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ELEN [110]
2 years ago
10

Joshua is 25 years old and has a high risk job making $72,000 a year. The insurance company charges him an extra 20% on top of h

is premium rate because of his job. If Joshua wants a policy that will replace five years of his salary, what is the annual premium for the cheapest policy? For age 25, whole life for male is 15 dollars and 38 cents, 20-payment life is 26 dollars and 40 cents, and 20-year endowment is 34 dollars and 2 cents. A. $1,107 b. $1,328 c. $5,537 d. $6,644.
Business
1 answer:
Aneli [31]2 years ago
8 0

The correct answer is D. $6,644.

A life insurance is an insurance that pays a sum or a current benefit to the beneficiary in the event that the insured dies.

It is especially bereaved children or cohabitants / spouses who have the value of a life insurance benefit after a deceased person. A life insurance policy is taken out with a life insurance company and often in the context of a pension savings account.

In order to take out an individual life insurance policy, you must provide information about your health. If one's health is worse than the health of the normal stock, the insurance company may refuse to take out insurance, calculate an increased premium or introduce a stricter condition on the life insurance - a clause.

Learn more in brainly.com/question/25800942

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3 years ago
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Why would a large crop surplus be a problem for farmers? A. Surpluses are destroyed by the government. B. Surpluses drive down p
Vladimir79 [104]

Answer:

The answer is b. Surpluses drive down prices

Explanation:

If you have a large volume of crops, it would not drive up the price simply because there is not a lot of demand for the crop. In that sense, both c and d (even though d is relevant to the equipment) are incorrect. If there is a lot of surplus, farmers will have to lower their prices in order to sell it. They lose in profit which is why large crop surplus are a problem for farmers.

3 0
3 years ago
All of the following are aspects of macroeconomics EXCEPT: a. Foreign trade. b. The production decisions of a pharmaceutical fir
mixas84 [53]

Answer:

b. The production decisions of a pharmaceutical firm

Explanation:

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Macroeconomics is a branch of economics that studies the economy

Microeconomics is a branch of economics that studies individuals, firms and households.

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3 0
3 years ago
Large purchased all of Small's voting stock for $11 million when Small's total owners' equity was $4 million. The book value and
hoa [83]

Answer:

The amount of goodwill that is recorded by Large is $5 million

Explanation:

Goodwill is the excess of price consideration paid to acquire controlling stake in a company over the fair value of the company's net assets.

Net assets in the sense implies the fair value of total assets less fair value of liabilities.

Fair value of total assets is $9 million

Fair value of liabilities    is $3 million

As a result net assets upon acquisition  is $6 million($9 million less $3 million)

Since the consideration paid in acquiring Small's voting stake is $11 million, goodwill is $5 million($11 million less $6 million).

The $ 5 million is the excess of purchase consideration over the fair value of Small's net assets as at the date of acquisition

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3 years ago
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