You are graduating from college at the end of this semester and have decided to invest ​$4 comma 500 at the end of each year into a Roth IRA​ (a retirement investment account that grows tax free and is not taxed when it is​ liquidated) for the next 30 years. If you earn 6 percent compounded annually on your investment of ​$4 comma 500 at the end of each​ year, how much will you have when you retire in 30 ​years? How much will you have if you wait 10 years before beginning to save and only make 20 payments into your retirement​ account?

Answer:

The correct option is B

Explanation:

Capital gain is the term which is defined as the increase or rise in the capital asset value,that offer the higher worth than the purchase price of the asset. And the gain will not be realized until the asset is sold. It is linked with the investment which the investor earned or gained through the investment.

So, the aggregate return which the investor earn on any of the investment comprise of the dollar return plus the capital gain which is linked with the investment.

Answer:

C.  the opportunity cost

Explanation:

The opportunity cost -

It refers to the amount of benefit received by the business , investors or an individual , during the process of selecting any alternative , is referred to as the opportunity cost .

These cost can be ignored very easily , in case not seen properly .

The opportunity cost can very well be used to any important and educational decisions for the betterment of the company or firm.

Hence , from the given information of the question,

The correct option is C.  the opportunity cost .

Answer:

The correct answer is letter "C": the opportunity cost.

Explanation:

The opportunity cost represents the return of the option chosen compared to the return that could have provided the option forgone. Opportunity cost can also be described as the return of the best next option available that was left behind after choosing another option. It is what was "left on the table".

Answer:

The mistake could be as Transparency International publish the index "backwards" being zero highly corrup nation while 10 a nation with low level of corruption. This could make a person to see the relationship as positive but it isn't. a higher GDP is consistent with a a governement with low levels of corruption.

Higher GDP per capita countries has lower levels of corruptions. thus a higher value in the index.

Explanation:

Answer:

$4,250

Explanation:

Given that,

Payment for direct material = $12,625

Payment for production workers' wages = $10,000

Lease payments and utilities on the production facilities = $9,000

General, selling, and administrative expenses = $4,500

Units produced = 5,750 units

Units sold = 3,500 units

Selling price = $8.00 per unit

Cost of Production for 5,750 Units:

= Direct material cost + Worker's wages cost + Lease payments and utilities

= $12,625 + $10,000 + $9,000

= $31,625

Cost of Good Sold:

= Cost of Production - (Cost of Production ÷ Units produced) × (Units produced - Units sold)

= $31,625 - ($31,625 ÷ 5,750) × (5,750 - 3,500)

= $31,625 - ($5.5 × 2,250)

= $31,625 - $12,375

= $19,250

Amount of gross margin for the first year:

= Sale - Cost of Good Sold

= (3,500 × $8.00) - $19,250

= $28,000 - $19,250

= $8,750

Net Operating Income for the first year:

= Gross margin - General, selling, and administrative expenses

= $8,750 - $4,500

= $4,250

The net income for Silverman Company's first year is calculated by subtracting the total expenses ($36,125) from the revenue ($28,000), resulting in a loss of $8,125. This includes costs for materials, wages, facility lease, utilities, and general expenses.

Calculating Silverman Company's Net Income

To calculate Silverman Company's net income for its first year, we must consider all revenues and expenses. The revenue comes from the sale of 3,500 units at $8.00 per unit. The total expenses include direct materials, production workers' wages, lease payments, utilities, and general, selling, and administrative expenses. We do not need to calculate the cost of goods sold as the question does not provide information about the inventory or require this calculation.

Adding up all expenses gives us a total expense of $36,125. We subtract the total expenses from the revenue to find the net income.

Net Income: $28,000 (Revenue) - $36,125 (Total Expenses) = -$8,125

Therefore, Silverman Company's net income for the first year was a loss of $8,125.

Answer:

a) actual dollar = $60

b) Constant dollar of the 15th payment = $38.710

Explanation:

Facts from the question:

The Face value of the bond = $1,000

Nominal Interest rate = 12% and it compounded annually

General inflation rate = 6%

The question: Determine the 15th interest payment on the bond.

Step 1: The coupon for the amount of semi annual payment is as follows:

Coupon= (Interest rate/ Number of compounding times in a year) x face value of the bond

= (0.12/2) x 1000

= $60 -= Actual dollar amount

Step 2: Determine the 15th payment and this will represent the middle of the 8th year or (7 1/2) year.

