Over the Years Rianna Paid $65,000 in Premiums on a Life

question 81

Multiple Choice

Over the years Rianna paid $65,000 in premiums on a life insurance policy with a face value of $100,000.Upon reaching 65,while still in good health,Rianna surrendered the policy and collected $95,000.In the year of collection,Rianna will report

• A)no income.
• B)$30,000 of taxable income.
• C)$5,000 of tax loss.
• D)$95,000 of taxable income.

Understand the definitions and calculations of key financial metrics, such as return on assets and asset turnover.

Recognize the importance of analyzing operating profits, profit margins, and their contributing factors.

Acknowledge the strategies for achieving superior performance and competitive advantage.

Understand how competition impacts the rate of return on assets within an industry.

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Definitions:

Stronger Acid

A substance with a higher ability to donate a proton (H+) compared to another acid, often measured by a lower pKa value.

Reagents

Substances or compounds that are added to a system in order to bring about a chemical reaction or are used to detect, measure, examine, or produce other substances.

Transformation

A genetic alteration in which a cell or organism incorporates and expresses foreign DNA.

Meso-Butane-2,3-Diol

A specific type of butane diol with a meso configuration, meaning it has a plane of symmetry and is optically inactive.