1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Scorpion4ik [409]
3 years ago
13

Andrea and Phillip have been married for two years when they walk into the local State Farm agent's office. They see a banner (w

ith lots of fine print at the bottom) advertising a new life insurance policy for only $0.98 per thousand. Upon reading the fine print, they discover that the value of this policy is $350,000. If they qualified for this special life insurance promotion, what would their annual premium cost?
Business
1 answer:
Amanda [17]3 years ago
5 0

Answer:

$343

Explanation:

Andrea and Phillip's annual premium cost can be calculated using the cost per thousand formula:

cost per thousand = annual premium / thousands of coverage

  • cost per thousand = $0.98
  • thousands of coverage = $350,000 / $1,000 = 350

$0.98 = annual premium / 350

annual premium = $0.98 x 350 = $343

You might be interested in
George Washburn had earnings from his salary of $34,000, interest on savings of $800, a contribution to a traditional individual
elena-s [515]

Answer:

$33,900 (none of the options given in the question are correct).

Explanation:

George's adjusted gross income (AGI) will include his personal earnings from his salary, the interest that he has earned from savings, and the dividends that he got from mutual funds, but it will not include his contribution to his individual retirement account, because individual retirement accounts are not included in AGI.

Therefore, George's AGI is equal to:

$34,000 + $800 + $600 - $1,500 = $33.900

4 0
3 years ago
What is the MOST important item to disclose to a customer who invests in a fund of hedge funds?
sergejj [24]

Answer:

<u>A. The illiquidity of the investment</u>

<u>Explanation:</u>

This rightly could be considered as the MOST important item to disclose to a customer who invests in a fund of hedge funds. Let's imagine a customer who invests in a hedge fund and a few days later feels he could take back out from his investment, only to learn about the illiquid nature of hedge fund investment.

For clarity, to say that<em> hedge funds are illiquid means that they require all investors to keep their money in the fund for at least one year, </em>often called the lock-up period. With certain limitations on withdrawals.

5 0
3 years ago
A subsidiary has previously unreported brand names valued at $50 million at the date of acquisition. The brand names have an ind
Damm [24]

Answer:

$38 million.

Explanation:

From the question, we are given the following data or information;

A subsidiary has previously unreported brand names valued = $50 million at the date of acquisition.

Impairment testing reveals that the brand names were impaired by $5 million in the first year.

Impairment testing reveals that the brand names were impaired by $7 million in the second year.

Therefore, Eliminating entry (E) will include a(n):

=> $(50 - 5 - 7) million = $38 million.

4 0
2 years ago
Hank’s Tax Planning Service bought computer equipment for $19,200 on January 1, 2012. It has an estimated useful life of 4 years
Olegator [25]

Answer:

2. $3600

Explanation:

The computation of the depreciation expense under the Straight-line method: is shown below:

= (Purchase value of computer equipment - residual value) ÷ (estimated useful life)

= ($19,200 - $0) ÷ (4 years)

= ($19,200) ÷ (4 years)  

= $4,800

The depreciation that is calculated above is on yearly basis. But on monthly basis, the depreciation should be calculated from January 1, 2012 to September 30, 2012 i.e for 9 months

So, the depreciation would be

=  $4,800 × 9 months ÷ 12 months

= $3,600

We assume the deprecation is calculated on the straight-line method

3 0
2 years ago
Three factors that must be noted about each and every pulse are
babunello [35]
These three factors are Rate, rythm and volume of the pulse. The pulse can be taken in different regions of the body: .temporal area, <span>carotid area, brachial area, radial area, femoral area, popliteal area and dorsalis pedis. We need to remember that the normal pulse range in adults is </span><span>60-100 beats per minute. </span>
5 0
2 years ago
Other questions:
  • Wind Turbines and solar panels are examples of? Conversation technologies. Advanced technologies green technologies smart techno
    9·1 answer
  • A company pays $1,900 for supplies previously purchased on account. Indicate the amount of increases and decreases in the accoun
    12·1 answer
  • With increased economic progress, cultures across the world seem to be moving toward some universally accepted values and norms.
    6·1 answer
  • A seller hired broker N under the terms of an open listing. While that listing was still in effect, the seller without informing
    8·1 answer
  • The U.S. Securities and Exchange Commission periodically charges individuals with insider trading and claims those individuals h
    8·1 answer
  • A law firm billed a client $1,800 for entries will the firm make to record this transaction? work performed in the current month
    6·1 answer
  • 40 points Write a short note discussing how social factors affect economic and political systems
    14·1 answer
  • On October 10, the stockholders’ equity of Sherman Systems appears as follows.
    7·1 answer
  • Saint John Industries uses the percentage of credit sales method to estimate Bad Debt Expense. The company reported net credit s
    5·1 answer
  • The NASAA Statement of Policy on Dishonest or Unethical Business Practices of Broker-Dealers and Agents includes prohibitions ag
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!