industry and aims to be first or second in market share in this industry in five years. Which of the following levels of plan does this strategy fall under?

Answers

Answer: Corporate - Level Plan

Explanation: Corporate level planning entails reviewing the current strategy of a business in order to determine the company's long term goals. This is done by senior management, the owners of the company and its shareholders. Because this plan looks at the business as a whole, encompssing all of its departments and divisions, this plan also confirms in which markets the business can enter in and why. In this case SynVens aims to be the first or second in market share in the textile company within 5 years. This is the goal set by the business's highest management in accordance with their corporate level plan fo the future of the business.

What is customer service?

Answers

Customer service refers to all the acts of taking care of the customer's needs through providing and delivering professional, helpful, high quality service and assistance before, during, and after the customer's requirements are met.
>>>Characteristics of a good customer service:
       - Promptness
       - Politeness
       - Professionalism
       - Personalization

Customer service is the assistance and advice provided by a company to those people who buy or use its products or services. Each industry requires different levels of customer service, but towards the end, the idea of a well-performed service is that of increasing revenues.

you have a lot of social media marketing experience. do you think people really trust social media as an informational source?

Answers

While social media is used as an informational source, the trust placed in that information varies based on the credibility of the source, the type of content, and the platform.

People do use social media as an informational source, but the level of trust varies among individuals. The trustworthiness of information on social media often depends on factors such as the source's credibility, the type of content, and the platform being used.

Credibility is crucial when evaluating information on social media. Users tend to trust information from established brands, influencers, or experts in a specific field. However, they might be skeptical of information from unknown sources or those with a history of spreading misinformation.

The type of content also plays a role in trust. Users are more likely to trust factual, well-researched articles, videos, or posts, rather than opinion-based or sensationalized content. Content that aligns with a user's beliefs may also be perceived as more trustworthy.

Lastly, the platform itself can affect trust. Different social media platforms cater to different demographics and have distinct content moderation policies. Platforms with a reputation for fostering transparency and promoting reliable information will generally be perceived as more trustworthy by their users. Users must exercise critical thinking when evaluating information on social media to ensure its trustworthiness.

For more about social media:

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In the secondary market, stock prices areA. determined by supply and demand
B. Stable
C. easy to predict

Answers

A. determined by supply and demand

You could borrow money from friends and family who would like to invest in your business, or you could offer them ________. equity stock debt a job

Answers

The answer is equity.

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Answers

Both corporate and individual income taxes are set at progressive rates.