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
Sergio [31]
3 years ago
15

All of the following statements are TRUE about variable annuities EXCEPT: (A) Monies invested are professionally managed in acco

rdance with the objective of the holder. (B) Variable annuities protect the investor against capital loss. (C) The portfolio can consist of shares of other mutual funds. (D) Changes to the investment objective require a majority vote of the shareholders.
Business
1 answer:
ivanzaharov [21]3 years ago
7 0

Answer:

The correct answer is B

Explanation:

Variable annuity is the kind of the annuity contract or an agreement, the value of which could vary or changes grounded on the performance of the underlying portfolio of the mutual funds.

The annuities differ from those of the fixed annuities, which provide the guaranteed as well as particular return.

Variable annuity is both a securities as well as an insurance product. So, the annuitant assumes that the investment risk of this annuity and will not be protected against the capital losses of the insurance company.

You might be interested in
interest rate is 7% and doubling time is 10.2 years. you have invested $5,000.00. in how many years will your money $40.000.00?
LenKa [72]
A = P (1 + I)^n
40000 = 5000 (1 + 0.07)^n
(1.07)^n = 40000/5000 = 8
ln(1.07)^n = ln8
nln1.07 = ln8
n = ln8/ln1.07 = 30.7...
The best answer is closest to (d) 30.6 years.
6 0
3 years ago
Question A
krok68 [10]

Answer:

uh ok... whats the question?

Explanation:

i will help u after u tell meh.

8 0
3 years ago
Shuai is writing a report with a great deal of complicated numerical information. to clarify and simplify this information for d
AveGali [126]

She should put this into a chart or graph. This is a graphical illustration of data, in which "the data is characterized by symbols.” By organizing data, it can be more effortlessly understand what has been perceived. Subsequently, most of the data is quantitative, data tables and charts are typically used to consolidate the information. Graphs are shaped from those data tables.

6 0
3 years ago
Morgan Sondgeroth Inc. began operations in January 2018 and reported the following results for each of its 3 years of operations
stepan [7]

Answer:

Part A) Book Value = $1,080,000

Part B) Book Value = $1,050,000

Explanation:

Part 1: To compute the book value of the common stock at December 31, 2020

To do this, we consider both the preferred and common stock values as follows:

Stockholder's equity:

<u>Preferred Stock = $500,000</u>

<u>Common stock = $750,000</u>

Retained earnings: To calculate retained earnings we need to deduct dividends in arrears to prefered stock holders and then ascribe the remaining value to retained earnings.

Dividend in Arrears= 3 years @ 8% interest per year

= 500,000 x 0.08 x 3= $120,000

<u>Remaining earnings for available to common share holders </u>

= Retained earnings balance- dividend paid to prferred stock holders.

=$800,000 (net income for 2020)- $40,000 (net loss for 2019) - $260,000 (net loss for 2018)

= $800,000-$40,000-$260,000

= $500,000 - Dividend in arrears

= $500,000- $120,000

= $380,000

<u>Book Value of Stockholders' equity</u>

Common Stock equity + Balance of retained earnings

= $700,000 + $380,000

= $1,080,000

The book value per share = $1,080,000/ outstanding shares

= $1,080,000/750,000= $1.44

Part 2: To compute the book value of the common stock at December 31, 2020 Preference stock has liquidating value of $106 per share

Stockholder's equity:

<u>Preferred Stock = $500,000</u>

Preferred stock liquidating premium = (106-100) x 5000

= $6 x 5000= $30,000

<u>Common stock = $750,000</u>

Retained earnings: To calculate retained earnings we need to deduct dividends in arrears to prefered stock holders and then ascribe the remaining value to retained earnings.

Dividend in Arrears= 3 years @ 8% interest per year

= 500,000 x 0.08 x 3= $120,000

<u>Remaining earnings for available to common share holders </u>

= Retained earnings balance- net losses from previous years - dividend paid to prferred stock holders - liquadating premium to preferred stock

=$800,000 (net income for 2020)- $40,000 (net loss for 2019) - $260,000 (net loss for 2018)

= $800,000-$40,000-$260,000

= $500,000 - Dividend in arrears - liquidating

= $500,000- $120,000- $30,000

= $350,000

<u>Book Value of Stockholders' equity</u>

Common Stock equity + Balance of retained earnings

= $700,000 + $350,000

= $1,050,000

The book value per share = $1,080,000/ outstanding shares

= $1,050,000/750,000= $1.4

6 0
3 years ago
What are the different schools (beliefs) of decision making?
Sladkaya [172]
<span>The different schools (beliefs) of decision making are : 
</span>utlitarian decision making- ethical decision are primary
right decision making - everyone involved should be granted the same rights
fairness and justice decsion making - th
common good decision making -  individuals as part of a larger community.
virtue decision making - <span>honesty, generosity and knowledge are the most important parts of the decision making process</span>

4 0
3 years ago
Read 2 more answers
Other questions:
  • Good buys has current assets of $2,500,000 and current liabilities of $1,000,000. if they issue $50,000 of new stock, what will
    8·1 answer
  • Jessie is watching television and sees an advertisement for a computer. The ad provided detailed information about the computer
    10·1 answer
  • James deposits $900.00 in a savings account at Wachovia Bank. The account pays an annual
    11·2 answers
  • Boney Corporation processes sugar beets that it purchases from farmers. Sugar beets are processed in batches. A batch of sugar b
    7·1 answer
  • Bloomfield Bakers accounts for its investment in Clor Confectionary under the equity method. Bloomfield carried the Clor investm
    5·1 answer
  • Bricktan Inc. makes three products, basic, classic, and deluxe. The maximum Bricktan can sell is 75,000 units of basic, 420,000
    15·1 answer
  • Assume that the CBL is not marketable at split-off but must be planed and sized at a cost of $300,000 per production run. During
    12·1 answer
  • How is marginal analysis used
    15·1 answer
  • Every line manager is a HR Manager-explain?
    13·1 answer
  • Material requirements plus an allowance for normal inefficiencies are added together to determine the.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!