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artcher [175]
3 years ago
7

Shelly is looking at the life insurance policies listed in the table below. Which insurance company provides the most coverage p

er dollar of premium? Annual Premium Policy Value Alvin's Insurance $350 $500,000 Daybreak Insurance $200 $300,000 Venus Insurance $250 $350,000 Zoro's Life & Casualty $225 $300,000 Select the best answer from the choices provided. A. Alvin's Insurance B. Daybreak Insurance C. Venus Insurance D. Zoro's Life & Casualty
Business
1 answer:
Olin [163]3 years ago
3 0

A looks like it would return the most money

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You purchased a share of SPCC for $100 and expect to receive a dividend of $5 in one year. If you expect the price after the div
Elenna [48]

Answer:

The answer is 15%

Explanation:

(P1 - Po) / Po + D

Where P1 is the price of the share at the end of the year

Po is the price of the share at the beginning of the year

D is the Dividend receceived

P1 is $110

Po is $100

And Dividend is 5%

($110 - $100) / $100 + 5 %

$10/100 + 5%

10% + 5%

= 15%

The total return will you have earned over the year for the purchase of a share of SPCC is 15%

3 0
3 years ago
Journalize the following transactions assuming a perpetual inventory system:
natulia [17]

Answer:

May 5

Merchandise Inventory $6,000 (debit)

Freight Charges $100 (debit)

Accounts Payable : Archie Co. $6,000 (credit)

Cash $100 (credit)

May 12

Accounts Payable : Archie Co. $2,500 (debit)

Merchandise Inventory $2,500 (credit))

May 14

Accounts Payable : Archie Co. $3,500 (debit)

Discount Received $70 (credit)

Cash $3,430 (credit)

Explanation:

May 5

Recognize the Assets of Merchandise and a Liability : Accounts Payable : Archie Co. as a result of purchase.

Also Recognize the Freight Expenses since this is a F.O.B delivery

May 12

De-recognize the Liability  : Accounts Payable -  Archie Co. and the Merchandise Inventory asset to the extend of Merchandise returned to Archie Co.

May 14

De-recognize the Liability  : Accounts Payable : Archie Co. of $3,500 and the Cash assets to the extend of Payment made  to Archie Co less cash discount of $3,430 .

5 0
3 years ago
The risk-free rate and the expected market rate of return are 0.06 and 0.12, respectively. According to the capital asset pricin
zavuch27 [327]

Answer:

<u>13.2%</u>

Explanation:

As per Capital Asset Pricing Model (CAPM),

Expected Rate Of Return = R_{f}  \ +\ B(R_{m} \ -\ R_{f} )

wherein, R_{f} = Risk free rate of return on treasury bonds

               B= Beta , which represents the degree of sensitivity of security return to the market return.

               R_{m} = Return on market portfolio

Thus, Expected rate of return of security X = 6 + 1.2(12 - 6)

                                                                        = 13.2%

CAPM model is used for calculating expected rate of return. As per the model, the investors expect a risk premium represented by excess of rate of return of market portfolio over risk free rate , in addition for the risk free rate of return.

The risk premium serves as a compensation for investing in risky securities instead of risk free securities.

5 0
3 years ago
Which of the following is considered a constructive delivery of a gift?
Hoochie [10]

Answer:

A) giving the key to a safe-deposit box where the gift is kept

Explanation:

  • A Constructive delivery possession is that acquisition when here a symbolic transfer of property. The constructive distribution of the possession is basically a right that the property is not actually managed
  • But the donor has done something to convey the possession, but the property is of such a nature that physical possession is then not possible, the creative possession of the property is sufficient to carry out the act of gift.
7 0
2 years ago
On January 1, Jamaica Company purchased equipment for $18,000. The estimated salvage value is $2,000 and the estimated useful li
Elanso [62]

Answer:

Depreciation expense on third year is $2,400

Explanation:

First, we must compute the depreciation expense for the first 2 years.

($18,000 - 2,000)/5years = $3,200 depreciation expense per year.

Second, let’s compute the net book value before the adjustment.

$3,200 x 2 years = $6,400 (total depreciation for 2 years)

$18,000 - $6,400 = $11,600 (Net book value before adjustment)

Finally we can now compute the Depreciation expense on the third year.

($11,600 - $2,000) / 3+1

$9,600/4 = $2,400 (new depreciation expense on third year)

8 0
3 years ago
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