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2 years ago

Which annuity payout option allows the policyowner to choose a pre-determined number of benefit payments?

1 answer:

6 0

The annuity payout option that allows the policyowner to choose a pre-determined number of benefit payments is known as an Annuity Certain. Which is a financial instrument that provides a stream of payments, for a predetermined number of years. If the annuitant dies before the payment term ends, an annuity certain will continue a stream of payments remitted to the annuitant's beneficiary or estate.

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In pioneer ville, the price elasticity of demand for bus rides is 0.5. when the price of a bus ticket rises by 5 percent, ____

lianna [129]

The quantity of bus rides demanded decreases by 2.5 percent. Hope this helps. :)

4 0

2 years ago

The form of business that limits the liability of individuals for the risks involved in business activities is known as _____.

m_a_m_a [10]

Answer:

The correct answer to the following question will be Option A (Corporation).

Explanation:

A Corporation seems to be a separate legal entity and is different from its proprietors. Corporations possess most of individual responsibilities and rights: they can sign contracts, lend and borrow the money, sue and prosecute, hire workers, own properties, and paying taxes. Some call him a "legal person".

A company form that declares the enterprise as a distinct, corporate entity governed by people known as the management board. Perhaps the most beneficial way to begin an enterprise is a corporate structure, as the organization operates as a distinct entity.

Therefore, Option A is the right answer.

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2 years ago

Selling. general, and administrative expenses were $80,000, net sales were $390,000, interest expense was $16.000: research and

elixir [45]

Answer:

The correct answer is C. US$ 30,000

Explanation:

1. What was the operating income for the period?

Operating income = Net sales - Cost of goods - Operational expenses

Operational expenses on this question are:

Selling. general, and administrative expenses
Interest expenses
Research and development expenses
Income tax expense

According to the information provided, we have then:

Operating income = 390,000 - 220,000 - 80,000 - 16,000 - 34,000 - 10,000

Operating income = 390,000 - 360,000

Operating income = 30,000

The correct answer is C. US$ 30,000

8 0

3 years ago

On May 10, 2020, Crane Co. enters into a contract to deliver a product to Greig Inc. on June 15, 2020. Greig agrees to pay the f

belka [17]

Answer and Explanation:

The journal entries are shown below:

1. Accounts receivable a/c Dr $1,840

To Sales revenue a/c Cr $1,840

(Being the sales is recorded)

2. Cost of goods sold a/c Dr $1,170

To Inventory a/c Cr $1,170

(Being the cost of goods sold is recorded)

3. Cash a/c Dr $1,840

To Accounts receivable a/c Cr $1,840

(Being the payment received is recorded)

Only these three entries are recorded

3 0

2 years ago

Explain the importance of contracts when analyzing revenue arrangements.

Nana76 [90]

Contracts are legally binding documents that have the ability to protect and allow all parties to be clear and precise of actions and expectations within the agreement, including payment arrangements. Contracts are important when analyzing revenue arrangements, as it ensures that all parties are aware of the agreed upon outcome and provide hard evidence should there be any future disputes.

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2 years ago