an insured has a life insurance policy that requires him to only pay premiums for a specified number of years until the policy is paid up. what kind of policy is it?
Answers
An insured has a life insurance policy that requires him to only pay premiums for a specified number of years until the policy is paid up. It is limited pay life policy.
Limited payment life insurance has a set number of years during which premiums must be paid, but the benefits are cumulative. Depending on the policy chosen, premiums are due for 10, 15, or 20 years. You have a choice of monthly, quarterly, semi-annual, or annual premium payments. Tax-deferred growth of the guaranteed cash value.
A form of whole life insurance coverage called limited pay life insurance is designed to only require premium payments for a predetermined number of years. In other words, you consent to pay your insurance premiums in full over a predetermined period of time rather than paying them continuously.
With the limited pay life insurance plan, you pay premiums up front, but the advantages are cumulative. A restricted pay policy has advantages and disadvantages, just like any other type of life insurance. Your financial objectives and budget will determine whether it is appropriate for you.
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Related Questions
accounts receivable are typically classified as current assets because:
Answers
Account receivable are classified in such way because it is expected to be paid within a year.
Accounts receivable is a term used to describe an amount of money due for payment from customer to a firm for goods or services delivered or used by them.
In other word, any money owed by customers for purchases made on credit, it is termed as Account receivables under balance sheet.Let also understand that when there is an amount on purchase credit which went bad, such amount is treated as bad debt.In conclusion, account receivables are considered current assets and not treated as bad debt because they can be expected to be paid within a year.
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What are the similarities and differences in the purchasing
functions at a for profit versus a not for profit organization?
Answers
Explanation:
I hope this answer is helpful ):
Management at the Relaxing Pines resort chain places great emphasis on customer satisfaction and loyalty. They emphasize quiet, luxurious rooms and personalized service. In fact, bonuses are based primarily on customer evaluations. What perspective does this reflect
Answers
Which resource management activity identifies and verifies?.
Answers
Answer:
different kinds of buisness vary
Explanation:
A corporation announces a dividend of $.10 per share. If you own 1,500 shares of stock, how much money in dividends will you receive?
Answers
$150 money in dividends will you receive. That is $.10 per stock *1,500 shares= $150.The total of a company's declared dividends issued for each outstanding investors share of its common stock is known as the dividend per share (DPS).
The amount is determined by dividing the total dividends paid out by a company over a period of time, typically a year, including interim dividends, by the total number of outstanding ordinary shares issued. DPS is a crucial statistic for investors since the amount of dividends a company pays out directly translates to shareholder income. It is the simplest calculation an investor may uses.
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to the accopmanying graph represnets a hypothetical aggregate supply (as) and aggregate demand (ad) for an economy. suppose that the federal reserve uses open market operations to increase the interest rate. a. shift one or more of the curves in the graph to illustrate the effect that the fed's interest rate change have upon the price level and output. price level real output ad as b. what happens to real output in response to the interest rate change? it decreases. it changes ambiguously. it increases. it stays the same.
Answers
The it depends on the direction and magnitude of the shifts in both the aggregate demand and supply curves.
What is the effect that the fed's interest rate change have upon the price level and output?Unfortunately, I cannot see the accompanying graph you mentioned in your question. However, I can provide a general explanation of how an increase in interest rates by the Federal Reserve can affect aggregate supply and demand in an economy.
When the Federal Reserve increases interest rates, it makes borrowing money more expensive, which can reduce consumer and business spending. As a result, the aggregate demand curve may shift to the left, indicating a decrease in both price level and real output.
At the same time, an increase in interest rates can also encourage saving and reduce borrowing, which can reduce inflationary pressures in the economy. This can cause the aggregate supply curve to shift to the right, resulting in a decrease in price level but an ambiguous effect on real output.
In summary, the effect of a change in interest rates on real output is ambiguous.
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will the organizational structure selected by the partners have an impact on your decision to extend the loan?
Answers
Organizational structure can impact the loan decision, considering factors like liability, governance, and financial stability.
The organizational structure selected by the partners can indeed have an impact on the decision to extend a loan. Factors such as the legal liability of the organization, the governance structure, and the overall financial stability play a significant role.
