A company receives a utility bill for operations in may. the company does not expect to pay the bill until June. this scenario is an example of an accrued expense.
What is an accrued expense?In accounting, the accrued expense can be defined as the expense that is known to have happened or be recognized in the accounting books before it was paid.
These are the liabilities that have not yet being logged under the accounts payable. Hence we can say that if a company receives a utility bill for operations in may. the company does not expect to pay the bill until June. this scenario is an example of an accrued expense.
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Suppose that a firm is facing an upward-sloping yield curve and needs to borrow money to invest in production. Does this mean that the firm should consider borrowing only at short-term rates?.
No, the company must take into consideration the volatility of short-term rates.
An important indicator of the direction of future short-term interest rates is the yield curve's slope; a curve that slopes upward typically suggests that the financial markets anticipate higher rates in the future, while a curve that slopes downward typically reflects lower expectations.
The rates at which short-term loans are made between financial institutions or the rates at which short-term government paper is issued or traded on the market are known as short-term interest rates. The average daily rates expressed as a percentage, make up most short-term interest rates.
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When choosing which bidder wins the award of a new competitive bid municipal issue, the deciding factor is the:_______
a. coupon rate
b. net interest cost
c. premium
d. reoffering scale
The correct answer is net interest cost.
Competitive bidding is a formal method for determining what the applicants need and formally requesting it so that possible service providers may assess it and make bids for it.
What is underwriting a competitive bid?Bidding wars or a sale reached through negotiations. In a competitive underwriting, a new bond issuance is sold at public auction to the underwriter or syndicate of underwriters who make the best offer based on predefined criteria, often the lowest net interest cost (NIC).
What kinds of competitive bids exist?The Request for Quotation (RFQ), Request for Proposal (RFP), and Request for Qualifications (RQFL) are the three formal competitive bidding procedures that have been shown to be the most successful.
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How much would $1, growing at 3.5% per year, be worth after 75 years? a. $15.28 b. $13.20.c. $13.20d. $13.86
The correct option is (B,C) both, i.e.. $13.20
We can calculate the present value (PV) = 1$ , rate of interest (I) = 35% or 0.035 and time period(n) = 75years.
Now we calculate, the future value of the investment by the formula,
Future value = PV(1+r)ⁿ
= 1(1+0.035)⁷⁵
= 13.20$.
So, the future value of the 1$ investment after 75 years at the rate of 35% is 13.20$.
The value of an asset at a future date is its future value. It is the present value multiplied by the accumulation function, and it represents the nominal amount of money that a particular amount of money will be worth at a given point in the future under the assumption of a specific interest rate.
An investment is an asset which can generate income in a particular time period is known as investment. When a person invests in a good, they do not intend to utilise it as a source of immediate consumption, but rather as a tool for future wealth creation.
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What does the phrase ""no taxation without representation"" mean? is it still relevant today?.
the required details "taxation without representation is mentioned below
DEFINITION
The phrase "taxation without representation" refers to being forced by a government to pay a tax without having a vote in its decisions, such as through an elected representative. The Stamp Act, which obliged colonies in what would become the United States to pay duties on printed literature, was approved by the British Parliament in 1765. The issue was that the colonists were denied the ability to choose their Parliamentary representatives. Taxation without representation was one of the colonists' first anti-British catchphrases. Additionally, they started to oppose arbitrary taxes, as seen in the Boston Tea Party.
The expression "taxation without representation" refers to the circumstance of being subject to taxes levied by a government without being included in the decision-making process.
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If there is only consumption spending, the equilibrium level of real gdp is found at the:_________
If there is only consumption spending, the equilibrium level of real GDP is found at the intersection of the consumption schedule and the equilibrium line.
What's the schedule for consumption?
The consumption function, also known as a consumption schedule, is the link between CONSUMPTION EXPENDITURE and the level of NATIONAL INCOME or DISPOSABLE INCOME.
A stable or balanced economic system is referred to as an equilibrium in the study of economics. Economists use the phrase equilibrium, which is a situation in which supply and demand are equal, to describe the economy.
