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e-lub [12.9K]
3 years ago
6

A client invests in an equity indexed annuity that has a guaranteed rate of 3% annual return, a 10% cap and 80% participation. i

n a year when the reference index increases by 15%, the invester will be credited with interate at the rate of?
Business
1 answer:
34kurt3 years ago
6 0

Answer:

10%

The investor will be credited with the interest at the rate of 10%.

Explanation:

Cap on interest rate which is going to be credited = 10%

Participation=80%

Increase in reference index = 15%

As the participation rate is 80% so the investor can credit the amount of    80%  * 0.15= 12% (15% of 80%) but as it is given in the question, the cap of 10% is put on the interest rate credited so the investor will be credited with the interest at the rate of 10%.

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drek231 [11]

Answer:

easy

Explanation:

1. address

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4. in 2 paragraph state what u want

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7 0
3 years ago
Community Manufacturing Inc. developed the following standard costs for direct material and direct labor for one of their major
hammer [34]

Answer:

Particulars               Standard                           Actual

                      Qty     Rate   Amount       Qty      Rate   Amount

Materials     2,000     26     52,000      2,200     24       52,800

Labor          1,000       14     14,000       1,050     14.75    15,487.50

Actual output                                   10,000.00    

Materials required (10000*0.20) = 2,000.00

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1. May's direct material price variance

= (SP-AP)*AQ

= (26 - 24*)2200  

= 4,400 F      

2. May's direct material quantity variance

= (SQ-AQ)*SP  

= (2,000 - 2,200)*26

= 5,200 U

3. May's direct labor cost variance

= Standard Cost - Actual Cost

= 14,000 - 15,487.50

= 1,487.50 U

4. May's direct labor rate variance

= (SR-AR)*AH  

= (14 - 14.75)*1,050

= 787.50 U

5. May's direct labor efficiency variance

= (SH-AH)*SR

= (1,000 - 1,050)*14

= 700 U

6 0
2 years ago
Explain the difference between mandatory and discretionary spending? provide an example of each kind of spending"
nataly862011 [7]
Mandatory spending is something that either has, or is strongly urged to be done. Discretionary spending is based on the spenders discretion, if the spender thinks it needs to be spent, then they would do so. Example of mandatory spending would be paying back a loan. Example of discretionary spending would be a good business investment.  Hope this helps!
5 0
3 years ago
Katherine Kocher has determined the following information about her own financial situation. Her checking account is worth $850
ludmilkaskok [199]

Answer:

$142,050 is what all of her total assets are worth. If you understand the difference between liabilities and assets theses questions are incredibly easy!

Explanation:

3 0
3 years ago
A ____ is an indicator of a quantity of an object that can be measured in some unit, such as percent, bytes sent per second, or
Lady_Fox [76]
The answer is : Counter
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