Homework Answers
b. The equation to determine the insurance needed is
y = 165 - 0.3*x
x = Age of the head of household at present
Which is 33 in this context,
y = 165 - 0.3*33
= 165 - 9.9
= $155.1
Add Answer to:
Long-Life Insurance has developed a linear model that it uses to determine the amount of term...
Question 6 (of 8) 6, o.62 points Problem 3-23 Long-Life Insurance has developed a linear model...
Question 6 (of 8) 6, o.62 points Problem 3-23 Long-Life Insurance has developed a linear model that it uses to determine the amount of term life insurance a family of four should have, based on the current age of the head of the household. The equation is: y 148-.1x x Current age of head of household Use the equation to determine the amount of term life insurance to recommend for a family of four if the head of the household...
An insurance company wishes to examine the relationship between income (in $,000) and the amount of...
An insurance company wishes to examine the relationship between income (in $,000) and the amount of life insurance in $,000) held by families. The company drew a simple random sample of families and obtained the following results: Family Income Amount of life insurance A 40 110 B 80200 110 220 C lewO ILI What is the least squares estimate of the slope? Answer should be to four decimal places e.g. 1.2345. Please do NOT include any units in your answer....
08: Assignment - Insuring Your Life 6. Understanding whole life insurance Suppose you are a life...
08: Assignment - Insuring Your Life 6. Understanding whole life insurance Suppose you are a life insurance broker with a client who is interested in buying a whole life insurance policy. You explain to him the three major types of whole life insurance: continuous premium, also known as limited payment, and single premium. Your client is a 33-year- old man and a father of four who is looking for the policy that provides the most permanent death protection for a...
Life Insurance Needs Analysis Case Your friend John asks you for advice concerning life insurance. John...
Life Insurance Needs Analysis Case Your friend John asks you for advice concerning life insurance. John is 26 years old and graduated from law school last year. He currently earns $43,000 per year. John’s wife, Mary, is a graphics designer who currently earns $51,500 per year. Mary is 28 years old. The couple have three children: Billy, age 2, Cindy, age 4, and Sally, age 6. John and Mary pay $1,075 per month for their home mortgage, which will be...
Grace's employer is now offering group-term life insurance. The company will provide each employee with $120,000...
Grace's employer is now offering group-term life insurance. The company will provide each employee with $120,000 of group-term life insurance. It costs Grace's employer $680 to provide this amount of insurance to Grace each year. Assuming that Grace is 37 years old, use the table to determine the monthly premium that Grace must include in income as a result of receiving the group-term life benefit. EXHIBIT 12-08 Uniform Premiums for $1,000 of Group-Term Life Insurance Protection 5-Year Age Bracket Cost...
Creative Corporation has four employees and provides group term life insurance coverage for all four employees....
Creative Corporation has four employees and provides group term life insurance coverage for all four employees. Coverage is nondiscriminatory and is as follows: (Click the icon to view the Uniform One-Month Group Term Premiums for $1,000 of Life Insurance Coverage.) (Click the icon to view the data.) Read the fequirements. Requirement a. How much may Creative Corporation deduct for group term life insurance premiums? The amount Creative Corporation can deduct for group term life insurance premiums is Requirement b. How...
Question 1 BWS Corporation pays the premiums on an $80,000 group-term life insurance policy on the...
Question 1 BWS Corporation pays the premiums on an $80,000 group-term life insurance policy on the life of its 45-year-old vice-president, Warren. The annual cost per $1,000 of coverage for a person aged 45 to 49 is $1.80. If Warren has paid $25 toward the cost of the insurance, what is the cost of hte policy includible in Warren's gross income? 1) $278.00 2) $144.00 3) $54.00 4) $29.00 5) $0 Question 2 During 2019, Edward East had wages of...
Based on, “75 Must Know Statistics about Long-Term Care,” Please discuss four conclusions you can come...
Based on, “75 Must Know Statistics about Long-Term Care,” Please discuss four conclusions you can come to for the problems that the long term care industry will face in the coming decade. You must include statistics from the article. 75 Must-Know Statistics About Long-Term Care Christine Benz 31 Aug 2017 In my years of speaking to groups of retirees and pre-retirees, I've learned that there are a handful of topics that will send an event completely out of my control....
Santini's new contract for 2019 indicates the following compensation and benefits: Benefit Description Salary Health insurance...
