How much life insurance does adriana need

Assignment Help Financial Accounting
Reference no: EM132869397

Question 1: ?Adriana is financially responsible for her aged parents. She wants to provide income for her parents for 15 years should she die. Adriana earns $52,000 after taxes and believes that her parents could live on 63 percent of her current income. If the insurance funds could be invested at 4 percent after taxes and inflation, how much life insurance does Adriana need? The approximate interest factor is 11.9.

Reference no: EM132869397

Questions Cloud

How managerial accounting helps managers to improve : How either financial accounting helps external stakeholders make informed decisions or how managerial accounting helps managers to improve
Name 3 takeaways that small business managers : Explain how using these techniques can lead to business success. Please explain your explanation throughly.
What type of misstatement would occur : The fair value measurement using comparison method draws reference to transactions. What type of misstatement would occur
Why the scheduling process is crucial in the business : Explain why the Scheduling process is crucial in the business. How does Project Management tie all of the areas together?
How much life insurance does adriana need : If the insurance funds could be invested at 4 percent after taxes and inflation, how much life insurance does Adriana need? The approximate interest factor
How is the company culture socialized : Whole Foods is known for it's strong culture. Research (news articles, Glassdoor, company website, etc.). As part of your research:
What is the eps in a recession : EBIT will be 30 percent lower, and if there is a boom, EBIT will be 40 percent higher. The tax rate is 35 percent. What is the EPS in a recession?
Explain recommendations for nike to improve : Explain you recommendations for Nike to improve based on the 5 functions of management must do recommendations for each functions first one being
Negative results for both companies and employees : Researchers are now saying that efforts to simplify work tasks actually have negative results for both companies and their employees.

Reviews

Write a Review

Financial Accounting Questions & Answers

  What does the term cost driver mean

What does the term cost driver mean? What cost driver could Paint me White use other than labour to allocate their overhead for the manufacturing process?

  What order size would recommend

At its minimum, the difference in total annual cost between 800 and 801 units would be small anyway. What order size would you recommend?

  What is amount of net cash flows from operating activities

Using the following information compute the amount of net cash flows from operating activities. What is amount of net cash flows from operating activities

  Compute the total amount of the partnership non-cash asset

The net assets are 250,000, and the total claim of outside creditors is 200,000, compute the total amount of the partnership's non-cash assets

  How indicate the financial health of a business

Managers use the basic financial statements to evaluate the financial health of their companies. Discuss how they indicate the financial health of a business

  Various types of accounting systems

Write a paper in which you summarize the various accounting systems that each firm provides and various types of accounting systems

  What is the equivalent annual cost of the machine

Each machine has a life of 3 years before it is replaced. What is the equivalent annual cost of this machine if the required return is 10 percent?

  What the correct merchandise inventory at december

What the correct merchandise inventory at December 31, 2018? The accounting staff of Karen Company submitted an inventory list at December 31, 2018

  What is bimoli position in the company

Can Bimoli sell its oil to outside customers? What is Bimoli's position in the company? Is Bimoli part of the Cost Center or Revenue Center or Investment Center

  Determine departmental overhead rates

Determine departmental overhead rates and compute the overhead cost per unit for each product line. Base your overhead assignment for the components department

  Calculate the amount of money that will accumulate

What conclusions can you draw about the relationship between interest? rates, time, and future sums from the calculations you just? did?

  Determine the p-value and interpret the meaning

Using the critical value approach is there any evidence that the effort to reduce the mean waiting time is successful? Determine the p-value and interpret

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd