The person who receives financial protection from a life insurance plan is called a Beneficiary. The other side is the policy owner. he beneficiary is usually selected at the time of the policy inception by the owner of the contract.Beneficiary Order
, Beneficiary Changeability and Beneficiary Legal Type are the three types of Beneficiaries for Life Insurance.
Answer:
Total cost is equal to $81300
So option (c) will be correct answer.
Explanation:
Actual unit of production = 42000
Cost of per equivalent material = $1.10
Equivalent cost of material = 
$
Equivalent cost of labor = 
$
Therefore total cost of production = $46200+$35100 = $81300
So total cost will be $81300
Therefore option (c) is the correct answer
Answer:
$270,000
Explanation:
Calculation for The gross profit
Using this formula
Gross profit = Sales + Cosing stock - Purchases
Let plug in the formula
Gross profit =(45,000*15) +
(450,000/50,000)*5,000 - 450,000
Gross profit =$675,000+(9*5,000)-450,000
Gross profit =$675,000+$45,000-450,000
Gross profit = $270,000
Therefore The gross profit is $270,000
Answer:
b) Has a higher expense ratio than an index fund
Explanation:
A mutual fund is a diversified investment tool. The fund is a collection of different types of stocks that form a single investment asset. It is a basket of stock trading as a single asset. Purchasing one unit of a mutual fund is equivalent to purchasing several portions of each stock that make up the mutual fund.
A professional manager manages the mutual fund. He or she carefully selects the stocks that go into the basket forming the mutual fund. The manager charges a professional fee, which is usually a percentage of the investment. Due to this fee, a mutual fund is relatively expensive as compared to an index fund that does not require the input of a manager.
