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Pachacha [2.7K]
3 years ago
5

The annuity settlement option that pays out the highest monthly income for as long as the annuitant lives, and leaves no residua

l value upon the annuitant's death, is the:
a. Life Income with Refund Optionb. Life Income Joint and Survivor Optionc. Joint Life Optiond. Life Income Options
Business
2 answers:
Vlada [557]3 years ago
6 0

Answer:

Life Income Option

Explanation:

Life Income option is also known as Straight-life annuity pays out the highest monthly income as long as the annuitant is lives and leaves no residual value upon the annuitant's death and so to avoid loss it better to chose an annuity with specific period because the annuitant can die early.

kondaur [170]3 years ago
6 0

Answer:

<h2>Life Income Option</h2>

<h2 />

Explanation:

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Early in your first term as President of the United States you faced an economy in the beginnings of a recession. Which of the f
astraxan [27]
Letter C I’d go with
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3 years ago
When the economy suffers a downturn and the incomes of many people decrease, vacationers are more likely to take car trips than
inysia [295]

Answer: Air travel is a normal good and vacation travel by car is an inferior good

Explanation: What is a normal good and what is an inferior good.

Normal goods are those goods for which the demand rises as consumer income rises. While inferior goods are goods whose demand increases when consumer income decreases.

This therefore means that the demand of inferior goods is inversely related to the income of the consumer.

From the question above, we can say that car trips are inferior goods while the air travel are normal goods.

3 0
3 years ago
Read 2 more answers
In 2019, Teller Company sold 3,000 units at $600 each. Variable expenses were $420 per unit, and fixed expenses were $270,000. T
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Answer:

Break-even point in units= 1,500

Explanation:

Giving the following information:

Selling price= $600

Unitary variable cost= $420

Fixed cost= $270,000

<u>To calculate the break-even point in units, we need to use the following formula:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 270,000 / (600 - 420)

Break-even point in units= 1,500

8 0
2 years ago
What is the totality of a firm's organizational arrangements, including its formal organizational structure, control systems, in
Rainbow [258]

Answer:

Organizational architecture.

Explanation:

The organizational architecture can be defined as the structure of the company, which includes all the integrated systems of the organization, that is, all the tangible and intangible assets that make up the organizational whole.

In order to operate effectively, every organization must have an organizational architecture that enables the correct flow of processes that will assist in achieving the objectives and goals.

To assess which type of organizational architecture is appropriate for a business, it is necessary to analyze the company's systems, culture and strategy.

3 0
3 years ago
If the expected sales volume for the current period is 25,000 units, the desired ending inventory is 1,000 units, and the beginn
never [62]

Answer:

25,500 units

Explanation:

Sales units = Opening stock + Production - Closing stock

<em>So, we input the figure with aid of the above formulae</em>

25,000 units = 500 units + Production units - 1,000 units

Production units = 25,000 units - 500 units + 1,000 units

Production units = 25,500 units.

So, the number of units set forth in the production budget, representing total production for the current period is 25,500 units.

7 0
3 years ago
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