Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - The Endeavour insurance company issues life annuities. It prices its annuities using the following probabilities.
Survival probabilities Year Probability of surviving from start of year to end of year
1 0.88
2 0.74
3 0.46
4 0
The annuities pay $60 000 at the end of each year while the policyholder is alive. Endeavour insurance believes it can earn 4% p.a. interest on investments. It also has to provide for initial expenses of $50 at the date of issue.
Required - What is a new policyholder's probability of dying in Year 3?
a. 0.3516
b. 0.6512
c. 0.3488
d. 0.2288
The Allowance for Doubtful Accounts has a credit balance of $5,000. If no adjusting journal entry is recorded, how will the financial statements be affected?
Mavis plans to deposit $120,000 and will pay the rest by taking on a 7.75 percent per annum 10-year bank loan. What is the monthly payment on this car loan
Journalize the above transactions. Before the end of the year, X declared 20% share dividend where is selling price was 20% above par.
Mosser Corporation's common stock paid $1.77 in dividends last year and is expected to grow inde?nitely at an annual 5 percent rate. What is the value of stock
The Work in Process inventory account of a manufacturing Corporation shows a balance of $18,000 at the end of an accounting period. The job cost sheets of the two uncompleted jobs show charges of $6,000 and $3,000 for materials, and charges of $4,000..
A Seller of merchandise may be required to issue either a Purchase Return or a Purchase Allowance to the buyer. Define or give an example of a Purchase Return
Make a recommendation to Kathy. What factors other than the actual amount of cash received from the sale should you consider
Assume that Dexter meets all of the requirements of § 1237. What is the amount of Dexter's capital gain and ordinary income?
How does legislation impact on business performance? Give 2 examples of relevant consumer legislation and how it impacts on business performance.
Compute the Payback Period, Net Present Value and Internal Rate of Return for each of the three investment options. Submit the recommendation as a one-page Word
What percentage of those accused of lying were falsely? accused? The 1,980 employees of a company are given a polygraph test
Why are the terms of the articles of partnership important to partners? Discount cash received as an annuity with the market rate. Wait and See Company paid a dividend of $0.50 per share on September 23, 2016. What is the journal entry for this?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd