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Maslowich
3 years ago
6

Frank keating has a life insurance policy that can be exchanged for a whole life policy without a medical examination. once it h

as been exchanged, the premiums will increase. what type of term life insurance does frank likely have?
Business
1 answer:
Alenkasestr [34]3 years ago
8 0

The answer to this question is Convertible Term Insurance. Convertible Term Insurance is a type of insurance where in the policy holder can change a term policy for a whole policy without doing the medical examination that is required to new application of plans. Term insurances is an insurance that has a limited coverage period but it can be renewed and can be convertible to permanent life insurance when the plan is already matured.

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Pellew Corp. paid $600,000 for all of the outstanding common stock of Samos Co. in a business combination initiated and complete
andrezito [222]

Answer:

$40,000

Explanation:

The computation of the goodwill amount is shown below:

= Paid amount + liabilities - current assets - plant and equipment - carrying amount value

= $600,000 + $400,000 - $80,000 - $760,000 - $120,000

= $40,000

This $40,000 indicated the goodwill amount reported in its  consolidated balance sheet

All other information which is given is not relevant. Hence, ignored it

5 0
3 years ago
A company offering a back-to-school special on manicure/pedicure package is an example of them selling a/an:
stiks02 [169]
B because they are basically giving back too the community or back too the school
6 0
3 years ago
Which of the following is a potential safety hazard?
maxonik [38]

Umm... I can't find the choices... So, those are the choices I made up that are correct to your question.


  • Spills covering grounds or falling hazards, such as blocked paths or cords going over the ground.
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6 0
3 years ago
Read 2 more answers
Monsters Incorporated (MI) in ready to launch a new product. Depending upon the success of this product, MI will have a value of
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7 0
4 years ago
g Skysong, Inc. lends Concord industries $40800 on August 1, 2022, accepting a 9-month, 9% interest note. If Skysong, Inc. accru
nirvana33 [79]

Answer:

May 1 2022  Cash                         435540 Dr    

                         Notes Receivable       408000 Cr

                         Interest Revenue          12240 Cr

                        Interest Receivable        15300 Cr

Explanation:

The interest revenue for 5 months was already recorded on 31 december against an interest receivable account that has a balance of 5 months of interest due.

The interest on note for 9 month period is = 408000 * 0.09 * 9/12 = $27540

The 5 month interest recorded on 31 december is 408000 * 0.09 * 5/12 = 15300

Thus, the interest revenue to be recorded on May 1 will be 4 months interest that is 27540 - 15300 = 12240

4 0
3 years ago
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