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Nadya [2.5K]
2 years ago
12

A customer buys a variable annuity and elects a payout option of Life Income with a 20 year period certain. This means that paym

ents will continue for:
Business
1 answer:
Finger [1]2 years ago
5 0

Answer:

the annuitant's life, but if he dies before 20 years elapse, payments continue to his heir(s)

Explanation:

An annuity life payment is a financial option that continues until the annuitant dies. a lump sum payment is made by this annuitant which he uses in securing a payout option of Life Income with a 20 year period certain . This annuity would continues for as long as the customer or annuitant is alive, but if he dies before that certain period, Someone else, that is a beneficiary or heir would be entitled to the payment until that period of 20 years elapses.

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The following trial balance of Oriole Co. does not balance.
Neko [114]

Preparation of a correct trial balance of Oriole Co.

ORIOLE CO. Trial Balance

June 30, 2020

Debit side

Cash $3,305

Accounts receivable $2,666

Supplies $300  

Equipment $5,110

Dividends $980

Wages expense $3,900

Office expense $1,345

Total debit balance $17,606

Credit side

Accounts payable $2,605

Unearned service revenue  $875

Common stock  $6,405

Retained earnings  $3,405

Service revenue  $4,316

Total Credit balance $17,606

•Cash = $3,275 + $750 - $570 -$75 - $75= $3,305

•Accounts receivable =$2,846 - $750 + $570 =$2,666

•Supplies =$1,205-$905 =$300

•Equipment =$4,205 +$905 =$5,110

•Accounts payable =$3,071- $206 -$260 =$2,605

•Unearned service revenue =$1,605 -$730 =$875

•Service revenue =$2,785 +$890 - $89 +$730 = $4,316

•Wages expense =$3,805 +$1,075 -$980 =$3,900

Learn more here:

brainly.com/question/21497457

7 0
2 years ago
A website that shows you a selection of athletic shoes based on your previous views of other shoes is using Blank______ to be re
IceJOKER [234]

If website that shows you a selection of athletic shoes based on your previous views of other shoes is using <u>personalization.</u>

<h3>What is personalization?</h3>

Personalization can be defined as the process of knowing a person preferences so as to meet their need.

Most online companies tend to make use of  personalization to know your preference based on the last thing you bought or based on your previous view by advertising or marketing similar products to you so as to meet your personal needs.

Inconclusion If website that shows you a selection of athletic shoes based on your previous views of other shoes is using <u>personalization.</u>

Learn more about Personalization here:brainly.com/question/1286522

4 0
1 year ago
Under the terms of a divorce agreement entered into in 2018, Kim was to pay her husband Tom $7,000 per month in alimony, Kim's p
leva [86]

Answer:

a. $36,000

Explanation:

Since the total payment is $7,000 which is reduced to $3,000 because of child

The $4,000 reflects the payment of the child. This $4,000 is come from

= $7,000 - $3,000

= $4,000

So, only $3,000 for 12 months would be allowed as a deduction from gross income

So, the total amount for deduction would be

= $3,000 × 12 months

= $36,000

3 0
2 years ago
What is a capital factor of production?
vampirchik [111]
I think it is 4 the work
5 0
3 years ago
Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale c
Lyrx [107]

Explanation:

The solution can be made in tabular form as given below for better comprehension. This easily calculates gross profit  for each of the four costing methods.

Particulars                         FIFO    LIFO           Avg cost Spec. ID

Sales                                50900   50900             50900 50900

Cost of goods sold         31800    32920              32248 32540

Gross Profit                          19100     17980               18652 18360

8 0
3 years ago
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