Dr. griffith allowed his life insurance to lapse after may 15, 2007. according to us life’s life insurance policy, he was granted a 31-day grace period after which he would be able to reinstate his insurance by paying the balance of the unpaid bill and receiving written approval from us life of the required evidence of insurability. according to a reminder notice, griffith had 60 days to make a full payment. on or around june 15, 2007, the insurance provider sent griffith a lapse notice that included a reinstatement form and a self-addressed envelope and required payment and the reinstatement form to be received by the policy provider within 30 days from the lapsed coverage. on july 23, 2007, griffith electronically directed payment to american medical association insurance agency (amaia), which acted as page 330a third-party administrator for us life. amaia acted on us life’s behalf to bill and collect premiums. amaia received the check from griffith on july 30, 2007. on july 28, 2007, griffith was kneeling beside a bicycle at bethany beach, delaware, when he was struck by a car. do yo think griffith was insured at the time of his death? why or why not? [us life insurance co, v. wilson, 2011 md. app. lexis 52 (2001).]

Suppose that xtel currently is selling at $40 per share. you buy 500 shares using $15,000 of your own money, borrowing the remainder of the purchase price from your broker. the rate on the margin loan is 8%. a. what is the percentage increase in the net worth of your brokerage account if the price of xtel immediately changes to (a) $44; (b) $40; (c) $36? (leave no cells blank - be certain to enter "0" wherever required. negative values should be indicated by a minus sign. round your answers to 2 decimal places.) b. if the maintenance margin is 25%, how low can xtel’s price fall before you get a margin call? (round your answer to 2 decimal places.) c. how would your answer to requirement 2 would change if you had financed the initial purchase with only $10,000 of your own money? (round your answer to 2 decimal places.) d. what is the rate of return on your margined position (assuming again that you invest $15,000 of your own money) if xtel is selling after one year at (a) $44; (b) $40; (c) $36? (negative values should be indicated by a minus sign. round your answers to 2 decimal places.) e. continue to assume that a year has passed. how low can xtel’s price fall before you get a margin call? (round your answer to 2 decimal places.)

Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.

What is the relationship between credit and debt?