What is the difference in the annual life insurance premiums paid by a 35-year-old smoker and a 35-year-old non-smoker, if they
1 answer:
Answer:
The difference in the annual life insurance premiums paid by 35 years old smoker and non smoker is $151
Explanation:
According to the information provided in the question,
For a 20 year term plan, annual premium rate is
35 year old smoker = 9.36
35 year old non-smoker = 7.85
Assuming annual premium per $1000 and for a policy of $100,000
35 year old smoker=
35 year old non-smoker=
Therefore the difference between the smoker and non-smoker is
Difference=
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Answer: $1,200.
Explanation:
Given that,
Linda spent 3/4 of her savings on furniture and spent 1/2 of her remaining savings on a fridge.
Fridge cost = $150
Let Original savings be x
Amount spent on furniture =
Amount spent on furniture =
150 =
x = $1,200
Therefore, Linda's original savings is $1,200.
Answer:
The side length x=11.40
<u>Step by Step Explanation:</u><u> </u>
Given:
Two sides of the right angled triangle=7,9
To find:
Side length x
Solution:
Let A,B,C be the sides of the right angled triangle such that
A=9, B=7 and C=?
Side length can be calculated by using Pythagorean Theorem
According to this theorem
Substitute the value of A,B in the above theorem we get
C=11.4
Result:
Thus the side length x =11.40
Answer:
Profit Margin = 10.8%
Explanation:
We know, Sustainable Growth Rate = Retention Ratio × Return on Equity
Again, we know,
Retention ratio = (1 - Dividend payout ratio)
Given,
Dividend payout ratio = 30.5%
Sustainable growth rate = 8.25%
Debt-to-Equity ratio = 0.44
Total assets to sales = (Total Assets ÷ Sales) = 1.31
Putting the value in the above formula,
Sustainable Growth Rate = (1 - Dividend payout ratio) × Return on Equity
or, 0.0825 = (1 - 0.305) × Return on Equity
or, 0.0825 = 0.695 × Return on Equity
or, 0.1187 = Return on Equity
Therefore, ROE = 11.87%
Again, ROE in DuPont Formula = Profit Margin × Total Asset Turnover × Equity Multiplier
We know, Equity Multiplier =
or, Equity Multiplier =
or, Equity Multiplier = 1 + Debt to asset ratio
Again, asset turnover = (1 ÷ Total assets to sales) = 1 ÷ 1.31
Putting the value in the ROE formula,
11.87% = Profit Margin × (1 ÷ 1.31) × (1 + 0.44)
or, 0.1187 = Profit Margin × 0.7634 × 1.44
or, 0.1187 = Profit Margin × 1.099296
or, Profit Margin = 0.108
Therefore, Profit Margin = 10.8%