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Art [367]
3 years ago
13

What is a contingent beneficiary on a life insurance policy

Business
1 answer:
Ludmilka [50]3 years ago
7 0

Answer and Explanation:

A life insurance policy assures a lumpsum amount to the beneficiaries of the deceased policy holder against premiums paid during the holder's life.

There are a variety of insurance policies available for different amounts that one can subscribe to. Contingent beneficiary can be termed as second nominee to the policy holder's policy. In case the main or primary beneficiary is dead or declared lunatic by law, the policy proceeds can be claimed by the contingent beneficiary. The name of the contingent beneficiary is put in the policy agreement by the holder.

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Firms pursuing global standardization or transnational strategies tend to prefer _____ arrangements.
astra-53 [7]

Wholly owned subsidiary arrangements are preferred by firms which pursue global standardization or transnational strategies.

This arrangement gives a firm an advantage since it is able to use profits from one market to improve its position in another competitive market.

Another few advantages of wholly owned subsidiary arrangements are tax benefits, limited liability, promotes diversification.

Learn more about wholly owned subsidiary arrangements here:

https://brainly.in/question/8819903

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8 0
1 year ago
Which of the following statements is true regarding depreciation methods?
r-ruslan [8.4K]

Answer:

The correct answer is letter "D": The use of a higher estimated life and a higher residual value will lower the annual amount of depreciation expense recognized on the income statement.

Explanation:

Depreciation distributes the cost and cost over the useful life of the assets of tangible and real assets. A business could depreciate an asset over a period of up to thirty years, depending on the type of asset it is. There are many depreciation methods but, among the most common we can find the <em>Straight-line method, the Double Declining Balance method</em>, and <em>the Units of Production method</em>. As long as the estimated life of the asset and its residual value is high, the amount filed for the depreciation will be lower.

7 0
3 years ago
Identify 4 economic resources from the attached picture.​
faltersainse [42]

Answer:

gold,crops, crisis, poverty

7 0
2 years ago
Read 2 more answers
Price is the _____________ a consumer is willing to make to acquire a specific product or service.
vfiekz [6]

Answer:

Overall sacrifice

Explanation:

Price is associated with the amount of money that a consumer have to pay to purchase a articular product. Overall sacrifice is that amount of money which is sacrificed by the consumer to acquire a particular product or service. Price of the product is set by the seller in the market and it is totally depends upon the willingness of the consumer to buy the product at the prevailing prices or not.

3 0
3 years ago
LLY Corporation is planning to issue a $1,000 face value bond with a maturity of 30 years. The annual coupon rate is expected to
VladimirAG [237]

Answer:

$739.72 ≈  739.72

Explanation:

we can use an excel spreadsheet and the present value function to calculate the expected price of each bond ⇒ =PV(rate,nper,pmt,fv,[type])

  • fv = $1,000
  • pmt = $1,000 x 7.25% x 1/2 = $36.25
  • nper = 60
  • rate = 10% / 2 = 5%
  • present value = ?

=PV(5%,60,36.25,1000) = -739.72 since excel calculates the initial investment, it is always negative, so we just change the sign.

6 0
3 years ago
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