3 years ago

What type of life insurance are credit policies issued as?

1 answer:

6 0

They are considered decreasing term policies. In these policies, the benefits usually decrease over the life of the policy: that is, the closer one gets to the end of the policy term, the less the benefit will typically be. At the end of the term, there is no option to renew for the same premiums, and the policy simply expires.

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A $1,000 bond quoted at _____ would be purchased or sold at a discount.

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A $1000 bond quoted at 98 would be purchased or sold at a discount

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2 years ago

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Last year, Cayman Corporation had sales of $7,000,000, total variable costs of $3,000,000, and total fixed costs of $1,500,000.

UNO [17]

Answer:

b. 13.9%

Explanation:

sales 7,000,000

variable cost (3,000,000)

contribution 4,000,000

fixed cost (1,500,000)

interest (480,000)

EBT 2,020,000

tax expense (707,000)

net income 1,313,000

contribution margin 4,000,000 / 7,000,000 = 4/7

if sales increase by 7%:

7,000,000 x 0.07 x 4/7 x (1- 0.35) = 182,000

income after increase in sales: 1,313,000 + 182,000 = 1,495,000

increase in earnings: 1,495,000 / 1,313,000 - 1 = 0.138613861 = 13.9%

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3 years ago

One role of environmental science in the society

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To study and better the enviorment

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3 years ago

Which savings plan typically offers the highest rate of interest but the least flexibility?

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The answer to this question is A

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3 years ago

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Suppose Nicholas owns a business making Christmas tree ornaments. Currently, he makes 300 ornaments a month. At this level of pr

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Solution and Explanation:

1. MC = Cost of raw material + Cost of time

MC = 5 plus (10 divide by 2)

MC = $10

2. TFC = $300

Q = 300 , AFC = TFC/Q = 300 divide by 300 = $1

3. His profit maximizing output would be higher

Reason: P = MR = $15 , MC = $10

Since MR > MC, and at the profit maximizing point MR = MC, it is better for Nicholas to increase his output.

4. His profit maximizing output would be higher

Reason: P = MR = $15 , MC = $4 + $5 = $9

Since MR > MC, and at the profit maximizing point MR = MC, it is better for Nicholas to increase his output.

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3 years ago