To answer the question above as to which type of life insurance policy combines term insurance and investment elements is letter C, Universal Life. Universal Life or in other term Permanent life Insurance is a type of insurance to which is flexible low-cost protection and term life insurance as well as the saving elements like the whole life insurance.
Answer: ASTM International
Explanation:
The group that is responsible for the establishment of standards which identify material specifications and testing procedures is referred to as ASTM International.
ASTM International was formerly called the American Society for Testing and Materials. This is an international standards organization which technical standards for different products, materials, systems, and services.
It was put in place in order to improve safety and to also improve the quality o both the consumer and the industrial products.
Answer:
c. $52,670
Explanation:
The computation of the fixed cost and the variable cost per hour by using high low method is shown below:
Variable cost per desk = (High cost - low cost) ÷ (Highest production - lowest production)
= ($82,700 - $63,300) ÷ (3,500 desk - 1,240 desk)
= $19,400 ÷ 2,260 desk
= $8.58
Now the fixed cost equal to
= High cost - (High production × Variable cost per desk)
= $82,700 - (3,500 desk × $8.58)
= $82,700 - $30,030
= $52,670
Answer:
1. Increase in real income percentage = 1.5%
2. Rate of inflation = 1.7%
Explanation:
For computing the percentage of how much real income would increase, we have to apply the formulas which are shown below:
The increase in real income percentage would be equal to
= increase in nominal income percentage - increase in price level percentage
= 5.3% - 3.8%
= 1.5%
And, the rate of inflation equals to
Nominal income - the rate of inflation = Real income
2.8% - rate of inflation = 1.1%
So, the rate of inflation = 1.7%
