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EleoNora [17]
3 years ago
8

CHRISTIE IS THINKING ABOUT GETTING A TERM LIFE insurance policy. She currently makes $75,000 a year. Her husband, Chip, is a sta

y at home dad. He takes care of their 6 year child who has autism. Based on a conversation Christie had with her dad, she estimates that she'll need $750,000 in life insurance. What method did Christie most likely use to calculate her life insurance needs
Business
1 answer:
garri49 [273]3 years ago
5 0

Answer: c. Complex Needs Analysis

Explanation:

The Complex needs analysis method is the most probable assessment method used by Christie on account of her dependents. Christie has a child who has Autism which means that she has to factor in the various costs associated with with managing the condition as the child grows.

These are complex needs which is why the complex needs approach is best. The other approaches do not take into account (at least not adequately), the needs of the child so aren't the best fit.

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In December ,General Motors produced 7,200 customized vans at its plant in Detroit. The labor productivity at this plant is know
sweet [91]

Answer:

A) The number of hours per worker during December= 211,76 hours

B) The number of hours per worker during December=141,18 hours

Explanation:

In December, General Motors produced 7,200 customized vans at its plant in Detroit.

The labor productivity at this plant is known to have been 0.10 vans per labor hour during that month

340 laborers were employed at the plant that month.

A)

Considering that each worker produces 0,10 van an hour.

340workers*0,10=34vans per hour

The number of hours per worker during December= 7200vans/34vans= 211,76 hours

B) Labor productivity increases to 0,15 vans per hour per worker.

340workers*0,15= 51vans/hour

The number of hours per worker during December= 7200vans/51= 141,18 hours

4 0
3 years ago
An investmetn adviser will always be considered to have taken custody if an adviser: is the trustee for the cleint in a trust ac
Talja [164]

Answer:

true (A.  is the trustee for the client in a trust account)

Explanation:

Based on the information provided within the question it can be said that this statement is completely true. This is mainly due to the fact that a trustee can directly deduct management fees from the customer funds. Therefore if the investment adviser is the trustee for the client he is able to have custody over the account and make these deductions.

3 0
3 years ago
Outstanding stock of the Ayayai Corporation included 40000 shares of $5 par common stock and 13000 shares of 5%, $10 par non-cum
elena-14-01-66 [18.8K]

Answer:

$6,500

Explanation:

outstanding common stock 40,000

outstanding preferred stock 13,000 stocks of 5%, $10

preferred stock dividends per year = 13,000 x 5% x $10 = $6,500

The company only paid $4,000 in dividends during 2019, but since the preferred stocks are non-cumulative, the remaining $2,500 will not be paid in 2020.

dividends paid during 2020 = $6,500

If the preferred stocks were cumulative, then the company would have paid $6,500 + $2,500 = $9,000 in 2020

3 0
3 years ago
Read 2 more answers
Under the concepts of the time value of money, you can determine the current, or present, value of a cash receipt or payment tha
Svetradugi [14.3K]

Answer:

Discounted value

Explanation:

From Abigail's speech, the present value or the discounted value of an asset is the current value of the cash flows which are to be paid or gotten at a date in the future.

The reason discounted is the answer is because cash flows in the future have to be brought to a date in the present. Instead of compounding, it is better to discount since compounding raises present value when placed side by side with future value.

7 0
3 years ago
On January 1, 2020, Sandhill Co., a calendar-year company, issued $1044000 of notes payable, of which $261000 is due on January
Maslowich

Answer:

Current liabilities, $261,000; Long-term Debt $783,000

Explanation:

Based on the information given we were told that the company issued the amount of $1044000 of notes payable in which the amount of $261000 was due on January 1 for each of the next 4 years based on this the proper balance sheet presentation on December 31, 2020 will be:

Current liabilities $261,000

Long-term Debt $783,000

($1044000-$261000)

Therefore The proper balance sheet presentation on December 31, 2020, is:Current liabilities, $261,000; Long-term Debt $783,000

5 0
3 years ago
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