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maksim [4K]
2 years ago
7

67. A provision in a whole life policy that allows a policy owner to terminate the policy in return for a reduced paid-up policy

of the same type is called a?
Business
1 answer:
butalik [34]2 years ago
3 0

Answer:

nonforfeiture provision.

Explanation:

A nonforfeiture provision in a cash value life insurance policy allows a policy owner to terminate the policy in return for a reduced paid-up policy of the same type.) (A partial surrender allows the policyowner to withdraw the policy's cash value interest free.)

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The consumer price index is __
Yanka [14]

Answer:

The consumer price index is a systematic calculation used to estimate price increases in a basket of goods and services that are indicative of consumption expenditure in the economy.

Explanation:

The Consumer Price Index refers to a metric used to determine the weighted average price of a set of consumer goods and services, such as food, transportation, and healthcare.  CPI is accountable for monitoring the change in retail prices of fundamental and everyday goods and services purchased by households across the world. Changes in the CPI are required to measure increases in the price of living. The CPI is one of the most commonly used indicators for the detection of inflation or deflation cycles.

7 0
3 years ago
what is the effect on the financial statements when adjust the prepaid insurance account at year-end for insurance coverage whic
yan [13]

Answer:

When prepaid insurance (or any other prepaid expense) is adjusted at year end in order to record accrued expenses, financial statements are affected in the following way:

  • income statement: costs increase, decreasing profits
  • balance sheet: assets and equity decrease
  • cash flow statement: cash from operating activities increases
  • owners' equity: decreases

5 0
3 years ago
Adriana Corporation manufactures football equipment. In planning for next year, the managers want to understand the relation bet
irga5000 [103]

Answer:

Adriana Corporation

Using the High and Low method the Variable and Fixed portions of the Total Cost is:

Fixed Costs = $247,420

Variable Costs = $39.50 Per unit x 8,020 Machine Hours = $316,790

B. at an average of 7,500hrs Machine hours, the estimated Overhead costs = $247,420 x (39.50 x 7,500)

= $543,670

Explanation:

The High and Low Method is a costing method which attempts to split the mix of Fixed and Variable costs in a mixed Total cost of production by looking at one element of variability (in this case Machine Hours)

It is a subjective approach, however simple to calculate. Other method is the regression analysis, which is more complex in comparison to the high and Low

The attached excel file shows how we derived the Variable and Fixed Costs element of the Overhead Costs

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Download xlsx
5 0
3 years ago
WHAT ARE THE BENEFITS OF PHYSICAL ERGONOMICS​
krok68 [10]

Answer:

▫️Increased savings. • Fewer injuries. • More productive and sustainable employees. ...

▫️Fewer employees experiencing pain. • Implementing ergonomic improvements can reduce the risk factors that lead to discomfort.

▫️Increased productivity. • ...

▫️Increased morale. • ...

▫️Reduced absenteeism. •

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6 0
3 years ago
Read 2 more answers
The carrying value of bonds at maturity always equals:.
svetoff [14.1K]

The carrying value of a bonds at the time of maturity will always equals: par value.

<h3>What is Par value?</h3>

Par value can simply be defined as the price of a bond or face value of a bond.

The carrying value of bonds at the time of maturity will always equals par value by adding or lessing the carrying amount or unamortized discount or unamortized premium.

Inconclusion the carrying value of a bonds at the time of maturity will always equals: par value.

Learn more about par value here:brainly.com/question/25765493

8 0
2 years ago
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