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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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MAVERICK [17]
<h3>Answer:</h3>

D. Allowance for Doubtful Accounts is shown as a deduction from Accounts Receivable on the balance sheet.

<h3>Explanation:</h3>
  • Balance sheet is a statement of account that shows the number of assets, liabilities, capital and net profit or loss in an organisation.
  • Receivables refers to the amount that the seller ios owed by the customers or buyers.
  • Therefore, receivables are current assets in a business and are listed on the left side of the balance sheet.
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3 years ago
Camille's Café is considering a project that will not produce any sales but will decrease cash expenses by $12,000. If the proje
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Answer:

Answer is $10,500.

Refer below.

Explanation:

Camille's Café is considering a project that will not produce any sales but will decrease cash expenses by $12,000. If the project is implemented, taxes will increase from $23,000 to $24,500 and depreciation will increase from $4,000 to $5,500. The amount of the operating cash flow using the top-down approach is:

$10,500

3 0
4 years ago
Organizations typically rely on __________ schedules, such as hourly wages and annual reviews and raises.
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Organizations typically rely on fixed interval and fixed ratio schedules, such as hourly wages and annual reviews and raises. A fixed interval schedule is when an employer gives an employee a raise or reward after a set amount of time has passed. A fixed ratio schedule is when there is a reinforcement after a certain number of responses has happened.

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3 years ago
Given the following production function for Tight Jeans Corporation, calculate the marginal physical product and the value of th
kicyunya [14]

Answer:

labor input      pairs of jeans      marginal physical     value of marginal

                       per day                product                     physical product

0                          0                          0                               0

1                         10                         10                            $300

2                         36                         26                            $780

3                         56                         20                            $600

4                         68                         12                            $360

5                         74                          6                            $180

6                         76                          2                             $60

7                         76                          0                                0

8                         74                         -2                            -$60

The marginal revenue product is the value of marginal physical product, and you calculate it by multiplying marginal physical product times the unit price of the pair of jeans.

5 0
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Marsha and Antonio's statements are examples of representations and warranties, as in a contract for the purchase and sale of a work of art there must be agreements that protect and benefit the parties.

<h3 /><h3>Features of a contract</h3>

Corresponds to a formal and consensual document that must be based on legality to identify an economic transaction between two or more parties, establishing the rights and obligations of both.

Therefore, for it to be valid, the parties must be in full capacity and competence, in addition to the need for autonomy of will, the obligation and supremacy of public order.

The correct answer is:

B. Representations and warranties

Find out more information about legal contract here:

brainly.com/question/8935110

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