All categories

3 years ago

An insurance policy written after 1988 that fails to pass the seven-pay test is known as

1 answer:

3 0

The answer to this question is a modified endowment contract. A modified endowment contract or MEC is a type of life insurance policy where in the policy/ insurance is being funded with more money or the insurance premium payment exceeds the amount allowed under the federal law. The modified endowment contracts are taxable.

You might be interested in

Casual Essentials, Inc. manufactures two types of team shirts, the Homerun and the Goalpost, with unit contribution margins of $

emmasim [6.3K]

Answer:

1. What is the contribution margin per hour of machine time for each type of team shirts?

Homerun =  $ 50

Goalpost = $30

2. What is the optimal mix of team shirts?

Homerun = 50,890

Goalpost = 3,822

3. What is the total contribution margin earned for the optimal mix?

Total contribution margin earned for the optimal mix = $311,780

Explanation:

1. Contribution margin per hour of machine time for each type of team shirts

Homerun

Contribution margin per hour of machine = $5 / (6/60)

= $ 50

Goalpost

Contribution margin per hour of machine = $15 / (30/60)

= $30

2. Optimal mix of team shirts

Determine if machine time is a limiting factor

Demanded Hours

Homerun 0.1 × 50,890 = 5,089

Goalpost 0.5 × 50,890 = 25445

Total Hours Demanded = 30,534

Available Hours

Available hours =1,000 hour × 7 machines

=7,000 hours

Demanded Hours > Available hours

Therefore machine time is a limiting factor

Determine Mix

Rank the T-Shirts based on contribution margin per hour of machine time

Position 1. Homerun = 5,089

Position 2. Goalpost = 1,911 (takes the remaining hours)

Number of T-Shirts (mix)

Homerun = 5,089 / 0.1 = 50,890

Goalpost = 1,911 / 0.5 = 3,822

3. The total contribution margin earned for the optimal mix

Homerun = 50,890 × $5 =254,450

Goalpost = 3,822 × $15 = 57,330

Total = 311,780

3 0

3 years ago

Benny asked his marketing team to research and collect data regarding the demographics of people residing in the state of Califo

anzhelika [568]

Answer:

C, Management Information System

Explanation:

5 0

3 years ago

What will be the resulting change in equilibrium of the chocolate bar market

myrzilka [38]

Equilibrium price will increase and quantity will decrease will be the resulting change in the equilibrium of the chocolate bar market.

The equilibrium charge is the rate at which the amount demanded equals the amount supplied. It's far decided through the intersection of the demand and deliver curves. A surplus exists if the amount of an excellent or carrier provided exceeds the amount demanded on the contemporary charge; it causes downward strain on the charge.

Equilibrium is the nation wherein market supply calls for balance every other, and as a result, costs come to be strong. Typically, an over-supply of goods or services causes expenses to move down, which results in a higher call for—while an underneath-deliver or shortage causes fees to head up resulting in less demand.

Upward shifts inside the supply and demand curves have an effect on the equilibrium rate and amount. If the deliver curve shifts upward, meaning deliver decreases however demand holds constant, the equilibrium rate will increase but the quantity falls.

Learn more about the Equilibrium price here brainly.com/question/26075805

#SPJ4

3 0

1 year ago

In year 1 the average price of X is $10, and in year 2 the average price of X is $23. If consumers buy more units of X in year 2

xeze [42]

Answer:

Explanation:

Normal goods are goods that are goods whose demand increases when income increases and falls when income falls

If good X is a normal good and the consumers income increases, the demand for good X would increase

It would have been that the Law of demand not supply that didn''t hold

according to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

8 0

2 years ago

Where do you get your information about the world from? Do you think you are getting a complete picture of the world and social

zaharov [31]

Internet more specifically Google. Yes to some extent because what you find on the internet you will not find if you watch the news. The more information you want the more you will need to look at the other resources.

3 0

2 years ago