Simon has a $250,000 life insurance policy with City Life. He has had this policy for many years, and all of the premiums have been paid. He no longer needs to make any payments in order to keep the policy in effect. Simon named his brother, Leo, as the beneficiary of the policy. Leo needs $50,000. Leo knows about the insurance policy, and that it is fully paid. Rather than take out a loan, he contacts City Life and asks for $50,000 as an advance against the full amount of the policy that will be due to him. What is City Life likely to do?

Answers

Answer 1

Answer:

The correct statement will be "Not give Leo the money since Leo is not vested".

Explanation:

Simon wanted to purchase a city life insurance package. Under that same agreement arrangement, Simon has compensated have all premiums owed. As that of the beneficiary including its scheme, Simon designated his brother, Leo.

Leo requires 50,000 dollars. He reaches the urban environment instead of accepting a mortgage as well as demands for the amount owed including its gain that would accumulate to him following his brother's passing.

The remaining amount through Life insurance policies can only be compensated on Simon's death and nobody even, particularly Simon and his brother Leo, seems to have the authority to charge any compensation payout against that kind of policies especially given the fact that almost all the contributions have been compensated.

So the above is the right approach.


Related Questions

The principles of customer focus, leadership, engagement, process approach, improvement, evidence-based decision making, and relationship management support the __________.
a. Gap model b. Deming philosophy c. Crosby's Absolutes of Quality Management d. ISO

Answers

The principles of customer focus, leadership, engagement, process approach, improvement, evidence-based decision making, and relationship management support the ISO (International Organization for Standardization) standards for quality management.

These principles are outlined in ISO 9000, a set of international standards for quality management systems.

The ISO 9000 standards provide a framework for organizations to implement a quality management system that ensures consistent quality in their products or services. The principles outlined in ISO 9000 are intended to guide organizations in delivering customer satisfaction, continuous improvement, and evidence-based decision making.

While these principles may also be aligned with other quality management frameworks such as Deming's philosophy or Crosby's Absolutes of Quality Management, the specific reference to ISO in the question suggests that ISO is the most appropriate answer. ISO 9000 is recognized worldwide as the standard for quality management, and adherence to its principles can lead to improved customer satisfaction, increased efficiency, and a stronger competitive position in the market.

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what are the main duties and responsibilities of a Hotel manager​

Answers

Answer:

Here are some:

recruiting, training and supervising staff.

managing budgets.

maintaining statistical and financial records.

planning maintenance work, events and room bookings.

handling customer complaints and queries.

promoting and marketing the business.

Hope it helps you pls mark me brain list.

Answer:

The main duties and responsibilities of the hotel manager are as below:

Explanation:

1) Recruiting, training, and supervising staff.

2) Managing budgets.

3) Maintaining statistical and financial records.

4) Planning maintenance work, events, and room bookings.

5)Handling customer complaints and queries.

6) Promoting and marketing the business.

How do customers find out about Donny Ouyang's company

Answers

People found out about his company through different types of promotion over the Internet. As well as offline around his community. Most people reach his Web sites through search engines like Google and Bing.com.

Answer:

People found out about his company through different types of promotion over the Internet. As well as offline around his community. Most people reach his Web sites through search engines like Gooogle and Bing.com.

Explanation:

GOT A 100% ON EDGE

HAVE A NICE DAY!!!

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Concentrated ownership is when there are very few shareholders so that each one gets a. Share of the profits

Answers

Answer:

yes it was correct but i was in shields and i’m going on the right now so it is a

Explanation:

Why do industries like electricity or cable TV have just one or two major firms while other industries like restaurants or clothes have hundreds or thousands?


What might be a general difference that leads to some industries having many firms while others are dominated by just one or two

Answers

There are several reasons why some industries have only one or two major firms while others have hundreds or thousands. One key factor is the level of barriers to entry. In industries with high barriers to entry, such as electricity or cable TV, it can be difficult for new firms to enter the market and compete with established players.

