1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Use the In the News to answer three questions
Flauer [41]

Answer:

2%

2.5%

1.67%

Explanation:

The yield can be computed using the yield formula which coupon payment divided by price.

The coupon payment=face value*coupon rate

face value is $1000

coupon rate is 2%

coupon payment=2%*$1000=$20

when price is $1000:

yield =$20/$1000=2%

when price is $800

yield=$20/$800=2.5%

when price is $1,200

yield =$20/$1,200=1.67%

In essence ,the lower the price the higher the yield as lower amount is invested in order to receive the same amount of annual coupon of $20

3 0
3 years ago
Review the following sources and decide if they are reliable and relevant.
JulsSmile [24]

Answer:

CNN business is left wing( which means it will tilt the info to fit the party)

Try using something neutral

6 0
3 years ago
The purpose of preparing a direct materials budget is to ________. multiple choice 1 allocate the cost of raw materials to produ
Eduardwww [97]

Answer:

1. estimate the quantity of raw materials to be purchased.

2. ending raw materials inventory for the last period.

Explanation:

A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis.

The first step of the budgeting process is to prepare a list of each type of income and expense that will be part of the budget.

The final step by the management of an organization in the financial decision making process is making necessary adjustments to the budget.

The benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.

1. The purpose of preparing a direct materials budget is to estimate the quantity of raw materials to be purchased. This includes the raw materials that would be used for the manufacturing of finished goods.

2. In a direct materials budget, the desired ending raw materials inventory for the year is equal to the ending raw materials inventory for the last period.

3 0
2 years ago
During the annual Black Friday Sale, The OLX sold a pair of ski boots, regularly priced at $245.00, at a discount of 40%. The bo
ratelena [41]

Answer: $147

Explanation:

First find what 40% of $245.00 is:

= 40% * 245

= $98.00

The boots are sold at a discount of 40%. This means that 40% - which is $98 - was deducted from the value.

The selling price is therefore:

= 245 - 98

= $147

7 0
3 years ago
The supply curve for oil shows:
12345 [234]
Supply of oil at different prices of other goods.
4 0
3 years ago
Other questions:
  • How much money should you save in case you have an emergency? eight months of living expenses six months of living expensestwelv
    8·2 answers
  • Rent of $1,000 per month is paid for the next twelve months on October 1st, 1988. As a result of this transaction:
    12·1 answer
  • How are payroll taxes and user fees different?
    13·1 answer
  • A customer comes into the store to return a gallon of milk. She says she bought it earlier today, but the due date on the gallon
    11·1 answer
  • Which type of educational worker will most likely help students find books outside the classroom to help them write research pap
    11·1 answer
  • Seymour Clothing Co. manufactures a variety of clothing types for distribution to several major retail chains. The following cos
    15·1 answer
  • There are 300 purely competitive farms in the local dairy market. Of the 300 dairy farms, 298 have a cost structure that generat
    11·1 answer
  • New Business Ventures, Inc., has an outstanding perpetual bond with a coupon rate of 11 percent that can be called in one year.
    14·1 answer
  • There is no such thing as "the law" in that law comes from many different sources.
    7·1 answer
  • An accounts receivable ledger:
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!