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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. The surrender period is the time an investor have to wait before to withdraw from an annuity without any penalty

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 monopolistic seller of sports cars has traced out the following demand curve: 10 customers have willingness to pay (WTP) of $1

Romashka [77]

Answer:

The answer is: 1) II > I > III

Explanation:

Pricing scheme I: $2 million profit

Price $150,000
Contribution margin = $150,000 - $50,000 = $100,000
35 units sold x $100,000 = $3.5 million
profit = $3.5 million - $1.5M = $2 million

Pricing scheme II: 2.25 million profit

Price $200,000
Contribution margin = $200,000 - $50,000 = $150,000
25 units sold x $150,000 = $3.75 million
profit = $3.75 million - $1.5M = $2.25 million

Pricing scheme III: $1.5 million profit

Price $250,000
Contribution margin = $250,000 - $50,000 = $200,000
15 units sold x $200,000 = $3 million
profit = $3 million - $1.5M = $1.5 million

8 0

3 years ago

Nabisco used a free-standing rack in the shape of a bus to promote its Ritz and other cracker products. The goal of the sales pr

blagie [28]

Answer:

point-of-purchase display

Explanation:

Point-of-purchase display: The term "point-of-purchase display" is also denoted as "POP display" is described as one of the different marketing materials or advertising that is being placed next to any merchandise that it has been promoting. However, these items are being generally located or present in any checkout area or some other location whereby that specific purchase decision is being made.

In the question above, the given type of sales promotion is referred to as a point-of-purchase display.

8 0

4 years ago

Destiny and Enzo engage in a business transaction. When a dispute arises, Destiny initiates a lawsuit against Enzo by filing a c

WINSTONCH [101]

Answer:

The answer is: A) Destiny did not state a claim for which relief can be granted.

Explanation:

A motion to dismiss is a request made by a party involved a court case (usually the defendant) that seeks to make the court dismiss the case. It can be filed on a variety of grounds based on legal deficiencies. One of the common grounds for filing a motion to dismiss is:

Failure to State a Claim for Which Relief Can Be Granted: A plaintiff must comply with several requirements in order to file a complaint, including a valid cause of action. A motion to dismiss may be granted if the plaintiff fails to adequately allege all of the elements of the claim or if the complaint fails to allege a measurable injury.

4 0

3 years ago

The demand for ben & jerry's ice cream will likely be ________ the demand for dessert.

kotykmax [81]

The demand for ben & jerry's ice cream will likely be more price elastic than the demand for dessert.

<h3>What is the elasticity of Demand?</h3>

When all other conditions are equal, the elasticity of demand is a concept in economics that quantifies how responsive consumers are to shifts in the quantity desired as a result of a price adjustment. In other words, it demonstrates the number of things consumers are willing to buy as the cost of those products rises or falls.

By dividing the percentage change in quantity by the percentage change in price during a specific period, the elasticity of the demand formula is computed. It appears as follows:

Elasticity is defined as % change in quantity / % change in price.

The quantity demanded as a result of a percentage change in a product's price is hence the measure of demand elasticity. Demand can be elastic or inelastic depending on whether products' demand is more responsive to price fluctuations. When a product's demand is flexible, the desired quality is extremely responsive to price variations. When a product's demand is rigid, the desired quality does not adapt well to price variations.

Therefore, The demand for ben & jerry's ice cream will likely be more elastic than the demand for dessert.

For more information on the elasticity of demand, refer to the following link:

brainly.com/question/23301086

#SPJ4

7 0

2 years ago

Connors Corporation acquired manufacturing equipment for use in its assembly line. Below are four independent situations relatin

kobusy [5.1K]

Answer:

A: we reocrd at cost, which is the discounted price:

40,000 x (1 - 2%) = 39,200

Equipment 39,200 debit

Cash 39,200 credit

B: we discount the note implicit interest:

42,000 / 1.12 = 37,500

Equipment 37,500 debit

Note payables 37,500 credit

C: Because; there is commercial substance we recognize the loss on the old equipment as the book value is 13,500 while it is being traded at 8,500

We write off, post the cash used and the loss. The new equipment enter the accounting for the difference to blaance the entry:

equipment 45,500 debit

acc depreciation 15,500 debit

loss at disposal 5,000 debit

cash 37,000 credit

equipment 29,000 credit

D: we evaluate the equipment at fair value

Equipment 40,000 debit

common stock 2,500 credit

additional paid-in 37,500 credit

We now it is no-par therefore there is an additional paid in.

As we aren't provide with the face value we assume is 1 dollar.

Explanation:

5 0

3 years ago