Which of the following provisions must be included in an individual accident and health insurance policy?
A) 2-year time limit on certain defenses
B) Coverage of newborns
C) Misstatement of age
D) Change of occupation
Ans: A) 2-year time limit on certain defenses
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Graham Corporation's budgeted production schedule, by quarters, for the coming year is as follows:
Quarter 1 = 36,500 units Quarter 2 = 33,000 units Quarter 3 = 31,000 units Quarter 4 = 38,000 units Each unit of product requires two pounds of direct material. The company's policy is to begin each quarter with 25% of that quarter's direct materials production requirements. Graham expects to have 64,000 pounds of direct materials on hand at the beginning of Quarter 1. What would be Graham's budgeted direct materials purchases (in pounds) for the third quarter?
Inventory is reported in the current asset section of the balance sheet
a. true b. false