The level of organizational culture that is being described
in the scenario above is the basic underlying assumptions in which this level
focuses more on taking beliefs for granted in a way that they use their
thoughts and feelings in a course of action in which Bill does because of his
beliefs.
Answer:
I) Most are invested in fixed-income portfolios.
IV) The portfolio is fixed for the life of the fund.
Explanation:
Unit investment trusts is one in which Pools of money is invested in a portfolio which is fixed for the life of the fund. This is generally stocks and bonds which are redeemable units to investor for specific time. These investment portfolio have no board of directors. This is a type of mutual fund which offers investors having fixed portfolio of securities having definite life.
Predictions usually refer to the collective behavior of large groups rather than individual because looking at the behaviors of a large group of individuals allows economist to discern General patterns of actions and therefore make more reliable generalization.
Answer:
A factor company
Explanation:
A factor company is a finance company that specializes in purchasing company's accounts receivable,then goes ahead to collect the balances from the customers for a fee.
A factor company sometimes does this with a recourse to the company whose receivable has been factored or without a recourse.
With a recourse means that any accounts receivable balance uncollected would be transferred to the original company while without a recourse is the opposite situation
Answer: Ordinary income tax on earnings exceeding basis.
Explanation:
From the question, we are informed that a 60-year-old customer purchases a nonqualified variable annuity and withdraws some of her funds before the contract is annuitized.
The consequences of this action is that Ordinary income tax on earnings exceeding basis. It should be note that the distributions from a nonqualified plan had to do with return on original investment and income from the investment. Since there's defer of the income, it'll be taxable as an ordinary income.
