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3 years ago

All of the following information about a customer must be used in determining annuity suitability EXCEPT

Business

1 answer:

jenyasd209 [6]3 years ago

5 0

Answer:

The correct option is c. Beneficiary 's age

Explanation:

For determining the annuity suitability of a customer, the producer determines the following things which include financial status, customer age, taste and preference, tax status, annual income, financial experience, etc.

These things are important to judge the customer preference, and their bargaining power so that it becomes easy for producers to achieve their sales targets.

Therefore, beneficiary's age is not a criterion to determine annuity suitability.

Hence, The correct option is c. Beneficiary 's age

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Answer:

Explanation:

Given that

Sale value of quarter-pound of meat = $2

And, the sale value that arises from the meat = $4

So, the value that included in the GDP i.e Gross domestic product is $4 as it reflects the final price of the hamburger rather than the value that is to be intermediate i.e $2 as it shows a quarter pound of meat

So, in the given case only $4 would be included in the GDP

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3 years ago

Please describe an effective leadership style

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Explanation:

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2 years ago

The Whalers are interested in trading their star left tackle. He is a veteran and makes $1.6 million per year. They are consider

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Answer:

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Explanation:

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The savings in three years will be

=$600,000 x 3

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3 years ago

One way businesses can solve ethical dilemmas is through:

Viefleur [7K]

Answer: D

Explanation:

An ethical dilemma is a decision making problem between two possible moral imperatives, neither of which is unambiguously acceptable or preferable.

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3 years ago

Recording Transactions Using Journal Entries and T-Accounts Receive $40,000 cash in exchange for common stock. Purchase $4,000 o

Paladinen [302]

Answer:

a. See the explanation below for the journal entries.

b. each of the following accounts have an ending balance (in red color) after the recording as follows:

Cash, $27,000;

Common stock, $40,000;

Accounts payable, $4,000;

Accounts receivable, $3,000;

Equipment, $10,000.

However, each of the other accounts will have a zero ending balance.

Explanation:

a. Recording Transactions Using Journal Entries

The journal entries will look as follows:

Accounts Name Dr ($) Cr ($)

Cash 40,000

Common stock 40,000

(To record cash receipts for common stock.)

Inventory 4,000

Accounts payable 4,000

(To record inventory purchase.)

Account receivable 6,000

Sales 6,000

(To record credit sales.)

Cost of sales 4,000

Inventory 4,000

(To record cost of sales.)

Cash 3,000

Account receivable 3,000

(To cash collected from credit sales.)

Equipment 10,000

Note payable 10,000

(To record purchase of equipment by issuing note.)

Wages 2,000

Cash 2,000

(To record wages paid in cash.)

Note payable 10,000

Cash 10,000

(To record note due paid.)

Dividend 4,000

Cash 4,000

(To record cash dividend paid.)

b. Recording Transactions Using T-Accounts

Note: See the attached excel file for the T-Accounts.

From the attached excel file, each of the following accounts have an ending balance (in red color) after the recording as follows:

Cash, $27,000;

Common stock, $40,000;

Accounts payable, $4,000;

Accounts receivable, $3,000;

Equipment, $10,000.

However, each of the other accounts will have a no or zero ending balance.

Download xlsx

8 0

2 years ago