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When quantity supplied exceeds quantity demanded, a _____ occurs, putting _____ pressure on the price
When quantity supplied exceeds quantity demanded, a surplus occurs, putting a downward pressure on the price.
What is a surplus?Equilibrium price is the price at which quantity demanded is equal to quantity supplied. When market price is greater than equilibrium price, suppliers would increase the quantity supplied while consumers would reduce the quantity demanded. This would lead to an excess of quantity supplied over quantity demanded. The result is a surplus.
Due to the excess of quantity supplied over quantity demanded, prices would begin to fall until the equilibrium price is reached. At equilibrium, quantity supplied is equal to the quantity demanded. On a graph, surplus is the area above the equilibrium point.
When price is below equilibrium price, the quantity demanded would exceed the quantity supplied. This would lead to a scarcity. When there is a scarcity, prices would rise until the equilibrium price is reached. When equilibrium in reached, the quantity supplied would be equal to the quantity demanded.
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Mary kay owns a nursery. the trucks, handcarts, and forklift she purchased for the business are called __________ investments.
The trucks, handcarts, and forklift that Mary Kay bought for the company are classified as capital investments.
A company makes a capital investment when it buys tangible assets to utilize in achieving its long-term goals and objectives. Among the assets that are bought as capital investments are real estate, factories, and equipment. The funding used may originate from a variety of sources, including venture capital deals and conventional bank loans. A startup business may look for financing from a variety of sources, such as venture capital firms, angel investors, or conventional banking institutions. A new business is receiving substantial capital investment from numerous investors when it goes public.
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When the product or service related to an unearned revenue is delivered, the earned portion of the unearned revenue is transferred to a _____ account.
When the product or service related to an unearned revenue is delivered, the earned portion of the unearned revenue is transferred to a revenue account.
What is a revenue account?A revenue account can be described as the account that has credit balance, this usually encompass all the revenue receipts which is been regarded as the current receipts of the government.
It should be noted that the receipts include tax revenues as well as other revenues of the government, hence When the product or service related to an unearned revenue is delivered, the earned portion of the unearned revenue is transferred to a revenue account.
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The return on assets for your small business was 11.2% last year and 12.6% this year. your return on assets:____
The return on assets for your small business was 11.2% last year and 12.6% this year. your return on assets: improved.
What is return on assets?Return on assets can be defined as a percentage or ratio that help to show how well a company is doing as to whether they are making profit or making loss from their assets.
Return on assets calculated using this formula
Return on assets =Net income/Total assets
Since the return on assets for the business was previously 11.2% in which this year it was 12.6% this means that the business is profitable and has improved due to the increase in percentage which is 1.4% (12.6%-11.2%).
Therefore the return on assets for your small business was 11.2% last year and 12.6% this year. your return on assets: improved.
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Kroger grocery stores have an in-house brand for many products, including butter, ice cream, salad dressing, and cheese,. this is an example of:______.
Kroger grocery stores have an in-house brand for many products, including butter, ice cream, salad dressing, and cheese,. this is an example of: A line filling Strategy
What is meant by line filling strategy?Line-filling tactics entail adding more goods to an existing product line in order to capitalize on market inefficiencies and lessen competition. Many companies use line filling to complete an already comprehensive product line and to boost the commercial success of new, closely related products.
the act of expanding a product line with new items to make it more comprehensive: Having a full line requires having everything from a calls-only phone to a smart phone that can compete with a netbook in terms of performance.
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In a scenario where we expect a shift in both supply and demand, if the demand for a product increases, the price will always increase. True or false?.
The problem is a false statement, if the demand for a product increases, the price will always increase.
What is shift in both supply and demand?
Demand and supply curves may shift to the left or the right. If the quantity of a product is required grows, it is likely that the price of that product will fall, shifting the demand curve to the right. The quantity supplied will decline as prices fall, shifting the supply curve to the left.
The shifts in both the supply and demand curves are roughly equal when the increase in demand is equal to the reduction in supply. In reality, the equilibrium quantity stays constant while the equilibrium price increases.
Therefore,
In a scenario where we expect a shift in both supply and demand, if the demand for a product increases, the price will always increase. True or false?
The problem is a false statement.
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In its simplest form, ___________ represents streams of raw facts with limited usefulness until organized.
