Answer: $13,161.264
Explanation:
interest rate after first 3 months 9% for 3 months.
I = P x R x T / 100
Where;
I= interest
P= principal
R= interest Rate
= Time
$6000 x 9% x 3 / 100
= $ 1620
Interest for next 3 months 12%
P= $6000 + $1620 = $7620
I= 7620 x 12% x 3 /100 = $2,743.2
Interest after for last 3 months 9%
P= $7620 + $2743.2 = $10,363.2
I = $10,363.2 x 9% x 3 / 100
= $2798.064
Principal after 9months
= $13,161.264
Time =2,015−1,941=74 years
Annual increase=(1,905,000÷0.7)^(1÷74)−1=0.2217×100=22.17%
Answer:
C. The insurer will deny J's request to add more insurance.
Explanation:
The Guaranteed Insurability Rider means extra policy which is an addition to insurance rider policy and allows the purchaser of the policy to purchase extra life insurance on the life of the insured at prearranged periods of time.
Usually, this ability to purchase extra life insurance ends at the age of 40 and since the J has just celebrated the 42nd birthday, therefore he will not be eligible to buy more death benefit.
Based on the above discussion, the answer shall be C. The insurer will deny J's request to add more insurance.
The data shows that: 78% of White people were employed in 2019, compared with 66% of people from all other ethnic groups combined. the difference in the employment rates for White people and those from all other ethnic groups combined went down from 16pp in 2004 to 11pp in 2019.
Answer:
the actual payroll is $189,630
Explanation:
<u>Calculation of Standard Payroll Cost</u>
Standard Payroll Cost (flexed) = 13,100 hours×$14 per hour
= $183,400
<u>Reconciling the Standard Payroll Cost to Actual Payroll Cost</u>
Standard Payroll Cost (flexed) $183,400
<em>Add</em> unfavorable direct labor efficiency variance $15,400
<em>Less </em>favorable direct labor rate variance ($9,170)
Actual Payroll Cost 189,630
