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AlladinOne [14]
3 years ago
9

_____ can be both an advantage and a disadvantage of universal life insurance.

Business
1 answer:
Ede4ka [16]3 years ago
8 0
The correct answer is known as Flexible Premium Life Insurance.
Life Insurance or Insurance is described as an agreement among an insurer and a policyholder, wherein the insurer ensures promised payment of a death beneficiary to named beneficiaries upon the death of the insured individual. The Insurance Company creates an agreement upon a death benefit in consideration of the charge of premium with the aid of the insured.
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During 2018, LeBron Corporation accepts the following notes receivable. a. On April 1, LeBron provides services to a customer on
Firdavs [7]

Answer:

Explanation:

The journal entries are shown below:

a. Short term notes receivable A/c Dr $5,300

              To Service revenue A/c                        $5,300

(Being the service is provided based on the notes receivable)

b.  Short term notes receivable A/c Dr $9,300

              To Cash A/c                        $9,300

(Being cash is paid)

c.  Short term notes receivable A/c Dr $4,300

              To Account receivable A/c                        $4,300

(Being 3-month note receivable is accepted which is signed by the customer)

3 0
3 years ago
What conditions make a market perfectly​ competitive? A market is perfectly competitive if A. it has many buyers and one​ firm,
DanielleElmas [232]

Answer:

E. It has many buyers and many sellers , all of whom are selling differentiated products , with no barriers to new firms entering the market.

Explanation:

A perfect market is a market where there are large number of buyers such that all participants are price takers hence cannot influence the price of commodities sold in such market.

In a perfect market, there are no barriers to entry and exit. This also means that new firms can enter the market. Here, the buyers are free to buy from any person and the sellers are free to sell to anyone. Differentiated products are also sold there.

8 0
2 years ago
A friend is complaining of constipation. in addition to lifestyles changes, which mineral could help relieve your friend's const
sveticcg [70]

The mineral that could help your friend’s constipation is magnesium. It is because the mineral magnesium is the one responsible for regulating biochemical reactions that occur in the body and a way of controlling other functions such as muscle, nerve and blood pressure. They also have the capacity of relaxing the bowel in which the water is also pulled to the intestines in means of helping a person with constipation.

8 0
3 years ago
You want to buy a new sports coupe for $74,400, and the finance office at the dealership has quoted you a loan with an apr of 6.
NeX [460]
Monthly payment = $1774.71 
Effective annual rate = 7.02% 
 The equation for a loan payment is
 P = r(PV)/(1-(1+r)^(-n))
 where
 P = Payment per period
 PV = Present value
 r = interest rate per period
 n = number of periods 
 Since the 6.8% interest rate is APR, we need to divide by 12 to get the interest per month. So in the above equation r = 0.068/12 = 0.005666667, the number of periods is 48 and the Present Value is 74400. Let's plug in the numbers and calculate.
 P = r(PV)/(1-(1+r)^(-n))
 P = 0.00566666666666667(74400)/(1-(1+0.00566666666666667)^(-48))
 P = 421.6/(1-(1.00566666666666667)^(-48))
 P = 421.6/(1-0.762439412691304)
 P = 421.6/0.237560587308696
 P = 1774.70516
 So the month payment rounded to 2 decimal places is $1774.71 
 The effective interest rate is
 ER = (1 + r/12)^12 - 1 
 Let's plug in the numbers and calculate.
 ER = (1 + 0.068/12)^12 - 1
 ER = (1 + 0.00566666666666667)^12 - 1
 ER = (1.00566666666666667)^12 - 1
 ER = 1.07015988024972 - 1
 ER = 0.07015988024972 = 7.015988024972% 
 So after rounding, the effective interest rate is 7.02%
8 0
2 years ago
"How much would an investor expect to pay for a $1,000 par value bond with a 9% annual coupon that matures in 5 years if the int
SVEN [57.7K]

Answer:

The answer is $1,173.18

Explanation:

N(Number of periods) = 5 years

I/Y(Yield to maturity) = 5percent

PV(present value or market price) = ?

PMT( coupon payment) = $90 ( 9percent x $1,000)

FV( Future value or par value) = $1,000.

We are using a Financial calculator for this.

N= 5; I/Y = 5; PMT = 90; FV= $1,000; CPT PV= -1,173.18

Therefore, the market price of the bond is $1,173.18

5 0
3 years ago
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