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Question - You are reviewing your client Mable's existing insurance coverage as part of your insurance needs analysis for her. Mable is a member of her employer group benefits plan including 2 times annual salary life insurance. However, Mable will be retiring from her employer which means that she will no longer be a member of the group plan. Assuming Mable's group plan follows the guidelines established by the Canadian Life and Health Insurance Association (CLHIA) and she will retire and leave the group on or before age 65, which of the following statements is correct with respect to Mable's retirement and her group life coverage?
a) Premiums for conversion from group life coverage to individual insurance will be guaranteed provided that the conversion occurs within 31 days of retirement.
b) If Mable converts her group life coverage to individual insurance within 31 days, the amount of coverage is unlimited and proof of insurability is not required.
c) If Mable converts her group life coverage to individual insurance within in 31 days, she can convert up to $200,000 without providing proof of insurability.
d) Upon Mable's retirement, her group life coverage terminates and there is no conversion permissible from group life coverage to individual insurance.
Income before income tax was $625,000, and income taxes were $175,000 for the current year. Determine the earnings per share on common stock
what is the cost of the truck that should be recorded at the time of purchase?
The risk-free rate is 3% and the expected return on the market is 12%. What is the required rate of return on AA's stock? Round your answer
Prepare journal entries to record these transactions and events, and prepare a statement of revenuesn expenditures and changes in fund balance for the Trails Special Revenue Fund for 2013.
What estimated liability for outstanding premiums on the 12/31/23 balance sheet is? Marine City estimated that 50% of the coupons would be redeemed.
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You are the vice president of operations for a small manufacturing company that uses the absorptive method of accounting for fixed manufacturing overhead, and you are approaching the end of the year.
Compute Wendy's taxable income for 2016 and her tax due (including any self-employment tax). Wendy White (I.D. No. 526-30-9001), age 29, is single
CAR car dealership is offering free credit on a new $10,000 car. You pay $1,000 down and then $300 a month for 30 months. Another dealership does not offer free credit but will give you $1,000 off the list price. If the rate of interest is 10% ..
Q-1: McDonnell-Myer Corporation reported net income of $1,150 million. The company had 469 million common shares outstanding at January 1 and sold 42 million shares on Feb. 28. As part of an annual share repurchase plan, 6 million shares were retired..
Determine the company's break-even point in (a) number of lawns serviced per month and (b) dollars. Compute break-even point
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