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sergeinik [125]
3 years ago
11

Tim and Tammy are updating their financial plan and are concerned that they might not have enough life insurance coverage for th

eir family, which includes two children, ages 4 and 10. They have determined that their annual income is $56,000 and their net worth is now $150,000. What is the amount of life insurance they should carry using the easy method? Multiple Choice $599,200 $274,400 $560,000 $392,000 $56,000
Business
1 answer:
julsineya [31]3 years ago
8 0

Answer:

$274,400

Explanation:

Data provided in the question:

Annual income of Tim and Tammy = $56,000

Net worth of Tim and Tammy = $150,000

Now,

Using the easy method

Step 1;

Multiply the annual gross income by 70%

⇒ $56,000 × 0.70

⇒ $39,200

Step 2 :

Multiply the above result with 7

⇒ $39,200 × 7

⇒ $274,400

therefore,

we get the amount of life insurance as $274,400

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Answer:

Correct option is C

Explanation:

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When there is synchronous change in the swelling rate and joblessness rate then this is an instance of development along the short-run Phillips bend.  

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3 years ago
Joanie recognizes that the board and CEO are particularly worried that individuals will post negative information about the comp
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<u>Answer</u>:

<u>Should create a non disclosure agreement policy</u>

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melomori [17]

Answer:

See below

Explanation:

Clayborn Corporation

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Therefore, Clayborn corporation's free cash flow is -$7,700

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2 years ago
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Answer: Relative scarcity could be described as that where the resources are limited in supply for a short while, due to manufacturing or supply challenges.

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Explanation:

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