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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

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mel-nik [20]

No because they aren't Fair

4 0

4 years ago

erry Inc. manufactures machine parts for aircraft engines. CEO Bucky Walters is considering an offer from a subcontractor to pro

Tju [1.3M]

Answer:

The Company will use the 64 unit cost for the make scenario

and use the 54 for the buy plus the fixed cost (6x 2000)

In the short term, when the fixed cost are unavoidable, the operating profit will increase to 6,000

in the long-term, the operating profit will increase to 18,000

Explanation:

Direct Materials 27

Direct Labor 16

Variable Overhead 14

Fixed Overhead 6

Total unit cost 63

Total Variable Cost 57

Offered Unit cost

108,000/2,000 = 54

Unit Cost $63.00 $54.00 $9.00

Total Cost $126,000.00 $108,000.00 $18,000.00

Unavoidable Fixed Cost $12,000.00 -$12,000.00

Total Cost $126,000.00 $120,000.00 $6,000.00

8 0

3 years ago

Suppose you sell a fixed asset for $112,000 when its book value is $112,000. If your company's marginal tax rate is 39 percent,

Dmitriy789 [7]

Answer:

The after tax cash flow will be $112,000.

Explanation:

The market value of the fixed asset is given at $112,000.

The book value of the same asset is $112,000.

The marginal tax rate is 39%.

The after tax cash flow will be

= $Book\ value\ +\ (Market\ value\ -\ book\ value)\ \times\ (1\ -\ t)$

= $\$ 112,000\ +\ (\$ 112,000\ -\ \$ 112,000 )\ \times\ (1\ -\ 0.39)$

= $\$ 112,000\ +\ (0\ \times\ 0.61)$

= $112,000

8 0

3 years ago

Suppose the price of university sweatshirts increases from $10 to $20 and the quantity supplied increases from 20 to 30. The pri

Finger [1]

Answer:

D 0.60.

Explanation:

Elasticity of Supply measure the responsiveness of supply against the change in price of the product.

Using mid point method

Change in Quantity = ( S2 - S1 ) / [ ( S2 + S1 )/2 ]

Change in Quantity = ( 30 - 20 ) / [ ( 30 + 20 )/2 ]

Change in Quantity = 10 / 25

Change in Quantity = 0.4

Change in price = ( P2 - P1 ) / [ ( P2 + P1 )/2 ]

Change in price = ( $20 - $10 ) / [ ( $20 + $10 )/2 ]

Change in price = $10 / $15

Change in price = 0.67

Elasticity of Supply = Change in Quantity / Change in Price

Elasticity of Supply = 0.4 / 0.67

Elasticity of Supply = 0.597 = 0.60

7 0

3 years ago

What is the adjusting journal entry to update the Prepaid Insurance account?

muminat

Answer:

the correct journal entry to be recorded when the prepaid insurance payment is realized is,

A) Debit Insurance Expense

Credit Prepaid Insurance

Explanation:

prepaid insurance is an asset to the company, which means that we have paid in advance. because of this, when we pay it in advance, the entry will be

"prepaid insurance debit

money/bank credit"

this asset was created because the payment we made for the insurance does not belong to this accounting time period and it belongs to the next accounting period. matching concept is the underlying concept behind this.

once we reach the next time period, the prepaid expense becomes a actual cost and the asset is decreased.

5 0

3 years ago