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ivanzaharov [21]
3 years ago
10

44) Which type of annuity pays an amount per year to you and your spouse until the last one dies?

Business
1 answer:
Andreas93 [3]3 years ago
6 0
The right answer for the question that is being asked and shown above is that: "c. Joint and survivor annuity." The type of annuity pays an amount per year to you and your spouse until the last one dies is that of <span>c. Joint and survivor annuity</span>
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Bill wants to give Maria a $630,000 gift in 3 years. If money is worth 6% compounded semiannually, what is Maria's gift worth to
olga_2 [115]

Answer:

$527,615.08

Explanation:

The formula that describes the present value of an investment compounded semiannually is:

PV = \frac{FV}{(1+\frac{r}{2}^{(2*t)})}

For a future value of $630,000 obtained at a 6% annual rate for 3 years, the present value is:

PV = \frac{630,000}{(1+\frac{6}{2}^{(2*3)})}\\PV=\$527,615.08

Maria's gift is worth $527,615.08 today.

5 0
3 years ago
1. Suppose you are an accountant for pre-fraud WorldCom. You have just been instructed by the CFO to alter specific company acco
lord [1]

I would not change any specific company accounts before you in order to increase the company's figures.

<h3>What is an accountant?</h3>
  • An accountant is a person who practices accounting or accountancy.
  • Accountants who have passed their professional associations' certification tests can use titles like Chartered Accountant, Chartered Certified Accountant, Certified Public Accountant, or Registered Public Accountant.
  • Statute grants such professionals certain responsibilities, such as the ability to certify an organization's financial statements, and they may be held liable for professional misconduct.
  • Non-qualified accountants may work for a qualified accountant or independently, with no legislative privileges or obligations.

As I am 100% honest with my work and work under ethics so I would not change any specific company accounts before you in order to increase the company's figures.

Therefore, I would not change any specific company accounts before you in order to increase the company's figures.

Know more about company accounts here:

brainly.com/question/24553900

#SPJ4

5 0
2 years ago
What is the annual cost per mile of operating a car given the following information? Item Value Annual miles driven 11,800 Gas c
GarryVolchara [31]

Answer:

Annual cost per mile of operating a car=$0.409 per mile

Explanation:

Step 1: Calculate the total cost of gas and other associated cost

Total cost of gas=price per gallon×number of gallons consumed

where;

price per gallon=$ 2.79

number of gallons consumed=24

replacing;

Total cost of gas=(24×2.79)=$66.96

Additional  costs=Annual depreciation+interest+insurance+license+

repairs/oil+parking

where;

Annual depreciation=$2,500

interest=$650

insurance=$680

license=$65

repairs/oil=$370

parking=$498

replacing;

Additional costs=(2,500+650+680+65+370+498)=$4,763

Total costs=total gas cost+additional cost=(66.96+4,763)=4,829.96

Total annual operating cost=$4,829.96

Annual cost per mile=Total annual operating costs/number of miles driven

Annual cost per mile=4,829.96/11,800

Annual cost per mile=$0.409 per mile

5 0
3 years ago
Experienced trainers prepare a complete set of notes that they read to trainees to make sure that no important material is omitt
Cloud [144]
<span>FALSE. The trainer should write notes as Bullet points to ensure nothing is skipped and he/she stays on task. Star the most important bullet points to be sure each trainee understands what is being taught. Notes could also include hand out sheets to give to trainees.</span>
4 0
3 years ago
On January 2, 2018, Howdy Doody Corporation purchased 15% of Ranger Corporation's common stock for $58,000. Ranger's net income
insens350 [35]

Answer:

Howdy Doody show in the 2018 income statement as income from this investment is $24225

Explanation:

given data

purchased = 15%

common stock = $58,000

net income 2018 = $15,000

net income 2019 = $58,000

dividend  = $61,500

fair value = $73,000

to find out

How much Howdy Doody show in the 2018 income statement as income from this investment

solution

we know that net income to be reported as income by investment is the sum of income from dividend + unrealised gain

so here

unrealised gain = increase in value of stock that is

= $73,000 - $58,000 = $15000      .............1

and

income from dividend is  = 15 % of $61,500

income from dividend = $9225       .................2

now add equation 1 and 2

Howdy doody show in 2018 income statement as income from this investment = Dividend revenue + Unrealized holding gain

income statement = $9225 + $15000

income statement = $24225

4 0
3 years ago
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