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3 years ago

What type of policy would offer a 40-year old the quickest accumulation of cash value?

1 answer:

6 0

The type of policy that one would offer to a forty year old individual in having to provide the quickest accumulation of the cash value is the twenty pay life. This is a policy of having to pay payments in a period of twenty years in which the individual will be secured with life insurance.

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Compute the Cost of Goods Sold for 2016 using the following information: Direct Materials, Jan. 1, 2016$50,000 Work-in-Process,

fiasKO [112]

Answer:

COGS= $154,500

Explanation:

<u>First, we need to calculate the cost of goods manufactured:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 50,000 + 95,000 - 63,000= $82,000

cost of goods manufactured= 74,500 + 82,000 + 58,500 + 79,500 - 107,000

cost of goods manufactured= $187,500

<u>Now, the cost of goods sold:</u>

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 125,000 + 187,500 - 158,000

COGS= $154,500

3 0

3 years ago

If a bank depositor withdraws $1000 of currency from an account, what happens to bank reserves, checkable deposits, and the mone

shusha [124]

Answer:

a) reserves fall by $1,000, checkable deposits fall by $10,000, and the monetary base remains unchanged

Explanation:

The bank reserves will decrease by the same amount that the client withdrew from the bank, in this case $1,000.

Since the required reserve ratio for checkable deposits is 10%, then the checkable deposits will decrease by 10 times the amount withdrawn from the bank ($1,000 x 10 = $10,000).

The monetary base remains unchanged since the money is still out there in the economy, it only changed from being in the bank to being in the client's pocket.

6 0

3 years ago

Devin is preparing a Works Cited list. He has two articles by the same author.

Ksivusya [100]

Answer:

answer is

put those two articles in to alphabetical order according to their titles

Explanation:

8 0

3 years ago

If a Starbucks tall latte cost $3.20 in the United States and 3 euros in the Euro area, then purchasing-power parity implies the

Nataliya [291]

Answer:

a. .938 If the exchange rate is less than this, it costs more dollars to buy a tall latte in the U.S. than in the Euro area.

Explanation:

We can see in the example that the Euro is cheaper than the dollar in purchasing-power parity. More specifically, the exchange rate is .938 euros per dollar.

This is why it is more expensive to buy a tall latte in the U.S. than in Europe. The Euro is cheaper.

5 0

3 years ago

Bill Buckely has split-limit 50/100/20 automobile liability insurance on his 2012 Subaru. Driving home from work in a snowst

iren2701 [21]

Answer: The answer is given below

Explanation:

It should be noted that the split limits approach is used by several auto insurance policies and this simply combines per person and occurrence approach.

For every accident, three dollars amount are being applied. The first limit is simply a per person limit which is the maximum amount that one injured person will get. The second limit is simply the per occurrence limit which is the maximum amount that all the injured persons will get while the third limit applies during the claim of property damage as it is the maximum amount that will be paid for damages by an insurer to property that results from the accident.

since the split is 50/100/20, it implies that $50,000 medical coverage for every injured person, $100,000 injury coverage for all accident victims and then $20,000 for property damage.

1. Bill's insurance company will pay $20000.

2. Amount Bill will pay:

= $17,603 + $3,136 + $9,659 - $20,000

= $30,398 - $20,000

= $10,398

7 0

3 years ago