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
elena-s [515]
3 years ago
12

An individual has been making periodic premium payments on an annuity. The annuity income payments are scheduled to begin after

1 year since the annuity was purchased. What type of annuity is it
Business
1 answer:
3241004551 [841]3 years ago
5 0

Answer: Deferred

Explanation:

The deffered is one of the type of annuity that helps in making the various types of insurance related contracts for the purpose of long time savings.

A deferred annuity is one of the type of contract where they pay some amount of their profit to the owner on the regular basis and it also used by various types of investors for profit purpose.

According to the question, the deffered annuity is making the various types of periodic payments that helps in scheduling the annuity after one year. Therefore, Deferred is the correct answer.

You might be interested in
HURRY HURRY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NNADVOKAT [17]
I think maybe A, hope it helps!
5 0
3 years ago
Read 2 more answers
In 2021, its first year of operations, Kimble Corp. has a $900,000 net operating loss when the tax rate is 20%. In 2022, Kimble
Helen [10]

Answer and Explanation:

Kimble Corp entries in 2021 to record the tax effects of the loss carryforward

a)Dr Deferred Tax Asset ($900,000 × 20%) 180,000

Cr Benefit Due to Loss Carryforward $180,000

Dr Benefit Due to Loss Carryforward $180,000

Cr Allowance to Reduce Deferred Tax Asset to Expected Realizable Value $180,000

(b)

Dr Income Tax Expense ($250,000 × 20%) $50,000

Cr Deferred Tax Asset $50,000

Dr Allowance to Reduce Deferred Tax Asset to Expected Realizable value $50,000

Cr Benefit Due to Loss Carryforward $50,000

5 0
3 years ago
An appliance store carries a specialty model of microwave ovens. The demand for the microwave oven is relatively constant at 250
mamaluj [8]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

8 0
3 years ago
Do you believe that the world has changed for the better, or for the worse?
taurus [48]
I think both, my reasons are, first, we have more technology and better transportation that will help us, like the technology to take and give to others, and the cars and trains ect. to help us to get from one place to another a bit quicker. Also i think worse because of the green house causes, the  cars,oil,and other things we use in our everyday life is slowly ruining the planet, ecosystem ect. there are downsides and upsides to both. 
5 0
3 years ago
In 2000 Jenson Inc. issued bonds with an 8 percent coupon rate and a $1,000 face value. The bonds mature on March 1, 2025. If an
Vanyuwa [196]

Answer:

Yield to maturity is 6.6%

Explanation:

Yield to maturity is the annual rate of return that an investor receives if a bond bond is held until the maturity.

Face value = F = $1,000

Assuming Coupon payments are made annually

Coupon payment = $1,000 x 8% = $80

Selling price = P = $1,100

Number of payment = n = 13 years

Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]

Yield to maturity = [ $80 + ( 1000 - 1100 ) / 13 ] / [ (1,000 + 1100 ) / 2 ]

Yield to maturity = [ $80 - 7.7 ] / 1100 = $72.3 /1100 = 0.066 = 6.6%

5 0
3 years ago
Other questions:
  • Which step of selling includes cold-calling?
    10·2 answers
  • What are the three benefits of networking when searching for a job
    11·2 answers
  • What kinds of decisions should members of congress be willing to anger their party leadership over? on what kinds of issues or d
    9·1 answer
  • Farm Fresh, a supermarket in Oregon, was criticized by the community for its use of plastic bags. In view of the concerns raised
    9·1 answer
  • ) Which protections exist under the Servicemembers Civil Relief Act? Check all that apply.
    6·1 answer
  • The Gasson Company uses the weighted-average method in its process costing system. The company's ending work in process inventor
    15·1 answer
  • HELPPP ILL MARK BRAINLIEST!!!!
    13·2 answers
  • A relevant cost ______. Multiple select question. differs between alternatives is always an opportunity cost pertains to the fut
    5·1 answer
  • _______ is a hybrid ADR in which both parties first submit to mediation for a set period of time (perhaps two business days). If
    8·1 answer
  • gemma corporation sells a single product for $40 per unit. last year, the company's sales revenue was $2,950,000 and its net ope
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!