What are the five general methods for estimating the amount of life insurance that the Lawrences need?
Question:
What are the five general methods for estimating the amount of life insurance that the Lawrences need?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (8 reviews)
Simple as the easy method is it is remarkably useful It is based on the rule of thumb that a typical ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Personal Finance
ISBN: 978-0077861643
11th edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
Question Posted:
Students also viewed these Corporate Finance questions
-
a. The human life value is one method for estimating the amount of life insurance to own. Keeping all other factors unchanged explain the effect, if any, of each of the following: 1. The discount...
-
What are the five general categories of intangible assets ?
-
What are the five general rules for calculating FCF?
-
XY is a pharmaceutical company with the head-quarter in the United States. However, its cash flow depends only on sales in Japan. It receives a cash flow of Yen 20 billion with certainty in t=1. The...
-
Add curved arrows to the mechanism shown in Problem 5.32 to indicate the electron movement in each step.
-
Jupiter Game Company manufactures pocket electronic games. Last year Jupiter sold 25,000 games at $25 each. Total costs amounted to $525,000, of which $150,000 were considered fixed. In an attempt to...
-
How are the data collected on the Required Accounts window used?
-
Faldo Company produces a single product. The projected income statement for the coming year, based on sales of 200,000 units, is as follows: Sales ........... $2,000,000 Less: Variable costs .......
-
A cup of coffee cools according to Newton's law of cooling (3) in Section 1.3. dT dt T-T or m dT dt = k(T-T) (3) Use data from the graph of the temperature T(t) in the figure to estimate the...
-
A manufacturing company produces bearings. One line of bearings is specified to be 1.64 centimeters (cm) in diameter. A major customer requires that the variance of the bearings be no more than .001...
-
1. In your opinion, do Jeff and Ann need additional insurance? Why or why not? 2. What type of policy would you suggest for Jeff and Ann? Why?
-
What are the two types of life insurance companies?
-
What are the elements of the budget cycle?
-
Define the term internal controls as used in an auditing context. What are the main components of an organizations internal control system?
-
What are the characteristics of type A personalities?
-
Whatis the auditors responsibility to assess the quality of accounting principles used by the client? What factors should an auditor look at in determining the quality of accounting choices made by...
-
What is a firewall? What major tasks should be built into a firewall?
-
Which lesson of the geese is most lacking and needed in teams today? Why?
-
In Problem find the relative rate of change of f(x). f(x) = 7 + 4e -x
-
Presented below are income statements prepared on a LIFO and FIFO basis for Kenseth Company, which started operations on January 1, 2024. The company presently uses the LIFO method of pricing its...
-
If Carissa Dalton has a $260,000 home insured for $200,000, based on the 80 percent coinsurance provision, how much would the insurance company pay on a claim of $10,000? Assume there is no...
-
What would it cost an insurance company to replace a familys personal property that originally cost $40,000? The replacement costs for the items have increased 15 percent.
-
What amount would a person with actual cash value coverage receive for two-year old furniture destroyed by a fire? The furniture would cost $2,000 to replace today and had an estimated life of five...
-
Japan Company produces lamps that require 2 standard hours per unit at a standard hourly rate of $18.30 per hour. Production of 7,900 units required 15,330 hours an hourly rate of $18.70 per hour....
-
Investors may accept an asset with greater risk, only if the asset. Multiple Choice costs less costs more offers greater risk premium offers less return
-
Paver Corporation is making a $102,000 investment in equipment with a 5-year life. The company uses the straight-line method of depreciation and has a tax rate of 20 percent. The companys required...
Study smarter with the SolutionInn App