Charles' human life value will be $249,200.
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What is the process of calculating life value?</h3>
The process of calculation of life value in an insurance is that first of all determine the current income and than subtract the expense, premiums of insurance, and payment of income tax. The third step is recall the number of years of earning which are remaining before the age of retirement .The life value is an economic value which is used to judge the benefit for the reason of avoiding the rate of fatality.
The third step is recall the number of years of earning which are remaining before the age of retirement and than find the discounting factor rate including inflation.The life value is an economic value which is used to judge the benefit for the reason of avoiding the rate of fatality.
Therefore, Charles' human life value will be $249,200.
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Based on the research studies and situation described, according to Levinson, Jensen is in the <u>Novice</u> phase of adult development.
Daniel Levinson was a famous researcher whose interest centered on different stages of life from childhood to old age.
Daniel Levinson concluded that early adulthood lies between the ages of 17 to 45.
This early adulthood is then categorized into two, the <u>novice</u> phase between 17 to 33 and the culminating phase, which is between 33 to 45.
Thus, given that Jensen is 25, it is concluded that according to Levinson, Jensen is in the <u>Novice</u> phase of adult development.
Hence, in this case, it is concluded that the correct answer is "<u>Novice</u>."
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Explanation:
The retained earnings are calculated by adding net income to (or subtracting net losses from) the previous term's retained earnings and then subtracting any net dividend(s) paid to the shareholders. The figure is calculated at the end of each accounting period (quarterly/annually.)
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Answer:
Fee based fund is the correct answer to the given question
Explanation:
In the fee based funds exercise the money is charged directly to customers.The Fee-Based Funds is imposing the charge of sales to the customer .The Fee-based funds consultants could charge an extra payment of fixed price according to the company policy .
- When the company sells the mutual fund in a fee-based consideration individuals will buy the bond fund Series of the F units.
- All the other options are not related to imposing the sales charge that's why they are incorrect option .