Obtain a customer signed statement acknowledging that an annuity transaction is not recommended if a customer decides to enter into an annuity transaction that is not based on the insurance producer's or insurer's recommendation.
<h3>Who is responsible for verifying your suitability?</h3>
The insurer or third party delegate authorized pursuant to section 224.
6(c) of Regulation 187 conducts a suitability review prior to the issuance of an insurance product or the effectuation of a sales transaction; and.
The insurer has procedures designed to prevent financial exploitation and abuse.
<h3>What factors are important considerations when determining suitability of an annuity sale?</h3>
Suitability Information Gathered by an Insurer
- Age.
- Annual income.
- Financial situation and needs, including the financial resources you're using to fund the annuity.
- Financial experience.
- Financial goals and objectives.
- Intended use of the annuity.
- Financial time horizon.
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Answer:
a. 57 percent of the U.S. M1 money supply.
Answer:
Would you cut back on making repairs and keeping the building in a safe and
livable condition?
No, I would maintain the building as good as posible.
How might you keep the building in good shape and still turn a profit?
the value of the building will increase over time. Then, is a matter of patience to make a profit out of the sell of it.
Is it possible to manage the building or change it to make it both livable and profitable?
yes, What usually happens with rent control properties is that the landlords use the building for commercial or create condos use to avoid the law.
Answer:
Cost of goods sold is d. $1,600
Explanation:
The LIFO is a method used to account value for inventory. Under the method, the last item of inventory purchased is the first one sold.
1. January 1, Inventory 300 units, $5 per unit. Total $1,500
2. Purchasing:
In February, 500 units, $4 per unit. Total $2,000
In March, 200 units, $6 per unit. Total $1,200
The Xu Corporation uses a periodic inventory system and sells 300 units during the quarter.
Cost of goods sold = 200 x $6 + 100 x $4 = $1,200 + $400 = $1,600