For instance, if the organizational structure is a limited liability company (LLC) or a corporation, the partners may have limited personal liability, which can increase the lender's confidence in loan repayment. On the other hand, if the structure is a partnership or a sole proprietorship, the partners may have unlimited personal liability, posing potential risks for the lender.
Furthermore, the governance structure and financial stability of the organization provide insights into its ability to generate sufficient cash flow to repay the loan. These factors collectively influence the lender's decision-making process and risk assessment when considering whether to extend a loan to the organization.
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At Ancestry, even in a job as seemingly specialized as that of genealogist, the component parts of the job are quite varied. If Ancestry asked you to advise the company on restructuring job design, how would you explain a recommendation for further specialization?
The workers in highly specialized jobs tend to report higher levels of job satisfaction.
When workers perform small, simple tasks, they become very proficient at each task.
Specialization increases the transfer time between tasks.
Highly specialized workers may feel their jobs are too stimulating.
Answers
A recommendation for further specialization within the job of a genealogist would involve breaking down the job into smaller and more specific tasks. By doing this, the genealogist would be able to focus and become more proficient in certain specialized areas.
What does a genealogist do?A genealogist is a person who studies and traces family histories and lineages. They use a variety of sources such as birth, marriage, death and census records to build family trees and track down historical information about ancestors.
This would allow for a higher transfer time between tasks, resulting in increased job satisfaction. For example, a genealogist may specialize in researching a particular geographic area or time period.
In addition to increasing job satisfaction and providing the opportunity to specialize, further specialization also has the potential to increase the efficiency and quality of the genealogists’ work. By breaking down the job into smaller tasks and becoming more proficient in certain areas, the genealogist is better able to focus on the quality of their work and deliver results more quickly.
By breaking down the job into smaller tasks, the genealogist is able to focus, become more proficient, and specialize in certain areas. This leads to increased job satisfaction and improved work quality.
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what does the going concern concept mean?
A)a business is profitable
B)a business will continue to operate for the foreseeable future
C) the assets of a business exceed its liabilities
D)the assets of a business should be evaluated at disposal value
Answers
Answer:
B)a business will continue to operate for the foreseeable future
Explanation:
The concept of 'going concern' means that a business will continue to operate into the foreseeable future. It implies that a business has a long life and is no danger of shutting down or being liquidated.
The going concern concept may be applied when a business is being sold or acquired. When a business is being sold as a going concern, it means that it is being sold as a unit. After the transaction, the business is expected to continue with its operations as normal.
Read the description of the following adjustments that are required at the end of the accounting period for Riley Furniture Restoration, a new firm. Determine the account and amount to be debited and the account and amount to be credited. (Round your final answers to nearest whole dollar) A Purchased supplies for $2,900 on June 1, 20X1. Inventory of supplies was $1.250 on June 30, 20X1. Record the adjustment for the 8. Sloned a 4-month contract for $1,960 of prepaid advertising on June 1, 20X1. Record the adjustment for the amount of the advertising contract that expired during the month of June 20x1. C. Prepaid rent for one year on June 1 20x1, in the amount of $14,400. Record the adjustment on June 30, 20x1, D. Depreciation is computed using the straight-line method. Equipment purchased on June 1, 20x1, for $23,760 has an estimated useful life of 9 years with no saivage value. Record the adjustment on June 30, 20X1.
Answers
A. The debit account for this adjustment is Supplies and the amount debited is $2,900. The credit account for this adjustment is Accounts Payable and the amount credited is $2,900.
This adjustment is necessary because Riley Furniture Restoration purchased supplies on June 1, 20X1. The inventory of supplies was $1,250 on June 30, 20X1, so the difference of $1,650 needs to be recorded in the books.
B. The debit account for this adjustment is Advertising Expense and the amount debited is $1,960. The credit account for this adjustment is Prepaid Advertising and the amount credited is $1,960. This adjustment is necessary because Riley Furniture Restoration prepaid for a 4-month advertising contract on June 1, 20X1. Since the amount of the contract that expired during the month of June is $1,960, this amount needs to be recorded in the books.
