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
zzz [600]
3 years ago
12

Tom elects the Life Income with 10-year Period Certain settlement option. Tom dies in year 6. The beneficiary receives payments

for _______.
A. Life
B. 4 years
C. 10 years
D. 6 years
Business
1 answer:
Trava [24]3 years ago
5 0

Answer:

B. 4 years

Explanation:

Based on the information given about Tom in which we were been told that he elects the Life Income with a 10 year settlement option in which Tom dies in year 6, this means that

the beneficiary receives payments for 4 years calculater as:

Life Income 10 year Period- The year it took Tom to die which is year 6 which will eventually give us 4 years.

Therefore beneficiary receives payments for 4 years.

You might be interested in
Problems and Applications Q2 Your aunt is thinking about opening a hardware store. She estimates that it would cost $500,000 per
kari74 [83]

Answer:

$550,000

Explanation:

Based on the information given the OPPORTUNITY COST OF RUNNING THE HARDWARE STORE will be $550,000 ($500,000+$50,000), which include the amount of $500,000 which is the cost of renting the store as well as to the cost to buy the stock while the $50,000 is her salary as an Accountant, reason been that she would QUIT HER JOB as an accountant in order for her to run the store.

Therefore the OPPORTUNITY COST will be $550,000

3 0
2 years ago
Until 1996, U.S. carmakers sent very few right-hand-drive cars to Japan while German carmakers exported several models with the
Alona [7]

Answer:

not satisfying customer needs on critical factors.

Explanation:

In this scenario American companies were supplying more of left hand side cars to Japan. When Japan needed more of the right hand side cars. They ignored the customer needs and instead gave him what he has little use for.

On the other hand Germany supplied Japan the specification of cars that they wanted.

American car manufacturers will be blamed for not satisfying customer needs on critical factor of right hand drive cars.

7 0
3 years ago
Smiling Elephant, Inc., has an issue of preferred stock outstanding that pays a $6.40 dividend every year, in perpetuity. If thi
Alina [70]

Answer:

7.92%

Explanation:

7 0
3 years ago
Consider a family who borrows $250,000 to purchase a new home at a fixed interest rate of 8.5%. If inflation increases from 4% t
vitfil [10]

The home loan must be repaid at a real interest rate of 3%; (8.5%-5.5%=3%).

<h3>Real interest rate </h3>

A real interest rate is adjusted to remove the effects of inflation and gives the real rate of a bond or loan. A nominal interest rate refers to the interest rate before taking inflation into account.

Learn more about real interest rate here:

brainly.com/question/13324776

#SPJ4

3 0
2 years ago
Match each type of adjusting entry with its definition.
NeTakaya

Answer and Explanation:

The matching is as follows:

1. Deferred revenue - the cash would be received in the present period and the same would be reported as a revenue for the future period

2. Accrued expense - It would be recorded as an expense for a present period but the cash would be paid in the future

3. Prepaid expense - The cash is paid or the obligation is to the pay the cash in the present period but the expense would be recorded in the future period

4. Accrued revenue - the revenue is recorded in the present period but the cash would be collected in a future period

8 0
2 years ago
Other questions:
  • Hofstede studied how culture influences consumer behavior. When a Japanese company decides that it will be willing to lose money
    11·1 answer
  • Suppose the economy is operating at an output of $4,000 billion. Assume furthermore that potential output is $5,000 billion and
    15·1 answer
  • How can a poor housing market put home buyers in a financially unstable position?
    12·2 answers
  • Locking a cell so that others cannot alter its contents is known as _____.
    5·1 answer
  • 1. Wylie has been offered the choice of receiving $5,000 today or an agreed-upon amount in 1 year. While negotiating the future
    14·1 answer
  • Finn Manufacturing Company uses a job order cost accounting system and keeps perpetual inventory records. June 1 Purchased raw m
    6·1 answer
  • Suppose the supply function for x units of a product at a price of p dollars is given by p=10+5ln(3x+1). How many units of this
    8·1 answer
  • Exercise 14-01 Justin Bleeber has prepared the following list of statements about managerial accounting, financial accounting, a
    11·1 answer
  • Price rises from $10 to $11, and the quantity demanded falls from 100 units to 95 units. What is the price elasticity of demand
    5·1 answer
  • Suppose Americans buy inputs from foreigners. When the price of foreign inputs falls, the U.S. SRAS curve __________, which tend
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!