The question is incomplete. The complete question is :
Jim is a 60 year old male in reasonably good health. He wants to take out a $50,000 term (i.e. straight death benefit) life insurance policy until he is 65. The policy will expire on his 65th birthday. The probability of death in a given years is provided by the Vital Statistics Section of the Statistical Abstract of the United States.
x = age 60 61 62 63 64
P(age death) 0.01191 0.01292 0.01396 0.01503 0.01613
Jim is applying to Big Insurance Company for her term insurance policy. What is the probability that Jim will die in his 60th year? Using this probability and the $, death benefit, what is the expected cost to Big Rock Insurance.
Solution :
It is given that Jim, a 60 year old man wishes to take out the $50,000 life insurance policy until he turns 65 years of age when the policy will expire. So Jim apply to the insurance company, Big Rock Insurance for her insurance policy.
Now the death probability at a particular age is provided in the table above. According to the data provided in the table, the probability shows that Jim will die in the 60th year is 0.01191.
The expected cost to the Big Rock Insurance using this probability and $50,000 term insurance is given by :
Expected Cost [tex]$= 0.01191 \times 50000$[/tex]
= 595.50
∴ Expected cost = $ 595.50
The Balanced Scorecard approach to evaluation and control assigns to each goal/objective in an areaone or more measures that are each essential for acheiving a desired strategic option. These measures are called _________.
Answer:
4. key performance measures
Explanation:
The balance scorecard is the performance metric that used in the strategic management for identifying and improve the different business functions in internally also it would be resulted in the external outcomes.
In addition to this, it used for determining and provide the feedback to the organization
In order to accomplish the desired strategic option for measures each one area we known as the key performance measures
Assume that the reserve requirement is 25%. Answer the following questions based on this information. 1. Joe deposits $10,000 in Bank A. How much will Bank A have to keep in reserves
Answer:
$2500
Explanation:
Reserve requirement is the compulsory sum of money that Central Banks require banks to keep as reserves to meet unforeseen circumstances
Reserve = reserve requirement x amount deposited
0.25 x $10,000 = $2500
The following items are reported on a company's balance sheet: Cash $100,000 Marketable securities 50,000 Accounts receivable (net) 60,000 Inventory 70,000 Accounts payable 140,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio fill in the blank 1 b. Quick ratio fill in the blank 2
Answer:
a. 2.00
b. 1.50
Explanation:
The Current and Quick ratios are both liquidity ratios that are used to determine the ability of a company to pay off its current liabilities with current assets.
a. Current Ratio
= Current assets / Current liabilities
= (100,000 + 50,000 + 60,000 + 70,000) / 140,000
= 2.00
b. Quick ratio
= (Current assets - Inventory) / Current liabilities
= (100,000 + 50,000 + 60,000) / 140,000
= 1.50
does anyone know how combined shipping works on eBay?
do u take the original price, for example $6.00 and $6.00 and add that buy the combined shipping given by the seller, for example $4.80? and that’ll be the total?
if I got anything wrong, correct plz - thanks!
Answer:
I have no idea because I don't shop on ebay I shop on Amazon.
Explanation:
Sunland Company receives $282,000 when it issues a $282,000, 10%, mortgage note payable to finance the construction of a building at December 31, 2022. The terms provide for annual installment payments of $47,000 on December 31.
Required:
Prepare an amortization schedule of a mortgage note for two years.
Answer:
Date cash flow interest expense principal paid book value
D- 2022 282,000 0 0 282,000
D- 2023 -47,000 28,200 18,800 263,200
D- 2024 -47,000 26,320 20,680 242,520
Interest expense during first year = $282,000 x 10% = $28,200
Interest expense during second year = $263,200 x 10% = $26,320
One thing in life we cannot control is nature. What would your organization do if there was a natural disaster that destroyed electrical lines and internet servers
Answer:
The classification according to the situation has been described throughout the explanation segment elsewhere here.
