If Carly's husband were to die, she and her children could live on $50,100 per year. Carly makes $28,500 annually, and estimates additional income of $8,300 from other sources. How much insurance should she purchase on her husband to cover the shortfall, assuming a 17.7% prevailing interest rate? (Round to nearest $1,000)
A) $57,000
B) $84,000
C) $156,000
D) $75,000
D
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In determining the sample size for a test of controls, an auditor should consider the expected population deviation rate, desired confidence level, and the:
A. tolerable deviation rate. B. population size. C. risk of incorrect acceptance. D. nature and cause of deviations.
Earned but unrecorded revenues are recorded during the adjusting process with a credit to a revenue account and a debit to an expense account.
Answer the following statement true (T) or false (F)
Cost of goods sold = Beginning inventory + Purchases ? Ending inventory
Answer the following statement true (T) or false (F)
Over the last two decades stock market returns have been
A) over 25% each year. B) under 20% each year. C) negative for most years. D) in a range between -25% and +40%