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ss7ja [257]
4 years ago
10

a customer has invested 20000 in a variable annuity. in the first year nav increases to 21100 at what rate wsill 1100 gain be ta

xed
Business
1 answer:
rjkz [21]4 years ago
7 0

Answer: 0%

Explanation:

The $20,000 contribution to the variable annuity is not taxed and neither is the gain, at least not yet.

With the variable annuity, the gains/earnings will be tax-deferred and the customer will only have to pay taxes when they withdraw the contributions.

When this happens they will be charged at the normal income tax rate.

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Which term describes the purely competitive market structure where many buyers are trying to satisfy a similar need with uniquel
bonufazy [111]

Answer:

monopolistic competition                          

Explanation:

Monopolistic competition refers to the characteristic of a sector in which several companies offer similar but not flawless replacements for products. Barriers to entry as well as an exit in such a competitive monopoly sector are minimal, and any company's judgments have no direct impact on those of its rivals. Monopolistic competition is strongly linked to the mark distinguishing corporate strategy.

The monopolistic rivalry is a middle way among monopoly with perfect competition, mixing individual elements. Both companies have the same, comparatively low level of market dominance in monopolistic competitiveness; they are all value-makers. The demand is strongly elastic throughout the long run, implying it is vulnerable to price movements            

6 0
3 years ago
On March 1, Young Co. borrowed $1,000 by extending their past-due account payable with a 120-day, 6% interest-bearing note. On J
tamaranim1 [39]

Answer:

This entry would be recorded by Young with a credit to <u>cash account</u> in the amount of <u>$1,020</u>.

Explanation:

The complete journal entry for June 29 should be

  • Dr Notes Payable account 1000
  • Dr Interest Expense account 20
  • Cr Cash account 1020

The total interest due = $1,000 x 6% x 4/12 =$20

Notes payable is a liability account and it decreases, so it should be debited.

All expenses are debited.

Cash is an asset account and it decreases, so it should be credited.

7 0
3 years ago
West company declared a $0.50 per share cash dividend. the company has 190,000 shares issued, and 10,000 shares in treasury stoc
Damm [24]
To record the dividend declaration
   Ordinary Share Capital   $90000
          Dividend Payable         $90000
to record payment
     Dividend Payable         $90000
           Cash                            $90000

The amount is derived from the shares issued and outstanding so, the 190000 issued is deducted by 10000 treasury shares because treasury shares are reacquired by the company so it is not an outstanding share, then just multiply the answer with the dividend per share to arrive at $90000

190000-10000shares * $.50 =$90000
4 0
3 years ago
Read 2 more answers
You are creating a portfolio of two stocks. The first one has a standard deviation of 20% and the second one has a standard devi
Drupady [299]

Answer:

23.56

Explanation:

Standard deviation of  the first stock (σ1) = 20%

Standard deviation of  the second stock (σ2) = 37%

The correlation coefficient between the returns (ρ) = 0.1.

Proportion invested in the first stock (W1) = 43%

Proportion invested in the second stock (W2) = 57%

The standard deviation of a two-stock portfolio's returns is given by

\sigma_{portfolio} = \sqrt{w_1^2\sigma_1^2+w_2^2\sigma_2^2+2w_1w_2\rho\sigma_1\sigma_2} \\\sigma_{portfolio} = \sqrt{0.43^2*0.2^2+0.57^2*0.37^2+2*0.43*0.57*0.1*0.2*0.37}\\\sigma_{portfolio} =0.2356=23.56\%

The standard deviation of this portfolio's returns IS 23.56%

8 0
4 years ago
A(n) ________ is a type of intelligent technique that finds patterns and relationships in massive data sets too large for a huma
sergey [27]

Answer:

The correct answer is c) neural network .

Explanation:

Neural networks (also known as connectionist systems) are a computational model vaguely inspired by the behavior observed in their biological counterpart. It consists of a set of units, called artificial neurons, connected to each other to transmit signals. The input information crosses the neural network (where it undergoes various operations) producing output values.

Each neuron is connected to others through links. In these links the output value of the previous neuron is multiplied by a weight value. These weights in the bonds can increase or inhibit the activation state of adjacent neurons. Similarly, at the exit of the neuron, there may be a limiting function or threshold, which modifies the result value or imposes a limit that must be exceeded before spreading to another neuron. This function is known as the activation function. Artificial neural networks (also known as connectionist systems) are a computational model vaguely inspired by the behavior observed in their biological counterpart. It consists of a set of units, called artificial neurons, connected to each other to transmit signals. The input information crosses the neural network (where it undergoes various operations) producing output values.

8 0
3 years ago
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