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zheka24 [161]
4 years ago
14

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

both take out a $100,000 policy for a 20-year term?
Age Smoker Age Non-Smoker 10 year 20 year
20 25 2.55 3.60
25 30 3.12 5.74
30 35 3.80 7.85
35 40 4.25 9.36
Business
1 answer:
telo118 [61]4 years ago
4 0

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= (9.36/1000)*100,000=9.36*100=936

35 year old non-smoker=(7.85/1000)*100,000=7.85*100=785

Therefore the difference between the smoker and non-smoker is

Difference=936-785=151

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Which model can be used to analyze the direct and indirect costs to help firms determine the actual cost of specific technology
balu736 [363]

Answer:

Option "A" is the correct answer to the following statement.

Explanation:

Ownership costs are the actual cost of a resource added with operating costs. Estimating the ownership costs provide wide view our resources and their value over the time.

in this situation ,Ownership costs reflect a systematic analysis of technology or other expenses across business borders in duration.

6 0
4 years ago
Cedar Grove Industries produces and sells a cell phone-operated home security control. Information regarding the costs and sales
Gre4nikov [31]

Answer:

$47,000

Explanation:

Cedar Grove Industries CVP Income Statement for Month Ending May, 2017

Total Per Unit

Sales ($49×7,600) $372,400 49

Less Variable Cost

($28×7,300) $204,400 28

Contribution Margin $168,000 21

Less Fixed Cost$121,000

Net Income (loss)$47,000

5 0
3 years ago
Which one of the following is a working capital decision?
CaHeK987 [17]

Answer:

E. How much cash should the firm keep in reserve?

Explanation:

  • The working capital is the capital decision that is a decision that the firms take to combine the policies and the techniques for the management. And also state how the form should keep and use its resources or reserves and also is a measure of the liquidity of the firm and gives the inventors more information to the analysis.
6 0
3 years ago
A(n) _____ is used to move out of one currency and into another for a limited period without incurring foreign exchange risk.
AveGali [126]

Answer:

Currency swap.

Explanation:

A currency swap is an agreement or a contract between the two parties. Involves the exchange of interest and sometimes of principal in one currency for the same in another currency. Interest payments are exchanged at fixed dates through the life of the contract.

It is considered to be a foreign exchange transaction and is not required by law to be shown on a company's balance sheet. Two parties exchange principal amount and interest that incur in different currencies. The dual purpose of a currency swap is to hedge exposure to exchange rate risk, or helps reduce the cost of borrowing a foreign currency.

5 0
3 years ago
A company incurs $4,050,000 of overhead each year in three departments: Ordering and Receiving, Mixing, and Testing. The company
MrRa [10]

Answer:

c) $2,760,000

Explanation:

Computation of the amount of overhead assigned to Slime.

First step

Ordering and Receiving=Cost/Expected use of Driver×Additional Expected use of Driver

$1,200,000/2,000×1,600

=600×1,600

=$960,000

Mixing= Cost/Expected use of Driver×Additional Expected use of Driver

=1,500,000/50,000×30,000

=30×30,000

=$900,000

Testing=Cost/Expected use of Driver×Additional Expected use of Driver

= 1,350,000/1,500×1,000

=900×1,000

=$900,000

Second step

Addition of the total of :

Ordering and Receiving $960,000

Mixing $900,000

Testing $900,000

=$2,760,000

Therefore the amount of overhead assigned to Slime will be $2,760,000

4 0
3 years ago
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