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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.

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Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred

Naddik [55]

Answer:

Part A.

$16.75

Part B.

Variable costing income statement for 2017

Part C.

Part D.

Absorption costing income statement for 2017

Explanation:

<em>The question is incomplete, however see explanations below</em>

Cost per unit - Variable Costing

<em>Only consider the Variable Manufacturing Costs</em>

Cost per unit - Variable Costing = $16.75

Cost per unit - Absorption Costing

<em>Consider Both Variable and Fixed Manufacturing Costs</em>

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3 years ago

The capital allocation line can be described as the:.

juin [17]

Answer:

What Is the Capital Allocation Line (CAL)? The capital allocation line (CAL), also known as the capital market link (CML), is a line created on a graph of all possible combinations of risk-free and risky assets. The graph displays the return investors might possibly earn by assuming a certain level of risk with their investment.

Explanation:

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3 years ago

A monopoly produces X at a marginal cost of $10 per unit and charges a price of $20 per unit. Determine the elasticity of demand

irina [24]

Answer:

-2

Explanation:

To solve this question we can use Lerner's equation or Lerner's index which gives the relationship between elasticity of demand and profit maximizing cost and marginal cost:

$Lerner's\, Index=\frac{P-Mg\,Cost}{P}=\frac{1}{|\eta_d|}$

Replacing $\frac{20-10}{20}=\frac{10}{20}=\frac{1}{2}$

Then we get that the elasticity of demand is $\eta_d=-2$

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4 years ago

Entity B bought equipment for $240,000 on January 1, 2021. It estimated the useful life to be 3 years with no salvage value, and

mezya [45]

Answer:

Part 1

Revised depreciation expense = $32,000

Part 2

The entry to record depreciation expense :

Debit : Depreciation Expense $32,000

Credit : Accumulated Depreciation $32,000

Explanation:

Straight line method charges a fixed depreciation charge over the year of use of an asset.

<em>Depreciation expense = (Cost - Salvage Value) ÷ Estimated Useful Life</em>

2021

Depreciation expense = $80,000

2022

Old Depreciation expense = $80,000

New Depreciation expense = Depreciable Amount ÷ Remaining Useful Life

= ($240,000 - $80,000) ÷ 5

= $32,000

7 0

3 years ago

Casey earns $150 a week and consumes only fish and shrimp. The price of fish is $3 a pound and the price of shrimp is $5 a pound

iris [78.8K]

Answer:

Casey can buy 50 pound of fish and 30 pounds of shrimp.

Explanation:

you divide 150 by 3 and you get 50. For shrimp you divide 150 by 5 and you get 30.

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4 years ago