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Luba_88 [7]
3 years ago
6

51. lo.4 pam retires after 28 years of service with her employer. she is 66 years old and has contributed $42,000 to her employe

r’s qualified pension fund. she
elects to receive her retirement benefits as an annuity of $3,000 per month for the
remainder of her life.
a. assume that pam retires in june 2015 and collects six annuity payments this year. what is her gross income from the annuity payments in the first year?
b. assume that pam lives 25 years after retiring. what is her gross income from the annuity payments in the twenty-fourth year?
c. assume that pam dies after collecting 160 payments. she collected eight pay- ments in the year of her death. what are pam’s gross income and deductions from the annuity contract in the year of her death?
Business
1 answer:
UkoKoshka [18]3 years ago
8 0
There is a vital sentence that is missing in the problem. Had it been present, the amount computed would not be the same. 

Given:
28 years in service.
66 years old and has contributed 42,000 in her employer's qualified pension fund.
3,000 per month for the remainder of her life.

a) Retires June 2015 and collects six annuity payment.
3,000 x 6 months = 18,000 Gross income.

b) 3,000 x 12 months = 36,000

c) Income from annuity payments: 3,000 x 8 months = 24,000
Loss deductions: 3,000 x 4 months = 12,000

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The welding department supplies parts to the final assembly line. Management decides to implement a kanban system and has collec
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Answer:

25 containers

Explanation:

The computation of the number of kanban containers required is shown below:

= (Lead time demand + Safety stock) ÷ Container size

where,

Lead time demand is

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Container size = 400 units

Safety Stock is

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So, the number of kanban containers required is

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We simply applied the above formula

6 0
3 years ago
Who is a shareholder? A Shareholder is the partial owner of the company who purchases and owns _____ in a company.
e-lub [12.9K]

A Shareholder is the partial owner of the company who purchases and owns share of stocks in a company.

7 0
3 years ago
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Which style of interaction might seem to be the only way for couples whose backgrounds are completely irreconcilable to survive?
Andrej [43]

The style of interaction might seem to be the only way for couples whose backgrounds are completely irreconcilable to survive is obliteration style.

Some couples will try the obliteration fashion. In this situation, each partner tries to erase or obliterate their authentic cultures and create a brand new “subculture” with new beliefs, values, and behaviors.

Style of interaction for an intercultural couple in which both companions try and erase their character cultures.

Culture is a prime component that transforms passionate love into romantic love. Cultural values and traditional behaviors affect the expressions and reports of love and transfer passionate love as primarily based on a sexual attraction into romantic love as an idealized and culturally affected manner of loving.

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6 0
1 year ago
John Joos is the owner and operator of Way to Go LLC, a motivational consulting business. At the end of its accounting period, D
ivolga24 [154]

Answer:

a) December 31, 2013 Owner's equity = 508,000

b) December 31, 2014 Owner's equity = 420,000

Explanation:

Accounting Equation Formula: Owner's Equity = Assets - Liabilities  

A) Way to Go LLC December 31, 2013

Owner's Equity = Assets – Liabilities

Owner's Equity = 669,000 – 161,000

Owner's Equity = 508,000

B) Way to Go LLC  December 31, 2014

Owner's Equity = Assets – Liabilities

Owner's Equity = (669,000-127,000) – (161,000-39,000)

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6 0
3 years ago
Pam works for a corporation that recently fired three top managers who were caught using the company credit cards to lavishly fu
jeka57 [31]

Answer:

D) visibly punish unethical acts

Explanation:

Ethics is the act of knowing what ia right and doing same. That is a good ethical act.

The ethical culture practised by Pam's company is to visibly punish unethical acts. This entails punishing any unethical act appropriately before others to see it.

This approach is really good because it will make others to sit up bearing in mind that they will get same punishment without hesitation if they err.

Pam's organization firing the three managers caught using the company's resources to fund their personal lifestyle pointed towards applying visible punishment for unethical acts.

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3 years ago
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