I only got one anwser wrong on my quiz and I didn't think it would be a verified answer, but it was, (the answer below.)
Answer:
NPV is positive,the project should be accepted
Explanation:
In determining whether or not the project should be accepted ,we need to ascertain the Net Present value of the project which is present value of cash inflows of $13,000 for 35 years minus the initial investment of $125,374.60 committed today.
The annuity factor for 8% for 35 year horizon is 11.6546 using annuity table.
Present of cash inflow=cash inflow*annuity factor=$13,000*11.6546=$151,509.80
Net present value=$ 151,509.80-$125,374.60=$ 26,135.20
The investment has a positive NPV,hence should be accepted
Answer:
Please refer explanation and attachment
Explanation:
The income statement has been provided in attachment 1 and balance sheet in attachment 2. Unfortunately, due to lack of information such as depreciation, lease details and mortgage payments, the balance could not be tallied. However, all information provided has been used to derive the results shown.
The producer's role at an insurance agency is to generate the revenue necessary for the company to thrive and expand. Instead of the usual salesman who knocks on doors to promote their products, the producer frequently replies to inquiries from customers who need insurance.
<h3>What is the role of an insurance producer?</h3>
The producer's role at an insurance agency is to generate the revenue necessary for the company to thrive and expand. Instead of the usual salesman who knocks on doors to promote their products, the producer frequently replies to inquiries from customers who need insurance.
A producer of insurance is not allowed to represent an insurer unless they are appointed as that insurer's agent. Insurance commissioners' duties include preserving reasonable insurance product prices, ensuring the availability of insurance coverage, safeguarding the financial stability of insurance businesses, and stopping unfair business activities.
Professionals in the sector who sell insurance products are known as insurance producers. They are permitted to sell a variety of insurance products from an insurance company, including property, commercial, life, health, and other types. Producers have the option of specializing in one or more lines of insurance.
To learn more about insurance producer refer to:
brainly.com/question/14366054
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