1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sashaice [31]
3 years ago
11

Marilyn Simms died with a $200,000 life insurance policy. Her husband, Jack, was the primary beneficiary and their children, Mim

i (age 24) and Ann (age 30), were the contingent beneficiaries. All three survived Marilyn. How would the policy proceeds be distributed?
Business
1 answer:
loris [4]3 years ago
8 0

Answer:

a) $200,000 to Jack

Explanation:

Data provided in the question  

Life insurance policy amount of Marilyn Simms  = $200,000

The primary beneficiary = Jack

The contingent beneficiaries = Their children

Now, the distribution of the policy could be taken by only Jack as he is her husband plus he is also a primary benefit of her life insurance policy,

So, the whole amount i.e $200,000 is distributed to Jack

You might be interested in
According to the law of diminishing marginal returns rev: 06_26_2018 Multiple Choice total product will fall and then rise as ad
IgorLugansk [536]

Answer:

The correct answer is: the additional product generated by additional units of an input will eventually diminish.

Explanation:

The law of diminishing marginal returns states that with each additional unit of input employed the marginal product of each additional input will go on declining.

This is why the total product will increase at first but after reaching a certain point it will start declining. The total product will be maximum at the point where the marginal product is zero. When marginal product becomes negative the total product will decline.

8 0
2 years ago
Read 2 more answers
The fundamental attribution error:______ a. advantages non-dominant group members while disadvantaging dominant group members. b
guapka [62]

Answer:

Option B      

Explanation:

In simple words, The fundamental mistake throughout the attribution refers to the propensity for individuals to overemphasise personal attributes and neglect environmental variables in evaluating actions of others.

For instance, in one experiment whenever something unpleasant occurred to somebody else, participants blamed the actions or attitude of that individual 65 per cent of the total times. Thus, from the above we can conclude that the correct option is B.

3 0
2 years ago
Inflows or other enhancements of assets or settlements of an entity's liabilities from delivering or producing goods, rendering
VladimirAG [237]

Answer:

REVENUES

Explanation:

Revenue, often referred to as sales, is the income received from normal business operations and includes discounts and deductions for returned merchandise. It is the top line or gross income on a company's income statement from which all charges, costs, and expenses are subtracted to arrive at net income.

4 0
2 years ago
Kijijo Auctions runs an online auction company. Its end-of-year financial statements indicate the following results. Total asset
katrin [286]

Answer:

40%

Explanation:

Total assets. $240,000

Less total liabilities ($130,000)

$110,000

Less common stock ($24,000)

Retained earnings at end $86,0000

Less Retained earnings at the beginning ($29,000)

Addition to retained earnings $57,000

Add dividends $6,400

Net profit earned $63,400

Add expenses $94,000

Revenue. $157,400

Therefore, company's net profit margin expressed as a percentage = Net profit earned / Revenue

= (63,400/157,400) × 100

= 40%

6 0
3 years ago
Alt Corp. issues 5,000 shares of $10 par value common stock at $14 per share. When the transaction is recorded, increases are ma
HACTEHA [7]

Answer:

c. Common Stock $50,000 and Paid-in Capital in Excess of Par Value $20,000.

Explanation:

The journal entry for issuance of the common stock for cash is shown below:

Cash A/c Dr $70,000

        To Common stock $50,000 (5,000 shares × $10)

        To Additional paid in capital A/c - Common stock A/c $20,000

(Being the common stock is issued for cash)

While recording this entry it increased the assets so the cash account is debited while at the same time it also increased the common stock for $50,000 and the additional paid in capital in excess of par value i.e $20,000 so both these account are credited

8 0
3 years ago
Other questions:
  • If a salesperson persuades a customer to purchase a higher-priced item than the customer initially intended, the salesperson has
    6·1 answer
  • What is the present value of 10 equal payments of $16,500 to be made at the end of each year for the next 10 years?
    12·1 answer
  • Command and Control Regulation is when____.
    5·1 answer
  • An on-premises workload consists of a single server with an Apache instance and a MySQL database. The Solutions Architect plans
    6·1 answer
  • 8) This is the difference between how much money a business makes and how much it costs to make their goods.
    8·2 answers
  • What are the disadvantages of a mixed economy?
    12·2 answers
  • A 10-year loan of 120,000 is to be repaid with payments at the end of each month. Interest is at an annual effective rate of 6.0
    13·1 answer
  • Which of the following is not an example of a<br>n IDE device??​
    12·1 answer
  • Certify Completion Icon Tries remaining:3 Suppose that you and a friend are playing cards and you decide to make a friendly wage
    8·1 answer
  • The market price of a bond issued at a premium is the present value of its principal amount at the market rate of interest:
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!