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
Mariulka [41]
3 years ago
8

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

Business
1 answer:
Mariana [72]3 years ago
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

You might be interested in
You deposit $200 into the stock market. Every year your stock market account increases by 12 %. You leave the money in the accou
saveliy_v [14]

Answer:

Therefore after 5 year the balance in the stock market is $ 352.47.

Explanation:

Exponential growth formula :

y=a(1+r)^t

y= Final amount

a= initial amount

r= rate of growth

t= time

Given that,

The deposit amount = $200

Rate of interest (r)=12%=0.12

Time (t)=5 years

\therefore y=200(1+0.12)^5

      =$352.47

Therefore after 5 year the balance in the stock market is $ 352.47.

3 0
3 years ago
You have the following information on Marco's Polo Shop: total liabilities and equity = $210 million; current liabilities = $50
KengaRu [80]

Answer:

$60 million

Explanation:

The quick ratio is  the financial ratio of the current assets less inventory to current liabilities. While the accounting equation shows the relationship between the elements of a balance sheet which are assets liabilities and equity.

This may be expressed mathematically as

Assets = Liabilities + Equity

Given that quick ration is 1.7 and current liabilities = $50 million

1.7 = current assets less inventory/$50 million

current assets less inventory = 1.7 * $50 million

= $85 million

The total asset is made up of the current assets less inventory, inventory, fixed assets. Let the balance for fixed assets be y

$85 + $65 + y = $210   (all amounts in millions)

y = $210 - $150   (all amounts in millions)

y = $60   (all amounts in millions)

3 0
3 years ago
Majesty Productions accepted a $7,200, 120-day, 6% note from Swartz Studio on March 1. On the date the note matures, Swartz is u
weeeeeb [17]

Answer:

D. Debit Accounts Receivable $7,344; credit Interest Revenue $144; credit Notes Receivable $7,200.

Explanation:

Interest: $7,200 × .06 × 120/360 = $144

The entry that Majesty should record on the maturity date for this dishonored note is :

Debit Accounts Receivable $7,344

Credit Interest Revenue $144

Credit Notes Receivable $7,200.

5 0
3 years ago
Read 2 more answers
In most systems for reducing pollution using an effluent fee, the government is directly involved as a fee collector. For exampl
Ganezh [65]

The Italian government can increase the efficiency of its effluent system by becoming creating a law that makes it illegal to smoke in smoke-free zones.

<h3>What is an Effluent?</h3>

This refers to wastes that are secreted or released into the air, water, or underground channels.

Examples of effluents are:

  • Liquid factory waste
  • Smoke
  • Sewage etc.

See the link below for more about the effluent system:

brainly.com/question/6277954

3 0
2 years ago
Which of the following best describes the term customer contact points? Group of answer choices
kumpel [21]

Answer:

d.a customer interacting with a franchise employee

Explanation:

Customer contact points are avenues through which a company interacts with its customers directly. The modes of interactions include phone calls, written communication, online interactions, or one-on-one customer support.

Many businesses recognize the importance of customer contact points. They invest heavily to ensure that the customer gets a wonderful experience at the contact points.

6 0
3 years ago
Other questions:
  • The indirect and direct methods:
    11·2 answers
  • The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars): pretax
    15·1 answer
  • In free-enterprise systems around the world, there are
    13·2 answers
  • Eagle Corporation solicited bids for various parts it uses in the manufacture of jet engines. Eagle received six offers and sele
    11·1 answer
  • Jolly Company produces hula hoops. Jolly Company has the following sales projections for the upcoming​ year: First quarter budge
    8·1 answer
  • A 12-year capital lease specifies equal minimum annual lease payments. Part of this payment represents interest and part represe
    9·1 answer
  • Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three cubic centimeters
    15·1 answer
  • Stopping to take notes makes it harder to remember the details of something you’ve read.
    10·2 answers
  • You manage inventory as per the Economic Order Quantity (EOQ) model. However, you realize that you incorrectly specified the fix
    11·1 answer
  • Reserves are funds set aside for emergencies, such as a rush of withdrawals. true or false
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!