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
kirill115 [55]
3 years ago
13

If the annuitant dies during the annuity or payout phase, the remaining value in the account will be:___________.

Business
1 answer:
Doss [256]3 years ago
4 0

If the annuitant dies during the annuity or payout phase, the remaining value in the account will be added to the deceased annuitant's estate for valuation.

Explanation:

When you leave the death benefit to a non-contractor, the balance is included in your total property value. It may not pass the proof process because it is left to a beneficiary, but that does not imply that the value of the rent does not form part of your property assessment for tax purposes.

Custom arrangements are being formed with insurance companies to show if the money is being disposed of, and if so, who can take it inherited. These contracts generally include provisions on death benefits that enable the owner to identify the beneficiary, either for the larger amount of money remaining on the account or for a minimum required.

You might be interested in
Following are Nintendo's revenue and expense accounts for a recent calendar year.Net sales ¥ 1,014,345 Cost of sales 626,379 Adv
elena-14-01-66 [18.8K]

Answer: These transactions can be journalized as follows :-

Explanation: Since the entries are closing entries these would be recorded at year end :-

Dec 31.  Sales a/c Dr  ¥ 1,014,345

                 To income a/c ¥ 1,014,345

         (Being revenue account closed)

Dec 31.  Income a/c Dr  ¥ 936,724

                 To cost of sales a/c  ¥626,379

                 To advertising expense a/c ¥ 96,359

                 To other expense a/c  ¥213,986

         (Being expenses account closed)

Dec 31.  Income a/c Dr  ¥77,621

                  To retained earnings ¥77,621

          (Being excess income transferred)

4 0
2 years ago
If a 30% change in the price of grape soda leads to a 45% change in quantity demanded, then what is the price elasticity of dema
Kaylis [27]
2 grape sodas the price of it is 10 dollars
5 0
3 years ago
Which type of budget indicates more expenses than income?
Fittoniya [83]

Answer:

a deficit budget

Explanation:

A budget is a plan detailing how an individual, a firm, or a government will spend its anticipated revenue. In short, a budget is a plan of expenditure. Budgets are usually prepared at the beginning of a period to guide the use of available resources.

An ideal situation is when the planned expenditure equal to the expected income. Such a plan is called a balanced budget. However, in some circumstances, the planned expenditure exceeds the projected income. That budget is a deficit budget.

3 0
3 years ago
ABC Corporation has declared a rights offering to stockholders of record on Thursday, October 22nd, payable on Friday, November
AysviL [449]

Answer:

November 6th is the last date to exercise the rights.

Explanation:

The shareholders have right to sell the rights to other shareholder, for which the shareholders need to exercise the rights before the right issue. If the shareholders doesn't makes any exercise of right issue before date then he is not entitled to rights anymore. The last date is the date on which the payment is made.

7 0
3 years ago
My neighbor, martha, ran into my house crying and angry. "my car has been stolen!" she gasped. "i saw them take it!" i called th
victus00 [196]
This is an unfortunate financial situation that Martha experienced. Her car with a brown (1.body) and black roof color was stolen. She then called the police to  have it blotter. The police asked her if she has (2.paid ) her loan since the bank or dealer has a right to (3. confiscate). She confessed that she was unable to pay her duties because the written language was too complicated to (4.understand). A big home-improvement loan is also (5. along) with the car loan. It's difficult for her to pay since the city is suffering from (6.financial crisis). So, she consulted a debt counselor and have the service for free and come up with the(7.options) of having a regular job or pay willingly in full. They both made up a plan that would (8.constitute) a comprehensive budget. Finally, she made a promised to pay (9.small) amount each month to companies she's indebted. They've also talked about comprehensive actions to take when she's facing a (10.similar) scenarios again.
3 0
3 years ago
Other questions:
  • Allison is an entrepreneur who has started her own video game development company. She lives in california one of the designers
    8·1 answer
  • When a utility bill is paid with cash, cash is decreased and utilities expense is __________?
    5·1 answer
  • There are three ways in which the complexity increases as five or more parties simultaneously engage in negotiation.
    7·1 answer
  • Saul and Pepper have been friends since kindergarten. Both Saul and Pepper have good part-time jobs. Pepper deposits a portion o
    13·1 answer
  • There are no preferred dividends in arrears, the balances in the Accounts Receivable and Inventory accounts are unchanged from J
    8·1 answer
  • Assume that a technological breakthrough lowers the cost of manufacturing automobiles. As a result of this event, we could reaso
    14·1 answer
  • From where do we get our own identity card?
    10·1 answer
  • Sometimes events on Salesforce need to be handled by an external system due to the scale or type of process being executed. Cons
    14·1 answer
  • When the economy is in a recession, expansionary fiscal policy can be used to stimulate and encourage economic growth. Which of
    15·1 answer
  • A retailer has noticed that his cost of goods from a specific supplier always seem to be increasing—affecting the gross profit o
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!