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3 years ago

If a client chooses to pay premiums other than annually, what can he or she expect?

Business

1 answer:

Semenov [28]3 years ago

6 0

Answer:

More payment

Explanation:

In line with the time-value of money you pay more when you pay your premiums monthly because you pay an interest on the annual amount. There is always an interest charged for the administrative costs of processing your 12 monthly payments as opposed to 1 annual payment of the insurance premium

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Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the

telo118 [61]

Answer:

a. $175.50 and $11,060,000

b. $31,242,500

Explanation:

The computation of the fixed cost and the variable cost per unit by using high low method is shown below:

Variable cost per units = (High total cost - low total cost) ÷ (High units produced - low units produced)

= ($32,120,000- $25,100,000) ÷ (120,000 units - 80,000 units)

= $7,020,000 ÷ 40,000 units

= $175.50

Now the fixed cost equal to

= High total cost - (High units produced × Variable cost per unit)

= $32,120,000 - (120,000 units × $175.50)

= $32,120,000 - $21,060,000

= $11,060,000

Now the estimated total cost is would be

= Fixed cost + expected units of production × variable cost per unit

= $11,060,000 + 115,000 units × $175.50

= $11,060,000 + $20,182,500

= $31,242,500

5 0

3 years ago

Read 2 more answers

The option of sticking with the current business lineup makes sense when

worty [1.4K]

Answer:

The correct answer is the option A: the company's present business offer attractive growth opportunities and can be counted on to create economic value for shareholders.

Explanation:

To begin with, the fact that a company faces the dilemma between continue with the current business lineup or change it in order to begin producing a new one by starting from zero then a lot of variables must be taken care of and considered, that is, that at the moment of making the final decision the managers must understand the opportunity costs that can affect the organization and moreover the benefits that the actual lineup makes. That is why, that at the time of sticking with the current business lineup it makes sense to continue with the current one when the company's present business offer attractive growth opportunities and can be counted on to create economic value for shareholders.

8 0

3 years ago

Destin Company signs a contract to manufacture a new 3D printer for $80,000. The contract includes installation which costs $4,0

amm1812

Answer:

From the question, the contract stipulates that Destin Company has three (3) performance obligations.

1. Manufacture a new 3D printer

2. Installation of the 3D printer.

3. Maintenance of the 3D printer over the life of the printer.

All three of these are to be performed by Destin Company for the client they signed the contract with.

4 0

3 years ago

The Federal Deposit Insurance Corporation was established in 1933, during the Great Depression, to:_________

ICE Princess25 [194]

Answer:

b) help stop bank failures throughout the United States.

Explanation:

A bank run can be defined as a situation where bank clients or depositors make withdrawals of their money simultaneously from banks as a result of them being scared or afraid the depository institution will run out of cash (bankruptcy) and become insolvent.

The Federal Deposit Insurance Corporation which is also generally referred to as the FDIC was a New Deal program introduced by President Franklin D. Roosevelt in 1933 and it was designed to prevent bank failures or bank runs and restore the public's faith in the banking system.

Hence, the Federal Deposit Insurance Corporation (FDIC) was established on the 16th of June, 1933 so as to counter or mitigate the problem with bank runs.

Generally, the income generated from the premium payments of insured banks is used to fund or finance the Federal Deposit Insurance Corporation (FDIC).

Additionally, to avoid bank runs or other financial institutions from being insolvent, the Federal Reserve (Fed) and Central banks (lender of last resort) are readily accessible and available to give monetary funds to these institutions when they're running out of money and as well as regulate their activities.

In conclusion, the Federal Deposit Insurance Corporation (FDIC) was established in 1933, during the Great Depression, to help stop bank failures throughout the United States.

7 0

3 years ago

Consider the borrowing rates for Parties A and B. A wants to finance a $100,000,000 project at a FIXED rate. B wants to finance

QveST [7]

Answer:

party A will pay floating rate while party B will pay fixed rate

Explanation:

For A

Sources at floating rate = prime 1%

received fixed rate = 8.9%

For B

sources fixed rate = 8.9%

Received floating rate = prime 1%

For a mutually beneficial interest only swap that makes money for A,Band the swap bank in equal measure, the party A will pay floating rate while party B will pay fixed rate

4 0

3 years ago