Answer:
eight
Explanation:
Starting January 1, 2005, all life agents in California must complete an eight hour annuity training program before they can start soliciting individual customers.
After the initial training program, the life agents must complete an additional four hour training program every two years in order to renew their license.
Answer:
Option C has a lower present worth, thus his cost is lower than other options after, considering time value of money <u>595,098.03</u>
Explanation:
Option A present worth <u>600,000</u>
Option B present worth of annuity-due
C $ 69,000
time 25 years
rate 0.12
<u>PV $606,117.7906 </u>
Option C
650,000 cash payment less present value of the rental space:
C $ 7,000
time 25 years
rate 0.12
PV $54,901.9738
650,000 - 54,901.97 = <u>595,098.03</u>
I'm pretty sure it's medicare tax so answer choice C
Answer:
The correct answer is b. after taxes minus preferred dividends.
Explanation:
Net profit: Add all the revenues of the firm and deduct all the expenses of the firm. If the amount come in positive, the firm earns profit else suffered loss.
In mathematically,
Net profit = Sales revenue - all expenses
The earning which is available to shareholders is net profit after paying preference dividend to preference shareholders.
As first we have to pay the dividend to preference shareholders then we distribute the income to equity shareholders.
In mathematically,
EBIT - taxes - Preferred dividend
Hence, the correct option is b. After taxes minus preferred dividends.