The type of Annuity is : Immediate annuity, where distribution starts within 1 year of purchase. <span>A man purchased $90,000 annuity with a single premium, and began receiving payments 2 months after that, the type of annuity is Immediate Annuity. </span>Immediate annuities<span> are long-term, tax-deferred contracts one purchase from an insurance company, it provide </span>immediate<span> regular payments in exchange for a lump-sum investment. These payments are guaranteed to last for life or a specified period of time.</span>
Answer:
True
Explanation:
Altruistic Corporate Social Responsibility is a philanthropic approach of the company which undermines the interests of the shareholders because such programs are not approved by the shareholders. This clash between the interests of shareholders and the society is the argue that critics quote to protect the shareholders rights.
Answer:
The correct answer is C. $264,000
Explanation:
Beginning balance, Salaries payable
$39,000
Plus Salaries expense 236,000
Minus Ending balance, Salaries payable
11,000
= Cash paid for salaries $ 264,000
Salary expense 236,000
Salaries payable 28,000
Cash 264,000
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Answer:
D. The breakeven point decreases.
Explanation:
Breakeven point of a business is defined as the point where it's total cost and total revenues are equal, at this point there is no gain or loss. Hen revenue is above this point profit is made, and when revenue is below this point there is loss.
The formula for break-even is
Breakeven point= Total fixed cost/(Sales price per unit- Variable cost per unit)
Since sales price and variable cost is constant, let's say
(Sales price per unit- Variable cost per unit)= constant (k)
So when we cross-multiply in the formula
Breakeven* k= Total fixed cost
It shows that Breakeven point is directly proportional to Total fixed cost.
So a reduction in Total fixed cost will result in a reduction in Breakeven point.