If you were to start a business delivering documents, you might need to purchase cell phones, bicycles, desks, and chairs. a. these purchases are called consumption. if you raise the funds to purchase them from others you are a borrower. b. these purchases are called capital investment. if you raise the funds to purchase them from others you are a borrower. c. these purchases are called capital investment. if you raise the funds to purchase them from others you are a saver. d. these purchases are called consumption. if you raise the funds to purchase them from others you are a saver.

Kis the insured and p is the sole beneficiary on a life insurance policy. both are involved in a fatal accident where k dies before p. under the common disaster provision, which of these statements is true?

In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?

Calculate riverside’s financial ratios for 2014. assume that riverside had $1,000,000 in lease payments and $1,400,000 in debt principal repayments in 2014. (hint: use the book discussion to identify the applicable ratios.)