Answer:
Service Firms is the correct answer.
Explanation:
Answer:
All of them:
- I. commercial banking
- II. corporate finance
- III. financial planning
- IV. insurance
Explanation:
People who work in commercial banks regularly deal with clients that need money to start a new business or expand an existing one, not all businesses are huge corporations that only go to large investment banks.
Anyone that works in finance must understand the investment environment, since the core task of finance is dealing with the value of money and time.
Insurance companies also deal with financial issues and investments.
Answer: Managed Float
Explanation:
Also called "Dirty Float", the Managed float is an exchange rate system that allows for the currency of a country to be set by the forces of demand and supply in the market.
However, unlike in a clean float, the Central bank will occasionally intervene in the market to influence the how fast the currency is changing value or to control the direction it is going.
This is usually done to protect the domestic economy from sudden shocks in the global economy.
<u>Answer:</u>
<u>Closing entries
</u>
Date account and explanation Debit Credit
Dec 31 Service revenue 108000
Income summary 1080000
(To close revenue)
Dec 31 Income summary 72000
Supplies expense 6000
Salaries and wages expense 40000
Utilities expense 8000
rent expense 18000
(To close expense)
Dec 31 Income summary 36000
Owner's capital 36000
(To close income summary)
Dec 31 Owner's capital 22000
Owner's Drawing 22000
(To close withdrawal)
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>