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3 years ago

What happens if a deferred annuity is surrendered before the annuitization period?

Business

1 answer:

Lana71 [14]3 years ago

5 0

Answer:

Annuity is a form of investment made at equal intervals. deposits to a saving account on a monthly basis is an example of annuity. <em>The surrender period is the time an investor have to wait before to withdraw from an annuity without any penalty </em>

If a person defers annuity before the annuitization period then the owner receives the premium payments that he has paid into the annuity and the interest. The surrender charge is deducted from the amount returned.

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A trader buys two July futures contracts on frozen orange juice. Each contract is for the delivery of 15,000 pounds.The current

Lady_Fox [76]

Answer:

1.10 dollars or 110 cents

Explanation:

We have a fall in the balance margin by contract.

We calculate the change as:

-1,500 =[ future price - (1.20)]*15000

We got 1.20 by dividing 120 by 10.

-1500 = [future price - (1.20)]*15000

Divide through by 15000

-1500/15000 = future price - 1.20

-0.10 = future price -1.20

Collect like terms

-0.10+1.20 = future price

1.10 = future price

Therefore the margin is $1.10 or 110 cents

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2 years ago

Flint Corporation purchased from its stockholders 5,200 shares of its own previously issued stock for $254,800. It later resold

Marizza181 [45]

Answer:

The journal entries are as follows:

(i) Cash A/c(1,825 × $52) Dr. $94,900

To Treasury stock(1,825 × $49) $89,425

To paid in capital from Treasury stock(1,825 × $3) $5,475

(To record the purchase at $52)

(ii) Cash A/c(1,825 × $47) Dr. $85,775

paid in capital from Treasury stock(1,825 × $2) A/c Dr. $3,650

To Treasury stock(1,825 × $49) $89,425

(To record the purchase at $47)

(iii) Cash A/c(1,550 × $41) Dr. $63,550

paid in capital from Treasury stock A/c Dr. $1,825

Retained earnings A/c (1,550 × $8) Dr. $10,575

To Treasury stock(1,550 × $49) $75,950

(To record the purchase at $41)

3 0

3 years ago

Consider a capacity constrained process producing a high profit margin product. What will the impacts on revenue and profits be

3241004551 [841]

Answer:

The answer is "Option B"

Explanation:

In this question, Higher incomes and profits are correct because it minimizes the congestion operating frequency by 10%. It takes a long time and decreasing the processing, which would have had an impact on revenue and profit directly. Performance would grow, generating additional sales, that's why choice b is correct.

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2 years ago

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svp [43]

Answer:

the correct answer is:

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Explanation:

Companies when crossing national borders also increase the need for information. International organizations that have a centralized management must be aware of what is happening in the world.

Information Systems Directors will be required to have greater involvement in the evolution and operation of technical tasks. Their participation in the company's strategy will increase and they will have to deal with this process, since they will participate in the changes or advances of the business areas. In addition, they will have to face numerous challenges in the coming years, specifically the optimization of ICT processes and the promotion of the use of best practices (ITIL, CMMI ...), the control and application of new collaborative tools, as well as the Infrastructure rationalization. In short, they will lead the leadership in innovation and value creation of the aforementioned new technologies.

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3 years ago

Paden Company purchased merchandise from Emmett Company with freight terms of FOB shipping point. The freight costs will be paid

Nikitich [7]

Answer:

Buyer (Paden Company)

Explanation:

The freight costs will be paid by the Buyer. FOB shipping point means that the Buyer takes all the risks and rewards associated with the purchase as soon as the goods leave sellers location.

8 0

3 years ago