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Aleonysh [2.5K]
3 years ago
15

A 42-year-old executive wants to purchase life insurance that will allow for increases or decreases to coverage as his/her needs

change. Which of the following policies will best meet this need?
A) Endowment at Age 75
B) Universal Life
C) Graded Benefit Whole Life
D) Modified Whole Life
Business
1 answer:
iris [78.8K]3 years ago
8 0

Answer:

B) Universal Life

Explanation:

UNIVERSAL LIFE INSURANCE is a type of insurance which is very flexible because it enables a person or an individual to pay monthly insurance fee in which the fee will be divided into two different part where one of the fees will cover the individual life insurance and the second one will go into the person saving and investment account .

Secondly UNIVERSAL LIFE enables the holder of the policy to choose how much premium he or she wishes to pay.

Thirdly UNIVERSAL LIFE INSURANCE is an insurance that tend to last for the whole entire life of the policy holder reason been that the insurance is constant and it is everlasting meaning it does not change.

Therefore based on the information given about the 42 years old Executive the policies that will best meet this need will be UNIVERSAL LIFE INSURANCE

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Good Earth, a company manufacturing packaged food products, sets up its stores in Baltonia. However, a year later, the company c
gulaghasi [49]

Answer:

sunk costs

Explanation:

Based on the information provided within the question it can be said that this money spent would be considered an example of sunk costs. In the context of economics, this term refers to a cost that has already been spent and can no longer be recovered. Which in this case since they already purchased the store, they can no longer recover the money that they put into it.

6 0
3 years ago
Financial statement data for the years ended December 31 for Dovetail Corporation follows:2016 2015Net income $448,750 $376,000
Mandarinka [93]

Answer:

The earnings per share for 2016 are $5.45 per share while the earnings per share for 2015 were $5.60 per share.

The earnings per share has fallen in 2016 as compared to 2015, thus there is an unfavorable trend.

Explanation:

Earning per share (EPS) is the amount of net income allocable to each share of common stock outstanding. It is a useful measure for investors as it tells them how much $ return a business in earning on every share of common stock. The earnings per share is calculated as follows,

Earnings per share = (Net Income - Preferred dividends) / Weighted average shares on common stock outstanding

<u />

<u>The earnings per share for Dovetail is</u>

2015 EPS = (376000 - 40000) / 60000    = $5.60 per share

2016 EPS = (448750 - 40000) 75000    = $5.45 per share

4 0
3 years ago
A firm has return on assets (roa) of 15 percent, and debt-equity ratio of 60 percent. calculate the firm's return on equity (roe
Olenka [21]
<span>Given that a firm has return on assets (roa) of 15 percent, and debt-equity ratio of 60 percent.

Then, equity multiplier = 1 + Debt-equity ratio = 1 + 60/100 = 1 + 0.6 = 1.6

Return on equity (roe) is given by return on asset multiplied by the equity multiplier.

Therefore, the firm's return on equity is 1.6 x 0.15 = 0.24 = 24%.
</span>
6 0
3 years ago
Which sentence best explains the mistake Maggie made? Her mortgage payments are high, and some months, she earns barely enough t
blondinia [14]

Answer:

She failed to properly assess her risk of storm damage.

Explanation: Edge 2021

4 0
3 years ago
In competitive markets: Group of answer choices firms set the prices for their products with little concern for the consumer. fi
Karo-lina-s [1.5K]

Answer:

market forces are much stronger than individual firms are

Explanation:

In a competitive market, firms are price takers. They do not set the price for their products. Prices are set by market forces.

8 0
4 years ago
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