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elena-14-01-66 [18.8K]
3 years ago
12

Collin buys a fixed deferred annuity. Upon annuitization, he chooses the life annuity with period certain payout option. Collin

will receive $3,000 each month with a 15-year certain period. If Collin dies after seven years, how much will his beneficiary receive?
Business
2 answers:
Rina8888 [55]3 years ago
6 0

Answer:

$288,000

Explanation:

Given:

Payment per month = $3,000

Remain period = 15 year - 7 year = 8 year

Total payment period = 8 year x 12 month = 96 month

Computation of total remain beneficiary amount:

Total remain beneficiary amount = Payment per month x 96 month

Total remain beneficiary amount = $3,000 x 96

Total remain beneficiary amount = $288,000

barxatty [35]3 years ago
6 0

Answer:

$288,000

Explanation:

Given that

Each month received amount = $3,000

Time period = 15 years

Died = After 7 years

The computation of the amount received by the beneficiary is

= Each month received amount × total number of months in a year × remaining years

= $3,000 × 12 months × 8 years

= $288,000

The remaining years is

= 15 years - 7 years

= 8 years

Hence, the beneficiary amount received is $288,000

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Answer:

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Explanation:

The net income of the business is usually appropriated or used for two purposes at the end of the year. It is either used to pay dividends or is retained in the business and is added to the retained earnings or both.

Thus, to calculate the dividends paid by the business in a particular year, we can calculate the change in retained earnings and deduct it from the net income.

Change in retained earnings = Ending balance of retained earnings - Beginning balance of retained earnings

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Thus, out of the net income of $191000, $106600 were transferred to retained earnings. So, the amount of dividends paid for the year is,

Cash Dividends - Year 2 = 191000 - 106600  = $84400

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Ratling [72]

Answer:

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Explanation:

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Answer:

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This means though the Net realizable value increases but the cost remains the lower. This means their must not be any changes made to inventory account.

The profit earned from the increase in inventory value will be reflected in the income which will increase the net worth of the investment. So the increase in investment revenue would be by $100,000.

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