Explanation:
People, therefore, have effectively articulated documented plans as well as employee initiatives to significantly reduce chaos throughout the aftermath of a collision. Throughout addition, we have quite a power server which instantaneously starts kicking off somewhere in the event of a power outage, and then at the same moment, people are however outfitted with either a couple of extra machinery which could be utilized in this type of emergency.To connect them, click the example, and then click the department
HR
Pablo keeps track of the amount of money earned by his
company and compares it to the amount spent.
Customer service
Fatima is responsible for handling customer complaints.
Kayla makes flyers to promote her dance classes.
Marketing
Emil drives an airport shuttle van.
IT
Minh helps new employees with their hiring paperwork.
Production
Jackson maintains the company's computer system.
Finance
Answer: Please see below for answers
Explanation:
Connecting the right department to the examples given, we have
Pablo keeps track of the amount of money earned by his company and compares it to the amount spent----- Finance
----A Finance department is responsible for improving funds for the firm, managing, controlling and reporting of the funds and deciding how assets should be funded.
Fatima is responsible for handling customer complaints.-----Customer service-
---- Any matter relating to how customers can be satisfied is handled in the customer service department
Kayla makes flyers to promote her dance classes---- Marketing
-----Marketing department is responsible for developing idea or strategy to promote a business in order to increase sales.
Emil drives an airport shuttle van-----Production
Minh helps new employees with their hiring paperwork----HR
The HR department is concerned with everything that concerns employee from hiring to dismissal.
Jackson maintains the company's computer system-----IT
Imagine that your firm has made a commitment to increasing the diversity represented at higher levels of the organization. What can you do to forecast which positions could be staffed with minorities
Incomplete question. The options read;
a) Assess the external labor market
b) Create a replacement chart
c) Forecast internal supply
d) Conduct a job analysis
Answer:
a) Assess the external labor market
Explanation:
Remember, by assessing the external labor market, one can find determine groups that are underrepresented in the labor market. In other words, the groups that are minorities can then be identified from among the external labor market.
For example, if you discover that "ethnic or social group A", has been under-represented or hold little higher-level positions in the external labor market for a number of years, you can now forecast positions where these minority groups could be staffed in the firm.
The forecast that could be staffed with minorities positions is to assess the external labor market.
What is labor market?The labor market, often known as the job market. It is concerned with the supply and demand for labor, with employees providing the supply and employers providing the demand.
It is an important part of any economy and is twined with capital, goods, and service markets.
By analyzing the external labor market, it is possible to identify groups that are underrepresented in the workforce, if the firm made commitment to increase the diversity in the levels of the organization.
Therefore, minorities can be detected inside the external labor market.
Learn more about the labor market, refer to:
https://brainly.com/question/24196058
A municipal bond carries a coupon of 6.75% and is trading at par. What is the equivalent taxable yield to a taxpayer in a combined federal plus state 34% tax bracket
Answer:
10.23%
Explanation:
Formula for computation of equivalent taxable yield is r = rm/1-t. Where the tax rate is t, rm is Yield on municipal bond and r is Tax equivalent yield
r = rm/1-t
r = 6.75% / 1 - 34%
r = 6.75% / 0.66%
r = 10.22727272727273%
r = 10.23%
So, the equivalent taxable yield to a taxpayer in a combined federal plus state 34% tax bracket is 10.23%.
How are technology and technical profession related ? use example to write answer
Answer:
Technician and technologist are two different terms. However, these two terms are interrelated. ... A technician has a good knowledge of the general principles of the field he is in, whereas, a technologist is a person who is completely aware of various technologies. A technician works under a technologist.
Answer:
techonology is a term wher technical profession are the jobs in which a person is technically and professionally expert . for eg:an bank network is a techonolgy but the seat for the controller of this network is technical profession.