To calculate this=

Constant dollar amount of the 15th interest payment

= Actual dollar amount (above) / (1 + inflation rate)∧n

where n= the number of years = 7.5 years

= $60 / (1 + 0.06) ∧7.5

= $60/1.55

= $38.710

This means the constant dollar amount on that 15th payment = $38.710

Final answer:

The actual-dollar amount of the bond's 15th interest payment remains fixed at $45. To calculate time-0 dollars for actual and constant amounts, discount using the market rate of 12% for actual dollars and further adjust the result for inflation at 6% for constant dollars.

Explanation:

To calculate the actual-dollar amount and constant-dollar amount of the 15th interest payment on a 10-year $1,000 bond with a nominal rate of 9% compounded semi-annually when the market interest rate is 12% compounded annually and the general inflation rate is 6% per year, you'll need to address each part of the question separately.

First, for the actual-dollar amount with a 9% semi-annual rate, the interest payment every six months would be $1,000 × 0.09/2 = $45. The 15th interest payment does not change and remains $45 in actual dollars. To find the present value of this interest payment we would discount it back to time-0 using the market interest rate of 12% compounded annually assuming the payment is at the end of the seventh year:

Present value = $45 / (1 + 0.12)7

For the constant-dollar amount, you'd adjust for inflation using the formula:

Constant-dollar amount = Actual-dollar amount / (1 + 0.06)7

This accounts for the inflation rate affecting the value of money over time.

Answer:

C.

21%

Explanation:

As all cashflow are the same, we can solve by dividing the initial cost by annuity per year and look into the PV of a $1 annuity table the result of this quotient:

4000/157,452.98 = 2.540440962

We will find in the row of n = 4 that at 21% we obatin this answer so that is the IRR for the invetment project.

The IRR for the described business project is approximately 16%. The IRR, or Internal Rate of Return, is the discount rate that makes the Net Present Value (NPV) of a project equal to zero - i.e., the rate at which the present value of the project's expected future cash inflows equals the present value of its initial cash outflows.

The Internal Rate of Return (IRR) is the discount rate at which the Net Present Value (NPV) of a project equals zero. This means it is the rate at which the present value of a project's expected future cash inflows equals the present value of its initial cash outflows.

Let's figure out the IRR with the given cash inflows and the initial investment:

We can calculate the Net Present Value (NPV) with a guess IRR around 15% and adjust it until the NPV equals as close to zero as possible. Using Excel or similar software, we find that the IRR is approximately 16%.

Thus, the correct answer is Option B: 16%.

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Answer:

Option (A) is correct.

Explanation:

Given that,

Implicit costs per week = $200,000

Average explicit cost per banana = $0.25 per banana

Per week bananas sold = 1 million

Explicit cost = Average explicit cost per banana × No. of banana sold

                    = $0.25 × 1,000,000

                    = $250,000

Total revenue = No. of banana sold × Selling price of each banana

                        = 1,000,000 × $0.50

                        = $500,000

Accounting profit = Total revenue - Explicit cost

                             = $500,000 - $250,000

                             = $250,000

Economic profit:

= Total revenue - Explicit cost - Implicit costs

= $500,000 - $250,000 - $200,000

= $50,000

Chiquita's accounting profit is $250,000 which is calculated by subtracting explicit costs from total revenue. Its economic profit is $50,000, calculated by subtracting both explicit and implicit costs from the total revenue. Therefore, the correct statements are a and b.

To determine the accounting profit and economic profit of Chiquita's banana production we need to use the provided numbers. The accounting profit is calculated by subtracting the explicit costs from the total revenues. With 1 million bananas sold at $0.50 each, the total revenue would be $500,000. The explicit costs are $0.25 per banana for 1 million bananas, which results in $250,000. Thus, the accounting profit is $500,000 (total revenues) - $250,000 (explicit costs) = $250,000.

To calculate the economic profit, we subtract both explicit and implicit costs from the total revenue. The implicit costs are given as $200,000 per week. Using the accounting profit of $250,000, the economic profit is calculated as $250,000 (accounting profit) - $200,000 (implicit costs) = $50,000. Hence, the correct statements are that Chiquita makes an accounting profit of $250,000 and an economic profit of $50,000.

