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igor_vitrenko [27]
3 years ago
13

Partners in a business enter into a buy-sell agreement to purchase life insurance, which states that should one of them die prem

aturely, the other would be financially able to buy the interest of the deceased partner What of insurance policy may be used to fund this agreement?
1. Term insurance only
2. Permanent insurance only
3. Universal life insurance only
4. Any form of life insurance
Business
1 answer:
WINSTONCH [101]3 years ago
3 0

Answer: (4) Any form of life insurance

Explanation:

 According to the given question, any type of the life insurance policy are used for purpose of funding the interest financially of deceased partner.

 In this type of life insurance policy we made an agreement between the holder of life insurance policy and the insurer based on the critical or terminal illness of the person.

It is basically used into the form of two types that is whole life or for the short term contract basis. Therefore, Option (4) is correct.

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Explanation:

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3 years ago
The title of the job you are seeking should be placed _____.
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3 years ago
Only buy on credit, what you can pay for in cash refers to... Group of answer choices Credit Cards Payday Loans Morgages Auto Lo
shepuryov [24]

Answer:

Credit Cards

Payday Loans

Auto Loans

Explanation:

In the field of economics, credit means to have the ability of having goods or the services before the payment of the goods which can be paid later in the future to the other party.

The following can be bought on credits and can be paid in cash later on. These includes :

Credit cards -- credits card are used to purchased item on credits to which the payment is done on a later date in the future.

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3 0
2 years ago
Which of the following best addresses the economic question For whom to produce?
Nonamiya [84]

Answer:

D. InFocus conducts focus groups to determine its target market.

Explanation:

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3 0
3 years ago
Kearney, Inc., makes kitchen tools. Company management believes that a new model of coffee grinder would sell well at a price of
IRINA_888 [86]

Answer:

$0.15 hours per unit

Explanation:

Given that

Direct material cost = $16

Assume Direct labor cost = X

Manufacturing overheads = $18

Profit margin = 20%

Direct labor per hour cost = $28

The computation of direct labor-hour input is shown below:-

Total manufacturing cost = X + $34

Total cost of goods sold = (X + $34) × 1.7 = $66

Direct labor cost per unit

= (X + $34) = $38.82

= $38.82 - $34

= $4.32

Direct labor hours per unit = Direct labor cost per unit ÷ Direct labor per hour cost

= $4.32 ÷ $28

= $0.15 hours per unit

3 0
3 years ago
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