C. The debit account for this adjustment is Prepaid Rent and the amount debited is $14,400. The credit account for this adjustment is Cash and the amount credited is $14,400. This adjustment is necessary because Riley Furniture Restoration prepaid for a full year of rent on June 1, 20X1. Since a month of the prepaid rent has expired, the amount of $1,200 needs to be recorded in the books.
D. The debit account for this adjustment is Depreciation Expense and the amount debited is $2,640. The credit account for this adjustment is Accumulated Depreciation and the amount credited is $2,640. This adjustment is necessary because Riley Furniture Restoration purchased equipment on June 1, 20X1, for $23,760 with an estimated useful life of 9 years and no salvage value. Depreciation is computed using the straight-line method and the amount that needs to be recorded in the books for the month of June is $2,640.
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When Porsche filmed an advertisement in which its vehicles ran over the Great Wall of China, Chinese consumers were left more confused than intrigued. To address or avoid such issues, one important cultural classification scheme that firms can use is Hofstede’s cultural dimensions concept. Hofstede proposes that cultures differ on all of the following dimensions except
a. Materialism
b. Individualism
c. Masculinity
d. Time orientation
e. Indulgence
Answers
Hofstede proposes that cultures differ on all of the following dimensions except Materialism. The correct option is a. materialism.
Hofstede's cultural dimensions concept is a framework for understanding how cultural differences can affect business practices and consumer behavior. By analyzing a society's values and beliefs across these dimensions, firms can tailor their marketing and branding strategies to better align with local customs and preferences.
In the case of Porsche's advertisement, the company failed to take into account the importance of the Great Wall of China as a cultural symbol and the negative impact that running over it could have on Chinese consumers. By using Hofstede's cultural dimensions concept, firms can avoid such missteps and create more effective cross-cultural communication strategies. The correct option is a. materialism.
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What are the advantages and disadvantages of the three primary business writing formats?
Answers
Answer and Explanation:
The business writing formats benefits and disadvantages of the three primary business writing formats are described below:-
A memorandum is a formal define that it is the way of communication that enables corporations to connect with their workers. This is typically used to distribute updates or issues.
Memos are highly increasingly being replaced by e-mail, so sending a memo is more difficult and costly. Therefore, a Business Letter is a structured communication method that's best used to connect with clients.
It generally takes more time to write and format a business letter than to write an email or memo.
As we know that an Email is easy to send and priceless, and make enable to send message to many people at a time also Many unwritten e-mails etiquette rules and can be too casual for many business purposes.
Business writing formats includes the use of memorandum, email business letters etc. The advantages and disadvantages of the three primary business writing formats are:
A Memorandum: (Advantages)
This is simply a formal, internal communication tool which allows companies to communicate with their employees. It is known to be used to deliver announcements or problems.Disadvantages
Memos are said to be rapidly been replaced by e-mail due to the fact that it is more complicated and expensive to deliver a memo.Business letters (Advantages)
A Business Letter is simply known as a formal communication tool which is utilized for communicating with customers.Disadvantages
Writing and formatting a business letter often takes more time than composing a memo or e-mail.Emails (Advantages)
E-mail is quick, easy and cheap, and allows you to send messages instantly to any number of people.Disadvantages
E-mail has too much unwritten rules to follow (etiquette) and it is too informal for many business purposes.Learn more from
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How much is it to start a buissness?
Answers
Answer:the average cot to start a business is 30,000
Explanation:
Covenants that place direct restrictions on managerial decisions are called:
a. affirmative restrictions
b. affirmative covenants
c. negative restrictions
d. negative covenants
Answers
Covenants that place direct restrictions on managerial decisions are called "d. negative covenants."
Negative covenants are contractual provisions that restrict or prohibit certain actions or decisions by the management of a company. These covenants are typically included in loan agreements or other financial contracts to protect the interests of lenders or investors.
Negative covenants aim to limit the discretion of the management team and prevent actions that could potentially harm the financial health or stability of the company.
They may include restrictions on incurring additional debt, selling significant assets, changing the company's ownership structure, or making certain investments or expenditures without prior approval.
Therefore, the correct answer is option d. negative covenants
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REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same
month, 104 snowboards were sold. REI uses a periodic inventory system.
