Selection of a source of short-term financing should include all of the following EXCEPT
A) the effect of the use of credit from a particular source on the cost and availability of other
sources of credit.
B) the effective cost of credit.
C) the floatation costs for debentures.
D) the availability of financing in the amount and for the time needed.
SAY. Write your answer in the space provided or on a separate sheet of paper.
C
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A variable annuity applicant invests his premiums immediately into the stock portfolio chosen for his annuity. He then returns his annuity during the free look period when the stock market drops significantly. What will the client receive?
A. His entire premium B. The policy account value on the date the returned policy is received by the insured C. The policy account value on the date the returned policy is received by the insurer D. The full premium minus the surrender charge
Joe and Helen are married. Joe worked outside Oregon all year, and spent less than 31 days in the state. Helen lived in Imbler, Oregon, with the children so they could go to school with their friends. Joe qualifies to be treated as a nonresident for tax purposes, and will not be taxed by Oregon on his out-of-state wages.
a. true b. false