Answer: Most policies have a nonforfeiture benefit to refund a portion of a policy's cash value when coverage stops.
Explanation:
Term insurance is a type of life insurance policy whereby the policy owner will be given coverage for a particular time period.
It should be noted that term insurance can be renewed for additional periods without evidence of insurability and can also be converted to a permanent life insurance policy.
The option that most policies have a nonforfeiture benefit to refund a portion of a policy's cash value when coverage stops is not true.
A customer, age 55, has a diversified portfolio of blue chip equity investments that pay a reliable cash dividend. The customer would like to retire at age 65. The customer has an expensive lifestyle, and even though he makes a good income, he uses the dividend income from his investments to pay his large monthly bills. The main problem that is evident here is that the:
Options :
A.) portfolio should be rebalanced to include a percentage allocation to fixed income securities because of the customer's age
B.) customer is unable to take advantage of the compounding effect of reinvesting dividends
C.) customer increases his tax liability by spending the dividends rather than reinvesting them
D.) customer needs to change his spending habits
Answer: B.) customer is unable to take advantage of the compounding effect of reinvesting dividends
Explanation: Investments have become a me a hugely important way of ensuring financial growth whereby individuals put hase stocks or shares in other to earn dividends. This investments has the capability of witnessing a very growth after the initial stock purchase whereby Dividend earned are accrued and reinvested thereby increasing the individual's investment capital and multiplying returns. In the scenario above, Dividend multiplication due to the compounding effect of the interest rate because the investor is unable to reinvest her Dividend and hence lose the huge benefit associated with compounding effect of Dividend Reinvestment in other to cater for her luxurious life style.
From an interactive marketing perspective, ________ is defined as the sum total of the interactions a customer has with a company's website from the initial look at a home page through the entire purchase decision process.
Answer:
customer experience
Explanation:
The customer experience from an interactive marketing perspective refers to the journey that the customer has when he/she has an online interaction with the company. This could include using the website to get information about a product or use a mobile app.
According to this, the answer is that from an interactive marketing perspective, customer experience is defined as the sum total of the interactions a customer has with a company's website from the initial look at a home page through the entire purchase decision process because it includes the whole journey that the customer has when interacting with the company online.
A broker from Nebraska wants a license in Florida. He takes a written exam of 40 questions and passes 35 of them. The broker has taken advantage of the written agreements between the states for real estate licensing. This is an example of:
Answer:
A mutual recognition agreement between the states of Florida and Nebraska, created for real estate licensing.
Explanation:
A mutual recognition agreement is defined as a situation where 2 more countries recognise conformity examination results of each other. So a person that writes an examination and passes in one location can get a liscence in another country based on his exam results.
In the given scenario a broker from Nebraska wants a license in Florida. He takes a written exam of 40 questions and passes 35 of them.
After passing the exam he is able to obtain a real estate liscence in Florida.
This is an example of Mutual recognition agreement between Nebraska and Florida.
suppose an unanticipated decrease in foreign spending on domestically produced goods causes the aggregate demand curve to shift to the left (from AD1 to AD2 ). According to adherents of the adaptive-expectations theory, the unanticipated change in aggregate demand will cause the economy to move in which direction
Answer:
Under the adaptive expectations theory, individuals and businesses base their future economic expectations using past events and experiences as their starting point. E.g. if the economy has been constantly growing steadily for the past 4 years, people and businesses will expect that it continues to grow in a similar way in the near future.
In this case, since the aggregate demand decreased (leftward shift) but this was the result of an unanticipated decrease in exports, economists, individuals and businesses will believe that the economy will not be affected and shall soon return to its normal path. The problem is that the economy actually starts to shrink, and since no adjustments are made on time, the problem will not improve, instead it will get worse. Eventually, once the people and businesses realize the negative effect on the economy, they will react abruptly.
This happened during the Great Recession when everyone thought that the prices of homes would increase forever, but once people realized their mistake, panic spread and the economy collapsed. This is not the same situation, but the negative effects will be eventually felt.
