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3 years ago

A guaranteed renewable disability insurance policy:________.

Business

1 answer:

lorasvet [3.4K]3 years ago

5 0

Answer:

D. Is renewable at the insured's option to a specified age.

Explanation:

Guaranteed renewable disability insurance policy grants the right to proceed with a policy normally up to a specified age If the customer is paying the premium on time. Although the insurance provider is not subject to change the policy benefits or specifications, they can modify the policy premium. Guaranteed renewable policies would not terminate with a disability claim, though as far as premiums are charged in full, the insurer is obligated to keep providing cover.

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Murphy's, Inc., has 85,000 shares of stock outstanding with a par value of $1 per share. The market value is $12 per share. The

nexus9112 [7]

Answer:

The correct answer is $177,955.

Explanation:

According to the scenario, the computation of the given data are as follows:

Capital in excess of par account = $74,500

Common stock = $85,000

Retained earning = $141,500

So, we can calculate the balance in the capital in excess of par account be after the dividend by using following formula:

Capital after Dividend = Balance sheet amount of Capital + ( Issued additional share × Capital in excess of par per share )

Where,

Issued additional share = 11% × $85,500 = 9,405

And Capital in excess of par per share = $12 - $1 = $11

By putting the value, we get

Capital after dividend = $74,500 + ( 9,405 × $11)

= $74,500 + $103,455

= $177,955

8 0

3 years ago

All of the following statements regarding accounting treatments for liabilities under U.S. GAAP and IFRS are true except:_______

mihalych1998 [28]

Answer:

A) Accounting for bonds and notes under US GAAP and IFRS is similar.

Explanation:

US GAAP and IFRS do not have the same accounting guideline for bond issue cost:

Under US GAAP, bonds payable is recorded at face value while premiums or discounts are recorded separately. While under IFRS, bonds payable is recorded using the carrying value, and amortization or premiums or discounts is done by using the effective-interest method.

5 0

3 years ago

Aisha is an employee at Bento Food Mart. Aisha is called for jury duty and as a result cannot work her scheduled shift. Bento fi

makkiz [27]

Option a, With respect to the employment-at-will doctrine, this is an example of the doctrine .

<u>Explanation: </u>

Under labor law reintegration applies to the reinstatement of the employee into a position he has quit without losing seniority or other benefits. Typically required, along with the severance pay, under unfair situations, by an organization such as the National Labor Relations Board or the judiciary

Reinstatement is open for those who have served a government job or work position in the past. The reinstallation privilege does not; however ensure an offer to work.

A legal doctrine is a history, a set of rules, practices, or measures which are often laid down in common law by precedent, by which rulings in a particular legal case can be made.

4 0

3 years ago

Last year Harrington Inc. had sales of $325,000 and a net income of $19,000, and its year-end assets were $250,000. The firm’s t

posledela

Answer:

Based on the DuPont equation and given information, ROE of Harrington Inc is 13.818%.

Explanation:

We have to find the total equity and total debt of Harrington Inc in order to apply the DuPont equation for finding ROE because net income, sales of Harrington Inc. are already given.

- To find Harrington Inc's total debt, apply the Debt-to-capital formula: The Harrington Inc's total debt/The Harrington Inc's total capital = 45% => Harrington Inc's total debt = The Harrington Inc's total capital * 45% = $250,000 x 45% = $112,500;

- To find Harrington Inc's total equity, apply the accounting equation Asset = Liabilities + Owner's Equity: The Harrington Inc's total equity = The Harrington Inc's total asset - The Harrington Inc's total debt = $250,000 - $112,500 = $137,500;

- Using the Dupont equation, calculate the ROE as followed:

(NI/Sales)* (Sales/ Total assets) * (Total assets/ Total common equity) = (19,000/325,000) * ( 325,000/ 250,000) * (250,000/137,500) = 13.818%.

- Thus, the ROE = 13.818%.

5 0

4 years ago

Who is better off: a person using credit cards or a person refraining from any loans?

PIT_PIT [208]

<span>Who is better off: a person using credit cards or a person refraining from any loans? A person using credit cards is better off </span>from a person refraining from any loans. A person using credit can often purchase more and have more flexibility with their money over someone who only uses cash. There are items and services that do not take cash as a form of payment, so without a credit card the person can not make the purchase.

3 0

4 years ago