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stealth61 [152]
3 years ago
13

Richard Beck has a life insurance policy which he has modified to include an accidental death benefit payable to his son and dau

ghter. This modification has most likely been done by attaching a(n) ____ to the policy.
1. double indemnity provision
2. accelerated benefits
Business
1 answer:
Ksju [112]3 years ago
7 0

Answer:

The correct answer is number (1): double indemnity provision.

Explanation:

A double indemnity provision is added in life insurance to double the amount the beneficiaries of the policyholder receive in front of his or her death in an accident. Double indemnity provision does not cover events in which the policyholder dies because of natural reasons or when those individuals had hazardous jobs. Premiums are higher with a double indemnity provision.

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In the long run, fiscal policy influences a. saving, investment, and growth; in the short run, fiscal policy primarily influence
Studentka2010 [4]

Answer:

The correct option here is A) .

Explanation:

Fiscal policy is a tool which is used by a government to influence the economy , through the changes in spending and taxation ( of governments ). This policy affects the economy in both short run and long run. Fiscal policy has its effect on aggregate demand for goods and services and is very much capable of influencing savings, investment and growth in the economy through its contractionary and expansionary fiscal policies. So thus from the above information it can be said that the option A is correct.

3 0
3 years ago
Question ObjectivesTest side bar expand button Q 3.2: According to the historical cost principle, if an asset costs $50,000 when
harkovskaia [24]

Answer:

A.

Explanation:

The cost principle means that in accounting, any transaction is recorded at the historical purchase price.

A fair value is the amount at which an asset could be exchanged in an arm´s length transaction between knowledgeable and willing parties.

Revaluation of fixed assets is not allowed for GAAP.

An appreciated value is an increase in the value of an asset over time.

A market value is the price at which a product or service could be sold in a competitive, open market.

3 0
3 years ago
Craigmont company's direct materials costs are $3,000,000, its direct labor costs total $7,000,000, and its factory overhead cos
Ivanshal [37]
Conversion cost is defined as the sum of direct labor costs and manufacturing overhead costs. It is the manufacturing cost needed to convert raw materials to a product. From the information given above, the conversion cost is the summation of direct material costs, direct labor costs and factory overhead costs. 
$3000,000 + 7,000,000 + 5,000,000 = 15,000,000
Therefore, the conversion cost is $15,000,000.
3 0
3 years ago
Tercer reports the following for one of its products. Direct materials standard (4 lbs. $2 per lb.) Actual direct materials used
Natalka [10]

Answer:

Results are below.

Explanation:

Giving the following information:

Direct materials standard (4 lbs. $2 per lb.)= $8 per finished unit

Actual direct materials used (AQ)= 300,000

Actual finished units produced= 60,000

Actual cost of direct materials used= $535,000

<u>To calculate the direct material price and quantity variance, we need to use the following formulas:</u>

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (2 - 1.783)*300,000

Direct material price variance= $65,100 favorable

Actual price= 535,000 / 300,000= $1.783

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (4*60,000 - 300,000)*2

Direct material quantity variance= $120,000 unfavorable

6 0
3 years ago
In the vast majority of commercials that advertise cleaners, a woman is shown using the product, even though the high percentage
erma4kov [3.2K]

Answer:

Sex roles are portrayed stereotypical

Explanation:

The people perceive that the household issues like cooking, washing clothes, children mentoring, etc are the jobs of the women becuase this is how they had contributed to the family in the past. So media stereotypically perceives the same way the society does and also portrays it the same way.

7 0
3 years ago
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