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3 years ago

Which of the following is TRUE regarding an indeterminate premium whole life policy?

Business

1 answer:

Elenna [48]3 years ago

7 0

Answer:

Explanation:

Premium is the level in which my co-workers respect. I believe it's an important factor.

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If two identifiable markets differ with respect to their price elasticity of demand and resale is impossible, a firm with market

Thepotemich [5.8K]

If two identifiable markets differ with respect to their price elasticity of demand and resale is impossible, a firm with market power will set a lower price in the market that is more price elastic. Price elasticity is a tool used by economists to analyze how supply and demand for a product fluctuate in response to price changes.

Along with demand, supply also exhibits elasticity, which is referred to as price elasticity of supply. Price elasticity of supply is the correlation between price change and supply change. It is computed by subtracting the percentage change in price from the percentage change in quantity delivered.

To learn more about elasticity, click here.

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5 0

1 year ago

Tanner takes out a loan today and repays the loan with eight level annual payments, with the first payment one year from today.

Inessa [10]

Answer:

Total interest = 1239.12

Explanation:

Assume;

Loan amount = P

Annual payment = X

P[1st payment] = X/[1+0475]⁸

P[1st payment] = X/[1.0475]⁸

P[5th payment] = X/[1+0.0475]⁴

P[5th payment] = X/[1.0475]⁴

P[5th payment] = 699.68

So,

X = 699.68[1.0475]⁴

X = 842.39

P = (842.39/0.0475)(1 – 1/1.0475⁸)

P = 5,500 (Approx)

Total interest = [842.39 x 8] - 5,500

Total interest = 1239.12

3 0

3 years ago

Interest rates on mortgages are lower because the home is _____.

adoni [48]

The correct answer is; collateral

4 0

3 years ago

Assembly department of Zahra Technologies had 200 units as work in process at the beginning of the month. These units were 45% c

Tomtit [17]

Answer:

Total equivalent units of material = 900

Explanation:

Equivalent units are notional whole units which represent incomplete works are used to allocate cost to work in progress and completed units

Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required is done in the period under consideration. So there is no separation of the completed units into opening inventory and fully worked.

Equivalent unit = Degree of completion × units

Item units Equivalent units

Completed units 600 100% × 600 = 600

Closing inventory 300 100%× 300 = 300

Total equivalent units of material 900

Note simply because materials are added at the beginning of the process, it is assumed that all the quantity required would have been added. Hence the degree of completion for materials is 100% .

8 0

3 years ago

A bond has a par value of $1,000, a current yield of 6. 90 percent, and semiannual coupon payments. the bond is quoted at 101.17

poizon [28]

If the bond's par value is $1000,current yield be 6.90% and the bond is quoted at 101.17 then the each coupon payment is $34.9.

Given the bond's par value is $1000,current yield be 6.90% and the bond is quoted at 101.17.

We are required to find the amount of each coupon payment.

Bond value=$1000

Current yield=6.90%=0.0690

Bond quoted=101.17

Payment method=Semi annual =2 payments

Computation of annual coupon amount:

Current yield=Annual coupon/(Bond value*Bond quoted)

0.0690=Annual coupon/(1000*101.17%)

0.0690=Annual coupon/1011.7

Annual coupon=1011.7*0.0690

Annual coupon=$69.8073

Computation of each payment:

Each payment=Annual coupon /2 payment

Each payment=69.8073/2

Each payment=34.90365

Hence the amount of each payment of bond having par value of $1000 is $34.9.

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6 0

2 years ago