These industries often require significant infrastructure, technology, and regulatory approvals, which can limit the number of firms that can enter and survive. As a result, the few firms that do manage to enter and establish themselves tend to dominate the market. On the other hand, industries with low barriers to entry, such as restaurants or clothes, are more accessible to new firms. These industries typically require less capital investment and fewer regulatory approvals, making it easier for new firms to enter the market and compete with established players. This leads to a larger number of firms in these industries, and more competition among them.
In addition, the level of product differentiation can also impact the number of firms in an industry. Industries with homogeneous products, such as electricity or cable TV, tend to have fewer firms since there are fewer ways to differentiate products and services. In contrast, industries with differentiated products, such as restaurants or clothes, can support a larger number of firms since there are more ways to differentiate products and services, and meet the varied needs and preferences of consumers.

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Workplace diversity describes differences among workers in any of the following areas:
attitude
education
ethnicity
industry

Answers

Answer:

industry because here based the all the business in whole world

Steve has worked 36 hours this week at $10/hour. On his last shift of the week he clocks in at 8:05 am and takes his lunch at 11:53. He comes back from lunch at 12:35 and clocks out at 4:56. How much will Steve's Gross Pay be?

Answers

Answer:

$441.5

Explanation:

Hours already worked = 36 hours

Rate = $10 / day

Number of hours worked on last shift :

8:05 - 11:53 = 3 hours 48 minutes

12:35 - 4:56 = about 4 hours 21 minutes

Total hours (3 hours 48) + (4 hours 21 minutes). = 8 hours 9 minutes

Hence, total hours worked that week :

36 hours + 8hours 9 minutes

44 hours 9 minutes

Rate = $10 / hour

(44*$10) + (9/60 * $10)

$440 + $1.5

Gross pay = $441.5

PLEASE HELP ME!!!!

Agricultural managers need to
possess which of the following
skills?

A. The ability to start a business from scratch.

B. Understanding of the different kinds of
economies in the world.

C. Vast knowledge of equipment, shipping and
storage of products.

D. A masters degree in business administration.

Answers

Answer:

C. Vast knowledge of equipment, shipping andstorage of products.

Explanation:

the other answer is wrong, i j did this in my acellus

Pleaseeeee Hurryyyyy!!!!! Brutus is trying to decide between three local colleges. He needs some advice about if he is making the right decision. Which person at his school would be best suited to help him? school psychologist guidance counselor instructional designer library technician

Answers

Answer:

guidance counselor

Explanation:

Guidance and counselor work in schools to help students grow academically and socially. They offer guidance to students to help them excel in school and after-school life. Guidance counselors offer life skills and provide psycho-social supports to students in their school life. They are also trained to guide students in making the right career choices.

How do large companies exercises control over producers

Answers

Answer:

By controlling the market the producer has access to. And competing for lower costs.

Explanation:

you should only index what's needed because indexes are resource expensive. group of answer choices true false

Answers

True. You should only index what's needed because indexes are resource expensive is correct/ true.

Indexes enable the swift execution of searches in any database. Without them, the database must search through each piece of information in a collection or table to find the ones that fit the query. The database can use an index to reduce the number of documents it must examine if one is available for a given query.

Indexes that are made up of multiple distinct fields are called compound indexes. For instance, if you query against both names, creating an index that contains both "Last name" and "First name" is usually more efficient than having one index on "Last name" and another on "First name." We can still filter searches that only include the last name using our compound index.

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On September 3, 2018, Able, a single individual, purchased § 1244 stock in Red Corporation from his friend Al for $60,000. On December 31, 2018, the stock was worth $85,000. On August 15, 2019, Able was notified that the stock was worthless. How should Able report this item on his 2019 tax return?

Answers

He should ask them why it was worthless then after a while of thinking maybe have and idea on how to use it again

does bank accounts last forever?

Answers

Answer:no they don’t

Explanation:

they will become dormant after 24 months

If the united states exports $100 worth of diamonds to the kingdom of mocha and imports $80 worth of bows and arrows it has a(n)

Answers

Answer:

Trade surplus

Explanation:

In business when export is greater than import in monetary terms the situation is called trade surplus.  

Trade surplus is a favorable situation in economics. The economic condition of a country is assumed to be better when the country has a trade surplus. The opposite situation in which import is greater than export is called trade deficit.