In its simplest form, Data represents streams of raw facts with limited usefulness until organized.
What is the data in the examination description?
Research data is any knowledge that has been collected, observed, generated, or finished to validate original research findings. Although usually digital, analysis data also includes non-digital designs such as laboratory notebooks and diaries.
Why is data so essential?
Data allows organizations to more actually determine the cause of problems. Data allows communities to visualize relationships between what is occurring in different locations, divisions, and systems.
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Ada inc. stopped its production of oral care goods after determining apparel production to be its new primary objective. this is a direct result of the _____ planning process at ada inc.
As a direct result of the strategic planning process at ADA inc. They stopped its production of oral care goods after determining apparel production to be its new primary objective. In general, strategic planning is a planning process that applies in the organization in order to understand the goals, directions, and decisions to get good results and according to targets. Usually this strategic plan has the goal of managing or managing all resources in the organization or company as well as possible to get the desired results.
Strategic planning is considered as the main thing in business growth if you want to be successful. The preparation of strategic plans makes the company always ready to face challenges and changes. Not only that, businesses can also seize the opportunities that exist as best they can. The strategic plan itself is a document used to communicate with the organization and its objectives. All strategic plans made in the strategic plan must include an action plan that is able to realize these goals by considering other important business aspects.
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when local government relationships are critical to the success of international operations, the best organizational structure for a firm would be .
when local government relationships are critical to the success of international operations, the best organizational structure for a firm would be geographic regions.
A geographical organizational structure organizes people within an organization by geographic location.
This structure creates specific divisions for each location. Each division acts as if it is its own company, combining different types of personnel for various business functions.
Therefore, when local government relationships are critical to the success of international operations, they need a geographical organizational structure.
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A firm has an inventory period of 94.2 days, an accounts payable period of 40.4 days, and an accounts receivable turnover rate of 17.6. what is the length of the cash cycle?
The length of the cash conversion cycle is 74.54 days.
Given here, the accounts receivable turnover rate is 17.6.
First , we have to calculate the Days sales outstanding with the formula Days sales outstanding(DSO) = 365/Account receivable turnover
= 365/17.6
= 20.74days.
Now we have to calculate the cash conversion cycle, with the formula Cash conversion cycle= DSO + DIO - DPO (DSO=Days sales outstanding, DIO = days inventory outstanding, DPO= days payables outstanding) .
= 20.74+94.2-40.4
Cash conversion cycle = 74.54 Days.
The period (in days) it takes for a business to convert its investments in inventory and other resources into cash flows from sales is known as the cash conversion cycle (CCC). Cash Cycle, aims to quantify the length of time that each net input dollar spends in the production and sales cycle before it is turned into received cash. The CCC is one of a number of quantitative metrics that are used to assess how effectively a company's operations and management are conducted.
Rising CCC numbers should prompt more research and analysis based on other criteria, whereas declining or stable CCC values over several periods are a healthy sign. Keep in mind that the CCC only applies to certain industries that depend on inventory management and related activities.
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_____ are recorded in the period that goods and services are provided to customers and _____ are recorded in the period that costs are incurred while providing those goods and services.
Revenues are recorded in the period that goods and services are provided to customers and expenses are recorded in the period that costs are incurred while providing those goods and services. Hence, the answers are revenues and expenses respectively.
What are expenses?An expense is an item requiring an outflow of money, or any form of fortune in general, to another person or group as payment for an item, service, or other category of costs.
Therefore, the correct answers is as given above
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The united nations was established by _____ countries committed to preserving peace through economic cooperation and trade support.
The World Trade Organization (WTO) is a global organization with 164 members that regulates international trade. All significant trading economies are now included in the WTO as of Russia's entry in August 2012.
What goals are shared by the WTO and the IMF?A global institution with 190 member nations, the International Monetary Fund (IMF) aims to maintain the stability of the global financial and monetary system. The IMF's mandate includes assisting the growth of international trade in a balanced way, encouraging exchange rate stability, and giving nations the chance to resolve their balance of payments issues in an orderly fashion. In 1945, the IMF was created.
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What type of forecast should be used for strategy, sourcing and location decisions?
