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kupik [55]
3 years ago
12

Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. If the consumer price index has gone u

p 4%, how much may Ron increase the face value of the policy
Business
1 answer:
barxatty [35]3 years ago
4 0

Answer:

4,000

Explanation:

Ron has a life insurance policy with a face value of 100,000

The consumer price index has gone up by 4%

Therefore the increase in the policy face value can be calculated as follows

= 100,000 × 4/100

= 100,000 × 0.04

= 4,000

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<u>Calculation of ending retained earnings balance after closing:</u>

The balance in ending retained earnings after closing can be calculated as follows:

Balance in retained earnings account before closing $297,000

Add: Revenues $185,000

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Less: Dividends $18,000

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Some countries share a common currency (e.g., those that participate in the euro), while some other countries peg their currenci
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Answer:

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If you support the concept, should those currencies be tied to regional economic blocs?

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preferential trade agreement

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