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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:

4.Teach Fred about how decisions are made and communicated, as well as how conflict is handled.

Explanation:

Cultural differences are an important topic when it comes to adjusting to a new workplace. However, no matter how much the new employee knows about a specific culture, it is up to the manager or team leader to help him adjust.

The most effective way to help him is by teaching him <em>how decisions are made and conflict is handled</em>, in a straightforward manner. Since Fred is working in a team and not individually, it is essential for him to learn the basics of conflict management, as conflict handling varies immensely from country to country.

The same is applicable for decision making. He could not know the decision making practice in his new environment upfront. Some environments may encourage a more liberal way of making decisions, while some propose a strict protocol when it comes to making even the most trivial decisions.

Of course, checking him periodically and making sure he knows you're there for him are practices that can do only good. However, they are not critical for the issue.

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3 years ago
Hart Attorney at Law experienced the follwoing transactions in 2016, the first year of operations:
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Answer:

I used an excel spreadsheet since there is not enough room here.              

Explanation:

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3 years ago
What is the purpose of a food safety management system?
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Answer:

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Explanation:

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Carl has a checking account. He'd like to know right away when his balance gets lower than $50. What should Carl do?
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He should set up an alert.
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3 years ago
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The Weber Company purchased a mining site for $1,750,000 on July 1. The company expects to mine ore for the next 10 years and an
AlladinOne [14]

Answer:

The correct solution is "$26,000".

Explanation:

The given values are:

Cost

= $1,750,000

Salvage value

= $150,000

First Year Extraction

= 6,500

Total Extraction

= 400,000

Now,

⇒ Depletion \ Expense = (Cost - Salvage \ value)\times (\frac{First \ Year \ Extraction}{Total \ extraction} )

On putting the values, we get

⇒                                = (1,750,000 - 150,000)\times (\frac{6,500}{400,000} )

⇒                                = 1,600,000\times 0.01625

⇒                                = 26,000 ($)  

4 0
4 years ago
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