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AleksAgata [21]

2 years ago

8

Nancy, age 67, plans to retire in six months. She has $200,000 in a savings account. She would like to receive lifetime monthly

income which is guaranteed. A. Fixed life annuity B. Variable annuity C. Equity-indexed annuity

1 answer:

Oliga [24]2 years ago

4 0

C. Sorry if I got it wrong have a good day

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Which of the following is a potential danger of offering common stock to investors?

murzikaleks [220]

Answer :It doesn't allow the entrepreneur to raise enough money. -A.

6 0

3 years ago

Read 2 more answers

Suppose you have $1,500 and plan to purchase a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually.

ryzh [129]

Answer:

$ 1,781.53

Explanation:

The future value of the 5-year CD can be determined by using the future value formula stated below:

FV=PV*(1+r)^n

FV is the future value which is expected future amount after 5 years

PV is the initial amount used in purchasing the CD i.e $1500

r is the rate of return on the CD on an annual basis which is 3.5%

n is the number of years the investment would last which is 5 years

FV=$1500*(1+3.5%)^5

FV=$1500*1.187686306

FV=$ 1,781.53

8 0

3 years ago

Suppose there are 1000 firms in a market and all are identical. Firm A will hire 20 workers when the wage rate is $10, 25 worker

Triss [41]

Answer:

d. the quantity demanded for the market will increase to less than 30,000 workers.

Explanation:

Missing options:

a. the quantity demanded for the market will increase to 30,000 workers.
b. the quantity demanded for the market will increase to more than 30,000 workers.
c. the quantity demanded for the market will increase, but we can't tell which of the above answers is correct.
d. the quantity demanded for the market will increase to less than 30,000 workers.

maximum total demand for labor = 30 (at $8) x 1,000 firms = 30,000 workers, but since the equilibrium rate had been $9 for many years, some workers have already been hired at $9, and it is usually very difficult to lower someone's wage once they have been working. Even thought the quantity demanded will increase, it will probably not be able to reach 30,000 workers.

6 0

3 years ago

On December 31, 2020, Ayayai Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Ayay

Fiesta28 [93]

Answer:

Ed Abbey Co. (Ayayai Co.)

Journal Entries:

1. December 31, 2020:

Debit Accounts receivable $296,600

Credit Consulting revenue $296,600

To record consulting services performed on account.

December 31, 2020:

Debit Notes receivable $296,600

Credit Accounts receivable $296,600

To record the acceptance of notes.

December 31, 2021:

Debit Interest receivable $35,592

Credit Interest revenue $35,592

To accrue interest on notes receivable.

December 31, 2022:

Debit Interest receivable $35,592

Credit Interest revenue $35,592

To accrue interest on notes receivable.

Debit Cash $367,784

Credit Notes receivable $296,600

Credit Interest receivable $35,592

To record the full settlement of principal and interests.

Explanation:

a) Data and Analysis:

December 31, 2020: Accounts receivable $296,600 Consulting revenue $296,600

December 31, 2020: Notes receivable $296,600 Accounts receivable $296,600

December 31, 2021:

Interest receivable $35,592 Interest revenue $35,592

December 31, 2022:

Interest receivable $35,592 Interest revenue $35,592

Cash $332,192 Notes receivable $296,600 Interest receivable $35,592

8 0

2 years ago

Suppose Torche Corporation has the following revenue and expenses for 2019:

OlgaM077 [116]

Answer:

The value of net income is $3,008,000

Explanation:

Income statement:

Revenues= 9,100

COGS= (2,730)

Gross profit= 6,370

Other Expenses= (600)

Sales, General, & Administrative Expenses= (910)

Depreciation Expenses= (500)

Interest Expenses= (180)

EBT= 4,180

Tax= (1,672)

Depreciation= 500

Net income= 3,008

The value of net income is $3,008,000

8 0

3 years ago