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9966 [12]
3 years ago
13

The may be pay life insurance co. is trying to sell you an investment policy that will pay you and your heirs $33000 per year fo

rever. Suppose a sales associate told you the policy costs $478,000. At what interest rate would this be a fair deal?
Business
1 answer:
almond37 [142]3 years ago
4 0

Answer:

6.9%

Explanation:

The May be life insurance corporation is trying to sell an investment policy

This policy will pay $33,000 per year forever

A sales associate mention that the policy would cost $478,000

Therefore, the interest rate at which it will be a fair deal can be calculated as follows

Interest rate= Annual inflows/present value

= 33,000/478,000

= 0.0690×100

= 6.9%

Hence the interest rate at which it would be a fair deal is 6.9%

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2 years ago
Because many consumers choose stores based on proximity to their workplaces or homes, great locations are
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7 0
1 year ago
Cafeteria Department Cutting Department Assembly Department Janitorial Department cost allocation $155,000 $31,000 $124,000 Cafe
Mama L [17]

Answer: Assembly Department

Explanation:

Missing part of question is attached below.

Cutting Department

Under the direct method, the Cutting Department is allocated $62,000 of the Janitorial cost and $126,750 of the Cafeteria cost for a total of:

= 62,000 + 126,750

= $188,750

Assembly department

Allocated $248,000 of the Janitorial cost and $42,450 of Cafeteria:

= 248,000 + 42,450

= $290,450

<em>Assembly Department is therefore the department that is allocated the most support department costs under the direct method. </em>

7 0
2 years ago
St. Nick Corporation's Toy-Making Supplies account showed a beginning balance of $200 and supplies purchased of $800. There were
iragen [17]

Answer:

3. $600

Explanation:

The computation of the amount is shown below:

= Beginning balance of supplies + purchase made - supplies on hand

= $200 + $800 - $400

= $600

The year end increase in toy making supplies expense is $600

The journal entry would be

Supplies expense A/c Dr $600

               To supplies A/c $600

(Being supplies account is adjusted)

7 0
2 years ago
Sabrina owns a cosmetics company. her company has recently developed a range of beachwear make-up products. when the marketing d
Verdich [7]

Answer:

Noise

Explanation:

In advertising, "noise" is something that distracts from your message. The beaches are noise because Sabrina feels that they distract from showing the makeup products.

6 0
3 years ago
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