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2 years ago

How frequently is the value of insurers variable sub accounts normally calculated

Business

1 answer:

Dennis_Churaev [7]2 years ago

8 0

Answer:

Everyday because the ever-increasing complexity of our securities laws has led to a great deal of confusion among investors over the differences between mutual funds and variable annuity sub-accounts.

Explanation:

That's the answer.

You might be interested in

The financial statements of Gervais Manufacturing Company report net sales of $500,000 and accounts receivable of $80,000 and $4

marissa [1.9K]

Answer:

The answer is: 44 days

Explanation:

First we have to calculate accounts receivable turnover for Gervais Manufacturing:

= $500,000 / [($80,000 + $40,000) / 2] = $500,000 / $60,000 = 8.33 times

Then to calculate the average collection period for accounts receivable we:

= 365 days / 8.33 = 43.8 days ≈ 44 days

8 0

3 years ago

Balance sheet Current assets Current liabilities Summary of significant accounting policies Subsequent events Unqualified opinio

IgorC [24]

Answer:

a. Scope limitation or a departure from GAAP = Qualified Opinion

b. An organized array of assets, liabilities, and equity = Balance Sheet

c. The statements are presented fairly in conformity with GAAP = Unqualified Opinion

d. Items expected to be converted to cash or consumed within one year or the operating cycle whichever is longer = Current assets

e. Will be satisfied through the use of current assets = Current Liabilities

f. Occurs after the fiscal year-end but before the statements are issued. = Subsequent Events

g. Important to a user in comparing financial information across companies. = Summary of Significant Accounting Policies

h. Lacks physical substance = Intangible Asset

Explanation:

a. If there is any difference in presentation or preparation of financial statements, not in conformity with GAAP then , it will get qualified opinion.

b. Balance sheet states the balance of assets, stockholder's equity and liabilities on a particular day.

c. Unqualified opinion means a opinion by auditor which states that financial statements are true and fair.

d. Current assets are short term generally for a period less than a year, or operating cycle period, and will be converted into cash within that period.

e. Current liabilities will be settled through current assets.

f. Subsequent events are those which are held after balance sheet date, but before preparation of financial statements.

g. Summary of significant accounting policies is required to interpret the financial results and for clear understanding.

h. An intangible asset is the one which can not be touched but, is a mere certificate, or license or anything like that, as will increase assets but could not be seen.

3 0

3 years ago

Josh purchased 100 shares of XOM for $76.63 per share at the beginning of 2007. He received dividends per share of $1.37 (2007),

never [62]

Answer:

The IRR is 4.08%

Explanation:

In calculating the internal rate of return in excel,the cash outflow of $76.63 is shown in year 0 with a negative sign to indicate that it is the initial investment on the share, followed by dividends in received in later years shown as positive figures ,however in the fifth the dividend received and the cash received from disposing of the share were added together to show total cash inflow in the last year.

The computation of IRR is shown below

IRR for the share purchase

Years Cash flow

0 -76.63

1 1.37

2 1.55

3 1.66

4 1.74

5 86.61

IRR 4.08%

Find attached for detailed computation.

Download xlsx

4 0

3 years ago

The federal deposit insurance corporation (fdic) insures each depositor at a commercial bank, savings and loan association, or m

Salsk061 [2.6K]

The amount the FDIC insures is $250,000

4 0

4 years ago

Delaware Company incurred the following research and development costs during 2021: Salaries and wages for lab research $ 400,00

Temka [501]

Answer:

Total R&D Expense = 1040000 USD to be reported in 2021 income statement.

Explanation:

First of all, let me arrange this data in a quite presentable way to facilitate you.

1. Salaries and wages for lab research = 400,000 USD

2. Materials Used in R&D projects = 200,000 USD

3. Purchase of equipment = 900,000 USD

4. Fees paid to third parties for R&D projects = 320,000 USD

5. Patent filing and legal costs for a developed product = 65,000 USD

6. Salaries, wages, and supplies for R&D work performed for another company under a contract = 350,000 USD

Total Cost = 2,235,000 USD

Note: Depreciation for 2021 is 120,000 USD.

Now, we have to list out different costs included in Research and Development Expenses to be included in the income statement.

<em>For R&D expenses, we need to look for costs that are directly related to R&D and add up those costs to calculate the R&D Expense that Delaware should report in its 2021 income statement. </em>

Following cost components will be added together for the Research and Development Expenses:

1. Depreciation For 2021 = 120,000 USD

2. Materials Used in R&D projects = 200,000 USD

3. Fees paid to third parties for R&D projects = 320,000 USD

4. Salaries and wages for lab research = 400,000 USD

Total R&D Expense = 120,000 + 200,000 + 320,000 USD + 400,000 USD

Total R&D Expense = 1040000 USD to be reported in 2021 income statement.

7 0

3 years ago