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Case: Agent Allana has a number of clients to whom she is introducing Individual Variable Insurance Contracts (IVICs). She is particularly pleased with the recent performance of the equity fund in which the segregated fund is invested as the only investment option that she recommends. She is finding a lack of interest in her approach and she is wondering why more of her clients are not taking advantage of this opportunity. Which of the following considerations may be contributing to this failure? Her clients may not be prepared to accept the risk of loss they might experience with this kind of fund. Her clients may be looking for investments that offer a better guarantee, particularly if they are older and planning to use the investment as a retirement plan. Her clients may be looking for an investment that will give them the choice of where to place their money. Her clients may feel that they can acquire the same kind of investments directly without paying the high sales and administration charges usually associated with an IVIC.
The trade creditor suggests that Smart Corporation issue to him 750 shares of the USD 24 par value common stock, which is currently selling on the market at USD 40. Present the entry or entries that should be made on Smart Corporation's books.
The mining company produced P8,000,000 worth of gold during the year. How much net royalties will be paid to Mr. Crocodile
A charitable contribution of $5,000. Janice withdrew $70,000 of profit from Catbird. How should Janice report this information on her individual tax return
Describe the reasons it is worth the trouble to store data in a relational database. What are some of the disadvantages of storing data in separate tables
the illinois corp. which maintains a periodic inventory acquired 12000 of merchandise inventory in january of 2012 but
Which items specified by the new terms would be compared to the carrying amount of the debt to determine if the debtor should report a gain on restructuring?
An invoice is dated June 4 with terms of 4/15 ROG. The merchandise was received on July 25. What is the final date on which the cash discount may be taken
Based on the following data, determine the cost of merchandise sold for March: Merchandise inventory, March 31 90,000
Assuming that a 12% interest rate properly reflects the time value of money in this situation. Determine which option Kiddy should choose
Journalize the payroll entry. The cumulative earnings shown above are for the year through last week. The Social Security rate is 6.2%
Explain the two methods and journal entries for recording stock dividends and the journal entries required for a stock split.
Do you approve or disapprove of Dobbs' manner of deciding when to ship goods to customers and record the sales revenue? If you approve, give your reason.
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