Answer:

Maximum percentage decline in the stock will be 12.5%

Explanation:

It is given that number of shares which is bought is 1300 at a stock price of $36 an an initial margin of 65 %

Maintenance margin is given as 40%

Margin call price is equal to [tex]=stock\ price\times \frac{1-initial\ margin}{1-maintinance\ margin}[/tex]

So margin call price [tex]=36\times \frac{1-0.65}{1-0.40}=31.5[/tex]

So percentage decline [tex]=\frac{31.5}{36}\times 100=87.5[/tex] %

So maximum percentage decline in stock before you will receive a margin call is 100 -87.5 = 12.5%

So answer will be 12.5 %

Answer:

C) partnership

Explanation:

In partnership the partner share the profit / loss of a business and can also participate in the operation of the business. Corporation is is a form of large company they work for the common interest and sole proprietorship does not share the profit or operations of the company with others.

Answer:

[tex]\large\boxed{\large\boxed{\text{The capacity of the entire five-step process is 30 units per hour}}}[/tex]

Explanation:

The rate of production is determined by the slowest step or process.

Determine the rate of production of each step.

1. The Cutting department has 6 machines that each process materials at a rate of 2 minutes per unit.

2. Drilling has 6 machines that each process materials at a rate of 3 minutes per unit.

3. Stamping has 6 machines that each process materials at a rate of 4 minutes per unit.

4. Welding has 4 machines that each process materials at a rate of 2 minutes per unit.

5. Painting has 2 machines that each process materials at a rate of 4 minutes per unit.

Then, the fifth process, painting is the slowest process because it only can process 0.5 units per minute. This is the bottleneck. Even if the other processes worked faster, the production could not exceed the number of machines that can be painted per hour.

To find how many units can be painted or produced by hour multiply the rate by the number of minutes in one hour:

Therefore, the capacity of the entire five-step process is 30 units per hour.

Answer:

b. total revenues and total expenses

Explanation:

A single step income statement -

It refers to the financial statement , which contains all the costs of the goods sold in a single column , is referred to as a single step income statement  .

It helps to maintain the record for better understanding .

All the expenses and the revenues are correctly recorded and added , in order to be the best results .

Hence , from the given question ,

The correct option is b.  

Answer:

Cups = $45,000

Tablecloths = $1,12,500

Bottles = $1,42,500

Explanation:

Given that,

Factory manager’s salary = $210,000

Factory utility cost = 70,000

Factory supplies = 20,000

Overhead allocation rate :

= Budgeted Overhead ÷ Budgeted Base of allocation

= Total overhead costs ÷ Total machine hours

= $300,000 ÷ 2,000

= $150 per machine hour

Cups:

Allocated cost = Allocation rate × Weight of base

                        = $150 × 300

                        = $45,000

Tablecloths:

Allocated cost = Allocation rate × Weight of base

                        = $150 × 750

                        = $1,12,500

Bottles:

Allocated cost = Allocation rate × Weight of base

                        = $150 × 950

                        = $1,42,500

The allocated budgeted overhead costs to the products are: Plastic Cups: $45,000, Plastic Tablecloths: $112,500, and Plastic Bottles: $142,500.

To allocate the budgeted overhead costs to the products based on machine hours, we first need to determine the overhead rate per machine hour.

[tex]\[ \text{Overhead Rate per Machine Hour} = \frac{\text{Total Overhead Costs}}{\text{Total Budgeted Machine Hours}} \][/tex]

Plugging in the given values:

[tex]\[ \text{Overhead Rate per Machine Hour} = \frac{\$300,000}{2,000 \text{ hours}} \]\[ \text{Overhead Rate per Machine Hour} = \$150 \text{ per hour} \][/tex]

Now, we can allocate the overhead costs to each product using their respective budgeted machine hours:

1. Plastic Cups :

Overhead Costs for Cups = [tex]\text{Overhead Rate per Machine Hour} \times \text{Budgeted Machine Hours for Cups} \][/tex]

[tex]\[ \text{Overhead Costs for Cups} = \$150 \times 300 \text{ hours} = \$45,000 \][/tex]

2. Plastic Tablecloths :

  Overhead Costs for Tablecloths = [tex]\text{Overhead Rate per Machine Hour} \times \text{Budgeted Machine Hours for Tablecloths} \][/tex]

[tex]\[ \text{Overhead Costs for Tablecloths} = \$150 \times 750 \text{ hours} = \$112,500 \][/tex]

3. Plastic Bottles :

  Overhead Costs for Bottles = [tex]\text{Overhead Rate per Machine Hour} \times \text{Budgeted Machine Hours for Bottles} \][/tex]

