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3 years ago

An annuity may best be defined as:

Business

2 answers:

Viktor [21]3 years ago

4 0

Answer:

Answer: D. a series of consecutive payments of equal amounts.

Explanation:

Aleksandr-060686 [28]3 years ago

3 0

Answer: D. a series of consecutive payments of equal amounts.

Explanation:

An annuity is a financial commodity that provides a fixed amount of payments, paid in equal periods, such as deposits made into savings accounts, monthly home mortgage payments, and monthly insurance payments.

Annuities are meant to be a safe way to secure a steady capital flow during people´s retirement years, as well as to avoid outliving their assets.

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Which of the following is a required financial statement? 1 point Statement of Auditor Independence Statement of Cash Flows Stat

kondor19780726 [428]

Answer:

statement of revenues

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3 years ago

Dennis, age 25, needs lifetime life insurance protection. His agent showed him a chart displaying yearly renewable term premiums

Sveta_85 [38]

Answer:

Dennis, age 25, needs lifetime life insurance protection. His agent showed him a chart displaying yearly renewable term premiums and level-premiums for the next ten years. The level premiums were always higher than the yearly renewable term premiums. Based on this chart, Dennis is convinced he should purchase yearly renewable term insurance. What is Dennis overlooking?

"Age" and "Amount of coverage" is the important factor that is being overlooked.

Explanation:

"Age" and "Amount of coverage" is the important factor that is being overlooked.

In level premium insurance, premium prices remain unchanged throughout the term whereas, in yearly renewable term premiums, premium rates rise as the policies age.

Additionally, in level premium, the amount of coverage offered increases over time at no additional expense.

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3 years ago

Which of the following is a major difference between Internet banks and traditional banks? The government does not regulate Inte

Aloiza [94]

Answer:

Internet Banks have lower overhead costs.

Explanation:

Online Banks and traditional banks are basically the same with the main difference being that Internet Banks have lower overhead costs. These are costs on the income statement usually including accounting fees, advertising, insurance, interest, legal fees, labor burden, rent, repairs, supplies, taxes, telephone bills, travel expenditures, and utilities. Since Internet Banks do not need many physical locations they save on many of these overhead fees.

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3 years ago

During its first year of operations, mack's plumbing supply co. had sales of $630,000, wrote off $10,100 of accounts as uncollec

Reil [10]

The answer is 516,250 by first calculating expenses (6,500,000-40,000-expenses=590,000), net income = revenue-expenses.

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3 years ago

Alex left his position as a manager for Macy's after two years. He complained of being burned out from having to fulfill too man

devlian [24]

Answer:

d. delegation.

Explanation:

Delegation: In management, delegation is described as any of the assignment related to an authority figure that is being given to another individual, for example, a task or assignment given by a manager to his or her subordinate to lead a few specific activities. Delegation is determined as one of the different concepts related to "management leadership". Therefore, an individual who is being delegated a specific work tends to remains "accountable" for the output of the "delegated work".

As per the question, Alex probably never learned to use the tool of delegation.

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3 years ago