answer a,b,c and correct please.
Billy, age 38, has married and has two children ages 3 and 7. He is working as a purchasing manager in an international trading firm and earns $1,000,000 per year. His wife Karen, age 35 a full-time housewife who looks after the family and two children. Bily is reviewing his Insurance requirements and has identified the following after deducting all abilities, expenses and necessary provisions. Billy and Karen would like to retain those items which can hep to generate income as part of the living expenses. In addition, it is necessary to keep the residential flat for their own use. It is estimated that the overall annual expenses about $300,000 for Karen and their two children to maintain similar living standards i Silly died prematurely. Show all your steds of calculation and round ve to 2 decimal places Items owned by Billy Residentitat Preference share Automobile income securities fund investment grade corporate bond Jewers Bordcom Total: 56,000,000 $150 000 $160.000 5500.000 5200,000 $100,000 $50,000 $7.160,000 Assume that of wenge, the required return from those assets can earn raly love income producing centro determine the tota mount of income that can be generated from trem smarkt Et hoc the family anual expense of oily died prematurely after taking into consideration point above? (1 mark) According to Capital Retention Approach, determine the amount of life insurance that fully thould purchase is cover the shortfilmato Billy, age 38, has married and has two children ages 3 and 7. He is working as a purchasing manager in an international trading firm and earns $1,000,000 per year. His wife Karen, age 35 a full-time housewife who looks after the family and two children. Bily is reviewing his Insurance requirements and has identified the following after deducting all abilities, expenses and necessary provisions. Billy and Karen would like to retain those items which can hep to generate income as part of the living expenses. In addition, it is necessary to keep the residential flat for their own use. It is estimated that the overall annual expenses about $300,000 for Karen and their two children to maintain similar living standards i Silly died prematurely. Show all your steds of calculation and round ve to 2 decimal places Items owned by Billy Residentitat Preference share Automobile income securities fund investment grade corporate bond Jewers Bordcom Total: 56,000,000 $150 000 $160.000 5500.000 5200,000 $100,000 $50,000 $7.160,000 Assume that of wenge, the required return from those assets can earn raly love income producing centro determine the tota mount of income that can be generated from trem smarkt Et hoc the family anual expense of oily died prematurely after taking into consideration point above? (1 mark) According to Capital Retention Approach, determine the amount of life insurance that fully thould purchase is cover the shortfilmato
