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omeli [17]
3 years ago
13

All other factors being equal, what would the premium be like in a survivorship life policy as compared to the premium in a join

t life policy?
A. half the amount
B. lower
C. higher
D. as high
Business
1 answer:
Marizza181 [45]3 years ago
3 0

Answer: The correct answer is "B. lower".

Explanation: The insurance premium is one of the central elements of the contract since it is the price that the insured pays for the coverage he receives. Its value will depend on the type of risk insured and is always fixed in advance by the insurance company. It must be sufficient for the insurer to face the insured risk, calculating that not all the insured will need the coverage, that is, statistically, there is a probability that it will happen or not.

The premium is lower in a survivorship life policy as compared to the premium in a joint life policy.

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Millcorp sells wetsuits for deep sea divers. It recently engineered a new material for its wetsuits to better hold in the wearer
spin [16.1K]

Answer:

B) Millcorp has a lawful innocent acquisition of a monopoly.

8 0
3 years ago
Read 2 more answers
Journalize the following transactions assuming the perpetual inventory system:July 3 Sold merchandise on account for $3,750 incl
Archy [21]

Answer:

Explanation:

The journal entries are shown below:

On July 3

Account receivable A/c Dr $3,750

          To Sales $3,750

(Being the goods are sold on credit)

Cost of goods sold A/c Dr $2,000

     To Merchandise Inventory A/c                   $2,000

(Being goods are sold at cost)

On July 5

Sales return and allowance A/c Dr $1,050

            To Accounts receivable $1,050

(Being sales return is recorded)

Merchandise Inventory A/c                   $610

            To  Cost of goods sold A/c Dr $610

(Being sales return is recorded)

On July 12

Cash A/c Dr $2,700                               ($3,050 - $1,050)

         To Accounts receivable $2,700

(Being cash is received)

On July 17

Cash A/c Dr $7,420

             To Sales A/c $7,000

             To Sales tax payable A/c $420    ($7,000 × 6%)

(Being the goods are sold on credit)

Cost of goods sold A/c Dr $3,830

     To Merchandise Inventory A/c                 $3,830

(Being goods are sold at cost)

5 0
3 years ago
Marwick Corporation issues 8%, 5-year bonds with a par value of $1,100,000 and semiannual interest payments. On the issue date,
Nina [5.8K]

Answer: $1,193,838.80

Explanation:

The price of a bond is the sum of the present value of the coupon payments and the face value at maturity.

= Present value of coupon payments + Present value of face value at maturity

First adjust the variables for semi-annual:

Number of periods = 5 * 2 = 10 semi annual periods

Coupon payment = 8% * 1,100,000 * 1/2 years = $44,000

Yield = 6% / 2 = 3%

Present value of coupon payments:

The coupon payments are constant so are an annuity:

= Annuity * Present value of an annuity factor, 10 periods, 3%

= 44,000 * 8.5302

= $375,328.80

Present value of face value

= 1,100,000 * Present value of 1, 3%, 10 periods

= 1,100,000 * 0.7441

= $818,510

Selling price:

= 375,328.80 + 818,510

= $1,193,838.80

8 0
2 years ago
In a market with positive​ externalities, A. there cannot be an efficient level of production. B. the efficient level of product
topjm [15]

Answer: In a market with positive​ externalities, <u>"C. the efficient level of production is more than what competition will obtain.".</u>

<u />

Explanation: An externality is a situation in which the costs or benefits of production or consumption of some good or service are not reflected in its market price. A positive externality is the positive effect of an activity imposed by an unrelated third party.

3 0
3 years ago
PLEASE DEFINE EACH COOKING TERM FOR 50 POINTS!!!!!!! .
Maslowich
I will do the ones I know just so I can help u! (:
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3 0
3 years ago
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