According to the policy loan clause, the policy owner may borrow any sum up to the policy's cash value. As a result, choice (C) is the best way to respond.
<h3>What is policy loan?</h3>
A policy loan is given out by an insurance provider and is secured by the cash value of the borrower's life insurance policy. A "life insurance loan" is another name for it. They used to be renowned for having cheap interest rates, but that isn't necessarily the case now.
Even though they have limitations, policy loans typically provide easy access to money. When a universal or whole life insurance policy has built up cash value, policy loans may be taken out.
Hence, option (C) is the accurate one.
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If Simone tells Rural Investments Inc. that the land she is trying to sell them will be worth twice a much next year she is giving an estimate or an opinion of that. There is not factual evidence presented to state that the 300-acre farm is going to be worth more in upcoming years. The farm can also depreciate and lose value, so there is no way to truly know until it comes time to sell the land.
Answer: (A) Vision
Explanation:
According to the given scenario, the Xavi is basically demonstrating about the vision about their new startup EnerMob Inc., company in which he planning to promote the concept of cell phone batteries which is typically charged by the solar panel.
Xavi is basically developed the proper vision of his company so that it helps in achieving his main objective for selling the new cell phone batteries products in the market and by using the promoting strategy we influence the customers.
The vision is the term which is used to define the main objective and goal of an organization so that by proper planning we can easily achieve the desirable goals.
Therefore, Option (A) is correct answer.
Answer:
1. Total cost of purchases for the month
- = actual purchases x actual price = 200,000 pages x $0.175 per page = $35,000
2. Materials price variance
- = (actual unit cost - standard unit cost) x actual quantity used = ($0.175 - $0.17) x 185,000 = $925 unfavorable
3. Materials quantity variance
= (actual quantity used - standard quantity allowed) x standard price = (185,000 - 170,000) x $0.17 = $2,550 unfavorable
4. Net materials variance
- = materials price variance + materials quantity variance = $925 + $2,550 = $3,475 unfavorable
Explanation:
Actual purchase price $0.175 per page
Standard quantity allowed for production 170,000 pages
Actual quantity purchased during month 200,000 pages
Actual quantity used during month 185,000 pages
Standard price per page $0.17 per page
