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2 years ago

By the time you turn 30 years old, what insurance do you expect to have?

2 answers:

7 0

All, but you will likely Havel either renter’s insurance (if renting your home) or homeowner’s insurance (if you buy or have a mortgage to buy your home).

Also dental insurance and vision insurance. They are sometimes covered by health insurance, sometimes not.

WINSTONCH [101]2 years ago

5 0

honestly you would need all of them because they are very important to have as you get older

You might be interested in

Evans Ltd. is now considering the possibility of offering a lifetime membership option to its subscribers. Under this proposal,

Ahat [919]

Answer: $329.75

Explanation:

The one year subscription is $40 per year. It is estimated that the average age of current subscribers is 38 and they will leave on average to 78. This means that they will leave for,

= 78 - 38

= 40 years

Evans Ltd average interest rate on long-term debt is 12% so this means that we can use that 12% as a discount rate for the cash-flow expected.

I have attached a Present Value Interest Factor of an Annuity table to this question. It helps calculate annuities faster.

The above can be treated as an annuity because the $40 is constant every year.

The present value of the $40 over 40 years can be calculated by,

= $40 * present value Interest Factor of an Annuity for 40 years at 12% (look at the table for where 40 years on the y axis intersects with 12% on the x axis)

= $40 * 8.2438 (this is the figure when it is not rounded off to 3 dp)

= $329.752

= $329.75

This shows that the lifetime flat fee of $480 is more profitable for Evans Ltd as opposed to the yearly subscription. They should therefore try to sell more of the lifetime contract with the flat fee.

3 0

3 years ago

Kathy purchased a $2,000 digital TV from Young's Appliances. She will make 12 equal payments over the next year to pay for it. S

Elan Coil [88]

Answer:

A. closed-end credit

Explanation:

Closed-end credit is a loan or a credit type where the funds would be dispersed at the time when the loan is closed and it would be paid back by involving the interest & finance charges

Since in the question it is mentioned that she would make the payment in 12 equal payments so here she is using closed-end credit

hence, the correct option is a.

3 0

3 years ago

Weiss Lenscorp, a maker of camera lenses, provides a 3-year warranty against defects on all of its products. In fulfilling its w

GuDViN [60]

Answer:

warranty liablity account ending balance: 3,510,000

Explanation:

In total, we expect a warranty expense for 6% for each sale distributed among three years.

For the 32,000,000 million sales for 2019 we expect:

32,000,000 x 6% = 1,920,000 warranty expense.

warranty liaiblity

debit credit

beginning 3,370,000

expenditures 1,780,000

warranty expense <u> 1,920,000</u>

balance 3,510,000

6 0

3 years ago

A nondiscriminating monopolist:

max2010maxim [7]

Monopolists do not prefer to produce in the when the demand for a good produced by them is inelastic. Option B is the correct answer.

It is common to observe that monopolists, avoid engaging production when the demand for their product becomes inelastic.
In order to understand this situation, it is important to address the meaning of inelastic demand.
The term 'inelastic demand' refers to a situation where the demand for a product does not increase/decrease (change) when there is an increase/decrease (change) in its price.
This does not lead to profits for a monopolist.
It is because, a firm will be able to secure profits by producing lower amounts of goods for a higher price when the demand is elastic.
Hence, when the demand is inelastic, the increase in the quantity will be sold at the previous standard price, leading to a fall in terms of the total revenue.

Therefore, it is clear that a monopolist will not produce when the demand for a good is inelastic.

Learn more about Demand Elasticity here:

brainly.com/question/5078326

#SPJ10

3 0

1 year ago

The following information applies to the questions displayed below.]

MrRissso [65]

Answer:

KORBIN COMPANY

Common Size Comparative Income Statements

For Years Ended December 31, 2017, 2016, and 2015

2017 % 2016 % 2015 %

Sales $ 555,000 100 $340,000 100 $278,000 100

Cost of goods sold 283,500 51.1 212,500 62.5 153,900 55.4

Gross profit 271,500 48.9 127,500 37.5 124,100 44.6

Selling expenses 102,900 18.5 46,920 13.8 50,800 18.3

Administrative expenses 50,668 9.1 29,920 8.8 22,800 6.0

Total expenses 153,568 27.7 76,840 22.6 73,600 26.5

Income before taxes 117,932 21.2 50,660 14.9 50,500 18.2

Income taxes 40,800 7.4 10,370 3.1 15,670 5.6

Net income $ 77,132 13.9 $40,290 11.9 $34,830 12.5

Explanation:

a) Data and Calculations:

KORBIN COMPANY

Common Size Comparative Income Statements

For Years Ended December 31, 2017, 2016, and 2015

2017 % 2016 % 2015 %

Sales $ 555,000 100 $340,000 100 $278,000 100

Cost of goods sold 283,500 51.1 212,500 62.5 153,900 55.4

Gross profit 271,500 48.9 127,500 37.5 124,100 44.6

Selling expenses 102,900 18.5 46,920 13.8 50,800 18.3

Administrative expenses 50,668 9.1 29,920 8.8 22,800 6.0

Total expenses 153,568 27.7 76,840 22.6 73,600 26.5

Income before taxes 117,932 21.2 50,660 14.9 50,500 18.2

Income taxes 40,800 7.4 10,370 3.1 15,670 5.6

Net income $ 77,132 13.9 $40,290 11.9 $34,830 12.5

KORBIN COMPANY

Comparative Balance Sheets

December 31, 2017, 2016, and 2015

2017 2016 2015

Assets

Current assets $ 52,390 $37,924 $51,748

Long-term investments 0 500 3,950

Plant assets, net 100,000 96,000 60,000

Total assets $152,390 $134,424 $115,698

Liabilities and Equity

Current liabilities $22,800 $19,960 $20,300

Common stock 72,000 72,000 60,000

Other paid-in capital 9,000 9,000 6,000

Retained earnings 48,590 33,464 29,398

Total liabilities and equity $152,390 $134,424 $115,698

b) Korbin's common size income statement shows each line item expressed as a percentage of the revenue or sales value. This analysis of individual financial statement items is also known as a vertical analysis of the financial statement, making line items comparison to a common base easy.

3 0

2 years ago