On June 1, 2016, Enne Brahtz Corporation received $3,600 as advance payment for 12 months' advertising. The receipt was recorded as a credit to Unearned Fees. What adjusting entry is required on December 31, 2016?

Answers

Answer:

Unearned Fees ($3,600 × 6 months ÷ 12 months) $1,800

       To Advertising revenue $1,800

(Being the adjusting entry is recorded)

Explanation:

The adjusting entry is shown below;

Unearned Fees ($3,600 × 6 months ÷ 12 months) $1,800

       To Advertising revenue $1,800

(Being the adjusting entry is recorded)

Here we debited the unearned fees as it decreased the liability and credited the advertising revenue as it increased the revenue account

The six months could be computed from June 1 to December 31

The adjusting entry for the transaction includes Debit to Unearned Fees $1,800 and Credit to Advertising revenue $1,800.

Date  Account titles and Explanation    Debit   Credit

          Unearned Fees                              $1,800

          ($3,600 × 6 months/ 12 months)

                   To Advertising revenue                     $1,800

            (Being the adjusting entry is recorded)

In conclusion, the adjusting entry for the transaction includes Debit to Unearned Fees $1,800 and Credit to Advertising revenue $1,800.

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Why is the core inflation rate calculated separately from the inflation rate?.

Answers

Answer:

To better show long term effects on inflation

Hope it helps you

Explanation:

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A relevant cost ______. Multiple select question. differs between alternatives is always an opportunity cost pertains to the future will not influence a decision

Answers

Answer:

pertains to the future

differs between alternatives

Explanation:

Relevant cost can be regarded as term in managerial accounting which gives details of incurred avoidable costs when there is a process of decision making in Businesses, with the Relevant cost process unnecessary data are eliminated. It should be noted that A relevant cost is pertains to the future and differs between alternatives

.

a face-to-face sales presentation of a good or service to a prospective customer is called:

Answers

A face-to-face sales presentation of a good or service to a prospective customer is called a personal selling.

Personal selling is a marketing strategy that involves a salesperson making a direct, face-to-face presentation of a product or service to a prospective customer. The goal of personal selling is to persuade the customer to make a purchase, by demonstrating the benefits of the product or service and addressing any concerns or objections the customer may have. Personal selling can be an effective marketing tool for products or services that require explanation or demonstration, or for customers who require personal attention or have specific needs or preferences. It is commonly used in industries such as real estate, insurance, and high-end retail.

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production and purchases budgets in units at the end of business on june 30, 2009, the wooly rug company had 100,000 square yards of rugs and 600,000 pounds of raw materials on hand. budgeted sales for the third quarter of 2009 are: month sales july 180,000 sq. yards august 200,000 sq. yards september 170,000 sq. yards october 180,000 sq. yards the wooly rug company wants to have sufficient square yards of finished product on hand at the end of each month to meet 40 percent of the following month's budgeted sales and sufficient pounds of raw materials to meet 30 percent of the following month's production requirements. five pounds of raw materials are required to produce one square yard of carpeting. prepare a production budget for the months of july, august, and september and a purchases budget in units for the months of july and august. wooly rug company production budget for the months of july, august,

Answers

Based on the sales prediction and the intended ending inventory, we must calculate the necessary production in square yards for each month in order to prepare the production budget for the months of July, August, and September. We will also determine the number of pounds of raw materials needed each month.

Given information:

Beginning inventory of rugs: 100,000 square yards

Beginning inventory of raw materials: 600,000 pounds

Sales forecast for the third quarter: July - 180,000 sq. yards, August - 200,000 sq. yards, September - 170,000 sq. yards

Desired ending inventory: 40% of the following month's sales

Raw material requirement: 30% of the following month's production requirement, with 5 pounds of raw materials required for each square yard of carpeting

Let's calculate the production and purchases budgets:

Production Budget:

July:

Required production = July sales + August desired ending inventory

Required production = 180,000 sq. yards + (40% of 200,000 sq. yards)

Required production = 180,000 sq. yards + 80,000 sq. yards

Required production = 260,000 sq. yards

August:

Required production = August sales + September desired ending inventory

Required production = 200,000 sq. yards + (40% of 170,000 sq. yards)

