All categories

3 years ago

When a policy is surrendered for its cash value,?

1 answer:

8 0

The cash surrender value is the sum of money an insurance company pays to the policyholder or annuity holder in the event his policy is voluntarily terminated beforeits maturity or the insured event occurs.

You might be interested in

ou open a business selling art supplies and lessons. In your first month, you had the following total sales: $4,000 in paint, $2

never [62]

8,400 is your answer all you have to do is add the 4 sales and subtract the discounts and the returns

8 0

3 years ago

Read 2 more answers

A firm incurs $400 to manufacture a television. In the market, customers are willing to pay a maximum of $600 for the television

kotykmax [81]

Answer:

D. Economic value created.

Explanation:

The reason is that the economic value created is the difference between the price the customer is willing to pay and the cost that the product actually costs to the firm.

Following is the formula for calculation of economic value created:

Economic Value Created = Value customer willing to pay - Cost of product

Here the television costs $400 to the firm and the customer is willing to pay $600 for the television. So by putting the values we have:

Economic Value Created = $600 - $400 = $200

So the correct option is option D.

5 0

3 years ago

Adams Moving and Storage, a family-owned corporation, declared a property dividend of 1,200 shares of GE common stock that Adams

KATRIN_1 [288]

Answer:

Explanation:

The journal entries are shown below:

1. Loss on Investment A/c Dr $1,800 (1,200 shares × $31 - $39,600)

To GE shares investment A/c $1,800

(Being the adjustment is recorded)

2. Retained earnings A/c Dr $37,200 (1,200 shares × $31)

To Property Dividends Payable $37,200

(Being the entry is made on declaration date)

3. Property Dividends Payable A/c $37,200

To GE shares investment A/c $37,200

(Being the entry is made on payment date)

4 0

3 years ago

The interest on the projected benefit obligation component of pension expense:__

Aleonysh [2.5K]

Answer:

Option b (reflects..................settled) is the right response.

Explanation:

The estimated beneficiary obligation was indeed unwounded by that of the identification of inflation rates through an investment that raises something both PBO reserve as well as the retirement expenditure between each duration.
The premium on either the expected advantage commitment portion including its pension cost illustrates the amounts beyond which the pension contributions will indeed be reasonably negotiated.

Any other option is not connected to that case. That's the right choice.

4 0

2 years ago

Suppose at her current level of consumption, a person enjoys going to an additional baseball game three times as much as seeing

AleksAgata [21]

Answer:

The person is NOT spending her income for both goods in a manner that maximizes her satisfaction.

Explanation:

Based on the information given The person is NOT spending her income for both goods in a manner that maximizes her satisfaction which means that she would have to INCREASE baseball games consumption and DECREASE movies consumption reason been that we were told that an individual enjoys going to baseball game three times compare to seeing new movie which therefore means The price of the ticket for a baseball game which is the amount of $30 should be increase while the price of a ticket for a movie which is the amount of $15 should be decrease.

3 0

2 years ago