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mojhsa [17]
4 years ago
15

John purchases a life insurance policy on his wife Betty where he pays the premium and he will receive the life insurance money

when she dies. John is both the ________ and the ________ who will receive the ________ upon the death of Betty, the ________.
Business
1 answer:
DanielleElmas [232]4 years ago
3 0

Answer:

Policy owner

Beneficiary

Face amount

Insured

Explanation:

John is both the “Policy owner” and the “Beneficiary” who will receive the “ Face amount” upon the death of Betty, the “Insured”.

The term policy owner is used to refer to a person who buys and pays the premium. At the same time, a beneficiary is a person who receives the face amount that was on the name of the insured (Betty).

It is given that John has bought the policy and paying the premium so he is the owner. Moreover, he is the beneficiary because he is getting the insurance amount after the death of betty who is insured.

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Answer:

Break-even point= 3429 units

Explanation:

Giving the following information:

Total Units for information given 7,000.

Fixed Cost per Unit $150

Selling Price per Unit $ 475

Variable Costs per Unit $125

Target Operating Income $ 150,000

Break-even point= fixed costs/ contribution margin

Break-even point= (150*7000 + 150,000) / (475 - 125)= 3429 units

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Answer:

Explanation:

The journal entry is shown below:

Interest expense A/c Dr $3,000

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(Being interest is recorded)

The computation of the interest expense is shown below:

= Principal × rate of interest × number of months ÷ total number of months in a year

= $125,000 × 6% × (4 months ÷ 12 months)

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The four-month is calculated from the September 1 to December 31

4 0
3 years ago
Conscious marketing: Group of answer choices is often grafted on to traditional business model, usually as a separate department
Karo-lina-s [1.5K]

Answer:

recognizes that business is a subset of society, and that society is a subset of the planet.

Explanation:

Conscious marketing recognizes that business is a subset of society, and that society is a subset of the planet.

This ultimately implies that, conscious marketing encourages or jeer various organizations to engage in social responsibilities such as ethical and social activities.

Basically, an organization that engage in conscious marketing is very much concerned with having a sustainable and long-term brand’s performance by being authentic, ethical, transparent, and honest with its customers, in order to create a win-win relationships for both parties. The conscious marketing involves the following stakeholders;

1. Employees.

2. Society.

3. Consumers.

4. Market place.

Since conscious marketing recognizes that business is a subset of society, and that society is a subset of the planet, it makes organization to have conscience in serving all their stakeholders rather than just focusing on making sales and profits.

<em>Generally, when an organization engage in conscious marketing it helps them to improve their brand equity and thus, increasing their sales and profits. </em>

8 0
4 years ago
Knowledge Check 02 On February 28, the Jewelry store remits $975 of sales tax collected from its customers to the government. Pr
kodGreya [7K]

Answer:

Please refer to the below

Explanation:

Journal entry as seen below

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4 years ago
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VMariaS [17]
I think it would be B - employment success but i would get another opinion first
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3 years ago
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