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sergiy2304 [10]
4 years ago
13

The most preferred technique for determining how much life insurance coverage is needed for an individual is:

Business
1 answer:
beks73 [17]4 years ago
5 0

<span>In dermining how much life insurance coverage is needed for an individual , you have to consider first, to determine annual income needs of your family if you were to die today. Because you have to consider any lifestyle changes that might happen after te death and include current expenses such as mortgage, rent, groceries, clothing, utility bills, entainment, travel, transportation and child care. Next, you have to subtract available income from annual income needs. Then, determine the principal needed to generate income to be replaced (annual income to be replaced) devided by (rate of return) = amount of principal needed. Next, Add one-time expenses of your survivors will have to pay including funeral expenses. Lastly you have to subtract one-time gains such as the total amount of money or profit that is made from other life insurance policies, assets from selling a business or other payouts.</span>

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Departmental overhead rates are generally preferred to plant-wide overhead rates when:a) the activities of the various departmen
elena55 [62]

Answer:

a) the activities of the various departments in the plant are not homogeneous.

Explanation:

When the activities are homogeneous in nature then common factor for such allocation can be derived.

With that the activities overhead cost would be allocated based on that common factor.

But when the activities are not homogeneous in nature then there can not be any common basis to allocate factory overheads in that case the company uses the plant wide overhead rate that is generally predetermined based on budgets.

8 0
4 years ago
Blue Spruce Corp. reports the following ledger account balances at June 30, 2022:
creativ13 [48]

Answer:

<h3>Blue Spruce Corp.</h3>

The total credits on the company's trial balance at June 30, 2022 are:

Accumulated depreciation-equipment $66

Accounts payable                                   910

Unearned rent revenue                         136

Common stock                                      246

Retained earnings                              6800

Service revenue                                    382

Interest revenue                                     76

Totals                                               $8,616

Explanation:

a) Data and Calculations:

Blue Spruce Corp.

Trial Balance as at June 30, 2022:

Accounts Title                         Debit      Credit

Cash                                       $1832

Accounts receivable               2858

Inventory                                 3904

Prepaid rent                                96

Equipment                                390

Accumulated depreciation-equipment $66

Accounts payable                                   910

Unearned rent revenue                         136

Common stock                                      246

Retained earnings                              6800

Service revenue                                    382

Interest revenue                                     76

Salaries and wages expense 170

Insurance expense                  98

Totals                                $9,348   $8,616

b) The totals show that the trial balance is not in balance.  This may be as a result of errors of omissions, commissions, transposition, etc.

8 0
3 years ago
How does a market system prevent people from getting as many goods and services as they wish?
Dvinal [7]
Prices prevent this. Lots of people can't afford to get as much as they wish, rather as much as they can buy. That's why a market system and stores don't sell out so easily, because people don't buy as much as they really wish for, but how much they need. 
Hope this helps!
7 0
3 years ago
The new bridge would require 14 piers to support it and it was known that each time a pier is sunk into the harbor it would take
Sergeu [11.5K]

Answer:

$21,000

Explanation:

The new bridge would take 30 man hours of labor at $50 per hour, in activity based costing, this means that ,

30*50 = 1500.

Now, it will require 14 piers to support it each time a pier is sunk into the harbor,hence the final calculation will be:

30*50*14 = 21000.

Hope this Helps.

Goodluck.

6 0
3 years ago
The following list shows the items and prices for a restaurant order. Calculate the total amount if there is a 7% tax and the cu
Shalnov [3]

Total Amount

Explanation:

Total Amount -  $65.10

1 appetizer: $7.39=7.39

2 entrees: $16.99 each=  2 * 16.99=33.98

1 dessert: $5.29= 5.29

2 drinks: $2.30 each=4.6

cost = 7.39 + 33.98 + 5.29 + 4.6 =$51.26

7% tax = 51.26 * 0.07 = 3.5882

20% gratuity = 51.26 * 0.2= 10.252

Total cost = 51.26 + 3.5882 + 10.252 =65.1002

the total amount = $65.1

7 0
3 years ago
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