Strategic type of forecast should be used for strategy, sourcing and location decisions.
What exactly does the term "strategy" mean?A strategy is a plan of action for achieving targeted short-, medium-, and long-term goals. Business strategy typically fall into one of three categories. The business strategy outlines the company's long-term objectives. The business plan, the second kind of strategy, provides the strategic objectives for a company unit. The strategic objectives of the functional strategy are to further the development of the functional area and to meet the business objectives.
Setting goals helps firms decide on a company's future course. A solid strategy is always the result of a careful examination of the company's position in the market. This is where a company's advantages and dangers, as well as its strengths and weaknesses, are incorporated (SWOT analysis).
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Read the excerpt from the crab that played with the sea. " before the high and far-off times, o my best beloved, came the time of the very beginnings; and that was in the days when the eldest magician was getting things ready. First he got the earth ready; then he got the sea ready; and then he told all the animals that they could come out and play. And the animals said, ‘o eldest magician, what shall we play at?’ and he said, ‘i will show you. He took the elephantâ€"all-the-elephant-there-wasâ€"and said, ‘play at being an elephant,’ and all-the-elephant-there-was played. He took the beaverâ€"all-the-beaver-there-wasâ€"and said, ‘play at being a beaver,’ and all-the beaver-there-was played. He took the cowâ€"all-the-cow-there-wasâ€"and said, ‘play at being a cow,’ and all-the-cow-there-was played. He took the turtleâ€"all-the-turtle-there-wasâ€"and said, ‘play at being a turtle,’ and all-the-turtle-there-was played. One by one he took all the beasts and birds and fishes and told them what to play at. Based on the details in the excerpt, what is its primary purpose? to inform to describe to persuade to entertain.
This excerpt's main objective is to entertain.
In Rudyard Kipling's endearing tale "The Crab That Played with the Sea," a rebellious crab causes issues. The narrative portrays the universe's maker as a magician.
This passage is from the said story. A literary work's primary goal is often to entertain its audience. To put it another way, a fiction writer always strives to tell a good story that will keep the reader interested.
A writer may write for purposes other than amusement, such as persuasion; however, this was not Kipling's intent when he wrote "The Crab That Played with the Sea," which was primarily designed for the enjoyment of young readers.
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The difference between the entries to record depreciation on office equipment and depreciation on factory equipment is that one?
The difference between the entries to record depreciation on office equipment and depreciation on factory equipment is that one: debits Depreciation expense, while the other debits MOH
What is difference between depreciation of office equipment and factory equipment?
It should be noted that factory equipment is asset that is used in the factory, which means that its depreciation should be shown under the manufacturing overhead(MOH) even though does not reflect directly in the goods manufactured, needs to be incurred to in course of manufacturing.
However, for the depreciation on office equipment which is an administrative asset, the accumulated depreciation on office equipment is credited(a contra account in the balance sheet) such that the depreciation expense is debited in the income statement, in essence, one relates to production and the other to administration.
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What is the present value of the following set of cash flows discounted at 10 per year?
The present value of the following set of cash flows discounted at 10 per year $104.18
What are the 3 kinds of cash flows?
There are three cash flow types that organizations should track and analyze to resolve the liquidity and solvency of the business: cash flow from operating movements, cash flow from investing activities, and cash flow from financing activities. All three are included on a company's cash flow statement.
What are cash flows illustrations?
Cash and cash matches include currency, petty cash, bank accounts, and other highly liquid, short-term assets. Examples of cash matches include saleable paper, Treasury bills, and short-term state bonds with adulthood of three months or less.
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Of the following types, the last objectives that a firm should specify are its ________ objectives.
a) promotion
b) company
c) marketing
Of the following types, the last objectives that a firm should specify are its Advertising objectives.
What are the Objectives of firm?Firms are legal entities that work to offer goods and/or services to their customers, government agencies, and other enterprises.
Profit in economics refers to the returns that exceed the opportunity cost. It is also known as the pure profits.
Most businesses' primary goal is to maximize profits. They can reinvest it, increase dividends, reward entrepreneurship, and so forth.
