Referring to the Mortality Rate Table, answer the following questions based on this scenario. Miss Alyssa,...
Referring to the Mortality Rate Table, answer the following questions based on this scenario. Miss Alyssa, aged 37, purchases a three-year term insurance policy with a coverage of $500,000. Assume an investment return of 6%, and ignore other expenses (administrative and profit loading)
(a) Compute the single premium that should be paid by Miss Alyssa
(b) Compute the level premium of a three-year term policy
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Referring to the Mortality Rate Table, answer the following
questions based on this scenario. Miss Alyssa,...
Complete the Budgeted Income Statements below based on the information given - Check figures are given...
Complete the Budgeted Income Statements below based on the
information given - Check figures are given below
6 7 Check figures are: January Budgeted Gross Margin = $62,650; February Budgeted 8 Operating Income = $23,442; March Budgeted Net Income = $13,353. 9 10 Solution: Get Laughy Taffy, Inc. BUDGETED INCOME STATEMENTS For the Month Ending, Jan 31, 2020 Feb 29, 2020 Mar 31, 2020 16 Sales 17 Cost of Sales 18 Gross Margin 20 Other Operating Expenses 21 Commission Expense...
QUESTION 1 Red Velvet Berhad, a public company, closes its accounts on 30 June every yw...
QUESTION 1 Red Velvet Berhad, a public company, closes its accounts on 30 June every yw The company reported the following unadjusted trial balance on 30 June 2017 Credit RM Debit RM 1.100.000 1,300,000 364,000 700,000 400,000 300,000 125,000 300,000 167,400 120,500 4,800 30,000 438,600 Freehold land Building at cost Accumulated depreciation-building Plant and machinery at cost Accumulated depreciation Plant and machinery Patent Accumulated amortisation-patent Long-term investment Inventory Trade receivables Allowance for doubtful account Prepaid insurance Cash and cash equivalents...
please answer the following questions 2-A3 Exercises in Cost-Volume-Profit Relationships Upcraft Moving Company specializes in hauling...
please answer the following questions
2-A3 Exercises in Cost-Volume-Profit Relationships Upcraft Moving Company specializes in hauling heavy goods over long distances. The company's revenues and expenses depend on revenue-miles, a measure that combines both weights and mileage. CHAPTER 2. INTRODUCTION TO COST BEHAVIOR AND COST-VOLUME-PROFIT RELATIONSHIPS 65 Summarized budget data for next year are based on predicted total revenue miles of 500,000. At that level of volume, and at any level of volume between 300,000 and 700,000 revenue miles, the...
INSTRUCTIONS: Based on the information available below, complete the Cash Budget, Income Statement, and Budgeted Balance...
INSTRUCTIONS:
Based on the information available below, complete the
Cash Budget, Income Statement, and Budgeted Balance Sheet
worksheet
4 A relatively new company, Get Laughy Taffy, Inc., has determined they need to engage in a budgeting 5 process as part of their new strategic plan. The Company has asked you to provide the following items 6 for the months of January, February, and March of 2020: A) a Purchases Budget; B) a Cash Budget; C) a 7 Budgeted Income Statement;...
G 5 6 Check figures are: January Budgeted Purchase for Next Month Sales = $118,365; March...
G 5 6 Check figures are: January Budgeted Purchase for Next Month Sales = $118,365; March Inventory Needed to be 7 Available during Current Month = $176,878. 8 Get Laughy Taffy, Inc. PURCHASES BUDGET 11 PLANNING FOR 2020 12 13 Solution: Actual Budgeted Budgeted Budgeted Dec 2019 January February March 15 Desired Ending Inventory Balance for Current Month $ 72,137 16 Current Month's Cost of Sales 172,900 17 Inventory Needed to be Available during Current Month 245,037 18 Less: Beginning...
Please answer part a and b for the following question. PROBLEMS 3.13 E&P Computation. For its...
Please answer part a and b for the following question.
