Income from individual annuities is received tax-free by the annuitant at retirement.

a. true
b. false

Ans: b. false

Business

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Juliet repairs, buys, and sells old video games to a growing customer base of collectors and fans. She finds that as the products get scarcer, she can charge higher prices for her services and products. This is an example of ________

A) reduce-focus pricing B) skim pricing C) low-cost-leader pricing D) plus-one pricing E) harvest pricing

Business

Rondon Inc. has 48 million shares outstanding with an earnings per share of $5.6. Calculate the net profit it generates

A) $480 million B) $268.8 million C) $634.8 million D) $345.4 million E) $196 million

Business