A man invests his savings in two accounts, one paying 6% and the other paying 10% simple interest per year. He puts twice as much in the lower-yielding account because it is less risky. His annual interest is $2420 dollars. How much did he invest at each rate
Answer:
$11,000 - amount put in higher yielding account
$22,000 - amount he puts in the lower-yielding account
Explanation:
simple interest = principal x time x interest rate
Let x = amount he put in the higher yielding account
let 2x = amount he puts in the lower-yielding account
(2x x 0.06 x 1 ) + (x x 0.1 x 1) = $2420
0.12x + 0.1x = $2420
0.22x = $2420
x = 11,000 = amount he put in the higher yielding account
amount he puts in the lower-yielding account = 2x = 11,000 x 2 = $22,000
Cash $ 10 Accounts Receivable, net 20 Inventory 50 Long-term Investment 100 Equipment 520 Accumulated Depreciation 200 Accounts Payable $ 20 Bond Payable 100 Discount on Bond Payable 10 Capital Stock 200 Retained Earnings 120 Revenues 310 Expenses _240 _____ Totals $1,140 $760
Answer: d. Discount on Bonds Payable
Explanation:
When a bond is issued for a price that is lower than its par/ face value, the discount will be treated as a debit entry to an account called the Discount on Bonds Payable account.
This happens when a bond has a coupon rate that is lower than the market yield. It will lead to the bond being demanded at a lower price and it will be know as a Discount bond.
Assets and liabilities at the beginning of the period were $100,000 and $60,000, respectively. Assets and liabilities at the end of the period were $175,000 and $105,000, respectively. Withdrawals by the owner during the period were $15,000 and there was no investment by the owner during the period. The income during the period was
Answer:
$45,000
Explanation:
The computation of the income during the period is shown below:
Beginning stock holder equity
= $100,000 - $60,000
= $40,000
And, the ending stockholder equity is
= $175,000 - $105,000
= $70,000
Now the net income is
As we know that
Net income = Ending balance + withdrawls - opening balance
= $70,000 + $15,000 - $40,000
= $45,000
On January 2, 2020, Vaughn Manufacturing began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2021. Expenditures for the construction were as follows:
January 2, 2020 $ 599000
September 1, 2020 1801200
December 31, 2020 1801200
March 31, 2021 1801200
September 30, 2021 1220000
Vaughn Manufacturing borrowed $3230000 on a construction loan at 10% interest on January 2, 2020. This loan was outstanding during the construction period. The company also had $13680000 in 7% bonds outstanding in 2020 and 2021.
The interest capitalized for 2020 was:
a. $159600
b. $479060
c. $478800
d. $119940
Answer:
d. $119,940
Explanation:
We must first calculate the weighted accumulated expenditures 2020:
January $599,000 x 12/12 = $599,000 September $1,801,200 x 4/12 = $600,400 December $1,801,200 x 0/12 = $0total = $1,199,400capitalizable interests = $1,199,400 x 10% (interest rate of specific construction loan) = $119,940
you will consider other interest rates only if expenses are higher than the specific construction
Tim loaned a friend $4,000 to buy a used car. In the current year, Tim’s friend declares bankruptcy and the debt is considered totally worthless (or a bad debt(. What amount may Tim deduct on his individual income tax return for the current year as a result of the worthless debt, assuming he has no other capital gains or losses for the year? a. $4,000 ordinary loss (OL) b. $4,000 short-term capital loss (STCL) c. $2,000 short-term capital loss (STCL) d. $3,000 ordinary loss (OL) e. $3,000 short-term capital loss (STCL)
Answer:
e. $3,000 short-term capital loss (STCL)
Explanation:
From the given information;
Tim may deduct only $3,000 short-term capital loss (STCL) because the loan is not business-related. SO, he can claim a maximum of $3000 in the current year and the remaining can be forwarded to ordinary income on the individual return in any one tax year.
