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Eddi Din [679]
3 years ago
12

Problem 2-15 (Algorithmic) Life Insurance (LO 2.8) Sharon transfers to Russ a life insurance policy with a cash surrender value

of $24,800 and a face value of $74,400 in exchange for real estate. Russ continues to pay the premiums on the policy until Sharon dies 7 years later. At that time, Russ has paid $11,160 in premiums, and he collects the $74,400 face value. How much of the proceeds, if any, is taxable to Russ
Business
1 answer:
skelet666 [1.2K]3 years ago
6 0

Answer:

$38,440

Explanation:

Calculation to determine How much of the proceeds, if any, is taxable to Russ

Face value of policy $74,400

Less: Cash Surrender value ($24,800)

Less: Premium paid ($11,160)

Taxable Proceeds $38,440

Therefore the taxable Proceeds are $38,440.

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scZoUnD [109]
B i hope it work tho
5 0
3 years ago
A Company just starting in business purchased three merchandise inventory items at the following prices. First purchase $80; Sec
gogolik [260]

Answer: $65

Explanation: Under the FIFO method, that is, first in first out method inventory is recorded on the assumption that the goods that were purchased first will also be sold first and the remaining inventory will have the latest purchased units.

So, in the given question the two units sold would be costing $80 and $95

Hence,

Gross profit = $240 - ($80 + $95)

                    = $65

3 0
3 years ago
1. 9.4. For process scheduling, does a low-priority value represent a low priority or a high priority?
sergeinik [125]

Answer:

Priority programming is a process programming method based on priority. In this technique, the developer chooses the tasks to work according to priority, which is different from other types of programming, for example, a simple round-robin.

On UNIX and many other systems, higher priority values represent lower priority processes. Some of the systems, such as Windows, use the opposite convention: a higher number means a higher priority

Explanation:

Priorities can be dynamic or static. Static priorities are assigned during creation, while dynamic priorities are assigned according to the behavior of the processes while they are in the system. To illustrate, the planner could favor intensive input / output (I / O) tasks, allowing expensive requests to be issued as soon as possible.

Priorities can be defined internally or externally. Internally defined priorities make use of a measurable amount to calculate the priority of a given process. On the contrary, external priorities are defined using criteria beyond the operating system (OS), which may include the importance of the process, the type and sum of the resources used for the use of the computer, user preferences , trade and other factors such as politics etc.

7 0
3 years ago
Read 2 more answers
for having a manuscript typed at a certain typing service are $5 per page for the first time a page is typed and $3 per page eac
Kipish [7]

Answer:

total cost of having the manuscript type is $680

Explanation:

given data

first time = $5 per page

revised = $3 per page

manuscript = 100 pages

revised only once = 40

revised twice = 10

to find out

total cost of having the manuscript typed

solution

we know for 1st time page  cost is

page 1st time = 100 - 40 - 10  = 50 page

cost 1st time = 50 × $5 per page = $250    .................1

and

for first revision

first revision page = 40

cost of first revision = 40 × ( first time $5 + first revision $3 )

cost of first revision = 40 × 8 = $320       ......................2

and

for second revision

second revision page = 10

second revision cost = 10 ×  ( first time $5 + first revision $3 + second revision $3  )

second revision cost = 10 × 11 = $110     ..........................3

add all 3 equation

total = $250  +  $320 + $110

so total cost of having the manuscript type is $680

6 0
3 years ago
The 2018 financial statements of BNSF Railway Company report total revenues of $19,548 million, accounts receivable of $1,189 mi
Vitek1552 [10]

Answer:

D) 18.2 times

Explanation:

The accounts receivable turnover is determined by dividing the total credit revenues by the average receivables.

The average receivables is the sum of the opening and closing receivable balances divided by 2.

The average receivables is  ( $ 1,189 + $ 955) / 2 =  $ 1,072

The total revenues in the absence of other information is considered as credit sales.

Average receivables turnover      = $ 19,548  /  $ 1,072  = 18.24 times    

3 0
3 years ago
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