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IgorC [24]
3 years ago
8

James Harmon is twenty-five when he takes out $40,000 of twenty-pay life insurance.

Business
2 answers:
Marysya12 [62]3 years ago
8 0

Answer:

Annual premium = $8,508.00  

Semiannual premium = $4,339.08  

Quarterly premium = $2,212.08  

Monthly premium = $765.72

Explanation:

Annual premium = $ 8,508.00  

=$40,000*21.27/100

=$ 8508.00  

Semiannual premium = $ 4,339.08  

=$ 8508.00*56/100

=$4,339.08  

Quarterly premium = $ 2,212.08  

=$ 8508.00*26/100

=$ 2,212.08  

Monthly premium = $765.72  

=$ 8508.00*9/100

=$ 765.72  

Semenov [28]3 years ago
4 0

21.27*40= Annual premium is 850.8 51% of 850.8 is 433.9 ---> semi annual his quarterly is 26% of 850.8 so 221.2 and finally his monthly premium is 9 percent of 850.8 so it's 76.57



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At December 31, Idaho Company had the following ending account balances:
telo118 [61]

Answer:

Balance of Stockholder's Equity at December 31 is $1,910,000.

Explanation:

This will appear as follows

Idaho Company

<u>Details                                                                         $      </u>

Stockholder's Equity:

Common Stock                                                       525,000

Preferred Stock                                                      500,000

Additional Paid-In Cap. - Common Stock             625,000

Additional Paid-In Cap. - Preferred Stock              50,000

Treasury Stock                                                        (40,000 )

Retained Earnings                                                <u>  250,000  </u>

Balance at December 31                                    <u>   1,910,000  </u>

5 0
3 years ago
Situation 1: A company offers a one-year warranty for the product that it manufactures. A history of warranty claims has been co
mr_godi [17]

Answer:

Please find the detailed explanation below.

Situation 1 and 2 have disclosure while situation 3 does not require any disclosure.

Explanation:

Situation 1. Accrual. The one-year warranty has created what is known as contingent liability. Contingent liability is a type of liability that is dependent on the outcome of some specific actions which has happened in the past. The eventual liability may or may not happen. But since the probable claim from the one-year warranty has been determined, it should be disclosed. But if the claim cannot be determined, it shouldn't be disclosed.

Situation 2. Since this contract happened before the issuance of financial statement and the amount of loss from this contract can be reasonably estimated or determined, then it must be disclosed and the likely amount must also be disclosed. This disclosure will be under 'note to the financial statement'.

Situation 3. This is a self insurance and self insurance is not an insurance. There is no contingent liability in this situation. Also, there is no accident, no injury. Hence, this is no disclosure here.

4 0
3 years ago
Classifying costs by behavior with changes in volume of activity involves: Multiple Choice Identifying fixed cost and variable c
Vadim26 [7]

Answer:

Identifying fixed cost and variable cost.

Explanation:

  • The behavior cost is those costs that will completely change when there are minute changes in the activity and includes the variable and the fixed costs and the semi-variable costs.  
  • As an example of the fixed cost is the insurance. While the variable cost is flour for the bakery that produces artisan bread. And that of the semi mixed cost is the cost of the bakery cost and the natural gas.
7 0
3 years ago
Ibarra Corporation uses the FIFO method in its process costing system.
Advocard [28]

Answer:

$5.70

Explanation:

The calculation of conversion costs for the month is given below:-

Units started to completed during the period = Units completed during the month - Units started during the month

= $104,000 - $16,400

= $87,600

So, to complete the started work in progress :-

The Conversion = $16,400 × (100% - 20%)

                          = $13,120

Units started to completed during the period $87,600

And, the ending work in progress

For Conversion = $13,400 × 30%

                          = $4,020

Therefore, the Equivalent production of units is

= $87,600 + $13,120 + $4,020

= $104,740

So, The cost of per per equivalent unit is

= Cost added during the period ÷ Equivalent units of production

= $597,123 ÷ $104,740

= $5.70

7 0
3 years ago
Please answer the following question:
Elza [17]

Answer:

The response options are:

a) The chances are high that your decision will be biased, especially because the current problem is complex and past patterns will be an inaccurate guide.

b) You will make a decision that is about 80 percent accurate, which is good enough to meet your objectives given the time and information at your disposal."

c) You will rate all alternatives against known criteria and choose the course of action that will maximize return to the organization.

d) Your decision will be based primarily on your preconceptions about social media, what you learn about social media as you begin your research, and Mi Ola's past experiences engaging with customers online.

The correct answer is: c) You will rate all alternatives against known criteria and choose the course of action that will maximize return to the organization.

Explanation:

The rational process for making decisions is a selection between two or more alternatives on some desire, need, object, etc. These decisions must always respond to a solution, if we apply it at an administrative level it can favor or harm the organization or company.

Rational models for decision making require a cognitive process where each step follows the next in a logical order.

As we have determined that this model is a process, it becomes clear that it must have a few steps to follow; Among those we find seven steps to know:

* Step 1: Definition and diagnosis of the problem: If administrators, teams or employees individually do not know the real problems and their possible causes, it is impossible for effective decision making. The definition and diagnosis of problems involves three conceptualization skills: perception, interpretation and incorporation.

* Step 2: Setting goals: Once individuals or teams have defined a problem, they can set specific goals for elimination.

* Step 3: Search for alternative solutions: Individuals or teams should look for alternative means to achieve a goal. This step could involve the search for additional information, creative reflection, expert consultation, research or similar actions.

* Step 4: Comparison and evaluation of alternative solutions: After individuals or teams have identified the alternative solutions, they should compare and evaluate them. This step highlights the expected results and the determination of the relative cost of each alternative.

* Step 5: Selection among alternative solutions: Decision making is usually associated with the making of a final choice. The selection of a solution, however, is just one more step in the rational decision-making process.

* Step 6: Implementation of the selected solution: The fact that the selection of a solution has been carried out correctly does not necessarily mean that its execution will be successful. A technically correct decision has to be accepted and supported by those who will be responsible for implementing it if it is indeed desired that the decision be effective. If the selected solution cannot be implemented for any reason, another should be considered.

* Step 7: Monitoring and control: The single implementation of the preferred solution does not automatically guarantee the fulfillment of the desired goal. Individuals or teams should monitor the implementation activities and maintain their monitoring by evaluating the results. If the implementation does not produce satisfactory results, corrective actions will be necessary.

7 0
3 years ago
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