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3 years ago

If an annuity is purchased in December and monthly benefits begin in January of the following year, what type of annuity is it?

Business

1 answer:

cestrela7 [59]3 years ago

8 0

Answer:

Option D

Explanation:

A single premium immediate annuity relates to the insurance company arrangement whereby one really pay them a large sum of money right up front (widely referred to as a premium price) and so on. The company promise to regularly (monthly, for example) give you a specific amount of benefits for the remaining of one's lifetime.

Income payments both for instant annuities are made on the basis of non-taxed main yields and earnings payouts that are taxed at levels of income tax instead of levels of capital gain.

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4 years ago

If a customer is reluctant to try a new product because she’s afraid of what her friends might think, the company is most likely

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3 years ago

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2 years ago

The company started when it acquired $38,000 cash by issuing common stock. Purchased a new cooktop that cost $14,200 cash. Earne

Bad White [126]

Answer:

Horizontal Statements Model

Balance Sheet Income Statement Statement of

Assets = Liabilities + Equity Revenue - Expenses = Profit Cash Flows

1. +$38,000)= 0 + $38,000 FA

2. +$14,200-$14,200 = L + E IA

3. +$23,400 = L + E +$23,400 - $23,400 OA

4. -$12,500 = L + E - $12,500 -12,500 OA

5. -$2,140 = L + E - $2,140 - 2,140 None

Total $46,760 = Liabilities + $38,000 + $8,760

Where A = assets

L = Liabilities

E = Equity

Explanation:

a) Data and Analysis:

Cash $38,000 Common stock $38,000

Cooktop $14,200 Cash $14,200

Cash $23,400 Sales revenue.

Cash $12,500 Salaries expense $12,500

Depreciation $2,140 ($14,200 - $3,500)/5

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3 years ago