What is permanent insurance? Define the terms cost of insurance and cash value.
Question:
What is permanent insurance? Define the terms cost of insurance and cash value.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
Permanent insurance provides lifetime protection and the ability to ...View the full answer
Related Book For
Question Posted:
Students also viewed these Business questions
-
Define the terms cost and market as used in the lower of cost or market inventory valuation rule.
-
A project has an initial cost of $42,600 and cash inflows of $11,800 a year for 4 years. What is the NPV if the required return is 11 percent? a.-$5,991.14 b.-$2,868.22 c. $411.15 d. $1,008.18
-
Define the terms temporary difference and permanent difference as they pertain to the financial reporting of income tax expenses. Describe how these two book-tax differences affect the gap between...
-
Name: PN 200 Fundamentals of Nursing II Medication Error Prevention-OTC's Date: Jeff Voss, a 29-year-old graduate student is at the student health center for a physical examination required before...
-
If the electron affinity for an element is a negative number, does it mean that the anion of the element is more stable than the neutral atom? Explain.
-
Explain the various steps in the benefits administration.
-
Daniel lives in a rural town located in the Commonwealth of Massachusetts on 200 acres of land that includes a house, a greenhouse, and a large garden. The greenhouse is located about 15 feet from...
-
1. Given the fact that Rick has only $15,000 to invest, explain why he should consider investing in mutual funds rather than individual stocks. 2. In what type(s) of stock mutual fund(s) would you...
-
7. The full symbol of an ion of an element is 39X+? Which one of the following is the number of electrons in the ion? A. 18 B. 19 C. 20 D. 39 8. The atomic numbers of elements W, X, Y and Z are 9,...
-
AccountantSea has recently increased its long-term borrowings to fund the acquisition of two new cruise ships. The bank approved the increase subject to a debt covenant of maintaining a debt-equity...
-
What is term insurance?
-
Explain the benefit of the grace period.
-
The following website allows you to download a cash flow sensitivity analysis spreadsheet: bizfilings.com/toolkit/tools-forms/finance/business finances/cash-flow-budget-worksheet.aspx. You are faced...
-
Assume Zheng Company has the following sales and production budget figures for backpacks: January February March Sales 5,000 backpacks 7,000 backpacks 6,500 backpacks Production 5,400 backpacks 7,200...
-
An accounting firm is always very busy in the months leading up to tax day (usually April 15). Consider a firm that has two major groups of customers: individuals and small businesses. They employ...
-
The total domestic sales of local bank is P1,000,000, consisting of 20% from dividend, 30% from rent, 40% from 3 year maturity interest and 10% from royalty. How much is liable to Philippine business...
-
In the philippines, The total domestic sales of local bank is P1,000,000, consisting of 20% from dividend, 30% from rent, 40% from 3 year maturity interest and 10% from royalty. The total Philippine...
-
Competing in the global marketplace requires firms to select a global strategy. What strategy would you select for an international expansion of a Colorado based fast-food restaurant versus...
-
Conchita Cosmetics acquired 10% of the 200,000 shares of common stock of Martinez Fashion at a total cost of $13 per share on March 18, 2014. On June 30, Martinez declared and paid a $75,000 cash...
-
Refrigerant-134a enters an adiabatic compressor as saturated vapor at 120 kPa at a rate of 0.3 m3/min and exits at 1-MPa pressure. If the isentropic efficiency of the compressor is 80 percent,...
-
What are payday loans? Besides the high interest rates, what are some of the dangers associated with this type of loan?
-
What methods are used to calculate interest on a single-payment loan? Which method is preferable to the consumer?
-
Why are loans based on the simple interest method a better option than loans using the add-on method? Is this true even if the consumer decides to repay the loan early?
-
1. A businessman travels between the cities of the following graph. The travel pattern is that he stays in one of the cities for the whole day, and on the next day, he travels to one of the...
-
How do historical legacies of colonialism, imperialism, and systemic injustice continue to shape contemporary power structures, and what steps can be taken to address and redress these historical...
-
Izabella is 20 years old. Eighteen months ago, she started selling some of her old clothing which no longer suited her on peer-to-peer social shopping apps such as Letgo and Depop. She was surprised...
Study smarter with the SolutionInn App