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kirill115 [55]
3 years ago
11

All the following statements describe the flexibility available to the owner of a universal life insurance policy EXCEPT: Group

of answer choices The frequency of premium payments can be changed. Policy loans are permitted on an interest-free basis. The death benefit can be increased with evidence of insurability. Premium payments can be any amount provided there is sufficient cash value to keep the policy in force.
Business
1 answer:
miv72 [106K]3 years ago
5 0

Answer:

Policy loans are permitted on an interest-free basis.

Explanation:

The universal life insurance policy refers to a policy in which there is a component of an investment saving also it involves less premium that the person has to pay a low premium amount for continuing the policy. It could benefit the beneficiary after the death of the insured person

So according to the given situation ,for option B there is no flexibility available as no policy loans could be permitted without an interest

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True or False. Each organization or subcontractor responsible for a group or type of activities should always designate an inexp
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Answer:

False

Explanation:

No one should ever designate an inexperienced anything (e.g. engineer, accountant, salesman, etc.) to estimate a budget or an activities schedule. Usually people that estimate any kind of activity, should at least have some experience doing that activity, so that they know what is normal or achievable in a reasonable time.

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3 years ago
Forest Components makes aircraft parts. The following transactions occurred in July.
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Answer and Explanation:

Answer and explanation attached

Beginning raw materials = ending raw materials +raw materials for production+issued raw materials- raw materials purchased -raw materials returned from production= $79800

Cost of goods manufactured =ending finished goods+cost of goods sold -beginning finished goods= $553000

Beginning work in progress inventory=

Ending work in progress + cost of goods manufactured + materials returned - manufacturing overhead applied- issued raw materials-direct labour wages =$105490

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3 years ago
The quantity demanded x (in units of a hundred) of the Mikado miniature cameras per week is related to the unit price p (in doll
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Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

5 0
3 years ago
A business may survive and prosper during the growth stage even though it has neither differentiated its offering from competito
Elan Coil [88]

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B. Getting caught in the transition period without a clear strategic advantage.

6 0
3 years ago
Santayana Company purchased a machine on January 1, 2011, for $20,000 with an estimated salvage value of $5,000 and an estimated
Aliun [14]

Answer:

$1,125

Explanation:

Given that,

Cost of machine = $20,000

Estimated salvage value = $5,000

Estimated useful life = 8 years

Depreciation refers to the reduction in the value of the fixed assets of a particular company with the passage of time.

Here, we are using the straight line method,

Annual depreciation is as follows:

= (Cost of machine - Salvage value) ÷ Estimated useful years

= ($20,000 - $5,000) ÷ 8

= $1,875

Depreciation amount for the year 2011 = $1,875

Depreciation amount for the year 2012 = $1,875

Therefore, the book value of the machine at the beginning of January 1, 2013 is as follows:

= Cost of machine - Depreciation amount for the year 2011 - Depreciation amount for the year 2012

= $20,000 - $1,875 - $1,875

= $16,250

Now, the Santayana decides the machine will last 12 years from the date of purchase and we have already deduct the depreciation for the 2 years. So, we need to consider only 10 years for calculating the new annual depreciation.

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New annual depreciation:

= (Book value at the beginning of 2013 - Salvage value) ÷ Useful life

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8 0
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