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Taya2010 [7]
3 years ago
14

A fully discrete whole life insurance policy paying $50,000 at the end of the year of death is issued to an individual age 36. T

he net premium reserve at the end of 10 years is $8,000. The net premium for this policy is $900 and the net premium for an identical policy issued to an individual age 46 is P. The effective annual interest rate of interest is 6%. Determine P.
Business
1 answer:
DerKrebs [107]3 years ago
6 0

Answer:

Our P = 17540 $

Explanation:

Amount of Insurance Policy = 50000$

premium reserve at 10th Year = 8000$

Net Premium for the policy = 900$

Annual Interest Rate = 6%

Net Premium at the age of 46 = ????

900 * 10 years = 9000$

9000 + Interest rate @ 6% = 9540$

Net Premium + Premium reserve of 10 Years = 9540 +8000 = 17540$

P = 17540 $

Note: As similar policy have interest rate @ 6%,which is paid every year,

At the age of 46, Net premium reserved amount also will be recovered.

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A pump station has six 500 hp pumps that run an average of 5 hours a day each, a 5 hp sump
GaryK [48]

Answer:

4*0.07=energy use per day(x)

(x)*30=energy use in thirty days (y)

Therefore

X=$0.28

Y=$8.4

Explanation:

4 0
3 years ago
For each of the following characteristics, indicate whether the characteristic is a knowledge, skill, ability, or other characte
ahrayia [7]

Answer:

   Characteristics                       Indication(s)

1. Typing speed                        SKILL, ABILITY

2. Finger dexterity                    ABILITY

3. Driving a car                         SKILL, ABILITY

4. Traffic rules                           KNOWLEDGE

5. A driver’s license                 <em>OTHER CHARACTERISTIC</em>

6. A friendly personality          <em>OTHER CHARACTERISTIC</em>

7. Ten years of experience      SKILL

8. Basic intelligence                 KNOWLEDGE

9. Physical strength                  ABILITY, SKILL

10. Color vision                          ABILITY

11. Being a nonsmoker              <em>OTHER CHARACTERISTIC</em>

12. Customer service experience  SKILL

13. Use of PowerPoint ABILITY, SKILL    

14. Willingness to work weekends ABILITY, OTHER CHARACTERISTIC    

15. Spelling and grammar   KNOWLEDGE, ABILITY    

16. Writing reports BASIC INTELLIGENCE, SPELLING AND GRAMMAR, SKILL, KNOWLEDGE

5 0
2 years ago
Linda loves buying shoes and going out to dance. Her utility function for pairs of​ shoes, S, and the number of times she goes d
padilas [110]

Answer:

See Explanation

Explanation:

Given

U(S,T) = 2ST

M_U_S =2T

M_U_T=2S

The following details are omitted from the question

P_S= \$50 --- Price of the Shoes

P_T = \$50 --- Spent on dancing

B = \$500 --- Budget on shoe and dancing

Solving (a): Her budget line

First, we determine her budget equation (B).

This is calculated by:

B = P_S * S + P_T *T

This gives:

500 = 50 * S + 50 * T

500 = 50 S + 50 T

Divide through by 50

10 =S + T

S + T = 10 --- The budget equation

<em>See attachment for the budget line equation</em>

Solving (a): Optimal Consumption Bundle Point

First, we determine the marginal rate of substitution (MRS) using:

MRS = \frac{MU_s}{MU_t} = 1

MRS = \frac{2S}{2T} =1

This implies that:

\frac{2S}{2T} = 1

Cross Multiply

2S = 2T * 1

2S = 2T

Divide by 2

S = T

Substitute T for S in the budget equation

T + T= 10

2T = 10

T=5

Recall that:

S = T

S = 5

So, the point if optimal consumption bundle is (5,5)

<em>See attachment for point R</em>

5 0
3 years ago
How is the balance sheet used to record amortization and why might it be useful as coupon payments are made?
MrMuchimi

Answer:

An intangible asset's annual amortization expense reduces its value on the balance sheet, which reduces the amount of total assets in the assets section of the balance sheet. This occurs until the end of the intangible asset's useful life.

Explanation:

4 0
3 years ago
When Dollar General buys more than 50% of the stock of another company, Dollar General is called the parent of that company, and
sammy [17]

Answer:

Dollar General

Consolidated means that the financial statements of the parents have been combined with the financial statements of its subsidiaries so that the combined entities are presenting a single set of financial statements, as if they were one entity, which they are in the group sense.

Explanation:

For example, the income statement of Dollar General will be combined or consolidated with the income statement of one or all of its subsidiaries so that the investor has a view of the consolidated net income of the group.  To achieve this, some transactions that were done with inter-group companies will be eliminated, especially when the transactions have not been completed with entities outside the group.  For example, inventories bought from one company by another in the group, which have not been sold to the outside of the group will be eliminated so that the group does not assume to have made profits from itself.

7 0
3 years ago
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