When the marginal cost equals the marginal revenue, profit maximization occurs. When the average cost equals the average income, which is also breakeven, the goal of sales maximization is attained.
When the marginal revenue is equal to zero, revenue maximization happens. The notion of satisficing refers to forsaking earnings in order to please as many essential stakeholders as feasible.
The separation of ownership and control is also known as the Principal-Agent issue.
Complete Question :-Of the following, the last objectives that a firm should specify are its _______ objectives .A) marketing objectives.B) promotion objectives.C) company objectives.D) advertising objectives.E) price objectives.
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What is the present value of an ordinary annuity of $500 a year for 6 years assuming an interest rate of 9%?.
PV = $2,242.96
The present value of an ordinary annuity of $500 a year for 6 years assuming an interest rate of 9% is $2,242.96
What is the interest rate?The fee that a lender assesses on a borrower is known as the interest rate, which is expressed as a percentage of the principal, or the loaned amount. Usually, the annual percentage rate (APR), which is how loans' interest rates are expressed, is noted (APR).
In its simplest form, interest is a charge imposed on the borrower for using a resource. Assets that have been lent include cash, goods, vehicles, and real estate. It is possible to think of higher interest rates as the "cost of money" because they make borrowing the same amount of money more expensive.
The majority of lending and borrowing transactions, therefore, involve interest rates. People take out loans to buy homes, finance initiatives, start or fund businesses, or cover college tuition. Businesses obtain loans to finance capital projects and grow their operations by acquiring long-term and fixed assets like real estate, buildings, and equipment. The repayment of borrowed funds can be made in one lump sum by a specific date or over the course of several payments.
Thus, $2,242.96 is the present value.
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(1) An american who perfectly matches the statistical average receives additional income amounting to $5,000. she spends $4,500 of it. what must be her marginal propensity to save? (2) Based on the information in part (a), calculate the tax multiplier in this economy. (3) Which component of aggregate demand will be most directly impacted by a change in the income tax rates? explain. (4) Assume the government increases the income tax revenues by $100 billion. based on the information in part (a), what will be the total possible change in aggregate demand, ceteris paribus? (5) Assume the government increases government spending by $200 billion. based on the information in part (a) What will be the total possible change in aggregate demand, ceteris paribus? (6) What is the autonomous spending in the scenario from part (e)? (7) Assuming all impacts were explained directly through the multipliers, and based on the information from part (b), what would be the change in gdp that would result from the government decreasing spending by $18 billion at the same time that it decreases corporate taxes by $20 billion?
According to the information provided, the Marginal Propensity to Save (MPS) of the American is given as 0.1
(a)As we know, Marginal propensity to save=change in savings/change in income. Here,
change in savings=$500Change in income=$5000So, Marginal propensity to save
(MPS)=500/5000MPS =0.1(b) Tax Multiplier=MPC/(1-MPC)
MPC=1-MPS
=1-0.1
=0.9
Tax multiplier=0.9/0.1 =9
So, Tax Multiplier=9
(c) Given,the government increases the income tax revenues by $100 billion.As we know when government increases the income tax revenues,it affects the households disposable income.
An increase in tax, decreases the disposable income and the consumer spends less and the aggregate demand becomes less.The total possible change in aggregate demand is:
Change in aggregate demand(y)/change in tax(t)=MPC/MPS
y/100=0.9/0.1
y/100=9
$900
Change in aggregate demand=$900
(d) The govemment increases government spending by $200.Aggregate demand increases by $200 billion multiplied by the government expenditure multiplier by the following steps.
The total possible change in aggregate demand:
=>change in aggregate demand (y)/change in government spending (g)=1/MPS
y/200=1/0.1
y=(1/0.1)×200
y=10 ×200
y=$2000
change in aggregate demand=$2000.
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Suppose the inverse demand function is:p = 12 - 4q, and cost is given by c(q) = 4q.the profit-maximizing price equals $_________
Suppose the inverse demand function is:p = 12 - 4q, and cost is given by c(q) = 4q.the profit-maximizing price equals $ Given, c(Q) = 4Q MC (Marginal Cost) = c(Q) / Q => MC = 4 P = 12 - 4Q TR.
