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
Elis [28]
3 years ago
7

You and your spouse are in good health and have reasonably secure jobs. Each of you makes about $40,000 annually. You own a home

with a $100,000 mortgage, and you owe $11,000 on car loans, $2,000 in personal debt, and $3,000 in credit card loans. You have no other debt. You have no plans to increase the size of your family in the near future. You estimate that funeral expenses will be $5,000. Estimate your total insurance needs using the DINK method.
Business
1 answer:
chubhunter [2.5K]3 years ago
5 0

Answer:

$63,000

Explanation:

One of the four methods of determining insurance if the DINK method which means Double income with no kids.

To estimate the value of the insurance using this method , the sum of  , mortgage , car loans and personal debt is divided by two and added to the funeral expenses

Mortgage - 100,000

Car loan - 11,000

Personal debt - 2000

Credit card - 3000

Total = 116,000

Insurance = (116,000/2) = 58,000

Funeral expenses - 5,000

=63,000

You might be interested in
The steam requirements of a manufacturing facility are being met by a boiler whose rated heat input is 5.5 × 106 Btu/h. The comb
e-lub [12.9K]

Solution:

Given Information,

Heat input is ( Q_{in} ) = 5.5 × 10^{6} Btu/h

Combustion efficiency of the boiler (n_{furnance}) = 0.7

Combustion efficiency after turn up (n_{furnance,now}) = 0.8

Operation Hour (t) = 5200h

Unit cost (c) = \frac{23 dollar}{10^{6}Btu }

Calculate heat output from the boiler  Q_{out} = Q_{in} x n_{furnance}

                                                                      = 5.5 x 10^{6} x 0.7

                                                                      = 3.85 x 10^{6} Btu/h

Calculate the heat input to the boiler after the tune-up

(Q_{in} ){new} = Q_{out} / (n_{furnance} ){new}

               = 3.85 x 10^{6} / 0.8

               = 4.8125  x 10^{6} Btu/h

Calculate the saved energy after the tune-up

(Q_{in} ){saved} = Q_{in} - (Q_{in} ){new}

                 = 5.5 x 10^{6} - 4.8125  x 10^{6} Btu/h

                 = 0.6875  x 10^{6} Btu/h

Calculate the annual energy saving ( E_{Saving} )

E_{Saving} = (Q_{in} ){saved} x t

           = ( 0.6875  x 10^{6} Btu/h ) ( 5200 hr/yr)

           = 3575 x 10^{6} Btu/h

Calculate the annual cost saving

Annual cost saving = E_{Annual saving} x Unit cost

                                = 3575 x 10^{6} Btu/h x \frac{23 dollar}{10^{6}Btu }

                                = 82225

4 0
3 years ago
Morgan Company issues 9%, 20-year bonds with a par value of $750,000 that pay interest semiannually. The current market rate is
Leno4ka [110]

Answer:

$33,750

Explanation:

Given that

Bond per share = $750,000

Issued Amount = 9%

The computation of amount which is to be paid to the bondholders for every semi-annual interest payment is given below :-

Interest payment = bond per share × issued amount × (number of months ÷ total number of months in a year)

= $750,000 × 9% × 6 months ÷ 12 months

= $33,750

7 0
3 years ago
Deal or No Deal. You are a contestant with 5 suitcases left: $1 $30,000 $100,000 $300,000 $750,000 The bank offers you $250,000
Leviafan [203]

Answer:

Deal

Explanation:

Amount of cash left in the 5 Suitcase = $1 , $30000, $100000, $300000, $750000

The probability of selecting each bad is equal and it is 1/5

Thus, the expected value of prize = 0.2(1+30000+100000+300000+750000)

= 0.2 * 1180001

= $236,000.2 0

Since the bank is offering amount of $250,000 which is greater than the expected value, then it is considered as a deal.

3 0
3 years ago
When the purpose of cost allocation is to provide information for economic decisions or to motivate managers and​ employees, whi
natulia [17]

Answer:

The correct answer is C) the cause-‐‑and-‐‑effect and the benefits-‐‑received criteria.

Explanation:

In general, the costs that are collected in the accounts serve three general purposes:

  1. Provide cost reports to measure utility and evaluate inventory (income statement and balance sheet).
  2. Offer information for the administrative control of the operations and activities of the company (control reports).
  3. Provide information to support planning and decision making (analysis and special studies).

Control constitutes the management for the fulfillment of the proposed goals, while cost reduction refers to the effort aimed at achieving a decrease in the levels or magnitude of the costs. The cost of the quality of a product represents the work that requires the identification and administration of the necessary expenditures to maintain an adequate degree of quality, that is, the supervision of compliance with the rules of its design and its specifications.

6 0
3 years ago
If you have a checking account and want to buy something online, which method of payment would be most convenient? (Select the b
Sedbober [7]

Answer:

Using a Debit card

Explanation:

Online transaction and payments are transactions that are conducted virtually and electronically through the internet and computer network. One major attribute of this medium of payment is that physical method of payment are minimally used. An example of a medium of online payment is the use of a debit card

A debit card is a payment card issued by financial organization and linked to a customers checking account , which can be used to pay for purchases made through an online platform. It is a faster and saver means of payment.

7 0
3 years ago
Other questions:
  • Castle Company provides estimates for its uncollectible accounts. The allowance for uncollectible accounts had a credit balance
    6·1 answer
  • 10. Describe at least three steps you should take after finding out that your credit card was stolen.
    15·2 answers
  • what is a process of interaction and integration among people, businesses, and governments of different cultures?
    13·1 answer
  • A marketing research is most likely to serve as a _____ in a new product development team. functional representative process man
    13·1 answer
  • 2. If you run out of legal pads at home and there are several cases of legal pads at work, what
    5·2 answers
  • Role of a veterinary doctor in rearing livestock effectively
    15·1 answer
  • Tony made the following table to compare two career paths that he would like to consider. Review his table. Then, answer the que
    13·2 answers
  • During 2021, Phil Rupp presents the following transactions:_______.
    12·1 answer
  • I'm new here. What do I do? I dont even know anyone
    15·2 answers
  • Which of the following is NOT one of the factors complicating the techniques for addressing the fixed-position layout?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!