All categories

3 years ago

The term illustration in a life insurance policy refers to

1 answer:

3 0

The term illustration in a life insurance policy refers to a presentation of nonguaranteed elements of a policy.
Any element within a policy, other than policy dividends, which affects policyholder costs or value, and which may be changed at the discretion of the insurer after issue

You might be interested in

One of the widely acknowledged problems with using the consumer price index as a measure of the cost of living is that the CPI a

Margarita [4]

A widely acknowledged problem with using the consumer price index as a measure of the cost of living is that it fails to account for the introduction of new goods.

More about consumer price index and its problem-

A more accurate indicator of a nation's standard of living than per capita GDP is the consumer price index or CPI.
It is based on the total cost of a fixed basket of goods and services purchased by an average customer in comparison to the cost of the same basket in a base year.
The CPI can get a precise assessment of the cost of living by including a wide range of thousands of items and services with the set basket.
It's crucial to keep in mind that the CPI is an index number or a percentage change from the base year rather than a monetary value like the GDP.
Because CPI is based on a fixed basket of products, the CPI does not provide an entirely accurate measure of the cost of living, despite being a convenient approach to calculate the cost of living and the relative price level over time.
The bias against substitution, the introduction of new products, and quality variations are three issues with the CPI that should be mentioned.

To learn more about the consumer price index, refer to-

brainly.com/question/9531727

#SPJ4

7 0

2 years ago

Which of the following decision-making perspectives assumes that consumers often make purchases and reach decisions based on the

enyata [817]

Answer:

The correct answer is a. Rational decision-making perspective.

Explanation:

The rational model pursues the constitution of a process of choice among alternatives to maximize the benefits of the organization. It includes a broad definition of the problem, an exhaustive collection and analysis of the data, as well as a careful evaluation of the alternatives. Andreu, in the year (2001), affirms that the criteria for evaluating alternatives are well known and assumes that the generation and exchange of information between individuals is objective and precise. Therefore, the rational decision-making model is based on 3 explicit assumptions:

- All available information related to the alternatives has been obtained.

- These alternatives can be classified according to explicit criteria.

- The selected alternative provides the maximum possible profit for the organization (or for decision makers).

3 0

3 years ago

Which type of organizational purchase situation is characterized by high purchase importance and complexity, a large and evolvin

yaroslaw [1]

Answer:

New Task

Explanation:

The new task is a company purchasing scenario where the purchaser initially buys a products or services for the first time with no testing experience.

An comprehensive search is performed to assess alternatives, however. The higher the price or risk concerned, the more decision-making participants ' knowledge is required.

For instance, an organization that purchases raw resources for the first time to produce devices.

7 0

3 years ago

Where are you from im from georgia but live in kentucky

alexira [117]

Answer:

I am from Long Island but live in NC

Explanation:

4 0

2 years ago

Read 2 more answers

Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$20 par value, 10

gogolik [260]

Answer:

1. See the attached excel file for the journal entries.

2. Ending balance of retained earning is $346,125

3.Total Stockholder's Equity is $1,616,125

Explanation:

1. Prepare journal entries to record each of these transactions.

Note: See the attached excel file for the journal entries.

The following are tge workings:

w.1: Treasury stock = $5,000 * $20 = $10,000

w.2: Dividend payable = (Issued and outstanding shares - Shares repurchase) * Dividend per share = (60,000 - 5,000) * $4 = 55,000 * $4 = $220,000

w.3: Cash = Number of shares sold * Selling price per share = 1,875 * $24 = $45,000

w.4 = Treasury stock = Number of shares sold * Treasury price per share = 1,875 * $20 = $37,500

w.5: Additional paid in capital = Number of shares sold * (Selling price per share - Treasury price per share) = 1,875 * ($24 - $20) = $7,500

w.6: Cash = Number of shares sold * Selling price per share = 3,125 * $17 = $53,125

w.7 = Treasury stock = Number of shares sold * Treasury price per share = 3,125 * $20 = $62,500

w.8: Balancing figure = Treasury stock (w.7) – Cash (w.7) - Additional paid in capital (w.5) = $62,500 - $53,125 - $7,500 = $1,875

w.9: Dividend payable = (Issued and outstanding shares * Dividend per share = 60,000 * $4 = $240,000

2. Prepare a statement of retained earnings for the year ended December 31, 2019.

Kohler Corporation

Statement of Retained Earnings

On December 31, 2019

Particulars Amount ($)

Opening balance 400,000

Income for the year 408,000

Dividend Paid (220,000 + 240,000) (460,000)

Loss on sale of treasury stock (1,875)

Ending balance  346,125 

3. Prepare the stockholders’ equity section of the company’s balance sheet as of December 31, 2019.

Kohler Corporation

Stockholder Equity Section of Balance sheet

At December 31, 2019

Particulars Amount ($)

Common stock issued ($20 * 60,000) 1,200,000

Paid-in capital in excess of par v - c. stock 70,000

Total contributed Capital 1,270,000

Retained Earnings 346,125

Total Stockholder's Equity  1,616,125 

Download xlsx

3 0

3 years ago