Answer:
1. Cost of Insurance
2.Cash Value
Explanation:
Universal life insurance premiums consist of two components:
1. Cost of Insurance (COI) amount
2. A saving component which is known as the cash value
In a universal life insurance policy, the two most common adjustments made during a month that each month, the cost of the death protection is deducted from the cash value, and the current interest rate is credited. In other words we explain as the excess of premium payments above the current cost of insurance is credited to the cash value of the policy, which is credited each month with interest. The policy is debited each month by a cost of insurance (COI) charge as well as any other policy charges and fees drawn from the cash value, even if no premium payment is made that month
A company had sales of $500,000 in 1996 and sales of $720,000 in 1998. Use the midpoint formula to find the company's sales in 1997
Answer:
$610,000
Explanation:
According to the midpoint value, we have to find out the mid value of two amount.
As in the question, the sales for 1996 and the sales for 1998 are given and we have to find out the sales for 1997
So, by using the mid point formula approach, the sales for 1997 is
= (1996 sales + 1998 sales) ÷ (Number of years)
= ($500,000 + $720,000) ÷ (2 years)
= ($1,220,000) ÷ (2 years)
= $610,000
Therefore, the estimated sales value of the company for year 1997 is $610,000
The "unemployment rate" is the number of unemployed people divided by the ________. A) population B) number working C) number in the labor force D) None of these
Answer: Option C
Explanation: The unemployment rate refers to the proportion of the unemployed workforce, calculated as a percentage.
This is considered as a lagging indicator, which means this normally goes up or down in the midst of response to changing circumstances instead of predicting them. The unemployment rate could be expected to increase when the economic situation is in bad condition and job opportunities are scarce.
In order to evaluate the jobless rate, the amount of unemployed individuals is measured by the number of working and unemployed individuals in the total labor force.
Trek Holidays company signed a 7%, 10- year note payable for $166,000. The company paid an instalment of $2,500 for the first month. What portion of the monthly payment is principal? (Do not round any intermediate calculations, and round your final answer to the nearest dollar.)
a. $1,532
b. $16,333
c. $4,980
d. $4,032
Answer:
a. $1,532
Explanation:
The note payable is 166,000 and 7% so the yearly interest on the note payable is 0.07*166,000=11,620
In order to find the monthly interest rate we will divide 11,620 by 12
11,620/12=968.3
In order to find the monthly principal we will subtract the monthly interest from
the monthly payment of 2,500
2,500-968.3=1,531
We can round that of to 1532 for the answer from the options.
For its new Jeep Compass, Daimler Chrysler launched a campaign targeting young, hip consumers. To reach its target, Jeep’s advertising agency used music, talking bobbleheads, and other nontraditional marketing tactics to capture consumers’ interest. The agency devised a host of bobblehead characters that represented the wide variety of potential Compass buyers. Daimler Chrysler was the _____ of the message in this communication process.
Answer:
sender
Explanation:
Based on the information provided it can be said that Daimler Chrysler was the sender of the message in this communication process. This can be said because Daimler was the one who launched the campaign that was used to target these consumers and garner their interest towards the product they are selling.
Daimler Chrysler was the source of the message in its campaign for the Jeep Compass, using innovative marketing tactics to appeal to young consumers and mirroring historical patterns in automobile industry advertising.
In the communication process described, Daimler Chrysler was the source of the message. They crafted a marketing campaign featuring nontraditional tactics such as music and talking bobbleheads to appeal to a younger, more dynamic audience. Their approach highlighted the importance of understanding the target audience's psychographic and lifestyle preferences, allowing them to tailor their message effectively. Daimler Chrysler's use of these approaches builds on a tradition within the automobile advertising industry where companies like Volkswagen and Dodge have similarly used cultural trends and consumer attitudes to shape their branding and advertising strategies.
Irkholm, a South American nation, experiences an economic downturn that leads to an increase in average prices across the country. The situation becomes more serious when average prices increase more than 50% per month. In the given scenario, Irkholm is experiencing _____.a. disinflation
b. hyperinflation
c. asset price inflation
d. deflation
Answer:
b. hyperinflation
Explanation:
Hyperinflation is when general price levels increase by at least 50% over a given period.
Asset price inflation is when asset prices rises.
Deflation is a fall in general price level. It is when inflation is negative.
Disinflation is a decrease in the rate of growth of inflation. It is when inflation is falling but is still postive.
I hope my answer helps you.