Required production = 200,000 sq. yards + 68,000 sq. yards

Required production = 268,000 sq. yards

September:

Required production = September sales + October desired ending inventory

Required production = 170,000 sq. yards + (40% of 180,000 sq. yards)

Required production = 170,000 sq. yards + 72,000 sq. yards

Required production = 242,000 sq. yards

Purchases Budget:

July:

Required raw materials = July production requirement × 5 (pounds per square yard)

Required raw materials = 260,000 sq. yards × 5 pounds

Required raw materials = 1,300,000 pounds

August:

Required raw materials = August production requirement × 5 (pounds per square yard)

Required raw materials = 268,000 sq. yards × 5 pounds

Required raw materials = 1,340,000 pounds

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"How do you access the Expression Builder to add a calculated field to a report? in the Report Wizard in the Format tab through Control Source in the Property Sheet through the Group & Sort function in Design tab through the Design View dialog box under Controls​

Answers

B through control source in the property sheet

Answer: absnaja

Explanation: ekaksjen

What is one effective strategy for managing credit card debt?
O A. Spending your full credit limit before making a payment
OB. Ensuring that all of your credit card bills are paid on time
Oc. Replacing low-interest credit cards with high-interest options
OD. Paying only the minimum monthly payment on all credit cards

Answers

Answer:

D. Paying only the minimum monthly payment on all credit cards

Explanation:

I Hope That's correct :) ✓

Answer:

B. Ensuring that all of your credit card bills are paid on time

Explanation:

A credit card charge interests on outstanding balances and late payments, among other items. Interests in outstanding balances form a big proportion of credit card charges. Therefore, if one can avoid interest on these balances, their credit card charges will reduce greatly.

Paying the entire balance on the credit card statement ensures one does not incur any interest. Ensuring that all of your credit card bills are paid on time is the most appropriate way of managing credit card debts.

The following data are available for Sampson Corporation.

Net income $200,000
Depreciation expense 60,000
Dividends paid 90,000
Loss on sale of land 15,000
Decrease in accounts receivable 30,000
Decrease in accounts payable 45,000

Net cash provided by operating activities is:
A. $160,000.
B. $140,000.
C. $260,000.
D. $240,000.

Answers

The answer is c 260,000

The Net cash provided by operating activities is $260,000. Thus, option C is correct.

What is operating activities?

Operating activities include everything a firm does on a regular basis to bring its products and services to market. Non-operating activities are one-time occurrences that may have an impact on sales, costs, or cash flow but are not part of the company's regular, core activity.

Given that,

Net income =  $200,000Depreciation expense = 60,000Dividends paid = 90,000Loss on sale of land = 15,000Decrease in accounts receivable =  30,000Decrease in accounts payable = 45,000

So, the Net cash provided by operating activities is computed by using the following formula.


Net cash provided by operating activities = Net income + Depreciation + loss on land + decrease in receivables - decrease in payables

= $200,000+ 60,000+ 15,000+30,000- 45,000

= $260,000

Thus, $260,000 is the Net cash provided by operating activities Therefore, it can be concluded that option C is correct.

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fill in the blank. Holt Computer Services received $200 from a customer that it had billed earlier in the month. Illustrate how to record the transaction to the T-accounts by completing the following sentences.
Accounts receivable would be ________(debited/credited) on the _____________(left/right) side of the T-account, and Cash would be ___________(debited/credited) on the __________(left/right) side of the T-account.

Answers

Accounts receivable would be credited on the right side of the T-account, and Cash would be debited on the left side of the T-account.

Cash would be deducted from the T-left account's side, while Accounts Receivable would be credited to the right side. This is because when a company receives payment from a customer, the company's accounts receivable account is decreased (credited) and the company's cash account is increased (debited).

The T-account is a visual representation of a company's accounts, with the left side representing debits and the right side representing credits. Therefore, the transaction would be recorded as a credit to accounts receivable on the right side of the T-account and a debit to cash on the left side of the T-account.

