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4 years ago

What is the purpose of life insurance? do you think everyone needs life insurance? explain?

2 answers:

6 0

The purpose of life insurance is to create an estate with a lump some of money when it is needed. Life insurance death benefits provide tax free money to be used after a family member or business owner dies.

Not everyone needs life insurance because not everyone has liabilities at death. In other words, life insurance is primarily used to pay off debts when someone passes away. If an individual has no debts or expenses, then they would not need to have life insurance.

mars1129 [50]4 years ago

5 0

<span>The purpose of life insurance is to deter some of the costs associated with debt and death. For example, someone may die with 20,000 dollars in credit card debt. On top of that, the cost of funeral and other death related expenses may be 15,000 dollars. So this persons family may be left to come up with 35,000 dollars in money to cover the deads expenses. Most people cannot afford this. This is the value of life insurance. I do feel like everyone should have life insurance, but most people think they cannot afford it.</span>

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Which of the following scenarios is an example of monopolistic competition?

daser333 [38]

B.
The bus company has monopoly over the bus service in the town because it has no competitors.

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3 years ago

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Christie, a marketing executive who was born in 1955, advocated that her company focus on a print campaign for its new line of l

Gemiola [76]

Answer:

The correct answer is the option C: Baby Boomer.

Explanation:

To begin with, the term<em> ''baby boomer''</em> refers to the demographic cohort regarding the generation of people born in the period called ''baby boom'', that occured in some was after the Second World War and comprehends the years between 1946 until 1964. Moreover, the main characteristic of this period was that around 76 million babies were born in America and that an excessive consumerism began to spread.

To continue, the action that Christie advocates is very common to a person of the baby boom generation due to the fact that those people born and grew in times that there was no internet and therefore they tend to give no importance to the online ads and stuff like that.

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4 years ago

Suppose two cities are considering tearing down their stadiums to build new ones. In one city, the old stadium cost $5 million t

timofeeve [1]

Answer:

These are the options for the question:

A. They should be more willing to tear down the $5 million stadium, because it cost less to build.

B. They should be more willing to tear down the $50 million stadium, because it cost more to build.

C. The cost to build the old stadium shouldn’t be considered.

And this is the correct answer:

A. They should be more willing to tear down the $5 million stadium, because it cost less to build.

Explanation:

City A will likely be more willing to tear down its old stadium because it costed $5 million to build. City B, on the other hand, will have to think twice because a stadium that costed $50 billion to build could have more value than it seems, or the City could simply not have enough money to build a better new stadium (something that would probably cost more than $50 billion to do).

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4 years ago

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Suppose you borrow $10,000 right now to start a business. If the terms of the loan require you to pay back $16,000 in 5 years, w

Alexxandr [17]

Answer:

r = 9.86%

Explanation:

The formula for calculating the future value of an invested amount yielding a compound interest is given by:

$FV=PV(1+\frac{r}{n})^{nt}$

where:

FV = future value = $16,000

PV = present value = $10,000

r = interest rate = ?

n = number of compounding period per year = 1

t = time in years = 5

∴ $16000=10000(1+\frac{r}{1})^{5}$

dividing both sides by 10,000

$\frac{16000}{10000} =\frac{10000(1+\frac{r}{1})^{5}}{10000}$

$1.6 = (1 + r)^{5}$

to remove the power of 5, we have to take the 5th root of both sides:

$(1.6)^{1/5} = (1 + r )^{5 * 1/5}$

Using your calculator:

1.09856 = 1 + r

∴ r = 1.09856 - 1 = 0.09856

r = 0.0986 = 9.86%

∴ r = 9.86%

8 0

3 years ago

The current asset section of Stibbe Pharmaceutical Company’s balance sheet included cash of $34,000 and accounts receivable of $

Alexxandr [17]

Answer:

Ending balance in inventory= $22,000

Current liabilities= $88,000

Explanation:

The current assets section of stibblr pharmaceutical company included cash of $34,000 and accounts receivables of $54,000

The company's current ratio is 2.5

The acid test ratio is 2.0

Acid test ratio = cash + account receivables /current liabilities

2.0= ($34,000+$54,000)/current liabilities

2.0= 88,000/current liabilities

Current liabilities = 88,000/2

= $44,000

Current ratio= cash + account account receivables + inventory /current liabilities

2.5= $34,000+$54,000 + inventory/$44,000

2.5= $88,000+Inventory /44,000

2.5×44,000= 88,000 + inventory

110,000= 88,000 + Inventory

Inventory = $110,000-88,000

= $22,000

Hence the current liabilities is $88,000 and inventory is $22,000

3 0

4 years ago

What is the purpose of life​ insurance? do you think everyone needs life​ insurance? explain?

What is the purpose of life insurance? do you think everyone needs life insurance? explain?