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RideAnS [48]
3 years ago
15

Michael Glock was the policyowner-insured of a $50,000 participating whole life insurance policy with a $50,000 accidental death

benefit (ADB) rider. Mr. Glock’s $750 annual premium was due on March 13, 2015. On March 24, Mr. Glock was killed in an automobile accident. At the time of his death he had not yet paid his overdue premium. Also at the time of his death, his policy had $3,400 in accumulated policy dividends, including interest, left on deposit with the insurer, and a $2,500 outstanding policy loan. This information indicates that the total death benefit payable to the beneficiary of Mr. Glock’s policy wasa.$46,750
b.$50,150
c.$100,150
d.$96,750
Business
1 answer:
sveticcg [70]3 years ago
3 0

Answer:

B

Explanation:

50,000+3,400-750-2500

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The following data were reported by a corporation: Authorized shares 24,000 Issued shares 19,000 Treasury shares 5,500 The numbe
Basile [38]

Answer:

13,500

Explanation:

Outstanding shares = issued shares - Treasury shares

19,000 - 5,500 = `13,500

Shares is a method through which firms raise capital.

Authorised shares are the maximum number of shares a company can issue to investors

Outstanding shares are the total number of shares sold to investors

Treasury shares are shares that have been issued and later repurchased by the company

Issued shares are the shares that a company issues

4 0
3 years ago
Lang Warehouses borrowed $196,401 from a bank and signed a note requiring 7 annual payments of $33,942 beginning one year from t
Snezhnost [94]

Answer:

5%

Explanation:

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator  

The interest rate implicit in the agreement can be determined by finding the internal rate of return.

Cash flow in year 0 =  $-196,401

Cash flow each year from year 1 to 7 = $33,942

IRR = 5%

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

5 0
3 years ago
A scope limitation sufficient to preclude an unqualified opinion always will result when management:__________
vovikov84 [41]

Answer:

The answer is D.

Explanation:

A scope limitation in audit means circumstances hindering an auditor from carrying out his duties according to the audit procedure. A scope limitation can make an auditor issue a qualified opinion or a disclaimer of opinion depending on the materiality of the issue.

Back to the question, a scope limitation sufficient to preclude an unqualified opinion always will result when management refuses to provide a representation letter acknowledging its responsibility for the fair presentation of the financial statements in conformity with General Accepted Accounting Principle (GAAP)

4 0
3 years ago
What is advertising?​
Mashutka [201]

Answer:

It’s when you convince people to buy a product, or service. Marketing is used in this.

Explanation:

3 0
3 years ago
A monopolist that practices perfect price discrimination a. creates no deadweight loss. b. charges one group of buyers a higher
adoni [48]

Answer:

A monopolist that practices perfect price discrimination

  • a. creates no deadweight loss.

Explanation:

Theoretically, if a monopolist is able to practice perfect price discrimination:

  1. marginal revenue curve = demand curve
  2. consumer surplus = 0
  3. every customer pays the highest amount that they are willing to pay
  4. production level = perfectly competitive level of output

4 0
3 years ago
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