3 years ago

What type of life insurance are credit policies issued as?

1 answer:

6 0

<span>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.</span>

You might be interested in

Government policies, access to resources, and social attitudes can either support or hinder a culture of entrepreneurship. Categ

babymother [125]

Answer:

fudueeuejejejejeje

Explanation:

ghfhfhdrrudhfhcjcjcjf

6 0

2 years ago

Marci Luner is going over the finances of her clothing boutique firm. If her firm has a net income of $131,000 and net sales of

MaRussiya [10]

Answer: The profit margin is 22.35 %

Explanation: The formula for profit margin is net profit/ income ÷ net sales.

As such, the profit margin is (131000 ÷ 586000) x 100 = 0.2235 * 100 = 22.35 %

6 0

2 years ago

Use the cost information below for Ruiz Inc. to determine the total manufacturing costs incurred during the year: Work in Proces

ValentinkaMS [17]

Answer:

$48,100

Explanation:

Computation of total manufacturing cost incurred during the year is seen below;

Direct materials used

$13,700

Direct labor used

$27,700

Total factory overhead

$6,700

Total manufacturing cost incurred

$48,100

Therefore, the total manufacturing cost incurred during the year is $48,100

6 0

2 years ago

Assume that Simple Co. had credit sales of $250,000 and cost of goods sold of $150,000 for the period. It estimates that 1 perce

Dahasolnce [82]

Answer:

A. Debit: Bad Debt Expense 2,500

Credit: Allowance for Doubtful Accounts 2,500

250,000 x .01 = 2,500

B. Debit: Bad Debt Expense 2,750

Credit: Allowance for Doubtful Accounts 2,750

3,000 - 250 = 2,750

8 0

2 years ago

When Elizabeth was asked to be the after-dinner speaker for the senior honors dinner, she responded with great enthusiasm. She v

Helga [31]

D. To entertain. Elizabeth wants to help them enjoy themselves and also wants them to reflect on the past years

3 0

3 years ago