Date
Sept. 1
Sept. 12
Sept. 19
Sept. 26
Explanation Units Unit Cost
Inventory
Purchases
Purchases
Purchases
Totals
13
48
56
23
140
$115
118
119
120
Total Cost
$ 1,495
5,664
6,664
2,760
$16,583
Answers
we can analyze REI's purchases of snowboards during September using a periodic inventory system. A periodic inventory system involves determining the cost of goods sold (COGS) and the ending inventory at the end of the accounting period. the cost of goods sold (COGS) for September is $19,582,760.
The given statement states that REI is a snowboard seller and the given information is related to the purchases made by the company in the month of September. The given information is provided below;481202,760$16,583To find the cost of goods sold (COGS), we need to follow a formula;COGS = Beginning inventory + Purchases - Ending inventoryCOGS = $16,583 + $481,202,760 - Ending inventoryGiven, Gross profit = Sales - COGSGross profit = $35,682,000 - COGSAs the value of Gross profit is given, we can put this value in the formula of Gross profit to calculate COGS;Gross profit = $35,682,000 - COGS$16,099,240 = $35,682,000 - COGSCOGS = $35,682,000 - $16,099,240COGS = $19,582,760.
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Performance Assessment Task
Jrotc
This performance assessment task gives you an opportunity to document your achievement of the lesson’s competency: Demonstrate proper etiquette in social settings For this performance assessment task, you will complete the Dining-Out scenario. For this assessment you will: Read the following scenario and individually complete the information below. Be prepared to share your answers in class. The same criteria in the scoring guide below can be used to evaluate your performance of proper etiquette and manners at the annual Cadet Ball. Scenario: The annual Dining-Out is in five months. You have been asked to be a member of the Dining-Out committee. The committee plans all aspects of the Dining-Out. Complete this assignment as if you are preparing for the meeting and event. The committee will discuss invitations, table settings, receiving line protocol (guest speaker and other dignitaries), proper dress, protocol for honoring the nation, and thank you notes. 1. Invitations: Create the text for the invitation. Include all pertinent information including dress code and RSVP: Table Setting: On the back of this page, draw a picture of the appropriate table setting for the following menu: Fresh Garden Salad with Dressing Dinner Roll Tomato Soup Beef Tenderloin or Grilled Salmon New York Style Cheesecake with strawberries Iced Tea and water 2. Receiving line and other protocol: a. Who belongs on the line? b. What order should the guests stand in? c. Address the appropriate protocol for honoring the nation. d. Describe how you will greet the guest of honor(s): e. What attire should you wear? 3. Thank you notes: Create a sample thank you note to send to the guest speaker: 4. Explain your role in the annual Cadet Ball as a Year 1 Cadet: 5. Use the attached scoring guide criteria for what you need to do to complete this task. 6. Submit your completed performance assessment task and scoring guide to your instructor for evaluation and a grade.
Answers
The invitation should include the date, time, location, the dress code, RSVP deadline, and any other important relevant information such as the theme of the event.
The invitation text will be like this: You are cordially invited to attend the Annual Dining-Out hosted by the JROTC program. The event will take place on [date] at [time] at [location]. Dress code for the evening is formal attire, which includes a dress uniform or civilian formal wear.
Please RSVP by [RSVP deadline] to [contact information]. We look forward to your presence at this event.
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You can buy life insurance for anyone. True or false
Answers
Answer:
False
Explanation:
Answer: False
Explanation:
In your discussion (from question 1), report to Pieter Boone the environment in which Pick n Pay operates, (Further research is encouraged).
Answers
Pick n Pay operates in the retail industry in South Africa, which is a dynamic and competitive market. The company faces various environmental factors, including economic conditions, consumer behavior, technological advancements, regulatory policies, and social trends. Conducting further research will provide a more comprehensive understanding of the specific environment in which Pick n Pay operates.
The environment in which Pick n Pay operates can be influenced by several factors. Firstly, economic conditions play a crucial role as they impact consumer spending power, inflation rates, and overall market growth. Changes in GDP, employment levels, and disposable income can significantly affect consumer behavior and purchasing decisions.