  [tex]\[ \text{Overhead Costs for Bottles} = \$150 \times 950 \text{ hours} = \$142,500 \][/tex]

Therefore, the allocated budgeted overhead costs to the products are as follows:

- Plastic Cups: $45,000

- Plastic Tablecloths: $112,500

- Plastic Bottles: $142,500

Answer:

Net benefit $18

Explanation:

Saivings from fees:

$4 fee x 12 months =    $ 48

Interst 1,500 x 0.005 =  $  7.5

Opportunity cost:

1,500 x 0.025 =           (  $ 37.5 )    

Net benefit:                    18.00

Fro mthe saving of fees and interest we should subtract the opprtunity cost, which represen the gain from putting the cash in the best interest alternative. This makes a more realistic approach than just the accounting gain.

Answer:

emotional dissonance.

Explanation:

Emotional dissonance -

It refers to the situation of mental status , where there is confusion between the emotions experienced by the employees and the emotion which is required to have for working in the organisation , is referred to as emotional dissonance .

The condition makes the employees very agitated and unhappy for the job , and is not able to enjoy their work .

Hence , from the given scenario of the question ,

The correct option is emotional dissonance .

Answer:

Company c. is the most profitable according to the profit margin ratio.

Profit margin ratio describes that what percentage of sales is left after paying all the cost and expenses of the company. It shows the share of profit in the sales value.

Explanation:

a.

Net income : $4,361

Net sales : $44,500

Profit Margin Ratio = ( Net Income / Net sales ) x 100

Profit Margin Ratio = ($4,361 / $44,500) x 100 = 9.8%

b.

Net income : $97,706

Net sales : $398,800

Profit Margin Ratio = ( Net Income / Net sales ) x 100

Profit Margin Ratio = ($97,706 / $398,800) x 100 = 24.50%

c.

Net income : $111,281

Net sales : $257,000

Profit Margin Ratio = ( Net Income / Net sales ) x 100

Profit Margin Ratio = ($111,281 / $257,000) x 100 = 43.30%

d.

Net income : $65,646

Net sales : $1,458,800

Profit Margin Ratio = ( Net Income / Net sales ) x 100

Profit Margin Ratio = ($65,646 / $1,458,800) x 100 = 4.50%

e.

Net income : $80,142

Net sales : $435,500

Profit Margin Ratio = ( Net Income / Net sales ) x 100

Profit Margin Ratio = ($80,142 / $435,500) x 100 = 18.40%

To compute the profit margin, divide the net income by the net sales and multiply by 100. Company c is the most profitable with a profit margin of 43.28%.

To compute the profit margin for each company, divide the net income by the net sales and multiply by 100. For company a, the profit margin is (4,361 / 44,500) * 100 = 9.79%. For company b, the profit margin is (97,706 / 398,800) * 100 = 24.50%. For company c, the profit margin is (111,281 / 257,000) * 100 = 43.28%. For company d, the profit margin is (65,646 / 1,458,800) * 100 = 4.50%. For company e, the profit margin is (80,142 / 435,500) * 100 = 18.40%.

Based on the profit margin ratio, company c is the most profitable with a profit margin of 43.28%. This means that for every dollar of net sales, company c is earning a profit of 43.28 cents.

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Explanation:

The adjusting journal entries are shown below:

On January 15

1. Cash A/c Dr $600                ($60 × 10 voice lessons)

    To Unearned revenue A/c $600

(Being the cash is received)

On January 31

2. Unearned revenue A/c Dr $480     ($60 × 8 voice lessons)

                  To Service revenue A/c  $480

(Being the unearned revenue is recorded)

Answer:

Interest Revenue: Income, Credit balance, credit increases the balance, debit reduces such balance

Accounts Payable: Liability, Credit balance, credit increases the balance, debit reduces such balance

Calhoun Capital:  Equity, Credit balance, Credit increases the balance, debit reduces such balance

Office Supplies:  Asset, Debit balance, Debit increases the balance, credit reduce such balance

Advertising Expense: Expense, Debit balance, debit increases the balance, credit reduces such balance

Unearned Revenue: Liability, Credit balance, credit increases the balance, debit reduces such balance

Prepaid Rent: Asset, Debit balance, Debit increases the balance, credit reduces such balance

Answer:

The correct answer is letter "A": Disturbance handler.

Explanation:

One of the many roles managers have is being a disturbance handler. This role implies having the manager as a mediator of a conflict in which the manager will have to collect the versions of the parties involved a come up with a solution for the problem. If corrective actions must be taken, the manager should proceed accordingly.

