What type of annuity settlement arrangement stops making payments when the annuitant dies?
A) Pure life annuity
B) Cash refund annuity
C) Period certain annuity
D) Installment refund annuity
Answer: A) Pure life annuity
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During August, the Filtering Department of Union Square, Inc had a beginning Work-in-Process Inventory balance of 120 units with costs of $60,000. During the month, it started and completed 260 units. It had 30 units in the ending Work-in-Process Inventory. What is the number of equivalent units of production for transferred in units in the Filtering Department in August under the first-in, first-out (FIFO) method?
A) 120 units B) 410 units C) 290 units D) 230 units
When a concave downward function is present, increasing advertising expenditures result in:
A) greater sales B) diminishing returns C) average returns D) further advertising expenditures