Consumer behavior and preferences are another important aspect. Factors such as shifting demographics, changing lifestyles, and increasing health-consciousness can influence the demand for certain products and services. Pick n Pay needs to stay updated on these trends to effectively cater to customer needs and stay competitive.
Technological advancements are rapidly transforming the retail industry. E-commerce, mobile applications, and digital platforms have reshaped the way consumers shop and interact with retailers. Pick n Pay needs to adapt to these technological changes to enhance the customer experience, streamline operations, and stay relevant in the market.
Regulatory policies and compliance requirements also impact Pick n Pay's operations. Government regulations related to labor, taxes, food safety, and environmental sustainability can impose additional costs and affect business practices.
Lastly, social trends and cultural factors shape consumer preferences and expectations. Growing awareness of sustainability, ethical sourcing, and social responsibility can influence consumer choices and impact Pick n Pay's reputation.
Conducting further research on the specific market dynamics, industry trends, and competitive landscape will provide a deeper understanding of the environment in which Pick n Pay operates. This knowledge will enable the company to make informed decisions, identify growth opportunities, and effectively respond to the ever-changing business landscape.
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true or false: public us companies are not allowed to adopt the ifrs standards and must use us gaap.
Answers
The statement "public US companies are not allowed to adopt the IFRS standards and must use US GAAP" is False because the US Securities and Exchange Commission (SEC) has allowed companies to voluntarily adopt IFRS since 2007.
The IFRS (International Financial Reporting Standards) is a set of accounting standards created by the International Accounting Standards Board (IASB). This standard is used by businesses in more than 120 countries, including most of the European Union, in the preparation of financial statements.
US GAAP (Generally Accepted Accounting Principles) is a collection of commonly accepted accounting principles, rules, and guidelines used in the United States when preparing financial statements. It is designed to ensure that financial reporting is transparent, accurate, and consistent. However, public US companies are allowed to adopt IFRS Standards instead of US GAAP.
The US Securities and Exchange Commission (SEC) has allowed companies to voluntarily adopt IFRS since 2007. However, many US companies still use US GAAP because it is the standard required by the SEC for public companies that are based in the United States.
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1.1.2 Quiz: Business Goals and Standards
Question 1 of 10
Define the word profit in business.
OA. Money left after costs are paid
B. Commercial activity
OC. Quality care
OD. Structure for wealth
SUBMIT
Answers
The word profit in business means the money left after costs are paid (option A).
What are the costs or business expenses?Costs or expenses in business include the costs that are considered necessary and ordinary as well. Business expenses include travel charges, bank fees, bank interests, payroll of the employees, fees, commissions, and office equipment.
The money that is left after paying the business expenses or the costs includes the profit. It is important to mention that businesses have to pay their business expenses and after deducting that money, the amount that is left with a business organization is the profit.
It can be concluded that the word profit in business means the money left after costs are paid (option A).
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Which tools allow economists to determine if the allocation of resources determined by free markets is desirable?.
Answers
susan has purchased a whole life policy with a death benefit of $420,000. assuming that she dies in 8 years and the average inflation has been 5 percent, what is the value of the purchasing power of the proceeds?
Answers
Purchasing power of proceeds is $284,360.18
-Exhibit 1-A gives the future value of $1 after different periods of time at different levels of inflation.
- As the inflation is 5% and period is 8 years, we locate the table factor for 5% and 8 years. The factor is 1.477
- Divide the insurance benefit amount by the table factor to get the purchasing power of proceeds.
Purchasing power of proceeds = (420,000) / (1477) = $284,360.18
What is purchasing power?
The sum an investor pays for an investment is referred to as the purchase price, and that amount becomes the investor's cost basis for determining gain or loss when the investment is sold. Pricing will undoubtedly be crucial if a product is currently in high demand on the market because a price increase may deter buyers from purchasing it. In a similar vein, if prices are reduced in such market circumstances, then customers' purchases will rise sharply.
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salesperson: bob, we would like to do business with you. how about giving us a chance to show what we can do for you? let's get your first order written up. this is an example of what type of close?
Answers
Answer: This is an example of an Assumptive Close.
