Preimer Life Company is a life Insurance company that collects stores, prepares and provides customerized life...
Preimer Life Company is a life insurance company that collects,
stores, prepares and provides customerized life insurance policy to
customers in the Midwest. When a customer's information is
received, it is recorded in a database and a ticket is provided to
the policy underwriter . When the life insurance policy is issued,
the database is updated so that it always reflects the correct
amount of life insurance coverage and the length of the policy
available to the customers. In a...
Salary Health insurance Dental Insurance Life insurance Dependent care Professional dues Personal use of company jet $309,000 10,300 3.989 4.589 4.18 1,230 201,080 Assume the life insurance is a group-term life insurance policy that provides $208,000 of coverage for Ahmed. (Use EXHIBIT 12-8) Assuming Ahmed is subject to a marginal tax rate of 32 percent, what is his after-tax benefit of receiving each of these benefits? (Enter all amounts as positive values. Round your intermediate computations and final onswers to...
The Drive‑Rite Insurance Company provides automobile insurance policies for drivers. Design a single class diagram showing the class, the application program, the relationship between the two, and multiplicity. Insert the completed class diagram into a Word document. Then write the pseudocode as described below. Be sure to follow the CSI 117 Style Criteria (Links to an external site.)Links to an external site. for naming conventions, class diagrams, pseudocode, keywords, and operators. a. Create a PolicyHolder class that contains a policy number,...
Midwest Family Mutual Insurance Company based in Plymouth, MN is very pleased to self-declare our Company environmentally “Green”. In the past 5 years, the Company has reduced its annual electricity consumption by 155,000 KWH or 63% and natural gas consumption by 5,700 therms or 76%. Paper usage is down by 65% with the implementation of extensive electronic notification processes. Beginning in 2003, a number of electronic processes have been implemented at Midwest Family. The most effective energy dependency change is...
Suppose a life insurance company sells a $150,000 one-year term life insurance policy to a 19-year-old female for $220. The probability that the female survives the year is 0.999554, Compute and interpret the expected value of this policy to the insurance company The expected value is $ . (Round to two decimal places as needed.) Which of the following interpretation of the expected value is correct? O A. The insurance company expects to make an average profit of $153.10 on...
Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April are provided for your review. a. Received contributions from investors and issued $330,000 of common stock on April 1. b. Acquired a barn for $165,000. On April 2, the company paid half the amount in cash and signed a three-year...
Spicewood Stables, Inc. was established in Dripping Springs, Texas, on April 1. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April are provided for your review 1. Received contributions from investors and issued $200,000 of common stock on April 1 2. Built a bam and other buildings for $142,000. On April 2, the company paid half the amount in cash and...
Spicewood Stables, Inc., was established in Dripping Springs,
Texas, on April 1. The company provides stables, care for animals,
and grounds for riding and showing horses. You have been hired as
the new assistant controller. The following transactions for April
are provided for your review.
Received contributions from investors and issued $200,000 of
common stock on April 1.
Acquired a barn for $142,000. On April 2, the company paid half
the amount in cash and signed a three-year note payable...
Facts: Basic Services, Inc. prepares annual financial statements and accordingly records most of the company's adjusting journal entries just once per year in December. Basic purchases 100% of the office supplies on account from vendor, Standard Company. Basic provides you with the below unadjusted account balances as of 12/31/2017: * using the above unadjusted account balances, Basic has net income for the twelve months ended at 12/31/2017 of $53,870. Please consider the following: a. On September 1, Basic borrowed $60,000...
Basic Services, Inc. prepares annual financial statements and accordingly records most of the company's adjusting journal entries just once per year in December. Basic purchases 100% of the office supplies on account from vendor, Standard Company. Basic provides you with the below unadjusted account balances as of 12/31/2017: * using the above unadjusted account balances, Basic has net income for the twelve months ended at 12/31/2017 of $53,870. Please consider the following: a. On September 1, Basic borrowed $60,000 from...