Brenda transferred ownership of a whole life insurance policy on her life to an ILIT seven years ago and retained the right to borrow against the policy. When Brenda dies, the proceeds of the life insurance policy are: A. Included in Brenda’s federal gross estate if she has any outstanding loans against the life insurance policy. B. Included in Brenda’s federal gross estate if Brenda continued paying the policy premiums after the life insurance policy was transferred to the ILIT. C. Never included in Brenda’s federal gross estate. D. Always included in Brenda’s federal gross estate.

Thomas kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. thomas's fastest-moving inventory item has a demand of 6,000 units per year. the cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. the average ordering cost is $30 per order. it takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (this is a corporate operation, and the are 250 working days per year.)a) what is the eoq? b) what is the average inventory if the eoq is used? c) what is the optimal number of orders per year? d) what is the optimal number of days in between any two orders? e) what is the annual cost of ordering and holding inventory? f) what is the total annual inventory cost, including cost of the 6,000 units?