As an IAR, you have gotten to know one of your customers and have prepared a financial/investment plan for her retirement based on her circumstances. You advise her that the plan is flexible and will change as her circumstances change. Among the life events that may require such a change in the plan are of the following EXCEPT:
[A] Marriage
[B] Divorce
[C] Child birth
[D] Moving to a new home
Answer:
D) Moving to a new home
Explanation:
When you move to a new home that usually should not change your investment plans, unless you are purchasing some extremely expensive home that will alter your finances completely.
If you move to another state, you will need to change your legal domicile which might require some changes, but it should not affect your financial position.
But if you get married, have a child or get divorced, then your financial position will change dramatically, since your personal finances are affected by these events.
Select all that apply: If medically indicated after an exposure, the U.S. Public Health Service requires that your employer offers you post-exposure medication for _______.
A. HIV
B. Influenza
C. Tuberculosis
D. Hepatitis B
E. Hepatitis C
Answer:
A. HIV, D. Hepatitis B and E. Hepatitis C
Explanation:
As per Occupational safety and health administration (OSHA), every employer need to immediatly provide medical evaluation of worker or employee working in the company after their exposure to any infectious material, such as non-intact skin, blood etc. As it could lead to infection of HIV, Hepatitis B, Hapatitis C or other blood related infection. The medical report is very important to early address the possible infection.
The University of Iowa runs a series of ads throughout the Midwest on how friendly and helpful its faculty, staff, and students are as well as how outstanding its academic programs are. This type of promotion would best be characterized as _____.
a. public relations
b. product advertising
c. advocacy advertising
d. institutional advertising
e. comparative advertising
The University of Iowa's promotion campaigns aimed at emphasizing their friendly community and academic excellence is an example of institutional advertising, which focuses on creating a positive image for the organization as a whole.
The University of Iowa is engaging in a type of promotion that is best characterized as institutional advertising. This form of advertising is focused on establishing a positive corporate identity and influencing public perception, rather than promoting a specific product or service. The university's ads highlight the friendliness of its community and the quality of its academic programs to create an attractive overall image of the institution and reinforce positive attitudes about it. Institutional advertising is sometimes intertwined with public relations strategies, as both seek favorable impressions; however, institutional advertising is a paid effort to cast the organization in a good light within the marketplace of ideas.
As the product manager for the eatery division at Whole Foods, Jerry is responsible for analyzing sales data to help him manage his team. Today Jerry is analyzing his data using many different perspectives to identify different ways to improve his division. Which of the following common digital dashboard capabilities is Jerry using to analyze his department's success?
A. Slice-and-Dice
B. Competitive tables
C. Drill-down
D. Consolidation
Answer: Option A
Explanation: Slicing and Dicing relate to how details in a server can be segmented, presented and comprehended. Big data frames are divided into smaller sections and hence the process is repeated for deeper analysis till the appropriate amount of detail is reached.
Slicing relates to determining a cube sub-set by specifying a single number for one of its dimensions and making a narrower cube with a narrower dimension. On the other hand, dicing produces a sub cube by choosing several variables from either the cube's different dimensions. The cube is turned regardless of its size.
Thus, from the above we can conclude that the correct option is A.
Smith Company's inventory cost is $100. The expected sales price is $110, estimated selling costs are $6. The normal gross profit ratio is 20% of selling price. The replacement cost of the inventory is $106. Smith Company uses the LIFO inventory method so must use the lower of cost or market approach and this inventory item should be valued at
A. $102
B. $106
C. $104
D. $110
Using the Lower of Cost or Market (LCM) approach, Smith Company's inventory should be valued at $104, as this is the smaller value between the replacement cost and the market price.
Option C is correct
Explanation:The lower of cost or market (LCM) approach indicates that inventory should be valued at the lesser of the cost to replace the inventory or the market value. In the case of Smith Company, the cost of the inventory is $100, and the replacement cost is $106.
However, the market price (the expected sales price less the selling costs: $110 - $6 = $104) is lower than the replacement cost. Therefore, following the LCM approach, the inventory should be valued at $104.
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Select the correct answer.
These are the cost and revenue functions for a product line of cat food sold in 7-pound bags at a single pet store:
R(x) = 700x – 11.3x2
C(x) = 8,068 – 34.25x
Based on these functions, what is the maximum profit that can be made?
A. $1,737.82
B. $3,859.50
C. $8,068.00
D. $10,840.71
To find the maximum profit, subtract the cost function from the revenue function and find the vertex of the resulting quadratic function. The maximum profit is approximately $1,737.82.
