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Vinvika [58]
2 years ago
7

Anna is 88 years old and under the court-appointed guardianship of her daughter. One day Anna receives a telephone call from a h

ealth insurance salesman and purchases a $400-a-month Medigap insurance policy. This contract is:
Business
1 answer:
Sergio039 [100]2 years ago
4 0

Answer:

c. This contract is void.

Explanation:

Since in the question it is mentioned that one day Anna received a phone call from the health insurance salesman and she purchase a $400 medigap insurance policy so the contract should be void in the eyes of law as it is not valid in terms of law plus nothing is specified for whom she purchased the policy for $400

Therefore the correct option is c.

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You purchased one corn future contract at $2.29 per bushel. What would be your profit (loss) at maturity if the corn spot price
Evgesh-ka [11]

Answer: Loss of $950

Explanation:

You bought the contract at $2.29 per bushel.

The corn contract at the time was actually $2.10.

You bought the futures contract for more than the spot price for the same time period so this is a loss.

Loss = Loss per unit * number of units

= (2.29 - 2.10) * 5,000

= 0.19 * 5,000

= $950

3 0
3 years ago
Question 5 of 10
deff fn [24]

Answer:

A.

Explanation:

Another name for specialization, this is when an individual focuses

on one specific skill in the field.

6 0
2 years ago
Read 2 more answers
Polly sells goods to customers in exchange for a $10,000 noninterest-bearing note due in 3 years. The interest rate on this type
Irina-Kira [14]

Answer:

present value = $8396.19

Explanation:

given data

cash flow = $10,000

rate r = 6 %

time period t = 3 years

to find out

present value of the note  

 

solution

we get here present value that is expressed  as

present value =   \frac{cash\ flow}{(1+r)^t}     ....................1

put here value and we will get present value

present value = \frac{10000}{(1+0.06)^3}  

solve it we get

present value = $8396.19

7 0
3 years ago
On October​ 1, 2019, Fashion Jewelers accepted a​ 5-month, 11% note for​ $7,500 in settlement of an overdue account receivable.
Nataliya [291]

Answer:

The accrued interest on the note at December​ 31, 2019 is $206.25

Explanation:

Fashion Jewelers accepted a​ 5-month, 11% note for​ $7,500.

The amount of interest for 1 year = 11% x $7,500 = $825

The amount of interest for 1 month = $825/12 = $68.75

From October​ 1, 2019 to  December 31, 2019, Fashion Jewelers has accepted the note for 3 months.

The accrued interest on the note at December​ 31, 2019 = $68.75 x 3 = $206.25

7 0
3 years ago
how can electricity, communication, and transportation facilities indicate the potential for industrial growth?​
Dima020 [189]

Answer:

The more electricity, communications, and transportation used in a nation's economy, it will give them a more developed country and a greater potential for increased industrialization.

Explanation:

7 0
3 years ago
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