Is price the inverse of demand?The price is a function of the quantity required when the demand curve is inverse. In other words, the inverse of a demand curve, changes in the quantity required cause variations in price levels.
In each nation, at what price does the monopoly sell its product if resale is not possible?By operating where its marginal income for each country equals the company's marginal cost, the price-discriminating monopoly maximizes its profit. Therefore, MRUS = MC = MRJ, which means that the marginal revenues for the two nations are equal.
How are QD and Qs calculated?The quantity demanded and the quantity delivered are equal (Qs = Qd). The market is open. If the market price (P) is greater than $6, for instance, P=8, Qs=30, and Qd=10 (where Qd = Qs). The market is unclear since there are extra supplies because Qs exceeds Qd.
Describe the demand function with an example?As an illustration, consider the demand equation Qd = f(P; Prg, Y), where Qd denotes the quantity of a good wanted, P denotes the good's price, Prg denotes the price of a related good, and Y denotes income. The function on the right side of the equation is referred to as the demand function.
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In practice accountants record information directly into financial statements. This statement is.
The assertion is untrue. In reality, the accountants do not really enter data right away into the financial statements. Thus, the answer is FALSE.
Information is not directly or straightforwardly preserved in the financial statements by the accountants; rather, it is basically maintained in accounts first, from which financial statements are prepared using the data.
There are other intermediary processes in the record-keeping or bookkeeping processes. Also, keep in mind, too, that there are three (3) kinds of financial statements:
income statementbalance sheetcash flowDespite the fact that they are all distinct statements, they must all be related. The income statement's revenues and expenses, which determine the company's earnings or losses, must also be influenced by changes in the balance sheet's assets and liabilities.
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According to ""scientific view of risk"" most risks are relative. What does this mean?.
Any given risk should be weighed with other risks or lost benefits that can result from attempts to reduce the given risk.
What is risk?Financially speaking, risk is the possibility that a result or investment won't provide the desired results or return. Risk involves the potential for losing all or a portion of the initial investment. Risk is often quantified by taking past actions and results into account. Standard deviation is a frequent statistic used to measure risk in finance. Overall, it is possible and smart to control investment risks by understanding the fundamentals of risk and how it is assessed. Standard deviation gives a measure of the volatility of asset values in contrast to their historical averages in a certain time frame.
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Which annuity payout option usually results in the largest periodic payment?
a. unit refund annuity
b. joint and last survivor annuity
c. life annuity
d. life annuity-period certain
The correct option is (c) life annuity.
The payout increases as the predicted annuity term decreases. The life annuity is the shortest predicted term because it only lasts for the duration of that person's life.
What is life annuity ?A financial instrument known as a life annuity offers a predetermined periodic payout amount until the annuitant's death. Annuitants purchase a life annuity by paying premiums or a lump amount. In order to complement or provide for retirement income, life annuities are frequently employed.
A joint and last survivor annuity pays the surviving spouse when one person dies; a unit refund annuity gives a lump payment if a person dies early. A life annuity with period certain continues to pay for a set time period if the person dies early.
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On january 1, lorna pays $36,000 of rent in advance. the effects of this transaction are to?
Lorna makes an advance rent payment of $36,000 on January 1. These are the outcomes of this transaction. decreasing cash and increasing rent.
Cash in economics refers to currency in its actual, physical form, such as coins and banknotes.
Cash is defined in bookkeeping and financial accounting as current assets made up of money or money equivalents that may be obtained instantly or almost immediately (as in the case of money market accounts). Cash is viewed as a tool to either prevent a decline in the financial markets or as a reserve for payments, in the event of a structural or accidental negative cash flow.
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In a memory system employing paging, the chunks of a process (called frames) can be assigned to available chunks of memory (called pages). true false
This is false. The statement should be "In a memory system employing paging, the chunks of a process called pages can be assigned to available chunks of memory called frames."
Just remember that while we refer to the memory chunks as frames, the process chunks are referred to as pages.
Apparently, one of the two fundamental methods or basic techniques on which the idea and concept of virtual memory is based is "Paging". "Segmentation" is the name of the other one, by the way.
When using this paging, the memory system may experience minimal internal fragmentation but no external fragmentation.
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