Explanation:To find the maximum profit, we need to subtract the cost function C(x) from the revenue function R(x). The profit function is given by:
P(x) = R(x) - C(x)
Substituting the given functions into the profit function, we have:
P(x) = (700x - 11.3x2) - (8,068 - 34.25x)
Expanding and simplifying, we get:
P(x) = -11.3x2 + 734.25x - 8,068
To find the maximum profit, we need to find the vertex of this quadratic function. The x-coordinate of the vertex is given by:
x = -b/(2a) = -734.25/(2*(-11.3)) ≈ 32.57
Substituting this value back into the profit function, we can find the maximum profit:
P(32.57) ≈ $1,737.82
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Jeanie had always been interested in how individuals and businesses effectively allocate their resources in order to accomplish personal and organizational goals. That’s why she majored in economics and took on an entry-level position at an accounting firm. She is very interested in further advancing her career by looking into a specialization that builds upon her academic background, and her interest in deepening her understanding of how companies adjust their operating results to incorporate the economic impacts of their practices on internal and external stakeholders. Which specialization could Jeanie follow to get the best of both worlds?
Jeanie should chose
accounting to get the best of both worlds.
The correct answer is; financial accounting.
Further Explanation:
Since Jeanie has such diverse interests she can specialize in financial accounting to have the best of both worlds. With financial accounting, she can still help the individuals and businesses accomplish their goals with their resources at hand.
When she goes into financial accounting she will be able to learn a more detailed knowledge of the framework of accounting. In this field, she will be using the external reports of the financial records. She can learn how to read the financial statements of large corporations and even go higher in her career.
Other types of accounting jobs are;
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which of the following is a characteristic of changes made in the working environment
1. Transparent & Open Communication
2. Work-Life Balance
3. Training & Development-Focused
4. Recognition for Hard Work
5. Strong Team Spirit
Answer:
Transparent and Open Communication
Explanation:
In an organization whether its a national or multicultural environment, There should be an open and transparent communication from top to bottom and or bottom to top. They must encourage people to communicate openly, sharing their failures versus hiding them or allowing them to fester and also must engender an openness to share ideas and collaborate. It is vital to openly share ideas on all fronts, including on what is working and what is not working, what we know and what we do not know. Knowing what we do not know is significant, and we must let others know this.
Transparent and open communication tends toward the team commitment and build strong team spirit which helps to focus in work life balance too.People get recognition for their initiatives and hard work and get chances to progress more. Hence the open and transparent communication makes employee-employer equity equitable and achieve the organizational goals
German automakers Audi, Mercedes-Benz, and BMW all share the same goal of leading the international luxury vehicle market. Audi has made the decision to target younger professionals in established markets and this decision is reflected in the company's new, trendy body designs. Audi's approach of targeting younger professionals in established markets is a strategic move aimed at ________.A. attacking competitionB. reducing costsC. increasing qualityD. diversifying risks
Answer:
A. Attacking Competition.
Explanation:
Audi's approach of targeting younger professionals in established markets is a strategic move aimed at attacking competition because 'target market'is a market positioning strategy. A target market is a particular group of customers that a product or company is aiming at, and in the case of Audi it is young professionals in established markets. Target market is also a marketing strategy which shows the area of the market that a particular competitor wants to focus on, to gain market share.
Rita is doing her family's grocery shopping and purchases ice cream. She's purchased Blue Bell ice cream before and purchases it again. She's not committed to this brand; it's just that she and her family like it. Which type of nominal decision is this?
A. inconsequential decisionB. indifferent decisionC. automatic decisionD. repeat purchase decisionE. secondary decision
Answer: repeat purchase decision
Explanation: In simple words, repeat purchase decision refers to the situation in which a customer prefers a brand due to some other reasons than brand loyalty.
These decisions could be made for a number of reasons like lack of alternatives, better pricing, general behavior or past reference etc.
Generally these decisions are made by the customers casually and the products for which such decisions are made have low prices and do not take mu share in the income of consumers.
Thus, from the above we can conclude that the given case depicts repeat purchase decisions.
A county or municipal authority usually grants a certificate of occupancy for new construction only after:
A. all contractors have been paid for services.
B. all work has been completed for at least thirty days.
C. the construction complies with building codes.
D. the tax assessor has valued the improvement.
Answer:
C. The construction complies with building codes.
Explanation:
A certificate of occupancy, as the name implies, is given by the local authority when the new construction is considered to be suitable for human occupation, and what determines the habitability of the building is the local building codes.
In most jurisdictions, this certificated is needed not only for new construction, but also for modificiations in existing buildings.
April's disposable income increases from $500 to $750 and her savings increases from $100 to $150, then her marginal propensity to
a. save is 0.2.
b. consume is 5.
c. consume is 0.2.
d. save is 5.
e. save is 0.8.
