dISCUSS, What is the procedure for claiming gratuity under the Gratuity Act?
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- What is important for the qualifying process for surety bonds?Identify and explain FOUR circumstances in which an assurance provider should decline a new assurance engagement.Identify the strengths and weaknesses of each term and their impact. Terms: Financial accounting system, Termination policies, and legal principles
- 11 which of the following types of insurance best satisfies the need for permanent insurance protection A endowment B term C whole life D annuityAccording to the Public Trustees Act 1978, All unclaimed trust monies must be lodged annually into the unclaimed money's fund - To be lodged into this account, what requirements must be met to be considered 'unclaimed monies'?Investors may receive an economic benefit from the ownership of stock by receiving A. interest B. dividends C. captail gains D. Both "dividends" and "capital gains" are correct
- After researching Best Buy common stock, Sally Wang is convinced the stock is overpriced. She contacts her account executive and arranges to sell short 550 shares of Best Buy. At the time of the sale, a share of common stock had a value of $148. Three months later, Best Buy is selling for $140 a share, and Sally instructs her broker to cover her short transaction. Total commissions to buy and sell the stock were $58. What is her profit for this short transaction?4. Explain how the existence of a lender of last resort might prevent bank runs.Zach had surgery, which was his third claim of the year. He had a bill of $5000.Considering the prior visits, what is Zach’s portion of this bill and what is theresponsibility of the insurance carrier?
- Explain in detail the similarities and differences between the following types of annuities: a.SPIA b.SPDA c.FPDA d.Why no FPIA?What is a continuation agreement? Why is it important in an LLP?A company declared a $ 10.00 per share cash dividend. The company had 100,000 shares authorized, 75,000 shares issued, and 10,000 shares of Treasury Stock. What is the journal entry to record the declaration of this cash dividend?