PROBLEMS 3.13 E&P Computation. For its current taxable year. K Corporation, a manufactur of nuts and bolts, reported the following information using the accrual method of accounting: Income: Sales .... $575,000 Cost of goods sold (LIFO) ... (175,000) Gross profit from operations $400,000 Interest income: Municipal bonds 9,000 Corporate bonds 20,000 Dividends received 10,000 Ordinary income on installment sale .. 14,000 Life insurance proceeds 50,000 Expense: Selling and administrative expenses...
Q1. 4U Berhad Trial balance as at 30 June 2019 RM 0.000) RM (.000) 25,000 1.500...
Q1. 4U Berhad Trial balance as at 30 June 2019 RM 0.000) RM (.000) 25,000 1.500 750 2.500 12.500 1.250 500 875 1.250 2.500 1.250 7,500 500 1,500 6.000 Sales @ RM 100 per unit Inventory at 14 May 2018 (15,000 @ RM 50) Trade receivables and payables Purchases Return inwards Carriage inwards Carriage outwards Return outwards Administrative expenses Selling and distribution expenses Plant and machinery at cost Discount received Commission Received Rental Building at cost Freehold land at cost...
A homeowners' policy will typically pay up to $500 per plant that is damaged by a...
A homeowners' policy will typically pay up to $500 per plant that is damaged by a covered peril. This is an example of: an aggregate dollar limit an open perils dollar limit C. a specific dollar limit a mixed dollar limit none of the above e. You purchase an annuity for which you will make one payment of $15,000 on your 50 birthday. The annuity will start paying you $400 a month on your 67" birthday until you die. What...
PART B - Answer THREE questions only. Question 1 Tijari Sdn Bhd is a main distributor...
PART B - Answer THREE questions only. Question 1 Tijari Sdn Bhd is a main distributor of Mediterranean juices in Kuala Lumpur. The company's Budgeted Statement of Financial Position as of 30 June 2018 is shown below: Tijari Sdn Bhd Statement of Financial Position as at 30 June 2018 Assets RM Cash 90,000 Accounts receivable 136,000 Inventory 100,000 Plant and equipment, net of depreciation 210,000 Total assets 536,000 Liabilities and shareholders' equity Accounts payable Common shares Retained earnings Total liabilities...
objective risk excepr: O All fthe following are methods used by ingurance are methods used by...
objective risk excepr: O All fthe following are methods used by ingurance are methods used by insurance companies to A. safety education programs. C. investment in investment grade securities only D. use of deductibles. selective underwriting of insureds of: 7. A life insurance company needs more liquidity when selling a high proportion A. one-year renewable term policies B. annuities. C, thirty-year term policies D. whole life policies. one of the following statements about universal life insurance is not true? A....
Complete the Budgeted Income Statements below based on the
information given - Check figures are given below
6 7 Check figures are: January Budgeted Gross Margin = $62,650; February Budgeted 8 Operating Income = $23,442; March Budgeted Net Income = $13,353. 9 10 Solution: Get Laughy Taffy, Inc. BUDGETED INCOME STATEMENTS For the Month Ending, Jan 31, 2020 Feb 29, 2020 Mar 31, 2020 16 Sales 17 Cost of Sales 18 Gross Margin 20 Other Operating Expenses 21 Commission Expense...
QUESTION 1 Red Velvet Berhad, a public company, closes its accounts on 30 June every yw The company reported the following unadjusted trial balance on 30 June 2017 Credit RM Debit RM 1.100.000 1,300,000 364,000 700,000 400,000 300,000 125,000 300,000 167,400 120,500 4,800 30,000 438,600 Freehold land Building at cost Accumulated depreciation-building Plant and machinery at cost Accumulated depreciation Plant and machinery Patent Accumulated amortisation-patent Long-term investment Inventory Trade receivables Allowance for doubtful account Prepaid insurance Cash and cash equivalents...
please answer the following questions
2-A3 Exercises in Cost-Volume-Profit Relationships Upcraft Moving Company specializes in hauling heavy goods over long distances. The company's revenues and expenses depend on revenue-miles, a measure that combines both weights and mileage. CHAPTER 2. INTRODUCTION TO COST BEHAVIOR AND COST-VOLUME-PROFIT RELATIONSHIPS 65 Summarized budget data for next year are based on predicted total revenue miles of 500,000. At that level of volume, and at any level of volume between 300,000 and 700,000 revenue miles, the...