Answer:
A) save is 0.2
Explanation:
Marginal propensity to save (MPS) is ratio of extra dollar saved from every extra dollar of income (increase in income). MPS is calculated by dividing change in saving by change in income.
Increase in saving = 50 (150 - 100)
Increase in income = 250 (750-500)
MPS: 50 / 250 = 0.2
Marginal propensity to consume (MPC) is ratio of extra dollar consumed from every extra dollar of income. MPC is calculated by dividing change in consumption by change in income.
Increase in consumption = (Increased income - increased saving) - (Previous income - previous saving)
Increase in consumption (750 - 150) - (500-100)
Increase in consumption = 600 - 400 = 200
Increase in income = 250 (750 - 500)
MPC = 0.8
Thus the correct answer is
A) MPs is 0.2
Although competitors can copy or match the goods and services a firm offers, the firm can still develop a sustainable competitive advantage through ______________ if its products have high perceived value and effective branding or positioning.
Answer: Product excellence
Explanation:
The product excellence is one of the type of product management approach in an organization and it basically producing the efficient goods and the services according to the customer desire and the requirement.
The following are some points that should be remember while creating the product excellence are as follows:
The manufacture should known about the actual requirement of the customer. Creating a efficient design of the product.Always establishing a clear goal regarding the product strategy for producing the goods and the services.Therefore, Product excellence is the correct answer.
All of the following communications with the general public are considered to be Retail Communications subject to the communication rules on advertising EXCEPT:
a. A firm's web site
b. Communications or more than 25 retail investors within any 30 calendar day period
c. A firm's electronic bulletin board
d. An issuer's prospectus
Answer:
d. An issuer's prospectus
Explanation:
The answer will be option D as we know that a prospectus is considered to be a disclosure document, not advertising. It is intended to provide full and fair disclosure of all of the material facts about a new issue that an investor would want to know. It is the formal legal offer of a new issue. It must not contain sales or promotional claims. Prospectuses filed with the SEC are not subject to the FINRA rules on communications with the public, including the content standards. Choice B is the definition of "retail communications" which includes advertising. Choices A and C are electronic examples of advertising.
The lack of marketing information about religion is primarily due to ________. Select one:
a. the small number of people who are influenced in the marketplace by religious issues
b. the dollar value of the Christian market being very low
c. traditional bigotry toward religion
d. religion being somewhat of a taboo subject among researchers
Answer:
d.
Explanation:
religion being somewhat of a taboo subject among researchers
Most researchers especially science researchers don't believe there exist any religion. Some of them are free thinker, they believe things just happened through evolution.
Which of the following is NOT part of the simple circular flow model?
business
government
firms
households
Answer:
The correct answer is B. Government
Explanation:
There is no doubt that the simple circular flow model explains supply and demand in an elemental economic perspective, however this model doesn’t take into account at least five other key factors of the economic systems. Those factors are:
1. Government sector.
2. Government spending.
3. The taxation system.
4. The financial institutions.
5. Imports and exports.
The correct answer is B. Government.
The Central Bank of Wiknam increases the money supply at the same time the Parliament of Wiknam passes a new investment tax credit. Which of these policies shift aggregate demand to the right?
a. both the money supply increase and the investment tax credit
b. the money supply increase but not the investment tax credit
c. the investment tax credit but not the money supply increase
d. neither the investment tax credit nor the money supply increase
Answer:
a. both the money supply increase and the investment tax credit
Explanation:
When the Central Bank of Wiknam increases the money supply, it is known as expansionary monetary policy.
When the Parliament of Wiknam passes a new investment tax credit, it is known as expansionary fiscal policy.
A shift in the aggregate demand curve to the right is when aggreagrate demand increases.
When money supply is increased, disposable income increases, consumption increases and aggregate demand increases.
Investment tax credit reduces the amount paid as tax and therefore increases disposable income, consumption increases and aggregate demand increases.
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When is it acceptable under NASAA rules for an IAR to exercise discretionary authority over the account of an investor?
A) Only when the IAR gives written notification to the investor with the confirmation of the trade.
B) If the IAR receives authority via telephone and this is followed by written authority within 10 days, the IAR may exercise discretion over the account.
C) Only when the IAR is increasing or decreasing an existing position that is held by the investor.
D) If the IAR has suggested allowing discretionary authority, then the IAR may use discretionary authority.
Answer:
B) If the IAR receives authority via telephone and this is followed by written authority within 10 days, the IAR may exercise discretion over the account.