The managerial role responsible for resolving conflicts is the Disturbance Handler. The Negotiator role also includes dispute resolution, but typically in external contexts.

In the context of management's decisional roles as defined by Henry Mintzberg, resolving conflicts falls under the role of the Disturbance Handler. The Disturbance Handler role involves taking corrective action during disputes or crises; resolving conflicts is a part of this. Negotiator also has some relevancy, as managers as negotiators help resolve disputes between different parties, but typically, these are external transactional disputes, not internal conflicts.

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Answer:

Explanation:

PESTLE analysis is a tool to identify those external factors which influences organization.

P: Political Factors influencing organization's performance.

E: Economical Factors creating hurdles in the way of the organizations.

S: Social Factors account for changed behavior of consumers towards organization.

T: Technological Factors playing it's role in influencing organizational performance.

L: Legal Factors accounting for legal barriers for the organizations.

E: Environmental Factors affecting companies but no one pays attention to it.

Answer:

a. To de-emphasize negative news

b. To emphasize an action instead of the recipient of an action

c. To conceal the doer of an action

Explanation:

Passive voice is ideal when you want reduce impact of bad news, to emphasise on an action and not the recipient, and when concealing the doer of an action.

Usually passive voice is used when you want to draw a person's attention from the doer of an action.

In business writing, passive voice is typically used to de-emphasize negative news, emphasize an action over a person, and to avoid identifying who is responsible for an action. The correct answer is option a, b and c.

In writing business messages, the use of active or passive voice impacts the tone and focus of the message. While active voice is generally preferred for its directness and clarity, there are situations where passive voice can be useful:

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Answer:

$1,080

Explanation:

The inventory of Curlz Inc. shall be valued at lower of cost and net realizable value.

In case of CleanZ, since the net realizable value is lower than the cost, therefore the inventory of CleanZ shall be placed at net realizable value which is $0.80 per bottle.

In case of DyeZ , since the net realizable value is higher than the cost, therefore the inventory of DyeZ shall be valued at cost which is $10 per bottle.

Value of CleanZ=100*0.80          $80

Value of DyeZ=100*10                 $1,000

Total value of inventory               $1,080

Answer:

The correct answer is letter "B": maintaining the visibility of inventory at acceptable levels at all times.

Explanation:

Inventory visibility refers to know exactly where the inventory is in the manufacturing process of the supply chain at all times. This is not an easy task since goods are constantly being moved from one place to the other in the supply chain. However, it is important to keep good control over the inflow and outflow of the inventory so the company's internal records can reflect the real flow of the goods.

One of the major challenges facing supply chain management is that of maintaining the visibility of inventory at acceptable levels at all times.

Supply chain management:

Supply Chain management requires that a company know just how much materials are needed by the company (inventory visibility) in a given period and this can be difficult as production can pick up unexpected or drop the same way.

In conclusion, option b is correct.

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Answer:

5

Explanation:

The formula to compute the interest coverage ratio is shown below:

= (Earning before tax + interest expense) ÷ (interest expense)

where,

Earning before tax equal to

= Net income ÷ (1 - tax rate)

= $120 ÷ (1 - 0.40)

= $200

And interest expense is $50

So, the interest coverage ratio equal to

= ($200 + $50) ÷ ($50)

= 5

To determine the payment amount to be made every two years for a 30-year loan with 7% interest, use the future value of an ordinary annuity formula.

To determine the amount that needs to be repaid every two years, we can use the formula for the future value of an ordinary annuity:

FV = PMT*((1+r)^n - 1)/r

Plugging in the values, we get:

20000 = PMT*((1+0.035)^15 - 1)/0.035

Solving for PMT gives:

PMT = 20000*0.035/((1+0.035)^15 - 1)

Using a calculator, we find that the payment amount to be made every two years is approximately $1,324.46.

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Answer:

The communication behaviour that kim is engaged in is selective self-disclosure.

Explanation:

Self-disclosure is a process of communication by which one person reveals information about themselves to another. The information can be descriptive or evaluative, and can include thoughts, feelings, aspirations, goals, failures, successes, fears, and dreams, as well as one's likes, dislikes, and favorites.

Selective self-disclosure means self-disclosure but providing only that information which will create a positive image of one person on another.

Answer:

Keeping quiet

Explanation:

Kim decides the public does not need this information.

Answer: ECONOMIC EXTORTION.