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Dillard's Department Store advertises in the Odessa American newspaper almost every week to tell the local residents about sales and special promotions. However, Dillard's has found that a disadvantage of newspaper advertising is that a. it has low geographic selectivity and flexibility b. it often encounters distractions from competing ads and news stories c. it seldom lends itself well to cooperative advertising d. It lacks news value, immediacy, and year-round readership

Answers

Dillard's Department Store faces a disadvantage in newspaper advertising due to the fact that it often encounters distractions from competing ads and news stories. The correct option is b.

This means that their advertisements may not receive the desired attention from local residents because they compete with other ads and content for the reader's attention.

One of the main disadvantages of newspaper advertising, as stated in the question, is that it often encounters distractions from competing ads and news stories. This means that there are many other ads and news stories vying for the reader's attention, which can make it difficult for any one ad to stand out.

Additionally, newspapers typically have a short shelf life, so ads may only be seen by a limited audience before they become outdated. The other options listed may also be disadvantages of newspaper advertising, but they do not accurately describe the disadvantage stated in the question.

Therefore, the correct option is b.

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How would a past history of criminal charges potentially affect a company's
ability to recruit highly talented employees?

Answers

Answer:The potential employees would view the company with less confidence because of the company’s past history

Explanation:

Answer:

The potential employees would view the company with less confidence because of the company’s past history

Explanation:

Which knowledge area has been identified by architects, carpenters, and building inspectors as important in their work?

mathematics
building and construction
design
customer and personal service

Answers

Answer:

Building and Construction

Explanation:

Edg

What
is defined as a capital asset?

Answers

An item that you own for investments or personal purposes

Explain the technique of making bamboo based handicrafts with an example.​

Answers

Answer:

Bamboo can be processed into thin strips or sheet materials for bamboo plaiting , commonly known as bamboo strips. The processing procedures of bamboo strips include selecting materials , sawing bamboo, pruning, scraping, dividing, splitting, setting the width, thinning and chamfering.

Explanation:

Example: •Bamboo furniture

•Bamboo toys

•Bamboo wind chimes

•Bamboo lamps and lanterns

•Bamboo placements and coasters

The technique bamboos are processed into thin strips or sheet materials for bamboo plaiting, known as bamboo strips and the processing procedures of bamboo strips include selecting materials, sawing bamboo, pruning, scraping, dividing, splitting, setting the width, thinning and chamfering. For example, bamboo furniture.

What is the process of making bamboo handicrafts?

The process of making bamboo handicrafts is given below. First, the bamboo is completely dried before use. The bamboo is segregated in the beginning according to the products that are going to be made. They are cut to the required sizes with the help of a bamboo sawing machine. The cut bamboo sticks are arranged for the products that have to be made.

The products are always made depending on the client’s orders. For example, to make a stool, bamboo is cut respectively into four sets to make the legs and eight sets of smaller lengths to connect the legs horizontally to get a firm hold of the four legs of the stool. A stool is something similar to that a chair but doesn’t hold a backrest.

A stool is a seat for a single person without any backrest.

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WoodGrain Technology makes home office furniture from fine hardwoods. The company uses a job-order costing system and predetermined overhead rates to apply manufacturing overhead cost to jobs. The predetermined overhead rate in the Preparation Department is based on machine-hours, and the rate in the Fabrication Department is based on direct materials cost. At the beginning of the year, the company's management made the following estimates for the year: Department Preparation Fabrication Machine-hours 80,000 21,000 Direct labour-hours 35,000 65,000 $190,000 $400,000 Direct materials cost Direct labour cost $280,000 $530,000 Manufacturing overhead cost $416,000 $720,000 Job 127 was started on April 1 and completed on May 12. The company's cost records show the following information concerning the job: Department Preparation 350 Machine-hours Fabrication 70 130 Direct labour-hours 80 $ 940 Direct materials cost Direct labour cost. $1,200 $980 $710 Required: 1. Compute the predetermined overhead rate used during the year in the Preparation Department. Compute the rate used in the Fabrication Department. (Round "Preparation department" answer to 2 decimal places.) Predetermined Overhead Rate $ 2.80 per machine-hour Preparation department Fabrication department. 5% of materials cost 2. Compute the total overhead cost applied to Job 127. Total overhead cost $ 1,735 3-a. What would be the total cost recorded for Job 127? WOODGRAIN TECHNOLOGY Preparation Fabrication Total Direct materials $ 944 $ 1,180 $ 2,124 Direct labour 680 1,010 1,690 Manufacturing overhead 1,092 643 1,735 Total cost $ 2,716 $ 2,833 $ 5,549 3-b. If the job contained 25 units, what would be the unit product cost? (Round your answer to 2 decimal places.) Unit product cost $ 173.00 per unit 4. At the end of the year, the records of Wood Grain Technology revealed the following actual cost and operating data for all jobs worked on during the year: Department Preparation 73,000 30,000 Fabrication 24,000 Machine-hours Direct labour-hours 68,000 Direct materials cost $165,000 $420,000 Manufacturing overhead cost $390,000 $740,000 What was the amount of underapplied or overapplied overhead in each department at the end of the year? Preparation department Underapplied overhead $ 239,180 Fabrication department Underapplied overhead