Explanation:
The members of the North American Securities Administrators Association (NASAA) must follow their Model Rule which allows IAR the use of discretionary authority with verbal authorization (in this case a telephone call), but the verbal authorization must be confirmed by a written authorization within 10 days.
Which of the following statements is true?
a. If a tax is imposed on a product sold by a monopolist, the monopolist will maximize its profits by producing where marginal revenue equals marginal cost.
b. A monopolist will always charge the highest possible price.
c. If a tax is imposed on a product sold by a monopolist, the monopolist can increase its price to pass along the entire tax to consumers.
d. Because a monopolist faces no competition, the demand for its product is perfectly inelastic.
Answer:
Option C is correct
Explanation:
Since it is a specific sales tax, the effect would be shifted to the consumers. The optimal output would be determined by
MR= MC + T =MCT
MR= marginal revenue, MC = marginal cost, T = tax
That mc curve would shift to mct which is the new equilibrium
When paying your bills, it is most financially beneficial to make larger payments to:___________.
Answer:
to those outstanding payments which have highest interest rates.
Explanation:
If we pay and settle more outstanding bills now which have high interest rates it will save us from interest which will be charged in future for delayed payment as it will by multiplied by number of days or months for which it has been delayed.
So if we are not paying high interest outstanding bills it will cost us more in future by high interest amount added to the bill amount.
What ratio is used to measure the profit earned on each dollar invested in a firm’s stockholders?
a.Current Ratio
b.Asset Turnover Ratio
c.Return on Sales Ratio
d.Return on Equity
Answer:
Correct answer is letter D, Return on equity ratio
Explanation:
Return on equity ratio is used to measure on how well the firm uses the invested dollars to the firm to generate earnings. It is sometimes called as return on net worth. By computing equity ratio, the investors will know how much is the earnings on their per dollar investments for the certain period. This will help the investor to monitor and assess their investment earnings for the period.
An investment of $100,000 is worth $105,000 after 3 months. If the investment keeps growing at the current rate, at the end of one year, the annualized rate of return will be:A. 5.00%B. 20.00%C. 21.55%D. 25.00%
Answer:
C 21.55%
Explanation:
The investment grows by 5% in three months and assuming that the investment earns 5% for every three months (every quarter). Therefore every quarter investment earns 5%. The annualized return is calculated as follows:
Annualized return = (1 + periodic return) * (1 + periodic return).... -1 * 100
Annualized return =( 1.05 * 1.05 * 1.05 * 1.05) - 1 * 100
Annualized return = 21.55%
Under NASAA's Statement of Policy on Dishonest or Unethical Business Practices of Broker/Dealers and Agents, which of the following is NOT considered when determining excessive trading in a client's account?A) Investment objectives of the client.B) Client's financial status.C) Length of association with the agent.D) Character of the account.
Answer:
Under NASAA's Statement of Policy on Dishonest or Unethical Business Practices of Broker/Dealers and Agents, which of the following is NOT considered when determining excessive trading in a client's account:
C) Length of association with the agent.
Explanation:
NASAA stands for The North American Securities Administrators Association that ensure the safety of the investor.The option a, b and d are not correct as the Under the NASAA's statement of policy of dishonest or unethical business practices of broker/dealers and agents, investment objectives of the client, financial status of the client as well as the character of the account are considered. The option c is correct as length of association with the agent is not the concern of the NASAA so it is taken into the consideration.The cost to manufacture one unit of Rinker Audio Products' bestselling hearing aid, the Magnifier, is $87.50. The CFO of the company, Neha Patel, has determined that if the company expands the output of its biggest U.S. plant by 20 percent, the unit cost would be only $82.50. The concept that as plant output expands, unit costs decrease, is known as
a. minimum efficient scale.
b. lean production.
c. Six Sigma.
d. economies of scale.
e. total quality management.
Answer:
d. economies of scale
Explanation:
Based on the information provided within the question it can be said that this concept is known as an economy of scale. Like mentioned in the question this concept states that as a company scales their operation, the cost of each input unit decreases as their output or production increases, Thus granting the company a cost advantage. As is happening in this scenario.
ABC common stock has been moving up recently and one of your clients purchased several hundred share of the stock this morning. Since the investor purchased the stock, the price went up by one point and then returned to the price that the customer paid this morning. The client decides to buy a call option on ABC common stock. The most likely reason for the purchase of the call would be:________.
Answer:
ABC common stock has been moving up recently and one of your clients purchased several hundred share of the stock this morning. Since the investor purchased the stock, the price went up by one point and then returned to the price that the customer paid this morning. The client decides to buy a call option on ABC common stock. The most likely reason for the purchase of the call would be: inflation or hike in price
Explanation: