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maria [59]
2 years ago
10

A modified endowment contract is best described as

Business
1 answer:
MariettaO [177]2 years ago
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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3 years ago
A company that makes organic fertilizer has supplied the following data: Bags produced and sold 200,000 Sales revenue $ 1,560,00
Natali5045456 [20]

Answer:

The company's degree of operating leverage is closest to $840000

Explanation:

Selling price per unit = Sales revenue / No. of bags sold

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= $840000/200000 units = $4.2 per bag

Company’s unit contribution margin = Selling price per unit-Variable cost per unit

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5 0
3 years ago
What is the primary purpose of a mission statement
Alex17521 [72]
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6 0
3 years ago
BenchMark, Inc., just paid a dividend of $3.45 on its stock. The growth rate in dividends is expected to be a constant 5 percent
Ludmilka [50]

Answer:

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= $43.13

b) To determine BenchMark, Inc.'s current share price divide the dividend per share by the required rate of return after subtracting the growth rate from the required rate of return.

8 0
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