Answer:
The correct answer is letter "A": lump-sum payment made to a life insurance company that promises to make a series of equal payments later for some period of time.
Explanation:
An annuity is a payment made to an insurance company under the promise the insurance will make equally-distributed repayments to the policyholder at a specific period. The payments for the annuity are usually made in a lump-sum but they can be paid in small installments. When the repayments start immediately after the insured hires the policy, the insurance is called it is called an annuity due.
Answer:
Masters
Explanation:
A Bachelor's degree refers to an academic degree (certificate) awarded to a student by a tertiary institution (university or college) after the completion of his or her educational programme. Bachelor's degree is generally being referred to as first degree because it is the first certification to be acquired by an undergraduate student after the completion of his or her course of study. Mostly, a bachelor’s degree program lasts for four (4) years and in some cases it is typically for five (5) years.
The second (next) degree a graduate obtains after the acquisition of a first degree (bachelor degree) is the master's degree. The advantage of a master degree is that, it can be obtained in a different academic field such as science, engineering, education etc.
Hence, some people will obtain a bachelor’s degree with a focus in fashion design. Then to increase their skill set, they may also obtain a masters in a different degree like marketing.
The poorest 10 percent of the US population earned less than $392 per week in 2013.
Answer:
The double-declining depreciation method.
Explanation:
The double-declining is an accelerated asset depreciation method. The method seeks to recognize most of an asset depreciation in its first years of existence. It is referred to as double-declining because it uses twice the depreciation rate of the straight-line method.
The double-declining method is suitable for assets that are consumed at a high rate during the initial stages of their useful life. Organizations that prefer to incur more expenses on an asset earlier and enjoy profits later, or those wishing to defer taxes, can also use this method.
Answer and Explanation:
The computation of the predetermined overhead rate for each department is given below:
For department D
= Estimated manufacturing overhead ÷ direct labor cost
= $1,260,000 ÷ $1,800,000
= 70% of direct labor cost
For department E
= Estimated manufacturing overhead ÷ direct labor hours
= $1,625,000 ÷ 125,000
= $13 per direct labor hours
For department K
= Estimated manufacturing overhead ÷ machine hours
= $960,000 ÷ 120,000
= $8 per machine hours