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Nadya [2.5K]
4 years ago
11

Is it legal or ethical for an insurance agent to suggest a variable life insurance policy to an 80-year-old man? explain your an

swer?
Business
1 answer:
Citrus2011 [14]4 years ago
3 0
No, it is no ethical 

You might be interested in
The percentage-of-completion method is used primarily for short-term contracts. A.recognizes revenue and gross profit each perio
maxonik [38]

Answer:

A.recognizes revenue and gross profit each period based upon progress.

Explanation:

The percentage of completion approach is an accounting technique used to recognize revenue in ongoing projects. Revenue from long term contracts is calculated based on the percentage of work completed in a period. This method is applied when payments are assured, and the percentage of work done can be estimated with some degree of accuracy.

The percentage of completion is mostly used in construction industries, but the concept can be used in many projects.  The method compares the revenues and expenses of a project against the percentage of work completed in the financial period. The percentage of completion method contrasts with the completed contract method that recognizes income upon completion of a project.

8 0
3 years ago
Canniff Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports.
HACTEHA [7]

Answer:

Actual Operating costs         $231,250  

Planned Operating Costs  budgeted = $ 235058

Planned Operating Costs at actual level   = $ 232430

Explanation:

The Planned costs are the costs estimated at the planned level of activity.

The actual costs are costs that actually occur.

But flexible costs are those which are planned ( determined) at actual level of activity.

Canniff Air

                                       Actual                 Planned

Operating costs         $231,250              

The cost formula for plane operating costs is $56,960 per month plus $2,634 per flight plus $6 per passenger.

Planned Operating Costs= $56,960+ 2634 *67 flights + 6*270 passengers

                                        = $ 56960 + 176478+ 1620

                                         = $ 235058

Actual Operating Costs = $56,960+ 2634 *66 flights + 6*271 passengers

                                         = $ 56960 + 173844+ 1626

                                         = $ 232430

We put the values in the given formula to obtains these costs both planned and actual.

4 0
3 years ago
Freight Terms Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for
Reika [66]

Answer and Explanation:

The computation of the amount is shown below:

a. For FOB destination

=  Merchandise price - Returns and allowances - discount

= $6,700 - $1,750 - ($6,700  - $1,750 )× 2%

= $6,700 - $1,750 - $99

= $4,851

b. For FOB shipping point

= Merchandise price - Returns and allowances - discount + Freight In

= $3,300 - $1,200 - ($3,300 - $1,200) × 1% + $200

= $3,300 - $1,200 - $21 + $200

= $2,279

7 0
3 years ago
Khalil Hamid Ali borrowed $12,000 and paid $1,890 in exact interest when the loan came due 11 to 2 years later. What rate of int
MatroZZZ [7]

The rate of interest that Khalil Hamid Ali paid for borrowing $12,000 and paying $1,890 as interest expense for 1.5 years is <em>10.5%.</em>

Data and Calculations:

Amount borrowed = $12,000

Interest paid = $1,890

Time period = 1.5 years

Rate of interest = 10.5% ($1,890/$12,000 x 1/1.5)

Thus, the rate of interest that Khalil Hamid Ali paid for borrowing $12,000 and paying $1,890 as interest expense for 1.5 years is <em>10.5%.</em>

Learn more about rate of interest here: brainly.com/question/25545513

8 0
2 years ago
Unlike a market economy, a command economy uses a its resources more efficiently. b consumer sovereignty to make production deci
olga_2 [115]

Answer:

d more centralized planning in economic decision making

Explanation:

A command economy is where the government makes all the economic decisions and owns factors of production.

A market economy is where production decisions are made by the forces of demand and supply. There is consumer sovereignty to make production decisions in this type of economy.

I hope my answer helps you

5 0
3 years ago
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