Cherries on Top, a national ice cream shop, is struggling financially to keep up with the bigger chains. The top executives have decided to close all the stores in the Northeast and Texas, as that will give them an additional one million dollars to put into marketing. This executive is practicing the
Answer:
utilitarian approach.
Explanation:
Cherries on Top is a national ice cream shop and is struggling financially to keep up with the bigger chains. The top executives have decided to close all the stores in the Northeast and Texas, as that will give them an additional one million dollars to put into marketing. This executive is practicing the utilitarian approach.
Utilitarianism can be defined as an ethical moral theory that offers anyone a relatively direct method for enhancing choices and making decisions about the right course of action for any particular situation.
Basically, the utilitarian approach analyzes and measure an action in terms of its outcome or consequences; by determining the net benefits and costs to all stakeholders of an organization individually.
The main purpose or focus of the utilitarian approach is to achieve the best possible outcome or results for the overall success of the business while creating the least amount of harm, loss, damage or suffering.
Hence, the executive of Cherries on Top is practicing the utilitarian approach.
Melissa works as a computer data-entry operator at VeraSign. Melissa informs VeraSign that she suffers from carpal tunnel syndrome, causing pain in her wrists rendering her unable to use a keyboard. Melissa requests as an accommodation that VeraSign hire a data-entry employee to enter the information on her behalf. VeraSign refuses to do so. VeraSign has
Answer: not violated the American with Disabilities Act(ADA) because the requested accommodation will have undue hardship on employer
Explanation:
From the question, we are informed that Melissa works as a computer data-entry operator at VeraSign and that Melissa informs VeraSign that she suffers from carpal tunnel syndrome, causing pain in her wrists rendering her unable to use a keyboard.
We are further told that Melissa requests as an accommodation that VeraSign hire a data-entry employee to enter the information on her behalf and that VeraSign refuses to do so.
It should be noted that VeraSign not violated the American with Disabilities Act due to the fact that the requested accommodation will have an undue hardship on VeraSign.
The return on common stockholders’ equity is computed by dividing a) net income less preferred dividends by ending common stockholders’ equity. b) net income less preferred dividends by average common stockholders’ equity. c) net income by ending common stockholders’ equity. d) net income by average common stockholders’ equity.
Answer:
b) net income less preferred dividends by average common stockholders’ equity
Explanation:
Common stock dividends in a company is paid to stockholders after preferred dividends have been removed.
Preference shares are issued to investors with an agreement that they will recieve dividends before other shareholders.
So when calculating return on common stockholder's equity we will first deduct dividend paid to preference share holders.
The income coming to common share holders is now divided by average common stockholders equity to get the return on common stock equity.
Return on equity is usually used as a measure of how efficiently management uses company's assets to generate profits.
A company purchased a computer system at a cost of $34,000. The estimated useful life is 8 years, and the estimated residual value is $9,000. Assuming the company uses the double-declining-balance method, what is the depreciation expense for the second year
Answer:
Year 2= $4,687.5
Explanation:
Giving the following information:
Purchase price= $34,000
Useful life= 8 years
Salvage value= $9,000
To calculate the depreciation expense under the double-declining-balance, we need to use the following formula:
Annual depreciation= 2*[(book value)/estimated life (years)]
Year 1= [(34,000 - 9,000)/8]*2= $6,250
Year 2= [(25,000 - 6,250)/8]*2= $4,687.5
It will cost $7,000 to acquire an ice cream cart. Cart sales are expected to be $3,600 a year for three years. After the three years, the cart is expected to be worthless as the expected life of the refrigeration unit is only three years. What is the payback period
Answer:
It will take 2 years and 344 days to cover for the initial investment.
Explanation:
Giving the following information:
Initial investment= $7,000
Cash flow year 1 trough 3= $3,600
The payback period is the time required to cover for the initial investment:
Year 1= 3,600 - 7,000= -3,400
Year 2= 3,600 - 3,400= 200
To be more accurate:
(3,400/3,600)*365= 344
It will take 2 years and 344 days to cover for the initial investment.
