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Snezhnost [94]
2 years ago
14

If an insured is concerned about being unable to pay the premiums on his or her whole life policy in the event of a total disabi

lity, which of the following riders should be added to the policy?a. Waiver of Cost of Insurance
b. Payor Benefit
c. Waiver of Premium
d. Disability Income Benefit
Business
1 answer:
ELEN [110]2 years ago
4 0

Answer:

c. Waiver of Premium

Explanation:

A waiver of premium is clause in an insurance contract in which the insurance company promises not to oblige the insurer to pay a fee to maintain the contract in some extraordinary cases: these cases are usually either disability or death.

Because in the case of this question the insured is concerned about becoming disable and losing the ability to pay for the contract, he is likely to benefit from a waiver of premium included in his insurance contract.

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Suppose you deposit $116 today, $135 in one year, and $885 in two years in an account that pays an annual rate of interest of 14
olga nikolaevna [1]

Answer:

The answer is $1357.85

Explanation:

Future value= Σ C(1+i)^n

FV = 116(1.141^3) + 135( 1.141^2) + 885(1.141) = $1357.85

7 0
2 years ago
Founders should be wary of crowdfunding sites like Kickstarter, because these efforts require founders to give up large ownershi
Westkost [7]

Answer:

B. False

Explanation:

As the name suggests that crowdfunding refers to the funding for a project by having a small amount from the public at large in an internet

Since in the question it is mentioned that the founders should put efforts for giving the high stake of ownership with respect to high contributors before raising the funds to launch a product in the market

But this above requirement should not be necessary

Therefore the given statement is false

5 0
3 years ago
The use of effective contracts with penalties could reduce which form of supply chain risk?
Evgen [1.6K]

The use of effective contracts with penalties could reduce the following forms of supply chain risks:

  • Distribution
  • Logistic delays or damages
  • Supplier failure to deliver

<h3>What are supply chain risks?</h3>

Supply chain risk management is "the implementation of strategies to manage routine and non-routine risks in the supply chain to reduce vulnerability and ensure continuity based on ongoing risk assessment".

<h3>What are effective contracts?</h3>

Most contracts only need to contain two elements to be legally effective: the parties must agree (after one party has made an offer and the other has accepted it).

Something of value, such as money, services or goods (or a promise to exchange such goods) must be exchanged for something else of value.

Learn more about Effective Contracts:
brainly.com/question/984979

#SPJ1

Full Question

The use of effective contracts with penalties could reduce which form of supply chain​ risk?

A. Distribution

B. Logistic delays or damages

C. Supplier failure to deliver

D. All of the above Question:

7 0
1 year ago
The company budgeted for production of 2,400 units in June, but actual production was 2,500 units. The company used 19,850 pound
horsena [70]

Answer:

d. $40 F

Explanation:

Calculation to determine what The variable overhead efficiency variance for June is

First step is to calculate the SH

SH = 2,500 units × 0.4 hour per unit

SH= 1,000 hours

Now let calculate the Variable overhead efficiency variance

Using this formula

Variable overhead efficiency variance = (AH - SH) × SR

Let plug in the formula

Variable overhead efficiency variance= (980 hours - 1,000 hours) × $2 per hour= (-20 hours) × $2 per hour

Variable overhead efficiency variance= $40 F

Therefore Variable overhead efficiency variance is $40 F

8 0
2 years ago
McGuire Company acquired 90 percent of Hogan Company on January 1, 2010, for $234,000 cash. This amount is reflective of Hogan's
anzhelika [568]

Answer:

D. $1,800 Decrease

Explanation:

                                       book value      Fair value       adjustment

01 Jan                             10,000               8,000             2,000

Depreciation                  -1000                 -800                  -200

31 Dec                             9,000                7,200              1,800 Decrease  

5 0
3 years ago
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