I liquidity needs
II investment time horizon
III existing assets including insurance holdings
IV intended use of the variable annuity
A. I and II only
B. III and IV only
C. I, II, III only
D. I, II, III, IV
Answer:
D. I, II, III, IV
1. liquidity needs
2. investment time horizon
3. existing assets including insurance holdings
4. intended use of the variable annuity
Explanation:
Before a registered representative gives recommendation on a variable annuity, the following actions amongst others should have been taken:
1. investment time horizon
2. liquidity needs
3. intended use of the deferred annuity
4. existing assets including life insurance
5. investment experience
6. investment objectives
8. obtain the customer's age,
9. annual income
10. financial situation and needs
Problem: Total of Leiff's online purchase
Given: $ 128 for video game
5.3% discount price of the video game
$4.75 shipping fee
15% promotion for more the $50 orders
Solution:
<span>Total = [(85% x 128 )+ (5.3% x 85% x 128) + 4.75]
</span>= 108.80 + 5.78 + 4.75
= <span>$119.32</span>
Answer:
The correct value is $9600.
Explanation:
As the complete question is not given, the complete question is attached herewith.
Since 8 vacation weeks were not taken during 2016 , Yukon's 2016 income statement should report $9,600 ( 8 * $1,200) .
Journal Entry :
Debit Credit
Salary expense $9,600
Liability – compensated future absences $9,600
( To record vacations earned but not taken)
Answer:
$100
Explanation:
Simple interest is calculated using the formula
I = P x R x T
where I = interest
P= principal amount, $1,250
R= interest rate , 8% or 0.08
T = Time, one year
The interest troy will earn is
I= $1250 x 0.08 x 1
= $100
Troy will earn $100 as interest