Contrary to financial analysts, who predicted last year that the market for home computers would dwindle, the personal computer industry continued to show strong growth in the first quarter of this year.(a) analysts, who predicted(b) analysts, whose predictions(c) analysts and their predictions(d) analysts' predicting(e) analysts' predictions
Answer:
e) analysts' predictions
Explanation:
In contrast to the financial analyst, who estimated that in the last year the home computer market would be decline but at the same time the industry of the personal computer depicts the strong growth for the first quarter of the year
So here this given situation represents the estimation of the analyst and the same is to be considered
hence, the correct option is e.
A business client is looking for ways to decrease its monthly premiums. To get down to the premium level sought after by the company, the agent realizes they have to go to a high deductible health plan. As part of your advice to the business, what should you include in your discussion?
Answer:
"Health savings accounts (HAS)" is the appropriate answer.
Explanation:
HAS should be used with values that are generally insurance coverage. With either an HSA, extra cash can be placed into another consideration that has been protected mostly on the purchase price, and afterward investments can also be used for predefined hospital expenses.Since the investments throughout the HSA consideration could also be used for healthcare facilities, respondents frequently use them instead of unprotected methodologies including certain chiropractic appointments and perhaps certain health-related facilities not encompassed by their insurers.Under the NASAA model custody rule, an investment adviser would be considered to have custody of client assets if that adviser inadvertently receives:
i. a check from a client from a client made out to the IA and does not return the check within 24 hours
ii. a check from a client made out to a third party and Does not forward the check within 3 business days
iii. stock certificates from a client and does not forward them within 3 business days
iv. stock certificates from a client and does noT return them within 3 business days
Answer:
(ii) A check from a client made out to a third party and does not forward the check within 3 business days .
(iv) Stock certificates from a client and does not return them within 3 business days.
Explanation:
As per the NASAA model custody rule, the investment advisor will have the custody of the assets of the client an associated person only if the adviser accidentally receives ' a check has been made by the client to the third party but it is not forwarded within three business days' and when 'the certificates of stocks from the client not returned to them within three business days.' Thus, these indirect documents make the adviser eligible to have custody of client's possessions. Thus, the options ii and iv are the correct answers.
Which of the following are good workplace writing
habits? Check all of the boxes that apply.
adjusting the writing style to the audience
and avoiding the use of technical terms if the
reader is not familiar with the subject
checking for errors and misspellings and
making sure to use the correct version of a
word
using abbreviations since everyone in the
office understands their meanings
The one that exemplifies good workplace writing habits would be:
A). adjusting the writing style to the audience and avoiding the use of technical terms if the reader is not familiar with the subject.
B). checking for errors and misspellings and making sure to use the correct version of a word.
Writing HabitsThe above two habits that exemplify good habits of writing at the workplace would be modifying the writing as per the audience.
The technical terms must be prevented before the audience that is not aware of it.
The other good habit is that it is searching for the mistakes that would assist in improving the vocabulary and pronunciation.
Thus, options A and B is the correct answer.
Learn more about "Workplace" here:
brainly.com/question/13838280
The monetary liabilities of the Federal Reserve include currency in circulation and discount loans. government securities and reserves. currency in circulation and reserves. government securities and discount loans.
Answer:
currency in circulation and reserves.
Explanation:
The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.
Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America.
The monetary liabilities of the Federal Reserve include currency in circulation and reserves. The currency in circulation includes all of the US paper currency (dollar bill) that are available in the country while reserves refers to the minimum deposits being held for the U.S Treasury and depository financial institutions by the Fed.
Additionally, the overall sum of the United States of America treasury monetary liabilities and the Federal Reserve System's monetary liabilities is generally referred to as the monetary base.
