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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

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Wiley Company purchased new equipment for $60,000. Wiley paid cash for the equipment. Other costs associated with the equipment
user100 [1]

Answer:

The cost recorded for the equipment=$66,500

Explanation:

When dealing with the total cost of an equipment we take the purchase cost and other additional associated costs that come with the equipment. This can be expressed as;

T=P+A

where;

T=total cost

P=purchase cost

A=additional costs(transportation cost+sales tax+installation cost)

In our case;

T=unknown

P=$60,000

A=(1,000+3,000+2,500)=$6,500

replacing;

T=60,000+6,500=66,500

The total cost=$66,500

The cost recorded for the equipment=$66,500

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3 years ago
Zola just secured her first job after college, and she's heard that it's important to start investing for her retirement. She ca
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Answer:

IRA

Explanation:

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2 years ago
from accessibility improvement to land development: a comparative study on the impacts of madrid-seville high-speed rail.
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The five cities connected by the Madrid-Seville High-Speed Rail (HSR)—Madrid, Ciudad Real, Puertollano, Cordoba, and Seville—that have changed their land cover are the subject of this study. Between 1991 and 2006, there was an analysis. According to the report, the two largest cities in the Madrid-Seville region—Madrid and Seville—receive the majority of the benefits from land development, although smaller HSR-served cities also gain from this. Each city has its own unique land development process.

Madrid–Seville high-speed rail line.
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to learn more about Seville High-speed rail line
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6 0
1 year ago
Suppose that you deposit $4,500 in your bank and the required reserve ratio is 18 percent. the maximum loan your bank can make a
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Suppose that you deposit $4,500 in your bank and the required reserve ratio is 18 percent. The maximum loan your bank can make as a direct result of your deposit is 3690.

<h3>What exactly is a bank loan and the required reserve ratio?</h3>
  • A loan is a quantity of money that one or more people or businesses obtain from banks or other financial organizations in order to handle their finances in connection with anticipated or unforeseen circumstances.
  • By doing this, the borrower creates a debt that must be repaid with interest within a predetermined time frame.
  • The percentage of deposits that authorities mandate a bank maintain in reserves and refrain from lending out is known as the required reserve ratio.
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Hence, The maximum loan your bank can make as a direct result of your deposit is 3690.

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A random sample of 16 students selected from the student body of a large university had an average age of 25 years and a standar
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