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FromTheMoon [43]
2 years ago
11

Which rule would apply if an agent knows an applicant is going to cash in an old policy and use the funds to purchase new insura

nce?
Business
1 answer:
ELEN [110]2 years ago
5 0

Replacement rule would apply if an agent knows an applicant is going to cash in an old policy and use the funds to purchase new insurance.

Insurance refers to a type of risk management in which the insurer provides the insured with protection from risks of all kinds - financial, health, accidental, etc.

The insured is also called the policyholder, and he makes a payment called premium to be insured. If the specified event for which the insurance cover is provided takes place, the insurer is bound to compensate the insured financially.

A replacement rule delineates the process in which the premium payments on existing policy is discontinued or forfeited, and a new policy is purchased.

To learn more about the replacement rule: brainly.com/question/27922977

#SPJ4

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From the information available, which of the following
insens350 [35]

Answer:

Savannah, Julian and Cordell

Explanation:

Savannah's because it could help some people who dont have access to transportation to get to a dry cleaning shop. Julian because it could help kids learn to swim and reduce the risk of drowning. Cordell because his business could help parents who may not have a lot of money throw a decent party for their kids.

4 0
3 years ago
Read 2 more answers
Pepper Inc.’s common stock currently sells for $15.00 per share, the company expects to pay $1.925 dividend in the coming year a
dedylja [7]

Answer:

The correct answer is 0.78%.

Explanation:

According to the scenario, the computation of the given data are as follows:

First we calculate the retained earning cost, then

Cost of retained earning = Dividend ÷ Price + Growth

= (1.925 × 70%) ÷ 15 + 6%

= 1.3475 ÷ 15 + 0.06

= 0.1498 or 14.98%

Now, Cost of equity = (Dividend ÷ Price (1 - Flotation cost ) + Growth

= (1.925 × 70% ) ÷ 15 (1 - 0.08) + 0.06

= (1.3475 ÷ 13.8 ) + 0.06

= 0.1576 or 15.76%

So, Exceed amount = 15.76% - 14.98% = 0.78%

6 0
3 years ago
Ben owns investment A and 1 bond B. The total value of his holdings is $2,800. Bond B has a coupon rate of 8.80 percent, par val
NeTakaya

Answer:

Bond B

PV= ?

FV=$1000

YTM = 9.40/2=4.70

N=14*2= 28

PMT= 8.8%*1000/2=44

Put values in financial calculator

PV=$953.8

Price of Investment A= 2800-953.8=1846.2

Investment A = Perpetuity, formula for perpetuity is Present Value= Cash Flow/Interest Rate

1846.2=Cash flow/0.0791

Cash Flow= 1846.2 *0.0791

=$146.03

Explanation:

6 0
3 years ago
After being introduced to a higher-priced washing machine, the customer expresses a desire to purchase a lower-priced item. when
horrorfan [7]

Based on the scenario above, when this happens, the customer is likely to be engaging or to have a traded down. The trading down is being defined as having the quality of the product to be reduced in means of being able for the price to be suited for its consumers.

3 0
3 years ago
Sunlight Design Corporation sells glass vases at a wholesale price of $4.50 per unit. The variable cost to manufacture is $1.75
guapka [62]

Answer:

D) 5182 glass vases

Explanation:

<em>Contribution per glass vases:</em>

$4.5 selling price - $ 1.75 variable cost= 2.75

<em>Operating income:</em>

29,000 units x $ 2.75 - $ 8,500 = $71,250 operating income

<em>Target income is to obtain a 20% increase:</em>

71,250 x (1 + 20%) = 85,500 target income:

<em>units needed for target income:</em>

(85,500 target income + 8,500 fixed cost) / 2.75 contribution per unit= 34.181,81

aditional glass vases needed for target income:

34,182 - 29,000 = 5,182

3 0
2 years ago
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