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3 years ago

The person who receives financial protection from a life insurance plan is called

1 answer:

4 0

The person who receives financial protection from a life insurance plan is called a Beneficiary. The other side is the policy owner. he beneficiary is usually selected at the time of the policy inception by the owner of the contract.Beneficiary Order , Beneficiary Changeability and Beneficiary Legal Type are the three types of Beneficiaries for Life Insurance.

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What foxes favorite candy? A.mints B.skittles C.M&M D.idk

maks197457 [2]

Answer:

a.mint

Explanation:

7 0

3 years ago

Read 2 more answers

Limerick, Inc. has budgeted total sales for January, February, and March of $800,000, $900,000, and $950,000 respectively. Cash

Naya [18.7K]

Answer:

$905,000

Explanation:

February Collection will be as follows :

<em>February Collection = Cash Sales + Credit Sales </em>

= $900,000 x 25 % + $900,000 x 40 % + $800,000 x 60 %

= $905,000

the amount of cash received from sales during the month of February is $905,000.

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3 years ago

Mandesa, Inc. has current liabilities of $9,500,000, current ratio of 2.0 times, inventory turnover of 12 times, average collect

Ksivusya [100]

Answer:

$5,569,634

Explanation:

Current ratio = current assets = 2× $9,500,000= $19,000,000

Inventory turnover = 12 times = $65,000,000÷ 12= $ 5,416,667

Average collection period (APC) = 45 days = account receivable × 365 days

=> Account receivable = (45 × $65,000,000 )÷ 365 days = $8,013,699

=> cash and marketable securities =$ 19,000,000 - $5,416,667- $8,013,699 = $5,569,634

3 0

3 years ago

Read 2 more answers

"carrie bought a house five years ago for $150,000. at that time she borrowed $140,000 from her bank. the house is now worth $16

vesna_86 [32]

Answer: PMI will automatically be dropped when the balance reaches $117,000.

Explanation: PMI stands for private mortgage insurance. This is an insurance policy that banks often require lenders to have when they do not have a 20% down payment on a new home.

PMI is automatically dropped with the amount of the mortgage due is reduced to 78% of the original appraised value of the home. In this case, the home was originally purchased for $150,000. 78% x 150,000 = $117,000. When the loan reaches $117,000 the pmi will automatically be dropped.

7 0

3 years ago

Sheldon just joined a new gym and signed up for a one-year membership. Membership fees can be paid in 12 monthly payments of $60

mestny [16]

Answer: $688.17

Explanation:

He has to pay $60 every month on the first day or a lump sum.

The lump sum will be the present value of monthly payments.

This is a stable Cashflow and so is an Annuity and because it is done on the first day of the month it is an Annuity due.

Calculating present value of annuity due is;

= Annuity + Annuity (( 1 - ( 1 + r) ^ -(n - 1)) / r)

= 60 + 60 (( 1 - ( 1 + 0.833%)-¹¹) / 0.833%) )

=60 + 60* 10.4695

= $688.17

Note: interest rate must be divided into 12 to make it monthly rate.

=10%/12

= 0.833%

4 0

3 years ago