Explain the purpose of the annuity contract in a financial plan
What will be an ideal response?
The annuity contract allows the accumulation of money on a tax advantages basis and the scientific liquidation of those funds such that the annuitant cannot outlast its liquidation.
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The net operating cycle of this company is closest to:
Given the following financial statement data, calculate the net operating cycle for this company. In millions Credit sales $40,000 Cost of goods sold $30,000 Accounts receivable $3,000 Inventory – Beginning balance $1,500 Inventory – Ending balance $2,000 Accounts payable $4,000 A. 3.8 days. B. 24.3 days. C. 51.7 days.
Which of the following is the proper method for determining the gross income multiplier?
A. Divide monthly income by sales price B. Divide annual income by sales price C. Divide sales price by gross income D. Divide assessed value by gross income