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Nostrana [21]
3 years ago
12

A participating life insurance policy has a long-term care rider. The insured qualifies for the benefit. Where does the initial

benefit money come from?
Business
1 answer:
harina [27]3 years ago
3 0

Answer:

It is an advance of the face amount of the policy

Explanation:

The life insurance policy with an added long-term care rider is a policy that suits people who prefers lifetime care benefits. This policy provides an amount (benefit) of the death benefit to pay for some long-term care expenses covered in the policy at any point in time the policyholder requires care. It is important to note that this benefit is simply an advance of the policy's face amount.

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A company purchases merchandise with a catalog price of $30,000. The company receives a 40% trade discount from the seller. The
Svet_ta [14]

Answer:

$17,820

Explanation:

Data provided in the question:

Catalog price of the merchandise = $30,000

Trade discount received = 40%

The amount of discount received = 40% of $30,000

= 0.4 × $30,000

= $12,000

Therefore,

Cost of Merchandise = Catalog price - Discount

= $30,000 - $12,000

= $18,000

also,

credit terms = 1/10, n/30

since, the payment was made within the discount period

1% of discount will be provided

thus,

amount of discount = 1% of cost of merchandise

= 0.01 × $18,000

= $180

hence,

Net cost of the merchandise

= Cost of merchandise - Discount on credit terms

= $18,000 - $180

= $17,820

3 0
3 years ago
________ staffing policy can be expensive to implement because training and relocation costs increase when transferring managers
BlackZzzverrR [31]

Answer:

The correct answer is A geocentric.

Explanation:

According to Simon L. Dolan in his book "Human Resource Management", there are four approaches to international human resource management:

  • Ethnocentric approach: According to this, the headquarters controls the human resources activities, and it is the expatriates from the country of origin who run the subsidiaries.
  • Polycentric approach: Each country is treated as an independent entity, in which some decisions are made locally.
  • Regiocentric approach: staff can be promoted within a region, but usually never to headquarters.
  • Geocentric approach: A transnational philosophy is adopted, seeking personnel with the highest qualification regardless of their nationality.

The process of expatriation of employees constitutes one of the greatest challenges that the organization faces throughout the process.

8 0
3 years ago
Consider two bonds, a 3-year bond paying an annual coupon of 5% and a 10-year bond also with an annual coupon of 5%. Both curren
Schach [20]

Answer:

Bond Price = $875.6574005 rounded off to $875.66

Explanation:

To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is an annual bond, the coupon payment, number of periods and annual YTM will be,

Coupon Payment (C) = 1,000 * 0.05  = $50

Total periods (n) = 3

r or YTM = 0.10

The formula to calculate the price of the bonds today is attached.

Bond Price = 50 * [( 1 - (1+0.10)^-3) / 0.10]  + 1000 / (1+0.10)^3

Bond Price = $875.6574005 rounded off to $875.66

8 0
2 years ago
Isabel buys candy that costs $6 per pound. she will spend less than $72 on candy. what are the possible numbers of pounds she wi
Paladinen [302]
Up to 11.9 pounds of candy.
4 0
3 years ago
What is the role of business ethics in execution of hr policy​
irakobra [83]

Answer:

HR is responsible for key systems and processes which can underpin effective delivery of messages the organisation wishes to convey about ethics. HR and the Ethics function can work together to develop an employee incentives system for their organisation to reward employees who demonstrate ethical behaviours

Explanation:

7 0
2 years ago
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