A. Within 6 months after the move has taken place
B. Within 6 months before the license is to expire
C. 30 days before submitting a continuing education certificate
A. Participating in a plan to offer free insurance if a person buys some form of service
B. Disregarding age in the determination of insurance rates
C. Refusing to apply the practice of twisting in sales
D. All the above are legal in the state of California
A. An unethical practice
B. A clever and ethical practice
A. The period of time after a life insurance application is written and the date the coverage takes effect
B. The period of time when there is not enough income available as required by the insured's beneficiaries
C. The period of time when a surviving spouse does not receive any social security benefits
D. None of the above
Other sets by this creator
An owner of the Atrium Tower Office Building is currently negotiating a five-year lease with ACME Consolidated Corp. for 20,000 rentable square feet of space. ACME would like a base rent of 20 dollars per square foot with step-ups of 1 dollar per year beginning one year from now. Atrium would provide full service under the lease terms. The owner of Atrium Tower believes that the 20 dollars lease is too low and is trying to negotiate 24 dollars per square foot with the same step-ups. However, Atrium would provide ACME with a 50.000 dollars move-in allowance and 100,000 dollars in tenant improvements (TIs) if the lease at 24 dollars is signed.
Assuming that Atrium's owner believes that his required rate of return on investment should be 10 percent per year, is the 24 dollars in rents per square foot combined with the move-in allowance and TIs justified?
Tuscon Inc. sold merchandise for $6,000 to P. Paxton on July 31, 2017, with payment due in 30 days. Subsequent to this, Paxton experienced cash-flow problems and was unable to pay its debt. On December 24, 2017, Tuscon stopped trying to collect the outstanding receivable from Paxton and wrote off the account as uncollectible. On January 15, 2018, Paxton sent Tuscon a check for$1,500 and offered to sign a two-month, 8%, $4,500 promissory note to satisfy the remaining obligation. Paxton paid the entire amount due Tuscon, with interest, on March 15, 2018. Tuscon ends its accounting year on December 31 each year.
- Identify and analyze all transactions or adjustments on the books of Tuscon Inc. from July 31, 2017, to March 15, 2018.
- Why would Paxton bother to send Tuscon a check for$1,500 on January 15 and agree to sign a note for the balance, given that such a long period of time had passed since the original purchase?