Which types of teams most are appropriate when the primary goal is innovation and the organization needs flexibility to cope with an uncertain environment
Answer:
Horizontal
Explanation:
An organization with a horizontal structure can be defined as that which is more flexible, dynamic and less bureaucratic, where employees have greater influence in the decision-making process and greater freedom in their work. Generally, employees need to report to only one manager and feel more motivated to contribute innovative ideas to the company due to greater autonomy and freedom at work.
0) Which of these statements apply to Retail Store to Retail Store Transfers? Is initiated to reduce losses of expiring products The request to transfer is identified at the corporate level and communicated to the store A store needs a specific item quickly and asks another store for it Reduces the excess inventory levels of organization
Answer:
The request to transfer is identified at the corporate level and communicated to the store
Explanation:
When the condition arises for transferring the retail store to retail store transfer then the first thing the organization do is requesting for transfer to the corporate level and on the other side the corporate level people check whether there are actually needed or not and also the communication would be made to the store
Hence, the second last option is correct
Maddie is the CEO of Stevenson, Ross, and Warner (SRW), a regional accounting firm. SRW offers services in most areas of accounting, including auditing and consulting services. The firm must follow the GAAP rules, just like any other accounting firm. If there are information gaps that are not addressed and resolved by the firm, SRW could be considered a violator of the Sarbanes-Oxley Act. Maddie understands what must be done and wants every employee of the firm to understand that they have to follow all the rules and regulations. Like any other industry, accounting is a competitive industry and employees of accounting firms must be productive, progressive, and well trained. Refer to Stevenson, Ross, and Warner. If you applied for a job at SRW and were asked to state the accounting equation, which of these would you state?
Answer:
Assets = Liabilities + Owners' Equity
Explanation:
The reason is that it is the basic accounting equation that forms the basics of the double entry. It is main equation from which all the Gernally Accepted Accounting Principles and International Accounting Standards had originated. This helps us to understand a big picture of an entity either it is by record keeping, financial statement analysis, uncovering frauds, provision of system of check and balance and many more. This is the reason why the basic accounting equation has immense importance in Sarbanes Oxley Act, Companies Act, etc.
Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers $ 3,300 Interest on investments 220 Sale of land 110 Sale of common stock 520 Issuance of debt securities 2,300 CASH PAID FOR: Interest on debt $ 310 Income tax 90 Debt principal reduction 1,650 Purchase of equipment 4,900 Purchase of inventory 850 Dividends on common stock 280 Operating expenses 550 Bad Brad's would report net cash inflows (outflows) from investing activities in the amount of: $(2,490). $110. $(4,790). $(4,900).
Answer:
$(4,790)
Explanation:
Calculation for what Bad Brad's would report in the net cash inflows (outflows) from investing activities
CASH RECEIVED FROM:
Sale of land $110
LESS:CASH PAID FOR:
Purchase of equipment $4,900
Net cash inflows (outflows) from investing activities $(4,790)
Therefore Bad Brad's would report net cash inflows (outflows) from investing activities in the amount of:$(4,790) million.
Design of experiments is a technique that helps identify which variables have the most influence on the overall outcome of a process. Understanding which variables affect outcome is a very important part of quality planning.
Answer:
True.
Explanation:
Design of experiments can be defined as a systematic approach used to determine the relationship between factors (variables) affecting a process and its overall outcome or end result.
Generally, design of experiments involves the process of planning, conducting, evaluating and interpretation of controlled data to yield valid and objective outcomes.
Hence, design of experiments is a technique that helps identify which variables have the most influence on the overall outcome of a process.
This ultimately implies that, in order to achieve greater success and optimum level of output in an organization; design of experiments can be used to find cause-and-effect relationships of a process.
In conclusion, understanding which variables affect outcome is a very important part of quality planning.
Wilma is one of five equal members of Polar, LLC. This year, Polar generates $5 million in profits. The company reinvests $4 million into the company, leaving $1 million to be divided equally among the members. How are federal income taxes paid o
Answer:
c. Wilma (and each of the members) pays taxes on their $1 million share ($5 million divided by 5) of profits.
