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2 years ago

A modified endowment contract is best described as

1 answer:

8 0

A modified endowment contract is best described as a life insurance contract that has accumulated cash values higher than the IRS allows.

<h3 /><h3>What is modified endowment contract?</h3>

This refers to the highest amount of premium that can be paid into a policy and still have it recognized as a life insurance contract.

Hence, a modified endowment contract is best described as a life insurance contract that has accumulated cash values higher than the IRS allows.

Learn more about modified endowment contract here : brainly.com/question/8128588

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Pilar uses a unique product number for each product in her inventory. she makes the product number ____.

8090 [49]

Based on the question, Pilar was creating a database for her business.
The choices are: a. a table b. the primary key c. a database d. a record

I believe the answer is b. the primary key.

<span>A primary key is a known as a unique record used in creating a license number or a telephone number. This is used in a relational database where there is only one primary key used as </span>

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3 years ago

You are choosing between these four investments and you want to be 95% certain that you do not lose more than 8.00 % on your in

MakcuM [25]

Answer:

option B

Explanation:

In other to know how return fluctuation can be predicted with for instance, x%, predictability, one has to look at the normal distribution curve of return (average returns) to standard deviation of those returns. (check the attached file for additional details).

Hence, to be 95% sure that investment losses are less than 8% one needs to look at 95% of all returns which infact Mean return plos or minus 20. If the lower bound of this interval is less than 8% then the investment needs to be selected

check attached file for additional details

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3 years ago

Josh is walking to ben hill griffin stadium on gameday when a coca-cola representative offers him and his friends free cans of t

Musya8 [376]

<span>The element of the promotional mix that coca-cola is using in this scenario is known as sales promotion. As coca-cola is paying for this inadvertently via their cost of goods accounts.</span>

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3 years ago

Read 2 more answers

In December 2016, Learer Company’s manager estimated next year’s total direct labor cost assuming 40 persons working an average

nignag [31]

Answer:

1a. Predetermined Overhead Rate= 60%

Explanation:

Predetermined Overhead Rate=

Estinated overhead cost/Direct labor cost= $1,440,000/(40*$20*3000)

=60%

1b. Total Overhead Cost applied to each job

Job No Direct Labor Applied FOH60%

201 606,000 363,600

202 565,000 339,000

203 300,000 180,000

204 718,000 430,800

205 316,000 189,600

206 19,000 11,400

Total $2,524,000 $1,513,600

Overhead cost applied=

Direct Labor (1.b) * Predetermine overhead rate (1.a)

example:

(Job No. 201) 606,000 * 0.6 = 363,600

1c. Over applied or under applied at year end 2017

Actual Over head cost $1,542,000

Less:Overhead Appied - $1,513,600

Under applied over head $28,400

2. Adjusting Entry

Date Account Title Debit Credit

Dec Cost of goods $28,400 -

-31 sold

Factory - $28,400

Overhead

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3 years ago

Read 2 more answers

Determine the finance charge using the previous balance method. The account balance on April 1st is $50.51. On April 15th, a pay

Sedbober [7]

Answer:

$0.7577

Explanation:

The computation of the finance charge is shown below:

Finance charge = The account balance × monthly rate

where,

The account balance = $50.51

Monthly rate = 18% ÷ 12 months = 0.015

So, the finance charge is

= $50.51 × 0.015

= $0.7577

We simply multiplied the account balance with the monthly rate so that the finance charge could come

All other information is not relevant. Hence, ignored it

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3 years ago