B. thats the answer i got
Answer
The type of insurance that builds no cash value is B. Term
Explanation
Cash value insurance is one that provides a permanent insurance for life and has high premium rates with a requirement of a fixed level premium deposit. Examples of cash value insurance covers are<u> the whole life, variable life and universal life insurance.</u> Whole life insurance is also called the <u>straight life/ordinary life insurance cover</u>. When premium payment term is limited to 20 years it is called 20-payment life.
<span>Dogwood cost = $15000
Red Maple cost = $30000
First, write an expression expressing what you know.
x = percent of inventory that's dogwood trees
(1-x) = percent of inventory that's red maple trees
So the expression looks like
0.26x + 0.17(1-x) = 0.20
Solve for x. Distribute the 0.17
0.26x + 0.17 - 0.17x = 0.20
Merge the x terms
0.09x + 0.17 = 0.20
Subtract 0.17 from both sides
0.09x = 0.20 - 0.17 = 0.03
Divide by 0.09 on both sides
x = 1/3
So one third of the inventory cost is dogwoods and two thirds is red maples. So
Dogwood cost = 45000 * 1/3 = $15000
Red Maple cost = 45000 * 2/3 = $30000</span>
Answer:
Detailed step wise solution is given in the image attached.