1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Marketing firms strive to ensure that people are aware of their products because people assume that if they have heard about cer
madam [21]

Answer:

Exposure Bias

Explanation:

Basically, exposure bias states that consumer are more likely to buy brands which have higher brand recognition than new companies with no name recognition.

6 0
3 years ago
Your friend is starting a company and wants to identify the job their product will do for people. What advice would you give the
ankoles [38]

Answer:

they should make a google doc or slides and inform them with if

8 0
3 years ago
Which of the following statements is true?-direct costs can easily be traced to a cost object; indirect costs cannot be-both dir
Andru [333]

Answer: Statement A

Explanation: Direct cost are those costs which are variable in nature and can be allocated to the total units of output produced, these are easily traceable. Examples - direct material, direct labor and piece rate wages etc.

Indirect costs are those cost which cannot be allocated to the number of units produced on individual basis unlike direct cost these costs can be either fixed or variable in nature. Examples - rent expenses, administrative expenses.

.

From the above explanation we can conclude that statement A is correct.

5 0
3 years ago
The profit earned from the sale of stock that has increased in value is known as
schepotkina [342]

Answer:

a capital gain . that is c

3 0
3 years ago
Read 2 more answers
Academic book publishers hire​ editors, designers, and production and marketing managers who help prepare books for publication.
Montano1993 [528]

Answer:

The correct answer is option D.

Explanation:

Academic book publishers hire​ editors, designers, and production and marketing managers who help prepare books for publication.

These employees work on several books​ simultaneously so a change in quantity demanded of books published in a year.

Since the number of people employed is fixed and does not change with the quantity of output. The cost incurred on these workers will be fixed cost. So the salaries and benefits of people in these people will be included in fixed costs and total costs. But since it does not change with change in the output it will not be included in variable costs.

8 0
3 years ago
Other questions:
  • Webster Corporation's monthly projected general and administrative expenses include $5,600 administrative salaries, $3,000 of ot
    12·1 answer
  • The direct method for preparing and reporting the statement of cash flows reports net income and then adjusts it for items neces
    13·1 answer
  • Which of the following represents the correct sequence of the different stages in business process engineering
    10·1 answer
  • Which of the following is NOT one the responsibilities of the the Federal Reserve
    11·2 answers
  • In accordance with 1926.21(b)(2), the employer is required to instruct each employee in the _______________ of unsafe conditions
    14·1 answer
  • Freberg Company, a division of Dudge Cars, produces automotive batteries. Freberg sells the batteries to its customers for $92 p
    15·1 answer
  • Everything Looks Like a Nail, Inc is a manufacturing company that produces hammers. The company faces a number of fixed and vari
    13·1 answer
  • This type of organization allows for many people to make decisions about the same service or need within the company.
    11·1 answer
  • You are an experienced manager, and you fortunately have the ability to use all four managerial styles: directing, coaching, sup
    10·1 answer
  • cash equivalents: multiple choice are readily convertible to a known cash amount. include investments due in twenty months. incl
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!