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EleoNora [17]
2 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]2 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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Answer: :a. Retrospectively

Explanation:

A change in depreciation method is a change in accounting policy and as such it would need to be accounted for retrospectively.

This means that it must be accounted for by going back to all periods where the change affects an entry and adjusting that entry for the change so that the accounting can be more accurate.

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Most CLEP exams correspond to blank college courses
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A manufacturer of washing machines has expanded its plant and created excess capacity, just as the general economy takes a downt
AURORKA [14]

If the entire economy should take a downturn, the effect on the manufacturer would be to : offer rebates and incentives for customers who purchase washing machines.

<h3>What is meant by an economic downturn?</h3>

This is the term that is used to refer to the economic downturn that is experienced in a particular economy for a given period of time. This period would usually bring about the failure of the market with the producers and sellers making little gains in the market.

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8 0
1 year ago
Using the following data:
KonstantinChe [14]

Answer:

The answer is

A. 26.46%

B. $5,958,354.88

Explanation:

A.

IRR = CFo/(1 + IRR)^0 + CF1/(1 + IRR)^1 + CF2/(1 + IRR)^2 + CF3/(1 + IRR)^3 + CF4/(1 + IRR)^4 + CF5/(1 + IRR)^5

CFo = -$10,000,000

CF1 = $3,000,000

CF2 = $3,500,000

CF3 = $4,000,000

CF4 = $4,900,000

CF5 = $5,000,000

Using a financial calculator;

IRR = 26.46%

B.

NPV = -CFo + CF1/(1+ r)^1 + CF2/(1 +r)^2 + CF3/(1 + r)^3 + CF4/(1 + r)^4 + CF5/(1 + r)^5

CFo = -$10,000,000

CF1 = $3,000,000

CF2 = $3,500,000

CF3 = $4,000,000

CF4 = $4,900,000

CF5 = $5,000,000

Using a financial calculator;

NPV = $5,958,354.88

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