Term life insurance and whole life insurance both provide a savings element in addition to
providing coverage for the insured's life.
Indicate whether the statement is true or false
FALSE
Business
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Market demand allowed Acme Corp. to raise its price by 20 percent to $60. What is the new level of break-even revenues if fixed charges including depreciation are $1 million and variable costs were 70 percent of the old price?
A) $2,400,000 B) $2,000,000 C) $3,333,333 D) $2,857,143
Business
The listing broker must always withhold 2 percent of the selling price from an out-of-state seller for possible state income tax.
a. true b. false
Business