Answer:
<em>Decreasing term insurance</em>
Explanation:
Decreasing term insurance <em>is renewable life insurance with a predetermined rate of decline in coverage over the life of the policy</em>.
Premiums are generally continuous throughout the agreement, and <em>there are typically monthly or annual reductions in coverage</em>.
The idea behind the insurance maintains that certain obligations and the associated need for elevated insurance rates are declining with age.
Answer:
$289,000
Explanation:
The computation of the adjusting basis in case of sale of the home is shown below:
= Purchase value of home + additional purchase cost + cost of swimming pool + new air conditioning system
= $250,000 + $4,000 + $30,000 + $5,000
= $289,000
In case of sale of the home, we consider all the costs which are given in the question as it related to the sale of the home
Answer:
C. Sam will win because Trudy cannot avoid her obligations through a delegation.
Explanation:
If Sam sues Trudy for the $40 she owes him for the book then, Sam will win because Trudy cannot avoid her obligations through a delegation.
Why is that if like to help:)
Answer:
The correct answer is: $60.
Explanation:
Opportunity Cost is what a person sacrifices when they choose one option over another. It is also defined as the revenue of the chosen option over the revenue of the option that was forgone. It represents what was left on the table for deciding taking one option over another.
In Ben's case, the opportunity cost of going to the event represents what he could have earned working for three hours (<em>$10 x 3 = $30</em>). However, as he will have to pay for the event, he will lose $30 for the event ticket. Then, the total opportunity cost of going to the event is:
$30 + $30 = $60
