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
strojnjashka [21]
3 years ago
7

Q has a traditional whole life policy with a $10,000 face amount, a $5,000 cash value, and a $4,999 policy loan and loan interes

t outstanding. Q will forfeit the policy when the policy loan reaches ________ for failing to pay loan interest on a timely basis.
Business
1 answer:
Vinil7 [7]3 years ago
3 0

Answer:

Reaches or exceeds the cash value.

Explanation:

A traditional whole life policy is an insurance policy or plan that covers the entire life of an individual. It also provides or gives a certain amount to the beneficiaries of the individual in case the individual dies.

A cash value in traditional whole life policy is the amount a person on a traditional life policy receives if he or she decided to quit the life policy as well as forfeit the payment to his or her beneficiaries of he or she dies.

A policy loan is the loan that a person takes from his or her life traditional life policy which must not exceed the cash value of the traditional life policy. A policy loan also comes loan interest that must be paid on a timely basis.

When the outstanding policy loan is higher than the case value of the traditional life policy the insurance company may cancel the traditional life policy.

You might be interested in
Celine Co. will need €500,000 in 90 days to pay for German imports. Today's 90-day forward rate of the euro is $1.07. There is a
harkovskaia [24]

Answer:

$1,000

Explanation:

The computation of the expected value of the real cost of hedging payable is shown below:-

Real cost of hedging 1 = (€500,000 × $1.07 × (90 ÷ 360)) - (€500,000 × $1.02 × (90 ÷ 360))  

= $133,750 - $127,500

= $6,250

Real cost of hedging 2 = (€500,000 × $1.07 × (90 ÷ 360)) - (€500,000 × $1.09 × (90 ÷ 360))

= $133,750 - $136,250

= -$2,500

Expected value of the real cost of hedging payable = (Real cost of hedging 1 × Spot rate Given Percentage) + (Real cost of hedging 2 × Given percentage)

= ($6,250 × 0.40) + (-$2,500 × 0.60)

= $2,500 - $1,500

= $1,000

7 0
3 years ago
At December 31, 2018, Moonlight Bay Resorts had the following deferred income tax items: Deferred tax asset of $54 million relat
Ratling [72]

Answer:

Net deferred tax liability in non current liabilities = $84 million

Net deferred tax liability in current liabilities = $18 million

Explanation:

Deferred tax that is deferred tax asset or deferred tax liability can only be sett off against each other only when the tax in asset or tax in liabilities is to be paid to same tax authority.

Thus,  here assuming these are paid to same authority of taxes, thus these are sett off.

In the given case,

Deferred tax asset for current liability = $54 million

Deferred tax liability for current asset = $72 million

Net deferred tax liability in current liabilities = $18 million = (72 - 54)

Deferred tax asset for non current liability = $36 million

Deferred tax liability for non current asset = $120 million

Net deferred tax liability in non current liabilities = $84 million

Final Answer

Net deferred tax liability in non current liabilities = $84 million

Net deferred tax liability in current liabilities = $18 million

4 0
4 years ago
A stadium's normal ticket price is $90. If the special promotional price for the ticket is $81, what percentage discount was bei
algol13

Answer:

10%

Explanation:

if you do 10% off of 90$ you get 81$

8 0
3 years ago
Which is not an intensity level of distribution?
nika2105 [10]
A.exclusive it’s not an intense level of distribution
4 0
3 years ago
Many economists oppose a constitutional amendment that would require a balanced budget for the federal government because it wou
masha68 [24]
False is the correct answer
8 0
3 years ago
Other questions:
  • The following stock transactions were completed by the executive vice president of Vinco, Inc., a publicly traded corporation: J
    6·1 answer
  • PLEASE ANSWER FAST
    8·1 answer
  • Prices tell entrepreneurs which areas of the economy they may profitably expand into
    14·1 answer
  • Freedom of ownership is part of what and what environment?
    14·1 answer
  • If inflation in the United States is 4% per year and in the United Kingdom it is 8% per year, and interest rate in the United Ki
    10·2 answers
  • Which of these items is not considered to be a want?
    14·1 answer
  • If you were assigned to prepare a capital expenditure budget request, what two people would you most want to have on your team?
    14·1 answer
  • Brief Exercise 10-2 Your answer is partially correct. Try again. For the quarter ended March 31, 2020, Croix Company accumulates
    15·1 answer
  • How many types of bankruptcy cases are provided for in the Bankruptcy Code?
    7·1 answer
  • A restaurant currently uses 62,500 boxes of napkins each year at a constant daily rate. the cost to order napkins is $200.00 per
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!