Which of the following employees under a group life plan would be allowed to convert to individual insurance of the same coverage once the plan is terminated?
1. those who have no history of claims
2. those who have been insured under the plan for at least 5 years
3. those who have worked in the company for at least 3 years
4. those who have dependentds

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false

Andrea cujoli is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. currently the spot price for the japanese yen is ¥129.87/$ and the 6-month forward rate is ¥128.53/$. andrea would earn a higher rate of return by buying yen and a forward contract than if she had invested her money in 6-month us treasury securities at an annual rate of 2.50%. true/false?

20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.