Answers

The job-order costing system is applied by WoodGrain Technology to manufacture home office furniture from fine hardwoods.

Manufacturing overhead costs are assigned to jobs by the use of predetermined overhead rates. The preparation department's predetermined overhead rate is based on machine-hours, whereas the fabrication department's predetermined overhead rate is based on direct materials cost.WoodGrain Technology Management's Estimates:Preparation department Machine-hours 80,000Direct labour-hours 35,000Manufacturing overhead cost $416,000Fabrication department Direct materials cost $280,000Direct labour cost $530,000Manufacturing overhead cost $720,000Predetermined Overhead Rate: 1. Calculation of the predetermined overhead rate for the Preparation Department Predetermined overhead rate = Estimated manufacturing overhead cost / Estimated total machine-hours= $416,000 / 80,000 machine-hours= $5.20 per machine-hourThe predetermined overhead rate for the Preparation Department is $5.20 per machine-hour.2. Calculation of the predetermined overhead rate for the Fabrication Department Predetermined overhead rate = Estimated manufacturing overhead cost / Estimated total direct materials cost= $720,000 / $280,000= 2.57 or 257%The predetermined overhead rate for the Fabrication Department is 257% of direct materials cost. Total overhead cost applied to Job 127:Job 127’s overhead cost is as follows:Total overhead cost applied to Job 127 = Predetermined overhead rate x Actual machine-hours= $2.80 per machine-hour × 350 machine-hours= $980The total overhead cost applied to Job 127 is $980. Total cost recorded for Job 127: WOODGRAIN TECHNOLOGY Preparation Fabrication Total Direct materials $944 $1,180 $2,124 Direct labour $680 $1,010 $1,690 Manufacturing overhead $1,092 $643 $1,735 Total cost $2,716 $2,833 $5,549 Unit product cost:If the job contained 25 units, the unit product cost is calculated as follows:Total cost of Job 127 = $5,549Unit product cost = Total cost of Job 127 / Number of units produced= $5,549 / 25 units= $221.96 per unitThe unit product cost for Job 127 is $221.96 per unit. Calculation of underapplied or overapplied overhead for both departments: WoodGrain Technology Management's Actual Cost Data:Preparation department Machine-hours 73,000Direct labour-hours 30,000Manufacturing overhead cost $390,000Fabrication department Direct materials cost $165,000Direct labour cost $420,000Manufacturing overhead cost $740,000Underapplied overhead: Actual overhead cost incurred - Overhead cost applied= $390,000 - [($5.20 per machine-hour x 73,000 machine-hours)]= $390,000 - $379,820= $10,180Underapplied overhead for the Preparation Department is $10,180. Underapplied overhead: Actual overhead cost incurred - Overhead cost applied= $740,000 - [(257% x $165,000)]= $740,000 - $423,450= $316,550Underapplied overhead for the Fabrication Department is $316,550.

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Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year, and a worker in Oatland can grow either 5 bushels of corn or 50 bushels of oats per year. There are 20 workers in Cornland and 20 workers in Oatland. If the two countries do not trade, Cornland will produce and consume 400 bushels of corn and 100 bushels of oats, while Oatland will produce and consume 60 bushels of corn and 400 bushels of oats. If each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by

Answers

Answer:

see. I hope it's helpful for you lol

Explanation:

i need friend lol can you my friend
Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year,
Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year,
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