All categories

2 years ago

a variable life insurance agent must be licensed and appointed as a life and variable contract agent, as well as an

1 answer:

7 0

A variable life insurance agent must be licensed and appointed as a life and variable contract agent, as well as a broker-dealer. This is further explained below.

<h3>What is a broker-dealer?</h3>

Generally, a member of the Stock Exchange who performs the duties of both a broker and a jobber.

In conclusion, An individual who wishes to sell variable life insurance must first get a license and then be designated as a life and variable contract agent in addition to being a broker-dealer.

You might be interested in

On January 1, Year 1, Grade Company paid $300,000 for 20,000 shares of Medium Company's common stock, which represents a 15% inv

slavikrds [6]

Answer:

B) $300,000.

Explanation:

Since Grade Company cannot exercise any real influence on Medium Company, it cannot value its investment using the equity method and must record its investment at fair market value. This means that the investment account must equal the market value of the 20,000 stocks, which in this case is $300,000. Grade Company should also record dividends received as revenue from investing activities.

8 0

3 years ago

What is a standard of living?

mezya [45]

Answer:

The degree of wealth and material comfort available to a person or community.

Explanation:

How nice the way they live their life is

7 0

3 years ago

The Hawthorne studies showed that:________

Inessa05 [86]

Answer:

B. work motivation is a function of a wide variety of factors,Including pay,social relationships,meaning interests, and attitudes

3 0

3 years ago

Recently, you accepted an internship position with the Tulawaka Zoo in Tennessee. You report to Sharon Molacavage, the Senior An

Furkat [3]

Answer:

The correct answer is letter "B": A moderately favorable situation in which Sharon’s relationships with her employees are strained, but where the employees are still doing highly structured tasks.

Explanation:

Austrian organizational psychologist Fred Fiedler (1922-2017) proposed in his Theory of Contingency that leaders only have one leadership style and that they cannot shape it according to the different situations they might be involved in. Instead, leaders must be located in a situation that matches their style.

Since Sharon's leadership style is autocratic, she is likely to manage herself better in adverse situations where the subordinates still follow her instructions.

3 0

3 years ago

The market value of Fords' equity, preferred stock and debt are $ 6 billion, $ 2 billion, and $ 12 billion, respectively. Fo

aniked [119]

Answer:

10.12 %

Explanation:

Weighted Average Cost of Capital (WACC) is the cost of permanent sources of capital pooled together. It shows the risk of the business and is used to evaluate projects.

WACC = Cost of equity x Weight of Equity + Cost of Debt x Weight of Debt + Cost of Preference Stock x Weight of Preference Stock

Remember to use the After tax cost of debt :

After tax cost of debt = Interest x (1 - tax rate)

= 10% x ( 1 - 0.40)

= 6.00 %

Cost of equity :

Cost of equity = Return from Risk free security + Beta x Risk Premium

= 4.00 % + 1.8 x 8.00%

= 18.40 %

Cost of Preference Stock :

Cost of Preference Stock = Dividend / Market return x 100

= $2.50 / $ 25 x 100

= 10%

therefore,

WACC = 18.40 % x 30 % + 6.00 % x 60 % + 10.00% x 10%

= 10.12 %

thus,

Ford's weighted average cost of capital is 10.12 %

6 0

3 years ago