The correct answer is- that it can be called as relational contract.
A relational contract is one in which the effect is based on the parties' trust relationship. The contract's explicit terms are an outline of the implicit terms and understandings that govern the parties' behavior.
Some features of relational contracts are-
- They represent parties' long-term relationships.
- They require an equal commitment from both parties.
- They necessitate a great deal of communication and collaboration.
Relational contracts are very important when it comes to retaining value over time and assisting in the maintenance of good contracting relationships. They are concerned with the long-term relationship between parties rather than just the transactional exchange. Although building trust can be difficult at first, relational contracts ultimately keep both parties happy by assisting in the creation of both tangible and intangible deals — and 'win-win' situations — that reduce operational costs. This goes a long way toward establishing long-term business relationships and mutual trust.
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Answer:
Explanation:
In the income statement, the total revenues and the total expenses are recorded.
If the total revenues are more than the total expenditure then the company earns net income
And, If the total revenues are less than the total expenditure then the company have a net loss
This net income or net loss would reflect in the statement of the retained earning account.
The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:
I liquidity needs
II investment time horizon
III existing assets including insurance holdings
IV intended use of the variable annuity
A. I and II only
B. III and IV only
C. I, II, III only
D. I, II, III, IV
Answer:
D. I, II, III, IV
1. liquidity needs
2. investment time horizon
3. existing assets including insurance holdings
4. intended use of the variable annuity
Explanation:
Before a registered representative gives recommendation on a variable annuity, the following actions amongst others should have been taken:
1. investment time horizon
2. liquidity needs
3. intended use of the deferred annuity
4. existing assets including life insurance
5. investment experience
6. investment objectives
8. obtain the customer's age,
9. annual income
10. financial situation and needs
Answer:
The correct word for the blank space is: Consent decree.
Explanation:
A consent decree is an agreement of two parties ordered by a judge to avoid going further into a trial over matters that violate the law or regulatory codes. Consent decrees are used mostly used in <em>Civil Rights violations </em>typically where there are discrimination activities at work. In such a case, the Equal <em>Employment Opportunity Commission</em> (EEOC) intervenes to make the consent decree agreement with the employer so the violations stop.
Answer: $152,309.69
Explanation:
You are looking for the future value of this amount in 29 years assuming it will be compounded annually.
Future value = Amount * (1 + rate)^ number of years
= 4,400 * ( 1 + 13%)²⁹
= $152,309.69
