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DerKrebs [107]
2 years ago
15

1. Bob bought a $135,000 term life insurance policy. He is 35 years old and does not smoke. Find

Business
1 answer:
Sergio039 [100]2 years ago
7 0

Based on then information given his annual premium is $175,50.

<h3>Annual premium</h3>

Since he bought a life insurance policy of the amount of $135,000 his annual premium can be calculated as:

Annual premium per $1000 of coverage for a 35-year old = 1.30

Annual premium=Life insurance policy/1,000 ×1.30

Where:

Life insurance policy=$135,000

Let plug in the formula

Annual premium=$135,000/1,000×1.30

Annual premium= $175.50

Inconclusion his annual premium is $175,50.

Learn more about annual premium here:brainly.com/question/25280754

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Answer:

Explanation:

The journal entries are shown below:

1. Cash Dividend A/c Dr $122,838                       (62,600 + 16,650) × $1.55

        To Dividend payable A/c  $122,838

(Being the dividend is declared)

2. Dividend payable A/c $122,838

       To Cash A/c $122,838

(Being the dividend is paid)

3.  Cash Dividend A/c  Dr $142,97    (62,600 + 16,650 + 7,400) × $1.65

              To Dividend payable A/c $142,973

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3 years ago
Ajay borrowed $6000 cash from his friend Tim, *
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Answer:

Ajay account will be credited with $6000. While Tim account will be debited by $6000

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3 years ago
When the price of erasers increases from $1.50 to $2.50, the quantity demanded of pencils is unchanged. The cross-price elastici
xeze [42]

Answer:

Perfectly Inelastic

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Demand can be defined as the total quantity of a commodity which a consumer is willing and able to buy at a particular time and price.

There are several types of elasticity of demand a perfectly elastic demand is one that quantity remains the same regardless of a change in price

3 0
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Select the items that describe what happens at the equilibrium price. Producers supply the exact goods that consumers buy. Consu
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The items that describes what happens at the equilibrium price are:


Producers supply the exact goods that consumers buy.

Consumers have enough goods, at the given price.

Producers used their resources efficiently.

Equilibrium pricing is when the items demanded match the items supplied. When this happens, the demand and good available equal each other, hence, equilibrium. The pricing is exactly where it should be for consumers to want and purchase the good or service.

6 0
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What was the total manufacturing cost assigned to Job P? (Do not round intermediate calculations.) Total manufacturing cost_____
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Answer:

$52,285

Explanation:

The computation of the total manufacturing cost assigned to Job P is shown below:-

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= $13,000 + $21,000 + (2,300 × $7.95)

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= $52,285

Therefore for computing the total manufacturing cost assigned to Job P we simply applied the above formula.

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