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nalin [4]
2 years ago
13

Jim and Susan are both in good health and Jim has a reasonably secure career. Jim currently has an income of $70,000 and has 2 c

hildren. Jim has been married to Susan for 15 years. Under the Easy Method, what is the amount of insurance Jim would need for his family?
Business
1 answer:
klio [65]2 years ago
7 0

Answer:

$343,000

Explanation:

Given:

Annual income of Jim = $70,000

Amount of life insurance using Easy Method

According to the Easy Method of life insurance, a person has to take 70% of his annual income and multiply it with 7 to get a minimum amount of Life insurance for his family.

According to Easy method Jim's Life insurance amount is $343,000

Computation:

(Annual income)(70%)(7)

($70,000)(0.7)(7)

$343,000

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What is the 4 MAJOR
bogdanovich [222]

Answer:

- The presence of a duty. We all have a duty to take steps to prevent injury from occurring to other people.

- The breach of a duty. The defendant must have failed to live up to his duty to prevent injury from occurring to you.

- An injury. You were injured.

- The injury resulted from the breach.

Explanation:

Hope this helps.

3 0
2 years ago
Suppose the one-year forward $/€ exchange rate is $1.26 per euro and the spot exchange rate is $1.20 per euro. What is the forwa
Komok [63]

Answer:

A.5$

B.The difference between the interest rate on one-year dollar deposits and that on one-year euro deposits (assuming no repayment risk) is 5%

Explanation:

A.

The forward premium on euro is (1.26 - 1.20)/1.20 = 0.05 or 5%

B. The interest rate difference between one-year dollar deposits and one-year euro deposits (assuming no repayment risk) will be 5 percent because the interest difference must equal the forward premium on euro against dollars when the covered interest parity holds.

5 0
3 years ago
Accounts receivable arising from sales to customers amounted to $76000 and $72000 at the beginning and end of the year, respecti
Ilia_Sergeevich [38]

Answer:

(C) $287,000

Explanation:

Income from Operations = $283,000

Add: Opening accounts receivables = $76,000

Less: Closing Accounts Receivables = $72,000

Therefore, Cash flow from operating activities = $287,000

Here, we assume that openings accounts receivables have been realized and closing are yet outstanding. Therefore, opening accounts receivables shall be added and closing shall be deducted.

Final Answer

Therefore, the correct option is = (C) $287,000

7 0
3 years ago
The following information on selected cash transactions for 2021 has been provided by Coronado Industries: Proceeds from sale of
geniusboy [140]

Answer:

$100,000

Explanation:

Coronado Industries

CASH FLOW STATEMENT

For the year ended December 31, 2021

<em>Cash Flow from Investing Activities:</em>

Proceeds from sale of land                  $319,000

Less: Purchases of plant assets          ($219,000)

Net Cash used in Investing Activity $100,000

5 0
3 years ago
Read 2 more answers
An analyst feels that Brown Company's earnings and dividends will grow at 25% for two years, after which growth will fall to a c
enyata [817]

Answer:

C. $36.65

Explanation:

Calculation to determine what the dividend discount model is closest to:

Dividend discount model =$1(1.25) / 1.1 + [$1(1.25)2/ (0.10-0.06)] / 1.1

Dividend discount model = $36.65

Therefore the value of Brown's stock using the multistage dividend discount model is closest to:$36.65

6 0
2 years ago
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