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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

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2.5 Billion? Or 17.3 Million? <br> *Choose Wisely*
BartSMP [9]

Answer:

2.5 billion

Explanation:

because thats a big number

7 0
2 years ago
Read 2 more answers
Your boss is considering a 5-year investment project. If the project is accepted, it would require an immediate spending of $678
marusya05 [52]

Answer:

$50.47

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Cash flow in year 0 = - ($678 +  $58 ) = -736

Cash flow in year 1 - 4 = $173

Cash flow in year 5 = $173 + $144

I = 8.1

NPV = 50.47

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

7 0
3 years ago
The Conways received close to $40 million from the sale. However, shortly after the sale, the Conways regretted signing the non-
Lyrx [107]

Answer:

Incorrect

Explanation:

The Bard company has paid millions of dollar of consideration and requires that the Philip Conway Inc. would transfer the ownership of the RM Corporation to Bard. The court dismissed the case and said that the subsidiary is the property of Bard now because their was a flow of consideration from the part of Bard.

6 0
3 years ago
Exchange rate shifts that cause the Sing$ to be weaker versus than the Brazilian real:
Luden [163]

Answer:

make the export of footwear from Asia-Pacific plants to Latin America less competitive and give rise to negative/favorable exchange rate cost adjustments.

Explanation:

Exchange rate is defined as the rate at which one currency can be exchanged with another. It determines balance of trade, that is the amount of one countrie's goods that can be exchanged for another one's.

When exchange rate causes Sing$ to be weaker versus than the Brazilian real, it results in more of the Sing$ used to purchase one Brazilian Real.

Export of footwear from Asia-Pacific plants to Latin America will be more expensive, so it will be less competitive.

8 0
3 years ago
Sheaves, Inc., has sales of $50,000, costs of $23,000, depreciation expense of $2,250, and interest expense of $2,000.
Dominik [7]

Answer:

$21,767.50

Explanation:

<u>Computation table:</u>

<u>Particular                      Amount</u>

Sales                             $50,000

Less: Costs                   $23,000

<u>Less: Depreciation       $2,250</u>

<u>EBIT                              $24,750</u>

<u>Less: Interest               $2,000. </u>

<u>EBT                              $22,750</u>

<u>Less: Tax (23%)           $5,232.50 </u>

<u>Net Income              $17,517.50</u>

$24,750 + 2,250 -5,232.50

$21,767.50

6 0
3 years ago
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