CONTROLS

IMPLEMENTATION OF CHECK AND BALANCE SYSTEM.

DISCOURAGING CASH PAYMENT TO REGULATORY BODIES.

ENACT DISCIPLINARY ACTIONS ON OFFENDERS.

Explanation:ECONOMIC EXTORTION is a fraudulent activity which involves the use of Threat,force or other means to forcefully and wrongfully collect money and other resources from others in the Population especially those in business. It is usually carried out by Government agents and other Regulatory bodies etc.

It can be controlled by putting a check and balance system whereby a check on the activities of the regulators are done by a set of inspectors or monitors.

It can also be controlled by putting in place systems to prevent the payment of cash to Government officials and other Regulatory bodies etc.

The kind of fraud that has been identified in this question is what is known as economic extortion.

The inspector wants to be bribed by the owner of the restaurant. Failure to do so would cause him to implicate the owner on a crime that he is not guilty of.

Read more on fraud here:

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Answer:

Adjusted basis = $48,120

Basis of equipment is given as $80,200

Explanation:

Given data:

Yearly basis of Franco = $160,400

market value of  interest  = $176,440

Distributed cash = $32,080

Adjusted basis = $80,200

Adjusted basis after distribution is calculated as

Adjusted basis =  yearly basis -  distributed cash - equipment adjusted basis

Adjusted basis = 160,400 - 32080 - 80,200

Adjusted basis = $48,120

in the question, basis of equipment is given as $80,200

Final answer:

Franco's adjusted basis in the LLC interest after receiving a distribution is $48,120, and his basis in the equipment received is $80,200. The non-taxable cash and equipment distribution reduces his original basis in the LLC interest, with steps clearly explaining the calculations.

Explanation:

When Franco receives a distribution from Dulera LLC, the distribution is non-taxable to the extent of his adjusted basis in the LLC interest. Initially, his adjusted basis is $160,400. The distribution consists of $32,080 cash and equipment with an adjusted basis to the LLC of $80,200 and a fair market value of $120,300.

First, reduce Franco's basis in the LLC by the amount of cash received ($32,080). So, the new basis in the LLC before accounting for the equipment is $160,400 - $32,080 = $128,320.

Since the fair market value of the equipment is not less than its adjusted basis in the hands of the LLC, Franco's basis in the equipment should be equal to the LLC's basis in the equipment, which is $80,200. After receiving the equipment, we reduce Franco's LLC interest basis by $80,200: $128,320 - $80,200 = $48,120.

Therefore, Franco's adjusted basis in the LLC interest after the distribution is $48,120, and his basis in the equipment received is $80,200.

Answer:

It should quite the job and do the organic soap business as it provides an economic gain which consider the implicit cost.

Explanation:

alternative (I)

revenues of   465,000

expenses      (395,000)

net income      70,000

opportunity cost

wages from TV company (50,000)

net economic gain   20,000

alternative (II)

revenues    3,250,000

expenses   3,275,000  

net loss         (25,000)

opportunity cost

wages from TV company (50,000)

net economic loss            (70,000)

Answer:

The answer is A) invest more resources at the front end of the value chain in research and development and design to produce a superior product.

Explanation:

Total quality management is a management approach to long-term success through customer satisfaction. In a TQM effort, all members of an organization participate in improving processes, products, services, and the culture in which they work.

Answer: Option ( B ). 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 contract between an individual and an insurance company in which you make a lump sum payment or series of payments and in return receive regular disbursements at some point in the future.it is a series of payments made at intervals. It can also be defined as a contract between you and an insurance company that requires the insurer to make installmental payments to you or come as one lump sum.

Annuities are bought by people who intend to “insure” their retirement and to receive periodic payments once they no longer receive a salary. The two phases to annuities are the accumulation phase and the payout phase.

The example of an annuity between the given options is (B) 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. A certificate of deposit (CD) is not an annuity, it is a fixed-term financial asset that returns the original investment plus accrued interest at maturity.

To answer which of the following is an example of an annuity, let's first define what an annuity is. An annuity is a financial product that guarantees to pay out a fixed stream of payments to an individual, typically after retirement. These payments continue for the life of the annuitant or for a specified period of time.

A certificate of deposit (CD) is not an annuity. It is an investment tool where you deposit a lump-sum amount for a fixed period of time and receive interest in return. The principal amount, along with the accrued interest, is returned back to you upon maturity.

Therefore, among the options given:

Hence, the correct answer to which of the following is an example of an annuity is (B) 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.

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