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vazorg [7]
3 years ago
13

Stephanie is the wage earner in a "typical family" with $36,000 gross annual income. Use the easy method to determine how much i

nsurance she should carry. Stephanie is the wage earner in a "typical family" with $36,000 gross annual income. Use the easy method to determine how much insurance she should carry.m/search?
Business
2 answers:
Pie3 years ago
7 0

Answer:

$176,400

Explanation:

Annual gross income = $36,000

To determine Stephanie's insurance need, we need to multiply the gross income by a factor of 0.70, then multiply by 7 years.

Therefore,

Insurance need = Income x 0.70 x 7

= $36,000 x 0.70 x 7

= $176,400

MA_775_DIABLO [31]3 years ago
6 0

Answer:

$176,400

Explanation:

Life insurance need = 0.70 × Salary amount × 7

= 0.70 × $36,000 × 7

= $176,400

Therefore using the easy method the amountof insurance that Stephanie should carry is $176,400

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A "foreign bond" issue is
cupoosta [38]

Answer:

d. both b and c

A foreign bond is when a foreign entity issues a bond in a local market and in local currency so for example if a Italian company issued a bond to borrow money from American markets, and the bond was issued in USA and it's currency was dollars then it would be classified as a foreign bond so in this case both B and C are correct because a German MNC issuing dollar denominated bonds is an example of a foreign entity issuing a bond in a local market denominated in local currency, and a bond issues by a foreign borrower to investors in national market and denominated in that nation's currency is also an example of a foreign bond

Explanation:

7 0
2 years ago
g Haack Inc. is a merchandising company. Last month the company's cost of goods sold was $84,000. The company's beginning mercha
Mrac [35]

Answer:

Cost of goods purchased= $82,000

Explanation:

Giving the following information:

Last month the company's cost of goods sold was $84,000. The company's beginning merchandise inventory was $20,000 and its ending merchandise inventory was $18,000.

We know that:

Cost of goods purchased= cost of goods sold + ending inventory - beginning inventory

Cost of goods purchased= 84,000 + 18,000 - 20,000= 82,000

6 0
2 years ago
Read 2 more answers
A single-price monopoly is producing at an output level where marginal revenue is $15, marginal cost is $13, and price is $20. T
s344n2d4d5 [400]

The monopoly is maximizing its profit but still should decrease output to earn even more profit. A market structure characterized by a single seller selling a market-exclusive product. The seller has no competition in a monopoly market because he is the sole seller of goods with no close substitute.

The  Monopoly occurs when one market is the sole provider of phone service in a given area. A cat is the only pet that can be aloof, which is an example of monopoly. A monopoly is a phone company that is the only provider of phone service in a given area.

To learn more about Monopoly, click here.

brainly.com/question/5992626

#SPJ4

7 0
1 year ago
Lightfoot Inc., a software development firm, has stock outstanding as follows: 15,000 shares of cumulative preferred 4% stock, $
Nana76 [90]

Answer:

Dividend Payment per unit

Year     Common Dividend  Preferred Dividend

1.                        0                                $0.3

2.                        0                                $0.5

3.                        $0.79                        $1.6

4.                        $2.69                        $0.8

Explanation:

Dividend distributed to preferred share is based on the predetermined rate associated with these share. When the dividend is declared preferred share dividend is paid first. The remainder is distributed between the common stockholders.

Value of Preferred share = 15,000 shares x $20 par value = $300,000

Dividend on Preferred share = $300,000 x 4% = $12,000 per year = $12,000 / 15,000 = $0.8 per share

Dividend Payment

Year  Dividend Declared   Common Dividend  Preferred Dividend

1.           $4,500                              0                         $4,500

2.           $7,500                               0                        $7,500

3.           $39,010                      $15,010                     $24,000

4.           $63,110                       $51,110                      $12,000

Dividend Payment per unit

Year     Common Dividend  Preferred Dividend

1.                        0                       $4,500 / 15,000=$0.3

2.                        0                       $7,500 / 15,000=$0.5

3.    $15,010/19,000 = $0.79      $24,000 / 15,000=$1.6

4.    $51,110/19,000 = $2.69       $12,000 / 15,000=$0.8

Working

Year  Dividend Declared   Common Dividend  Preferred Dividend Balance

1.           $4,500                              0                    ( 4,500 - 12,000) = ( 7,500)

2.           $7,500                               0         (-7,500+7,500-12,000) = (12,000)

3.           $39,010                      $15,010    (-12,000+39,010-12,000) = 0

4.           $63,110                       $51,110                     (63,110-12,000) = 0

3 0
3 years ago
Golden Apple, Inc., based in Washington, exports products to a French firm and will receive payment of €200,000 in three months.
Anvisha [2.4K]

Answer:

$220.000

Explanation:

On June 1, Golden Apple negotiated a forward contract with a bank to sell the €200.000 in three months at a rate of $1,10. On september 1, the rate is 1,15 but as there was a previous contract signed, the rate is $1,10 taking into account that this type of contracts determine the rate of interest that will be paid on a future date.

6 0
3 years ago
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