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tigry1 [53]
3 years ago
8

All the following statements concerning term insurance are correct EXCEPT: Group of answer choices Most policies can be renewed

for additional periods without evidence of insurability. Most policies can be converted to a permanent life insurance policy. Most policies have a nonforfeiture benefit to refund a portion of a policy's cash value when coverage stops. The insurance provides protection for a certain period of time.
Business
1 answer:
Andru [333]3 years ago
8 0

Answer: Most policies have a nonforfeiture benefit to refund a portion of a policy's cash value when coverage stops.

Explanation:

Term insurance is a type of life insurance policy whereby the policy owner will be given coverage for a particular time period.

It should be noted that term insurance can be renewed for additional periods without evidence of insurability and can also be converted to a permanent life insurance policy.

The option that most policies have a nonforfeiture benefit to refund a portion of a policy's cash value when coverage stops is not true.

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Liula [17]

Answer:

Journal entry that  Parent will make on the date of acquisition to record the investment in Son Inc. is <u>$1035000.</u>

Explanation:

Journal entry Parent make on the date of acquisition to record the investment in Son Inc.

The net worth of Son’s Inc. is $ 1150000. The parent acquires 90 % of it . So we assume that 90 % stock is held by parent for $ 1035000.

5 0
3 years ago
A disadvantage of using the payback period to compare investment alternatives is that:
Murljashka [212]

Answer: Option a

                             

Explanation: Payback period in capital budgeting comes from a time needed to recover or exceed the break-even point of the funds spent on a project. Moreover, the payback period does not take into account the time value of money.

It is based on the number of years it would take for the funds spent to be recovered. Thus, payback period only evaluates a project on the basis of time period it takes to recover back the investment this results in ignorance of cash flows, which might be huge in amount, that results after the pay back period.

3 0
3 years ago
Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for
Juliette [100K]

Answer:

Results are below.

Explanation:

<u>The absorption costing method includes all costs related to production, both fixed and variable. </u>The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

<u>The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).</u>

<u>Absorption costing:</u>

<u />

Unitary fixed overhead= 940,000/23,000= $40.87

Unitary production cost= 180 + 340 + 51 +40.87

Unitary production cost= $610.87

<u>Variable costing:</u>

Unitary production cost= 180 + 340 + 51

Unitary production cost=$571

8 0
3 years ago
_____ involves determining everyone involved in the project or affected by it, and determining the best ways to manage relations
dimaraw [331]
The best answer to fill in the blank would be A).
5 0
3 years ago
A sample of 51 observations will be taken from an infinite population. The population proportion equals 0.85. The probability th
3241004551 [841]

Answer:

c. 0.0819

Explanation:

The mean = 0.85

standard error of the proportion is:     sp = sqrt(pq/n)

= sqrt ((.85)(0.15) / 51) = 0.05

P(0.9115 < X < 0.946) = P( (0.9115 - 0.85) / 0.05 < z < (0.946 - 0.85) / 0.05 )

= P(1.23 < z < 1.92)

= P(z < 1.92) - P(z < 1.23) = 0.0819

8 0
3 years ago
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