A firm has net working capital of $480, net fixed assets of $2,226, sales of $5,900, and current liabilities of $790. How many dollars worth of sales are generated from every $1 in total assets
Answer:
the sales per dollar of assets is 1.69
Explanation:
The computation of the dollars worth of sales is shown below;
Currents assets is
= $480 + $790
= $1,270
And,
total assets is
= $1,270 + $2,226
= $3,496
Now
sales per dollar of assets is
= $5,900 ÷$3,496
= 1.69
hence, the sales per dollar of assets is 1.69
4. When analyzing decisions that are made within a firm, economists typically assume that "profit maximization" is the firm’s main goal. However, a number of other goals are also possible. Choose one of the "other" possible goals and compare it to "profit maximization." Under what circumstances might the "other" goal that you described become a major focus for the firm? If you were the CEO of a large firm, what steps might you take to ensure that departments within the firm are working together toward common goals?
Answer: When employees are provided with a conducive environment they perform better than normal and with good products and services customers are satisfied hence more profit. The CEO should ensure all department work with same goal for the benefit of the organization
Explanation:
Companies tend to focus on the non-economic goals such as providing a good place for employees to work, good product and services to the customers and acts as a good citizen in the society. Achieving these goals are costly and doing so might interfere with profit maximization but in long term achieving them is beneficial to the company. When employees are provided with a conducive environment they perform better than normal and with good products and services customers are satisfied hence more profit. The CEO should ensure all department work with same goal for the benefit of the organization
PuLL M5 ucides diu Sdles Omalom
Sales
Purchases
20 units at $110
20 units at $120
January:
February:
May:
November:
15 units
10 units at $130
Using the weighted average inventory costing method, what is the value of the cost of goods sold on May?
$2,650
B. $2,670
C. $4,240
$1,725
Answer:
d. $1,725
Explanation:
Note: The organized question is attached below
Cost of goods available for sale as on May
=> 20 * $110 = $2,200
=> 20 * $120 = $2,400
Total cost of goods available for sale = $2,200 + $2,400 = $4,600
Weighted average cost per unit = Cost of goods available for sale / Units in inventory
Weighted average cost per unit = $4,600 / (20 + 20)
Weighted average cost per unit = $4,600 / 40
Weighted average cost per unit = $115
Cost of goods sold by using weighted average method on May = Units sold * Weighted average cost per unit = 15 * $115 = $1,725
So therefore, the value of the cost of goods sold on May is $1,725
Credits Group of answer choices decrease both assets and liabilities. decrease assets and increase liabilities. increase both assets and liabilities. increase assets and decrease liabilities.
Answer:
decrease assets and increase liabilities
Explanation:
Credits is commonly known to cause an increase in liability, equity, and revenue accounts and also lead to a decrease of/in asset and expense accounts. It is the right side of an account. Credits decrease assets and increase liabilities is a true statement of account.
If D0 = $2.25, g (which is constant) = 3.5%, and P0 = $54, then what is the stock's expected dividend yield for the coming year? a. 3.45% b. 4.23% c. 3.75% d. 4.31% e. 5.05%
Answer: d. 4.31%
Explanation:
Dividend yield is calculated by dividing the dividend by the price of the stock.
The dividend in the coming year given the growth rate is:
= 2.25 * (1 + 3.5%)
= $2.32875
The dividend yield is therefore:
= 2.32875/54
= 0.043125
= 4.31%
Jimmy's pizza bought a new pizza oven for $7,276. The useful life is estimated to be 12 years and the salvage value is $400. If jimmy uses straight line depreciation:
A. Calculate the annual depreciation
B. Determine the book value of the oven at the end of 8 years.
Answer:
see below
Explanation:
In straight-line depreciation, depreciation is a constant figure throughout the useful life of an asset.
The depreciation rate = 1/useful life x 100
For Jimmy's pizza depreciation rate
=1/12 x 100
=8.333%
The depreciable rate = Asset cost - salvage value
=$7,276 - $400
=$6,876
Annual depreciation = 8.333% x $6,876
=0.08333 x $6,876
=$573 per year
Book value after 8 years
=Asset value minus accumulated depreciation.
