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3 years ago

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

1 answer:

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.

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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)

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3 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

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2 grape sodas the price of it is 10 dollars

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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.

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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.

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3 years ago

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3 years ago