Explanation:
Data provided in the questions
Generated profits = $5 million
Reinvested amount into the company = $4 million
Out of which $1 million is to be divided equally
based on the above information, the federal income tax should be paid by 5 members of $1 million each
Hence, the option c is correct
And all other options are wrong
Northern Company has bonds with an amortized cost of $600,000. At the end of the first reporting period, the bonds had a fair value of $675,000. 2 days after the end of the first reporting period, the bonds have a fair value of $680,000 and Northern decides to sell the bonds. The initial investment in the bonds was $700,000 and the discount on bond account has a $100,000 balance. Northern properly classifies these bonds as trading securities. The journal entry to record the sale of the bonds includes:______.
Answer and Explanation:
The journal entry for the sale of the bond is shown below:
Cash Dr $680,000
Discount on bond investment $100,000
To Investment in bonds $700,000
To Fair value adjustment $80,000
(Being the sale of the bond is recorded)
For recording we debited the cash and discount as it increased the assets and credited the bond investment and fair value adjustment so that proper posting could be done
Soft and Silky, Inc. manufactures bedding sets. The budgeted production is for 53,000 comforters during the upcoming year. Each comforter requires 6 yards of material. The estimated January 1, 20Y7, beginning inventory is 31,000 yards. The desired ending balance is 30,000 yards of material. If the material costs $1.50 per yard, determine the materials budget for the year.
Answer:
The materials budget for the year = $475,500
Explanation:
let us first lay out the particulars
beginning inventory = 31,000 yards
ending balance = 30,000 yards
amount sold from beginning inventory = 31,000 - 30,000 = 1,000 yards
budgeted production = 53,000 comforters
requirement for each comforter = 6 yards
total budgeted yards to be required = (requirement for each comforter) × (number of comforters)
= 6 × 53,000 = 318,000 yards
Note that required number of yards to be required during the year = 318,000 yards, but we have 1,000 yards available from the beginning inventory, as shown above, therefore, the number of yards to be produced is calculated as follows:
number of yards to be produced = (required number of yards) - ( number of yards from beginning inventory)
= 318,000 - 1000 = 317,000 yards.
Next, we are told that material cost per yard = $1.50
1 yard = $1.50
∴ 317,000 yards = 1.50 × 317,000 = $475,500
Therefore the materials budget for the year = $475,500
If a government policy change harms a monopolist, the government could A. tax those who get additional gains and compensate the monopolist, thereby making the change a Pareto improvement. B. increase the general tax rate and compensate the monopolist, thereby making the change a Pareto improvement. C. do nothing, because the change is a Pareto improvement. D. It is not possible to mitigate the harm to a monopolist.
Answer:
Correct Answer:
C. do nothing, because the change is a Pareto improvement.
Explanation:
Monopolisim is the economic system whereby the business in concentrated in the hands of an individual thereby determining the price of the product which the citizens are going to pay. In a situation whereby the government policy change affect a monopolist, they should do nothing that would be beneficial to the monopolist.
Juan is willing to buy the last ticket to the Meathead concert for $120, while Mara is willing to pay $250. Juan is first in line and buys a ticket for $120. Juan could sell his ticket to Mara for $200, but he can't because of government regulation preventing the reselling of tickets. The regulation, then, is causing:
Answer:
Potential total surplus to increase.
Explanation:
As we know that:
Producer Surplus = Market value - Minimum price to sell
This means that for Juan:
Market value at which he can sell the ticket to Mara was $200 and the minimum price that he will accept will be $120
By putting values, we have:
Liam's surplus = $200 - $120 = $70
Now
Consumer Surplus = Consumer willing to Pay - Consumer Paid
For Alexander, the amount he was willing to pay was $250 and what he actually paid was $200 if the regulation hasn't intervened.
Alexander's surplus = $250 - $200 = $50
This means that the regulation prevents the increase in the potential total surplus and this has increased the dead weight loss of $120 ($70 + $50).