Accumulated depreciation = annual depreciation x number of year
Accumulated depreciation = $573 x 8
Accumulated depreciation= $4,584
Book value =$7,276 - $4,584
= $2,692
Prepare the general journal entries for the following transactions. 20-a Jan. 2 Purchased land with a building on it for $750,000. The land is worth $300,000. Paid $150,000 down and signed a mortgage to be paid over 20 years. Dec. 31 Depreciation is computed using the straight-line method. The building has an estimated salvage value of $75,000 and an estimated life of 20 years. 20-b Jul. 1 The building and the land are sold for $825,000 cash. If an amount box does not require an entry, leave it blank.
Answer:
Journal Entries:
Jan. 2:
Debit Land $300,000
Debit Building $450,000
Credit Cash $150,000
Credit Mortgage $600,000
To record the purchase of land and building.
December 31:
Debit Depreciation Expense on Building $18,750
Credit Accumulated Depreciation $18,750
To record the depreciation expense for the year.
July 1:
Debit Depreciation Expense on Building $9,375
Credit Accumulated Depreciation $9,375
To record depreciation expense for six months.
Debit Cash Account $825,000
Credit Sale of Land $330,000
Credit Sale of Building $495,000
To record the sale of the land and building for cash.
Debit Sale of Land $300,000
Debit Sale of Building $450,000
Credit Land $300,000
Credit Building $450,000
To close the accounts to the sale of asset accounts.
Debit Accumulated Depreciation $28,125
Credit Sale of Building $28,125
To close the accumulated depreciation account.
Explanation:
a) Data and Calculations:
Jan. 2
Cost of purchased land with building = $750,000
Value of the land = $300,000
Value of the building = $450,000 ($750,000 - $300,000)
Ratio of land to building = 4:6
Payment made on the purchase = $150,000
Allocation of payment:
Land = $60,000 ($150,000 * 0.4)
Building = $90,000 ($150,000 * 0.6)
Mortgage signed = $600,000
Allocation of Mortgage:
Land = $240,000 ($600,000 * 0.4)
Building = $360,000 ($600,000 * 0.6)
Method of depreciation = straight-line
Salvage value of building = $75,000
Estimated life of building = 20 years
Depreciable amount of building = $375,000 ($450,000 - $75,000)
Depreciation expense per year = $18,750 ($375,000/20)
Depreciation expense for six months = $9,375 ($18,750/12 * 6)
July 1: Sale of building and land = $825,000
Allocation of sale proceeds:
Building = $495,000 ($825,000 * 0.6)
Land = $330,000 ($825,000 * 0.4)
Market & entreprenurship
are two sides of a coin
Justify by example
Answer:
The analysis for this type of situation has been presented elsewhere here.
Explanation:
The face of something like a coin would be typically referred to as one of the head, although it sometimes describes this same head of such a high profile individual, as well as the back of the tail. Throughout disciplines of diploma nearby numismatic coins, this same phrase area has been more frequently than using front, when the utilization of opposite direction has been widely spread.state five ways a swot analysis can help in stategic planing
Answer:
Five ways a swot analysis can help in strategic planing:
1. It establishes the most relevant external threats that the company faces in the market.
2. It establishes the most relevant external opportunities that the company has in the market.
3. It establishes the most important internal strenghts that the company can take advantage of.
4. It establishes the most important internal weaknesses that the company should be wary of.
5. It matches these four elements, two at a time, in order to guide the strategic planning process.
If a household's income rises by 30%, its budget constraint will A) shift out parallel to the old one. B) pivot at the Y-intercept. C) shift in parallel to the old one. D) be unaffected
Answer:
A
Explanation:
A budget constraint is a graph that shows all the combination of goods a consumer can consume given current prices and income of the consumer.
If income increases, the budget constraint will shift out parallel to the old
If income decreases, budget constraint will shift in parallel to the old one.
The European Union and the United States are trading partners. (a) If the current account balance is zero, will an increase in United States real income result in a current account surplus, deficit, or no change
Answer: Deficit
Explanation:
One of the things a current account shows is the trade balance of a country which is the difference between its exports and its imports.
