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3 years ago

Which type of life insurance policy combines term insurance and investment elements?

Business

2 answers:

zysi [14]3 years ago

7 0

Answer:

The correct answer is C: Universal Life

Explanation:

Universal life insurance is a type of cash value permanent life insurance with an investment savings elements. Most of them contains a flexible premium option. However, under the terms of the policy, the excess of premium payments above the regular cost of insurance is credited to the cash value of the policy every month plus an interest. Therefore that this type of life insurance combines both term insurance and invesment elements.

Ne4ueva [31]3 years ago

6 0

To answer the question above as to which type of life insurance policy combines term insurance and investment elements is letter C, Universal Life. Universal Life or in other term Permanent life Insurance is a type of insurance to which is flexible low-cost protection and term life insurance as well as the saving elements like the whole life insurance.

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Majestic Corporation manufactures wheel barrows and uses budgeted machine hours to allocate variable manufacturing overhead. The

andre [41]

Answer:

$409185

Explanation:

Given: Budgeted output units: 28,475 units

Budgeted machine-hours: 17,085 hours

Budgeted variable manufacturing overhead costs for 28,475 units: $358,785

Actual output units produced: 32,475 units

Actual machine-hours used: 15,000 hours

Actual variable manufacturing overhead costs: $384,060.

First, we will find Budgeted machine hour per unit produced.

Budgeted machine hour per unit produced= $\frac{Budgeted\ machine\ hour}{Budgeted\ units}$

⇒ $Budgeted machine hour per unit produced= 17085\div 28475= 0.6$

∴Budgeted machine hour per unit produced= 0.6

Budgeted machine hours allowed for 32475 units= $32475\times 0.6= 19485$

Budgeted variable overhead rate per machine hour= $\textrm {Budgeted variable manufacturing overhead costs}\div Budgeted\ machine\ hours$

Budgeted variable overhead rate per machine hour= $358785\div 17085= \$ 21$

Now, lets find out flexible budget amount.

Flexible budget amount= $\textrm{Budgeted machine hours allowed}\times \textrm{Budgeted variable overhead rate}$

Flexible budget amount= $19485\times \$ 21= \$ 409185$

∴Flexible budget amount for variable manufacturing overhead= $409185

6 0

3 years ago

Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,800 units (solar panels) in July a

azamat

Answer and Explanation:

The preparation of the factory overhead budget for August month is shown below:

Total budgeted direct labor $286,000

(5,500 × 4 hours × $13)

variable factory overhead 70%

Budgeted overhead $200,200 ($286,000 × 70%)

Add: Fixed overhead $179,000

Budgeted total factory overhead $379,200

Hence, the budgeted total factory overhead is $379,200

4 0

3 years ago

You do an internet search and the results list includes the Web site www.FDIC.gov. This information is?

MAVERICK [17]

The answer is b
Hope I got it right

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3 years ago

Read 2 more answers

Rhonda is a procurement officer for the government and needs to hire a new plumbing company that she could pay a fixed price per

ella [17]

Answer:

comparative cost pricing

Explanation:

In comparative cost pricing strategy different prices charged by different seller is presented to buyer. The buyer has freedom to choose any price option based on comparative analysis of price.

In the question given above plumbing firms have given their prices to Rhonda and she chose lowest price which can be explained by comparative cost pricing.

8 0

2 years ago

At the beginning of the project, it may not be possible to estimate the costs for all activities with a level of confidence rega

Marina CMI [18]

Answer: Longer-term project

Explanation:

At the beginning of a project, it may not be possible to estimate the costs for all activities with some levels of confidence regarding their accuracy if the project isn't a short-term project, because it's not really possible to accurately fortell the costs of unforseeable outcomes and factors that may affect the project in one way or the other in the long run.

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3 years ago