Answer:
<em>Decreasing term insurance</em>
Explanation:
Decreasing term insurance <em>is renewable life insurance with a predetermined rate of decline in coverage over the life of the policy</em>.
Premiums are generally continuous throughout the agreement, and <em>there are typically monthly or annual reductions in coverage</em>.
The idea behind the insurance maintains that certain obligations and the associated need for elevated insurance rates are declining with age.
Answer:
“and get rich” I believe that’s the answer
Explanation:
Answer:
FV= $34,993.05
Explanation:
Giving the following information:
Annual deposit= $1,475
Number of periods= 15 years
Interest rate= 6.25%
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {1,475*[(1.0625^15) - 1]} / 0.0625
FV= $34,993.05
The answer is: 1. the merchandise was ordered by the company
The auditor could easily obtain this information by looking at the company's purchase order. Purchase order would contain information regarding sellers, types of products, dates, prices, and quantities of the products ordered. This information is what the auditor need to fully verify the inventory acquisition.
Answer:
Direct labor time (efficiency) variance= $2,080 unfavorable
Explanation:
Giving the following information:
Standard= 3 hours of direct labor per unit
The standard labor cost is $13 per hour.
During August, Hassock produced 9,000 units and used 27,160 hours
<u>To calculate the direct labor efficiency variance, we need to use the following formula:</u>
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Direct labor time (efficiency) variance= (3*9,000 - 27,160)*13
Direct labor time (efficiency) variance= $2,080 unfavorable
