1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
katrin [286]
3 years ago
12

Which of the following statements is/are TRUE about a variable annuity contract?

Business
2 answers:
stepan [7]3 years ago
7 0

Answer:

The answer is: D) All of the above

Explanation:

The characteristics of a variable annuity contract are:

  1. earnings are tax deferred and reinvested
  2. they offer a Guaranteed minimum death benefit (GMDB)
  3. depending on the annuity payout option the beneficiary takes, they can provide guaranteed income for life

The beneficiary can decide between different annuity options. Annuity payments can vary depending on the account's earnings.

daser333 [38]3 years ago
6 0

Answer:

The best answer to the question: Which of the following statements is/are TRUE about a variable annuity contract, would be, D: All of the above.

Explanation:

A variable annuity contract is basically and agreement between a client and an insurance company in which the client will be able to save up part of his/her capital, and make some monetary gains from investement, as well as be able as withdraw part of that monetary gain, under the supervision and hallmarks of the insurance company and the program that has been selected. Unlike the fixed annuity, the variable allows for some more freedoms for the client, although it is also a riskier form of saving, as in the end, there may be no return from investment.

Given that, from all the statements in this question, all of them are part and parcel of what a variable annuity contract is, and therefore, instead of saying all of them are true, we choose D, which involves them all.

You might be interested in
Braam fire prevention corp. has a profit margin of 9.70 percent, total asset turnover of 1.52, and roe of 18.58 percent. what is
Novosadov [1.4K]

Braam fire prevention corp. has a profit margin of 9.70 percent, total asset turnover of 1.52, and roe of 18.58 percent. The firm's debt-equity ratio will be 0.91.

<h3>What is debt- equity ratio?</h3>

A phrase used in accounting to describe the capital structure of a company is the debt-equity ratio. This ratio is computed specifically by dividing a company's total debt by its entire equity.

<h3>monetary ratios</h3>
  • Financial ratios are measurements that analysts use to assess business performance and to compare those ratios with other companies in the same industry. They are evaluated according to the firm's financial statements.
  • The liquidity ratios, solvency ratios, profitability ratios, and market outlook ratios are the common classes into which the financial ratios can be divided. Each lesson will highlight a different aspect of the company.
  • Before performing their analysis, analysts should, however, evaluate the completeness and transparency of the provided financial statements. The financial statements could be manipulated by some internal investors for personal gain.

ROE = profit margin × asset turnover × equity multiplier

18.58% = 9.70% × 1.52 × equity multiplier

equity multiplier = 1.91

Then debt-equity ratio is calculated as:

debt-equity ratio = equity multiplier - 1

debt-equity ratio = 1.91 - 1

debt-equity ratio = 0.91

To learn more about equity ratio from given link

brainly.com/question/26354272

#SPJ4

7 0
1 year ago
On January 1, a company issued and sold a $440,000, 6%, 10-year bond payable, and received proceeds of $434,000. Interest is pay
Harlamova29_29 [7]

Answer:

The carrying value of the bonds immediately after the first interest payment is $434,300.

Explanation:

Face value of the bond = $440,000

Proceeds from bond issue = $434,000

Discount on bond payable = Face value of the bond - Proceeds from bond issue = $440,000 - $434,000 = $6,000

Total number of seminual = Number of years of bond maturity * Number of semiannual in a year = 10 * 2 = 20

Discount amortizaton per semiannual = Discount on bond payable / Total number of seminual = $6,000 / 20 = $300

Carrying value after first interest payment = Proceeds from bond issue + Discount amortizaton per semiannual = $434,000 + $300 = $434,300

Therefore, the carrying value of the bonds immediately after the first interest payment is $434,300.

3 0
3 years ago
Homestead Crafts, a distributor of handmade gifts, operates out of owner Emma Finn’s house. At the end of the current period, Em
Travka [436]

Answer: 1155

Explanation:

The solution guess thus to calculate the units in Ending Inventory:

Units of product on hand: 800 units

Add: Units in transit 180

Add: Units on consignment 200

Less: Damaged units 25

The number of units that Emma should include in her company’s period-end inventory will be:

= (800+180+200) - 25

= 1180 - 25

= 1155

3 0
3 years ago
In a command economy, how are the prices of goods and services determined?
FrozenT [24]

Answer:

C

Explanation:

Market forces and of supply and demand

8 0
4 years ago
Read 2 more answers
Jamaal has to make an important phone call. unfortunately, his cell phone is not charged so he has to use his parents' old landl
xxTIMURxx [149]

working memory is the answer

5 0
3 years ago
Other questions:
  • A machine originally had an estimated useful life of 6 years, but after 4 complete years, it was decided that the original estim
    8·1 answer
  • The three general types of media schedules are
    8·1 answer
  • Which of the following are considered in determining a fair and reasonable price in a municipal agency transaction?
    13·1 answer
  • Determine what paul will have to pay on an annual bases for his $449,000 home if his insurance company is charging him $0.41 per
    11·1 answer
  • Which of the following may occur as a result of a increase in the price of cell phones?
    15·2 answers
  • Which organization serves as the principal operations center for the department of homeland security?
    12·2 answers
  • Regional Lumber Company and Superior Builders Corporation enter into a contract for a sale of wood products. Regional, a merchan
    5·1 answer
  • On January 1, Key Corporation had 2,000,000 shares of $10 par value common stock outstanding. On March 31, the company declared
    13·1 answer
  • Laura made a down payment on a piece of land she bought. Which of the following is true because of the down payment?
    15·1 answer
  • Jeremy is the team leader of the employees planning to display the
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!