The answer to this question is a modified endowment contract. A modified endowment contract or MEC is a type of life insurance policy where in the policy/ insurance is being funded with more money or the insurance premium payment exceeds the amount allowed under the federal law. The modified endowment contracts are taxable.
Answer:
8.09%
Explanation:
the coupon paid by each bond = $1,000 x 8% = $80
the net amount of money received from each bond = $990
n = 20
now we must find the yield to maturity:
YTM = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]
YTM = {$80 + [($1,000 - $990)/20]} / [($1,000 + $990)/2] = $80.50 / $995 = 0.0809 = 8.09%
Answer:
This question is incomplete. The multiple choice options are missing.
The options are the following:
A - process-focused process
B - modular process
C - repetitive process
D - mass customization process
E - product-focused process
And the correct answer is the option A: Process-focused process.
Explanation:
To begin with, the concept known as <em>''process-focused process''</em> in the field of management refers to the production process that focus mainly in the uniqueness of the product in order to facilitate low-volume high-variety productions. Moreover, the main reason of using this type of process is to focus on the production of an unique item that must goes from one department to another to make it perfectly designed as ordered, therefore that this process is also called as ''job shop''.