INSTRUCTIONS:
Based on the information available below, complete the
Cash Budget, Income Statement, and Budgeted Balance Sheet
worksheet
4 A relatively new company, Get Laughy Taffy, Inc., has determined they need to engage in a budgeting 5 process as part of their new strategic plan. The Company has asked you to provide the following items 6 for the months of January, February, and March of 2020: A) a Purchases Budget; B) a Cash Budget; C) a 7 Budgeted Income Statement;...
G 5 6 Check figures are: January Budgeted Purchase for Next Month Sales = $118,365; March Inventory Needed to be 7 Available during Current Month = $176,878. 8 Get Laughy Taffy, Inc. PURCHASES BUDGET 11 PLANNING FOR 2020 12 13 Solution: Actual Budgeted Budgeted Budgeted Dec 2019 January February March 15 Desired Ending Inventory Balance for Current Month $ 72,137 16 Current Month's Cost of Sales 172,900 17 Inventory Needed to be Available during Current Month 245,037 18 Less: Beginning...
Please answer part a and b for the following question.
PROBLEMS 3.13 E&P Computation. For its current taxable year. K Corporation, a manufactur of nuts and bolts, reported the following information using the accrual method of accounting: Income: Sales .... $575,000 Cost of goods sold (LIFO) ... (175,000) Gross profit from operations $400,000 Interest income: Municipal bonds 9,000 Corporate bonds 20,000 Dividends received 10,000 Ordinary income on installment sale .. 14,000 Life insurance proceeds 50,000 Expense: Selling and administrative expenses...
Q1. 4U Berhad Trial balance as at 30 June 2019 RM 0.000) RM (.000) 25,000 1.500 750 2.500 12.500 1.250 500 875 1.250 2.500 1.250 7,500 500 1,500 6.000 Sales @ RM 100 per unit Inventory at 14 May 2018 (15,000 @ RM 50) Trade receivables and payables Purchases Return inwards Carriage inwards Carriage outwards Return outwards Administrative expenses Selling and distribution expenses Plant and machinery at cost Discount received Commission Received Rental Building at cost Freehold land at cost...
A homeowners' policy will typically pay up to $500 per plant that is damaged by a covered peril. This is an example of: an aggregate dollar limit an open perils dollar limit C. a specific dollar limit a mixed dollar limit none of the above e. You purchase an annuity for which you will make one payment of $15,000 on your 50 birthday. The annuity will start paying you $400 a month on your 67" birthday until you die. What...
PART B - Answer THREE questions only. Question 1 Tijari Sdn Bhd is a main distributor of Mediterranean juices in Kuala Lumpur. The company's Budgeted Statement of Financial Position as of 30 June 2018 is shown below: Tijari Sdn Bhd Statement of Financial Position as at 30 June 2018 Assets RM Cash 90,000 Accounts receivable 136,000 Inventory 100,000 Plant and equipment, net of depreciation 210,000 Total assets 536,000 Liabilities and shareholders' equity Accounts payable Common shares Retained earnings Total liabilities...
objective risk excepr: O All fthe following are methods used by ingurance are methods used by insurance companies to A. safety education programs. C. investment in investment grade securities only D. use of deductibles. selective underwriting of insureds of: 7. A life insurance company needs more liquidity when selling a high proportion A. one-year renewable term policies B. annuities. C, thirty-year term policies D. whole life policies. one of the following statements about universal life insurance is not true? A....
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