What is the unequal life problem, under what conditions is it relevant, and how should it be dealt with?

Q: fringe benefits and de minimis benefits?

A: Answer  There are various countries helping with various benefits for its employees and pay…

Q: What are the benefits of Payback Screening?

A: The business has multiple options to invest in. It is vital to opt for the correct option of…

Q: What are the requirements for nonattest engagements?

A: Non-attest engagements or services   The non-attest services are the engagements with a client and…

Q: Why is there a cost associated with reinvestedearnings?

A: There is some adaptability in the measure of funds that will be created from new reinvested earnings…

Q: What are compensated absences?

A: Compensated absences are the absences or leaves for which the employees will be paid. Example of…

Q: What are the key difference in compensation for PCN and TCN? Do these differences matter?

A: Before understand the concept of PCN and TCN we need to understand the types of coutries. There are…

Q: Which of the following factors will most likely have a negative impact or

A: Functions of Budget: Planning: It facilitates planning for future activities. Controlling: Budgets…

Q: The child and dependent care provisions?

A: Definition: Tax credit: Tax credit refers to the money which tax payers can subtract from the taxes…

Q: In what way is compensation similar to payment? Explain each by giving examples or cases that you…

A: Compensation :  It a payment given in exchange of services.  It is a form of a payment. It can only…

Q: What is inshoring?

A: It is the opposite of offshoring. Inshoring is a process wherein the business is moved back from…

Q: What is the Rights Issue?

A: The Rights issue is the issue of a definite proportion of Shares to the existing shareholders of the…

Q: How can a person apply the principles of valuation to their personal life?

A: The principles of valuation can be applied in a systematic and tangible manner in the personal life…

Q: What is nonpecuniary benefits?

A: The benefits which are not in monetary form are called as Non Pecuniary benefits. The notion that…

Q: What does the affordable care act do for those not insured?

A: Affordable Care Act is a comprehensive healthcare reform which has been introduced from March, 2010,…

Q: What are the types of situations that result in troubleddebt?

A: Troubled debts can result in two different situations, which are as…

Q: What is a fortuitous event? Is there any difference between a fortuitous event and a force majeure?

A: In Chile, a chance occasion is an idea characterized by law in which mitigates the obligor from…

Q: Describe the process of handling Unequal Service Lives?

A: Answer: When the project’s life is equal, it is easy to determine the different capital budgeting…

Q: How is the Handling of Unequal Service Lives done?

A: When decision has to be made while comparing one project with other projects and out of which only…

Q: Generally speaking, what kinds of reactions and events characterize the absorptive state? The…

A: Solution-   In an absorptive state, the amounts of nutrients are high. It is nothing but a fed…

Q: What do the comparison of alternatives with unequal service livesrequire?

A: Present worth means discounting the future cash flows at the interest rate. The calculation of the…

Q: What are the objectives of probate laws?

A: Probate law: After the death of the decedent how his property should be located, how his debts are…

Q: What exactly is impairment? Could you provide an example?

A: THE ANSWER:

Q: What is immunized?

A: Immunization is concept which states that the change in interest rates will not affect the value of…

Q: What is eviction?

A: Eviction as per law is the process of civil nature in which court allows landlord to legally remove…

Q: When should the defender be replaced?

A: When should the defender be replaced?

Q: Explain Handling Unequal Service Lives?

A: The two projects compared has unequal project lives. Such projects are handled by two…

Q: What is law of Indemnity? Explain the rights and duties of indemnifier and indemnity holder with…

A: The law of indemnity specifies that a person takes the guarantee of any act of the party that causes…

Q: What Is Personal Liability?

A:

Q: What is ex-rights day?

A: When the company announced rights issue for the existing shareholders of the company to participate…

Q: What is the implication of the cost of the “wrong decision” in the selection process

A: Selection process refers to the process in which we choose an alternative from all the available…

Q: How can we compare the alternatives with unequal service lives?

A: When making a decision between two investment alternatives, it may so happen that the alternatives…

Q: What is the meaning of Intestate?

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: Which of the following does not have a legitimate insurable interest? A) An individual on the life…

A: Insurable interest is a key component in insurance which basically ensures that insured person…

Q: What is conflict of interest?

A: Conflict of interest: Conflict of interest occurs when a person derives personal benefits by…

Q: What do you think is the appropriate penalty?

A: Given: The appropriate penalty is explained as below,

Q: What is meant by the do-nothing alternative?

A: Do-nothing alternative means that there will not be sufficient facilities created to solve the…

Q: What is a goingconcern problem? What factors can contribute to such aproblem?

A: Given: To analyse about the going concern problem and its factors contribution as follows,

Q: What is the definition of fair value?

A: Investments:

Q: Which expenses are associated with the risk of disability?

A: Disability refers to being abnormal from others i.e the person is incapable in a or few aspects from…

Types of Insurance Contract

Insurance is a contract wherein an individual or entity gets financial protection from the insurance company for any damages or losses incurred. The individual or entity is called the insured, whereas the insurance company is called the insurer. The insured and the insurer enter a legal contract for a fixed term called the insurance term, and the contract is called an insurance policy.