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3 years ago

An insured stops making payments on a loan taken from his cash value policy. What will most likely happen

1 answer:

8 0

When an insured stops making the payments on the loan taken his cash value policy will terminate when the loan amount with interest equals or exceeds the cash value

Explanation:

Cash value policy are the type of saving policy and they provide the life time coverage of the policy holders most cash values have high premiums than the insurance

It requires a fixed level premium payment and the from that amount the money is allocated for different reasons according to the wish of the policy holder and the remaining amount is deposited as the cash value amount

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Which of the following can increase your credit card’s APR

VladimirAG [237]

Paying off the full balance

As a guidelines, your Credit Card APR will be increased if you are responsible in paying all your credit and show that you are a good user.

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3 years ago

Compared with apartment dwellers whose landlords pay their electricity costs, those apartment dwellers who pay their own electri

WARRIOR [948]

Most likely operant conditioning, particularly involving positive reinforcement. Operant conditioning uses environmental stimuli to condition the tenants' behavior to save energy since they themselves will be rewarded with lower bills by doing so. Classical conditioning relies on stimulating reflex behavior, which is not the case in the given statement.

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3 years ago

Bentley estimates manufacturing overhead of $3,251,600 for 2013 and will apply overhead to units produced based on 739,000 machi

saul85 [17]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Estimated overhead= $3,251,600

Estimated machine-hours= 739,000

During 2013, Bentley used $1,640,000 of raw materials, paid $5,335,800 of direct labor, generated 734,000 machine hours, and produced 2,190,000 units.

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 3,251,600/739,000

Predetermined manufacturing overhead rate= $4.4 per machine hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 4.4*734,000= $3,229,600

Finally, we can determine the total cost and unitary cost:

Total cost= 1,640,000 + 5,335,800 + 3,229,600= $10,205,400

Unitary cost= 10,205,400/2,190,000= $4.66 per unit

4 0

3 years ago

Rowan Co. purchases 200 common shares (40%) of JBI Corp. as a long-term investment for $600,000 cash on July 1. JBI Corp. paid $

aleksley [76]

Answer:

1. Jul-01

Dr Investment in JBI Corp $ 600,000

Cr Cash $ 600,000

2. Nov-01

Dr Cash $ 5,000

Cr Investment in JBI Corp $ 5,000

3. Dec-31

Dr Investment in JBI Corp $ 100,000

Cr Investment revenue $ 100,000

Explanation:

1. Preparation of Rowan's entries to record the purchase of JBI shares

Jul-01

Dr Investment in JBI Corp $ 600,000

Cr Cash $ 600,000

[To record investment in common shares of JBI Corporation]

2. Preparation of Rowan's entries to record the receipt of its share of JBI dividends

Nov-01

Dr Cash [12,500*40%] $ 5,000

Cr Investment in JBI Corp $ 5,000

[To record receipt of dividends]

3. Preparation of Rowan's entries to record the December 31 year-end adjustment for its share of JBI net income

Dec-31

Dr Investment in JBI Corp [$250,000*40%] $ 100,000

Cr Investment revenue $ 100,000

[To record share of net income for the year]

4 0

3 years ago

Cahuilla Corporation predicts the following sales in units for the coming four months: April May June July Sales in units 300 34

AlladinOne [14]

Answer:

Production budget for May = 336 units

Explanation:

The production budgeted for a particular period is the expected units to be produced after adjusting the sales budget figures for opening and closing inventories.

Production = Sales volume + closing inventory - opening inventory

Closing inventory in May =40%× 300

opening inventory in May = Closing inventory in April= 40%×360

Production budget = 360 + (40%× 300) -(40%× 360)=336

Production budget for May = 336 units

4 0

3 years ago