If real income was to increase in the U.S., her citizens will demand more goods and services as they can afford it.
This will lead to a rise in imports from U.S. trading partners which will then rise more than exports and result in a trade deficit which would lead to a current account deficit.
How does GDP accounting record the following events? For each of them, describe how they would be computed in GDP accounts using the income method, the production method, and the expenditure method.
a. Tom purchases a brand new Volkswagen from Germany for his start up ride sharing business for $20,000. He provides ride-sharing services earning him revenues of $40,000. During the course of the year, the Volkswagen depreciates by $2,000. Tom has no other costs.
b. An army battalion is deployed to the border to repel a threatened Canadian invasion. The soldiers earn wages of $10,000 and use ammunition that the government bought for $5,000. The ammunition was produced using $2,000 of imported steel and 100 hours of work, for which the workers were paid $1,000. Hint: two things are produced in this example, what is the value added for each of them?
c. The government collects $1000 in income taxes from Pam.
d. Pam earns $4000 for working as a babysitter and pays $1000 in income taxes.
Answer:
a. Tom purchases a brand new Volkswagen from Germany for his start up ride sharing business for $20,000. He provides ride-sharing services earning him revenues of $40,000. During the course of the year, the Volkswagen depreciates by $2,000. Tom has no other costs.
GDP increases by $20,000:
It will increase $40,000 by the services provided (consumption) but will decrease $20,000 due to the imported car (negative net exports).
b. An army battalion is deployed to the border to repel a threatened Canadian invasion. The soldiers earn wages of $10,000 and use ammunition that the government bought for $5,000. The ammunition was produced using $2,000 of imported steel and 100 hours of work, for which the workers were paid $1,000. Hint: two things are produced in this example, what is the value added for each of them?
GDP increases by $13,000:
Government spending increases by $15,000.
Net imports decrease by $2,000.
c. The government collects $1000 in income taxes from Pam.
GDP doesn't change. Taxes are not included in the GDP
d. Pam earns $4000 for working as a babysitter and pays $1000 in income taxes.
GDP increases by $4,000 (consumption).
the vikings company, based in minnesota, is committed to training new employees. assuming the company uses the incremental learning curve method, what is the total labor cost for 4 jobs
Answer:
$19,500
Explanation:
The complete question is: "Each time the Company hires a new employee, it must wait for some period of time before the employee can meet production standards. New employees are paid $150 per hour. Management is unsure of the learning curve in its operation, but it knows the first job by a new employee takes 40 hours and the second and third job take 32 and 28 hours respectively. Assume all jobs to be equal in size. Assuming that the company uses the incremental learning curve method, the total labor cost for 4 units will be closest to?"
The first job takes 40 hours.
The next job takes 32 hours.
So, the total hours for first 2 jobs = 40 hours+ 32 hours= 72 hours
Average hours for first 2 jobs = 72 hours / 2 = 36 hours. Learning curve percentage = 36 hours / 40 hours = 0.9 = 90%
So, the average for 4 jobs (double of 2 jobs) shall be 36*90% = 32.40 hours. Hence, Total hours for 4 jobs = 32.40 hours * 4 = 129.60 hours ≅ 130 hours. So, the total labor cost for 4 jobs = 130 hours * $150 per hours = $19,500
if i work 3:30pm to 9:30pm how many hours did I work
Answer:
You worked 6 hours
Explanation:
Answer:
6 hrs
Explanation:
A Company had beginning retained earnings of $190,000, net income of $52,000, and
dividends of $52,000. The ending retained earnings is;
Answer:
$190,000
Explanation:
Retained earnings are the profits not distributed to shareholders as dividends. In a given period, retained earnings will be the difference between profits and dividends.
I.e., retained earning = profits - dividends.
Therefore, Ending retained earning can be calculated as
Beginning retained earning + profits - dividends.
In this case
retained earnings = $190,000 + $52,000 - $52,000
=$242,000 - $52,000
=$190,000
