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mezya [45]
3 years ago
10

Nick purchased a $100,000 participating whole-life insurance policy on his life. To date, he has paid $50,000 in total premiumsa

nd received $10,000 in dividends. The policy currently has a net cash value of $15,000 and is subject to a $30,000 outstanding loan. If Nick decides to surrender the policy, he would realize a gain of:
A. $0
B. $5,000
C. $10,000
D. 15,000
Business
1 answer:
gogolik [260]3 years ago
6 0

Answer:

correct option is A. $0

Explanation:

given data

purchased = $100,000

paid =  $50,000

dividend received = $10,000  

net cash value = $15,000

outstanding loan = $30,000

solution

as there will be  no gain on surrender of a whole life insurance policy.

as we get taxable income gain that is

taxable income gain = cash value + outstanding loan + dividends

- premiums   ..................1

taxable income gain = 15,000  + 30,000 + 10,000  - 50000

taxable income gain = -5000

so gain is zero

so correct option is A. $0

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Answer:

The answers are:

A) 100,000 layer 1 supervisors; 10,000 layer 2 supervisors; 1,000 layer 3 supervisors; 100 layer 4 supervisors; 10 layer 5 supervisors; and 1 President

B) Including the President there are 111,111 supervisors

C) Including the federal workers at the bottom, there are 7 layers of federal employees

D) Including the President, the total amount of federal employees is 1,111,111 people

E)Almost 10%, the actual number is 9.999991%

Explanation:

The federal bureaucratic pyramid would be like this:

Layer 6 supervisor:                                                   1 president

Layer 5 supervisors:                                               10 people

Layer 4 supervisors:                                             100 people

Layer 3 supervisors:                                          1,000 people

Layer 2 supervisors:                                       10,000 people

Layer 1 supervisors:                                      100,000 people

The base of the pyramid (only workers): 1,000,000 people

3 0
3 years ago
Which of the following is a correct description of the crowding-out effect of deficit spending?
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Answer:

the options are missing, so I looked for them:

a. The buying of government bonds leads to lower interest rates, thereby reducing private investment.

b. The selling of government bonds leads to higher interest rates, thereby reducing private investment.

c. The selling of government bonds leads to lower interest rates, thereby reducing private investment.

d. The buying of government bonds leads to higher interest rates, thereby reducing private investment.

the answer is:

b. The selling of government bonds leads to higher interest rates, thereby reducing private investment.

Explanation:

The crowding out effect happens when the government increases its spending level in order to engage in an expansionary fiscal policy but someone needs to pay for this extra spending. In order for the government to finance their spending, they have to choose to either increase taxes or issue more debt. When they issue more debt, they end up decreasing private investment since money that could be used by private companies is used by the government instead.  

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Answer:

Dressing well, being prepared, having a positive attitude, arriving early for work and asking good questions.

Explanation:

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3 years ago
Logan, an employee of Argon Industries, earned a salary of $60,000 in year 2. In addition, the following two transactions betwee
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Answer:

$88,000

Explanation:

Calculation to determine What amount of compensation should Argon report in Logan's Form W-2 for year 2

First step is to determine the bargain element

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Now let determine the amount of compensation

Using this formula

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Let plug in the formula

Compensation=$60,000+$13,000+($100 shares*$15 per share)

Compensation=$60,000+$13,000+$15,000

Compensation=$88,000

Therefore the amount of compensation that Argon should report in Logan's Form W-2 for year 2 $88,000

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What is the most likely reason banks offer personal financial planning services?
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Explanation: I found it on Quizlet

8 0
3 years ago
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