Santini's new contract for 2019 indicates the following compensation and benefits: Benefit Description Salary Health insurance Restricted stock grant Bonus Hawaii trip Group-term life insurance Parking ($307 per month) Amount $133,000 12,000 2,500 5,600 4,600 2,200 3,684 Santini is 54 years old at the end of 2019. He is single and has no dependents. The restricted stock grant is 500 shares granted when the market price was $5 per share. Assume that the stock vests on December 31, 2019, and...
ACCT495 Final Project – Part 2 Fall 2019 Assignment Long-Term Asset Acquisition Bruce and Emmett (B...
ACCT495 Final Project – Part 2 Fall 2019 Assignment Long-Term Asset Acquisition Bruce and Emmett (B & E) is considering a significant equipment replacement. B & E would like to replace some of their equipment before December 31, 2019. The equipment originally cost $500,000 and the equipment’s accumulated depreciation balance at the end of 2019 is will be $450,000. At this point the equipment is depreciated to its salvage value. Your long-term asset accountant, Boris, tells you about four equipment...
Question 6 (of 8) 6, o.62 points Problem 3-23 Long-Life Insurance has developed a linear model that it uses to determine the amount of term life insurance a family of four should have, based on the current age of the head of the household. The equation is: y 148-.1x x Current age of head of household Use the equation to determine the amount of term life insurance to recommend for a family of four if the head of the household...
An insurance company wishes to examine the relationship between income (in $,000) and the amount of life insurance in $,000) held by families. The company drew a simple random sample of families and obtained the following results: Family Income Amount of life insurance A 40 110 B 80200 110 220 C lewO ILI What is the least squares estimate of the slope? Answer should be to four decimal places e.g. 1.2345. Please do NOT include any units in your answer....
08: Assignment - Insuring Your Life 6. Understanding whole life insurance Suppose you are a life insurance broker with a client who is interested in buying a whole life insurance policy. You explain to him the three major types of whole life insurance: continuous premium, also known as limited payment, and single premium. Your client is a 33-year- old man and a father of four who is looking for the policy that provides the most permanent death protection for a...
Creative Corporation has four employees and provides group term life insurance coverage for all four employees. Coverage is nondiscriminatory and is as follows: (Click the icon to view the Uniform One-Month Group Term Premiums for $1,000 of Life Insurance Coverage.) (Click the icon to view the data.) Read the fequirements. Requirement a. How much may Creative Corporation deduct for group term life insurance premiums? The amount Creative Corporation can deduct for group term life insurance premiums is Requirement b. How...
Santini's new contract for 2019 indicates the following compensation and benefits: Benefit Description Salary Health insurance Restricted stock grant Bonus Hawaii trip Group-term life insurance Parking ($307 per month) Amount $133,000 12,000 2,500 5,600 4,600 2,200 3,684 Santini is 54 years old at the end of 2019. He is single and has no dependents. The restricted stock grant is 500 shares granted when the market price was $5 per share. Assume that the stock vests on December 31, 2019, and...
Most questions answered within 3 hours.
-
Please explain how participation income and expenses are
allocated to each partner. Where is this defined?
asked 3 minutes ago -
The tires of a car make 61 revolutions as the car reduces its
speed uniformly from...
asked 19 minutes ago -
Peabody, Inc., sells fireworks. The company’s marketing director
developed the following cost of goods sold budget...
asked 23 minutes ago -
A signal transduction pathway includes the steps listed
below.
1. An inactive signal transduction molecule is...
asked 22 minutes ago -
1. The correlation coefficient determined for two variables has
a value of 0.89. Describe, in words,...
asked 28 minutes ago -
The following data relate to direct materials costs for
November:
Actual costs
4,700 pounds at $5.35...
asked 27 minutes ago -
Kyle, a 95.0 kg football player, leaps straight up into the air
(with no horizontal velocity)...
asked 50 minutes ago -
Which of the following is a measure of profitability?
A.
Quick (acid-test) ratio
B.
Net sales...
asked 53 minutes ago -
Find the total pressure exerted by 2 grams of ethane and 3 grams
of CO2 contained...
asked 55 minutes ago -
A fireman standing on a 5.2 m high ladder operates a water hose
with a round...
asked 51 minutes ago -
A cream formulation is studied for accelerated stability study.
Creaming was observed when formulation was tested...
asked 54 minutes ago -
A 1,150 lumen light bulb is placed 37 cm in front of a mirrored
wall, whose...
asked 1 hour ago