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Rudiy27
2 years ago
11

Why is term life insurance better than whole life insurance?

Business
1 answer:
iVinArrow [24]2 years ago
5 0

Answer:  Term life is “pure” insurance, whereas whole life adds a cash value component that you can tap during your lifetime. Term coverage only protects you for a limited number of years, while whole life provides lifelong protection—if you can keep up with the premium payments.

Explanation:

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Use the following account balances from the adjusted trial balance of Flora Wholesalers:
Semenov [28]

Answer:

Flora Wholesalers:

The accounts of Flora Wholesalers that will have the same balance at the beginning of next year as they do presently on the adjusted trial balance are:

Assets:

Cash                             $4,200

Accounts receivable      $300

Liabilities and Equity:

Accounts payable       $1,100

H. Jones, Capital       $4,400

Explanation:

a) Data and Analysis:

Adjusted Trial Balance

Account                Debit Balance    Credit Balance

Cash                             $4,200

Accounts receivable      $300

Accounts payable                                  $1,100

H. Jones, Capital                                  $4,400

H. Jones, Drawing        $900

Fees revenue                                    $13,200

Advertising expense  $8,100

Travel expense         $4,200

Shipping expense       $300

Computer

software expense     $400

Assets:

Cash                             $4,200

Accounts receivable      $300

Liabilities and Equity:

Accounts payable       $1,100

H. Jones, Capital       $4,400

b) The above assets, liabilities, and equity accounts will have the same balances at the beginning of next year as they do presently on the adjusted trial balance.  They are called permanent accounts.  Only the temporary accounts do change their balances from the adjusted trial balances to the opening balances.  The only other account that is not included above is the Retained Earnings.  This account is adjusted with the differences in the temporary accounts.

8 0
3 years ago
supposed you invest $500 in a mutual fund today and $600 in one year. if the fund pays 9% annually, how much will you have in tw
Ilya [14]

If the fund pays 9% annually, you will have $1248.05 in two years.

Future value is the value of a product or investment at some point in the future. In other words, the future value is the amount of money that, assuming a specific rate of return, an investment will be worth after a specific period of time.

According to the concept of present value, money is worth more now than it will be later. In other words, money received in the future is not as valuable as money obtained now in the same amount.

A = Future Value

P = Present value

r = Rate of interest

n = Time period

A = P(1+r/100)^n

= 500$\times (1.09)^2$ + 600$\times (1.09)^2$

= $1248.05

To learn more about Future Value

brainly.com/question/19261146

#SPJ4

7 0
1 year ago
The ________ stage of the product development process often requires the design of after-sales processes such as maintenance, wa
ziro4ka [17]

Answer:

The correct option is E,product marketing and supply chain preparation

Explanation:

This last stage in product development process addresses the issues in  last  stage in the customer's purchase decision process, post-purchase evaluation.

In order for customers to perceive the product as been a perfect fit for their needs, their issue around maintenance , repair and warranties must be adequately addressed which is a justification for them to come back for repeat business.

Also, it is noteworthy that the consumers are not only purchasing the physical products but also the services after purchase known as augmented or extended product

8 0
3 years ago
Read 2 more answers
Croissant Company's standard fixed overhead cost is $6 per direct labor hour based on budgeted fixed costs of $600,000. The stan
slamgirl [31]

Answer:

Standard activity level= 100,000 units

Explanation:

Giving the following information:

Croissant Company's standard fixed overhead cost is $6 per direct labor hour based on budgeted fixed costs of $600,000. The standard allows 1 direct labor hour per unit.

Standard activity level= 600,000/6= 100,000 units

3 0
3 years ago
given that jacob's chocolates had owner investments of $4,000; net income during the period of $10,000; and owner withdrawals of
jonny [76]

Based on the owner investments, the net income and the owner withdrawals, the ending balance in the owner's capital account is $13,700

<h3>What is the ending balance in owner's capital?</h3>

The ending balance in the owner's capital can be found as:

= Beginning owner investments + Net income during the period - Owner withdrawals

Solving for the ending balance gives:

= 4,000 + 10,000 - 300

= 14,000 - 300

= $13,700

Find out more on owner capital balance at brainly.com/question/13199093

#SPJ1

3 0
1 year ago
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