When would the cost of credit life insurance be included in the finance charge and APR calculations for federal truth-in-lending disclosures?

Q: The Employee Retirement Income Security Act (ERISA) requires that companies fund defined-benefit…

A: The post-retirement benefits will be benefits, other than annuity disseminations, paid to…

Q: What is the first step in calculating the lender's effective yield and calculating the borrower's…

A: Amortization schedule refers to the statement showing the details of the loan amount, interest…

Q: What are warranty payments? Please explain.

A: A Warranty is a basically a handwritten promise made by the seller to the buyer on paper that if the…

Q: When accounting for pension costs, how should the payment into the pension fund be recorded? How…

A: Pension expense: Pension expense is an expense to the employer paid as compensation after the…

Q: are the key accounting issues in determining the

A: Pension Accounting Many organisations provide additional benefits to their employees in addition to…

Q: Borrowers should be aware of which general qualifications?

A: Borrowers should be aware of the following points while borrowing the amount: Borrowers should be…

Q: What are the basic factors that should be considered when establishing anindividual retirement plan?

A: A plan according to which an employer contributes some amount in the pool of funds that is kept…

Q: What is the difference between life insurance and annuity?

A: Meaning:Life insurance is a cover on financial loss, and it is a contract between insurer and a…

Q: Which of the following is not an insurance management tool? Group of answer choices deductibles.…

A: Insurance management: Insurance Management is the administration of all insurance requirements, both…

Q: How are general long-tern liabilities distinguished from other long-term liabilities of government?…

A: Liabilities are described as the obligations which an entity is required to pay back. These can be…

Q: federal government finance and service it outstanding debt

A: The national debt level of the United States is a measurement of how much the federal government…

Q: A deposit premium can be defined as The initial payment schedule required to institute a premium…

A: An insurance contract is a contract where the insured pays the insurer premiums for coverage…

Q: The document a lender gives a borrower detailing the actual costs of a loan is called     a…

A: A truth in lending disclosure is an agreement where there are some important disclosure made by the…

Q: What is the formula used to determine the amount repayable to the lender under the Cash Back Option…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: Estimated liabilities commonly arise from all of the following except: Top of Form Multiple Choice…

A: Unearned revenue arises on the basis of advance received from customers. It is recognized as earned…

Q: debt?

A: Introduction Deficit and Debt If the federal revenues and the government spending are equal in a…

Q: What does the insurer agree to pay for in addition to covering losses in an insurance policy?…

A: Insurance is a contract between the insurer and insured. In this contract, the insurer agrees to…

Q: How do we record the interest payment (provide examples for both premium and discount amortization),…

A: Bonds are a form of debt or loan taken by the company, on which regular interest payments needs to…

Q: In determining the present value of the prospective benefits (often referred to as the defined…

A: Defined benefit obligation means a defined plan of contribution from employer to employees'…