What Percent of All Applicants Who Apply for Life Insurance

question 78

Multiple Choice

What percent of all applicants who apply for life insurance are found to be insurable?

• A)58
• B)68
• C)85
• D)90
• E)98

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Definitions:

Adjusted

Modified or changed for a more accurate or fair representation.

Final Trial Balances

The summary of all ledger accounts after adjusting entries are made, used to prepare financial statements at the end of an accounting period.

Accounting Cycle

The series of steps in processing financial transactions, from the initial recording to the preparation of financial statements.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated by dividing current assets by current liabilities.