In 20X4, X Company purchased land for a new office building at a purchase price of $325,000. There was an existing building on the site that was demolished at a cost of $12,000. Scrap from the demolition was sold for $3,500. The building was completed during 20X4. In addition:
Answer:
$359,000 and $1,323,000
Explanation:
The computation of the amount reported for land and building is shown below:
For land
= Purchase price + attorneys + demolishing cost - scrap value + engineering fees
= $325,000 + $7,500 + $12,000 - $3,500 + $18,000
= $359,000
For buidling
= Architect fees + building permits + construction cost
= $40,000 + $8,000 + $1,275,000
= $1,323,000
Commercially reasonable means Multiple Choice observing industry standards and practices that are generally accepted throughout various industries as proper business practices. charging a fair price for goods and not taking advantage of others in the industry. getting the highest price possible for goods without violating the law. observing industry standards and practices that may be unique to the particular industry.
Answer:
observing industry standards and practices that may be unique to the particular industry.
Explanation:
Commercially reasonable activities are based on a standard of reasonableness. It gauges what a reasonable person or entity will do in a given situation.
For example a standard for operation is defined in an industry and used as a basis the determine if business practices of a company are reasonable or not.
It involves good faiths effort on the part of the actors to meet as much as possible a similar objective or activity under similar circumstances.
In this instance commercially reasonable is defined as observing industry standards and practices that may be unique to the particular industry.
Coronado Industries has outstanding accounts receivable totaling $6.57 million as of December 31 and sales on credit during the year of $22.6 million. There is also a credit balance of $11000 in the allowance for doubtful accounts. If the company estimates that 5% of its outstanding receivables will be uncollectible, what will be the amount of bad debt expense recognized for the year?
Answer:
$317,500
Explanation:
The computation of the amount of bad debt expense is shown below:-
Bad debt expenses = (Accounts receivable × Outstanding receivable percentage) - Opening Allowance for doubtful debts
= ($6.57 million × 5%) - $11,000
= $317,500
Therefore for computing the bad debt expense we simply applied the above formula.
You are considering acquiring a common share of Sahali Shopping Center Corporation that you would like to hold for 1 year. You expect to receive both $1.25 in dividends and $35 from the sale of the share at the end of the year. The maximum price you would pay for a share today is __________ if you wanted to earn a 12% return. A. $31.25 B. $32.37 C. $38.47 D. $41.32
Answer:
B. $32.37
Explanation:
The computation of the maximum price for paying the share today is shown below:
Let us assume the buying price be x
Now we applying the following formula
Return = (sale price - buy price + dividend) ÷ (buy price)
12% = ($35 - x + $1.25) ÷ x
0.12 = $36.25 - x
1.12x = $36.25
x = $36.25 ÷ 1.12
= $32.37
Hence, the correct option is B.
Smith Company learned that several other shippers in its hometown had customers located in the same markets that it serves. With this information, Jones should investigate the possibility of:
Answer: Pooled delivery consolidation
Explanation:
Pooled delivered consolidation is a scenario where group of shipments bound for the same region would have shipped less than tuckload carrier are pooled into the same trailer and are shipped to key markets then desolved to make the final aspects of the delivery. Smith should investigate a possibility of pooled delivery consolidation.
When organizations relate to their environments in ways that involve ethical dilemmas and decisions, these situations are said to fall within the context of the organization's _____ responsibility.
Answer:
Social.
Explanation:
When organizations relate to their environments in ways that involve ethical dilemmas and decisions, these situations are said to fall within the context of the organization's social responsibility.
In Business management, social responsibility can be defined as an organization's obligation to act in a manner that benefits and adds significant value to the society, usually it has its business operations.
Hence, in addition to making profits and maximizing shareholders, organizations are required to lessen negative environmental impact or degradation and provide social amenities such as pipe-borne water, electricity, roads etc. It is also referred to as corporate social responsibility (CSR).
