Thomas Trotte is 50 years old. He wants to purchase a $50,000, 5-year term life insurance policy. The premium per $1,000 is $5.80. What is his annual premium?

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Related Questions

Which is not a factor that can cause a change in supply?options:a. Productivityb. Technologyc. Business Modelc. Cost of Resources
Prepaid Insurance shows a balance of zero at September 30, but Insurance Expense shows a debit balance of $2,700, representing the cost of a three-year fire insurance policy that was purchased on September 1 of the current year. On August 31 of this year, Cash was debited and Service Revenue was credited for $1,800. ?A. The $1,800 related to fees for a three-month period beginning September 1 of the current B. The company’s income tax rate is 39%. After making the above adjustments, SPC's net income before tax is $10,000. C. No income tax has been paid or recorded.
In facility location decision making matching the educational and skill levels of the labor pool to a company's needs is even more important than the labor pool's willingness and ability to learn.A) True B) False
Contra entry is recorded in?
Microsoft's stock price peaked at 6118% of its IPO price more than 13 years after the IPO† Suppose that $10,000 invested in Microsoft at its IPO price had been worth $600,000 (6000% of the IPO price) after exactly 13 years. What interest rate, compounded annually, does this represent? (Round your answer to two decimal places.)

Which statement about opportunity cost is true?A. It is the least desirable alternative given up as the result of a decision.

B. When making a decision, every trade-off is an opportunity cost.

C. Every decision has at least two opportunity costs.

D. Every ordinary decision we make involves an opportunity cost.

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An opportunity cost is defined as what someone gives up to receive the potential benefits from the purchase of one more unit of something else. Given the choices above, every ordinary decision we make involves an opportunity cost, is correct. Whenever someone has to make a decision, something is always given up in order to make the final decision.

D ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, GRADPOINT

Which employees pay provisional tax, site and paye tax?

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all employees pay all 3 types of tax however there are some employees that don't pay payee because they are earning minimum wage

Explain relevancy and viability of insurance

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Well the main thing about insurance is to insure either your car or home. Its basically required to have insurance unless you want a ticket..

What is the first step in financial planning?

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Answer: Analyzing the current situation

Explanation: I just took the test and this is the correct answer.

DETERMINING YOUR OBJECTIVES FOR THE PLAN

The "IPS" (Investment Policy Statement) for a qualified retirement plan under ERISA states the asset allocations permitted in the plan. The IPS requires that 50% of assets be placed in stocks; and 50% of assets be placed in fixed income securities. The allocation percentage is allowed to vary by up to 10%, giving the manager the ability to time the market to enhance returns. The investment manager expects a bull market in equities and increases the equities allocation to 65% and reduces the fixed income allocation to 35%. The equities market rallies and the overall portfolio increases by 18% for the year. At the end of the year, the manager rebalances, bringing the portfolio allocation back to 50/50. The investment manager:________.

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Okay so The investment manager has deviated from the initial asset allocation specified in the IPS, which was 50% in stocks and 50% in fixed income securities. They increased the allocation to stocks to 65% and reduced the fixed income allocation to 35%, taking advantage of their 10% allowable variation.

However, after the equities market rally and an 18% increase in the overall portfolio value, the manager rebalanced the portfolio back to the original 50/50 allocation, as per the IPS guidelines.

In summary, the investment manager initially deviated from the IPS allocation, but they eventually adhered to the IPS guidelines by rebalancing the portfolio back to 50% stocks and 50% fixed income securities at the end of the year. This rebalancing action aligns with their responsibilities outlined in the IPS.

Final answer:

The investment manager deviated from the initial 50/50 allocation ratio between stocks and fixed-income securities in anticipation of a bull market, leading to an 18% boost in the portfolio for the year. They then rebalanced the portfolio to the initial 50/50 ratio at the end of the year.

Explanation:

The investment manager, in this scenario, utilized flexibility within the Investment Policy Statement (IPS) to deviate from the prescribed 50/50 asset allocation between stocks and fixed-income securities. Noting an expected bull market in equities, they increased the equities allocation to 65%, leading to a portfolio increase of 18% for the year. At the end of the year, they adhered to the IPS by rebalancing the portfolio back to a 50/50 allocation.

Learn more about Investment Policy Statement (IPS) here:

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A collection of money from a group of investors used to buy different investments is a _____.stock
mutual fund
money market
high-yield savings account

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A collection of money from a group of investors used to buy different investments is called mutual funds.
When you join in a mutual funds, you are investing your money to a markets of investments to be able to gain money over time. You buy different investments and sell them when the price gets higher.

Answer:

mutual funds

Explanation:

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