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Q. Explain about Death Benefit?
Death Benefit - Amounts received under a life insurance contract and paid by reason of death of the insured. (Even though most death benefits are paid at termination of life, certain plans now pay accelerated death benefits whereas the insured is still alive which implies: an AIDS patient may possibly receive accelerated death benefit.
Q. Accounting Change? Accounting Change - Change in (1) an accounting principle (2) an accounting estimate or (3)the reporting entity which necessitates DISCLOSURE and explan
What is Inherent risk Susceptibility of an account balance or class of transactions to material misstatement either individually or when aggregated with misstat
In 1952, to provide equilibrium between assets and liabilities of insurance companies, Frank Redington, an English actuary, proposed interest rate immunization te
how would you judge the potential profit of bajaj electronics on the first year of sales to booth plastics and give your views to increase the profit ?
Define the conversion and competitive effects of exchange rate changes on the company's operating cash flow. Answer: The competitive effect: Exchange rate modifications may in
How are the members of the board of directors of a corporation chosen and to whom do these board members owe their primary allegiance? The Members of a corporation's board of d
Briefly discuss some variants of the basic interest rate and currency swaps. Answer: In place of the basic fixed-for-floating interest rate swap, there are as well zero-coupo
How does the net present value relate to the value of the firm? The net present value is the dollar amount of the amend to the value of the firm if the project under considerat
What is rectification of errors? List and explain the stages where the errors are deducted for rectification.
What are the Objectives or goals of Financial Management? Objectives of Financial Management: - It is the responsibility of the top management to lay down the objectives or goa
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