What is an Assumptive Close? Assumptive close (also referred to as presumptive close) is a closing technique that uses questions to imply that your customer is going to make a purchase. Meaning thereby, instead of asking "If they would like to buy" you instead ask "how would they like to buy". In this closing technique, the salesperson assumes that the customer is ready to make a purchase and moves forward with finalizing the sale by suggesting to write up the first order.
It is an effective sales closing technique because it can help you sign contract more quickly, unlike other closing techniques. It can also be used in combination with other closing techniques.
What are closing techniques? It is a method to encourage prospective clients to convert into customers. It involves process of closing the deals successfully.
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On June 10, 2014 Charles applied
for a Php 12 000 loan at 8%
simple interest. He Promised
to pay on September 29,
2014 compute for the exact
interest.
Answers
Charles will pay an exact interest of Php 289.32.
Data and Calculations:
Loan = Php 12,000
Simple interest rate = 8%
Date of loan = June 10, 2014
Repayment date = September 29, 2014
Period of loan = 110 days (June 10, 2014 - September 29, 2014)
Interest on the loan = Php 12,000 x 8% x 110/365
= Php 289.32
Thus, the exact amount of interest to be paid is Php 289.32.
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a company using the periodic inventory system has inventory costing $210 on hand at the beginning of a period. during the period, merchandise costing $635 is purchased. at year-end, inventory costing $160 is on hand. the cost of goods sold for the year is a.$795 b.$635 c.$685 d.$265
Answers
The cost of good sold is $685. The appropriate response is option C.
What is cost of good sold?The total sum that your company spent on expenses directly associated with the selling of goods is known as the cost of goods sold. Depending on the nature of your firm, this could also include raw materials, packaging, direct labor involved in making or selling the product, and items bought for resale.
In order to compute cost of goods sold (COGS), one must first determine the value of inventory at the start of the period, then add the cost of any new inventory acquired throughout the period, and then deduct the value of inventory held at the end of the period.
inventory at the beginning = $210
Purchases= $635
Year end inventory = $160
$210+ $635 - $160 = $685
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Which statement about earnings and education is most true?
Answers
Answer:
graduates with a professional degree always earn more than others
Answer: College graduates often earn 50 percent more per year than high school graduates
Explanation: because
What type of investment could Juan choose to balance the risks of
purchasing start-up stocks and still keep his money in the stock market?
Answers
Answer:mutual funds
The type of investment that Juan could choose to balance the risk of purchasing start-up stocks and still keep his money his money in the stock market is a mutual fund.
What is a mutual fund?A mutual fund is an investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe and an open-ended investment company in the UK.
Mutual funds are often classified by their principal investments: money market funds, bond or fixed income funds, stock or equity funds, or hybrid funds. Funds may also be categorized as index funds, which are passively managed funds that track the performance of an index, such as a stock market index or bond market index, or actively managed funds, which seek to outperform stock market indices but generally charge higher fees.
The primary structures of mutual funds are open-end funds, closed-end funds, and unit investment trusts.
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buying a new building increases business
Land/capital
Answers
Answer:
land
Explanation:
why because buying a capital we'll be to much
what are taxes .....
Answers
Answer: Taxes are compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.
Explanation: Taxes are mandatory contributions collected by governments.
The Internal Revenue Service (IRS) collects federal income taxes in the United States.
There are many forms of taxes and most are applied as a percentage of a monetary exchange (for example, when income is earned or a sales transaction is completed).
Other forms of taxes, such as property taxes, are applied based on the assessed value of a held asset.
Understanding what triggers a tax situation can enable taxpayers to manage their finances to minimize the impact of taxes.
Hope this was helpful
Explanation:
Gillette spent $300 million in advertising to introduce the MACH3 razor to consumers. Such expenditures are often made to stimulate __________ or desire for the product class, rather than for a specific brand, when there are no competitors with the same product.
Answers
Answer:
Primary demand
Explanation:
Demand for a product may be influenced by the company's brand name or based on the demand influenced by the product category. When demand is based on a particular product category rather than for a particular brand type, then we refer to this as primary demand. In the scenario above, the Gillette MACH3 is a particular product produced by Gillette, and the $300 million spent on its advert is for the product rather than to promote the Gillette brand. Hence, this advert spending on the MACH3 which is a particular category of gillete's product is spent to stimulate primary demand of product.