Exam (elaborations)
AAMS All Modules WITH 100- SURE ANSWERS
- Course
- Institution
AAMS All Modules WITH 100- SURE ANSWERS
[Show more]
Seller
Follow
Content preview
EUNICEAAMS All Modules WITH 100% SURE ANSWERS
Terms in this set (349)
An employer plans to use corporate- Variable life insurance
owned life insurance to informally fund a
nonqualified deferred compensation
agreement and wants flexibility regarding
investment choices. Which one of the
following types of life insurance should this
employer choose?
The latest economic reports have been contrarian
gloomy, and the stock market is in a
protracted slump. Most of your regular
stock customers are selling out their
positions. A new client, Mr. Jones, sees
these conditions as a buying opportunity.
You would define his investment
personality as
As of December 31, 20X1, Bob Larkin has $364,000
the following financial data:
Assets = $17,000 + $400,000 + $95,000 +$45,000 + $8,000 + $15,000 + $125,000 =
Bond fund $17,000 $705,000. Liabilities = $16,000 + $285,000 + $40,000 = $341,000, so net worth is
Residence$400,000 $364,000. Notice that auto notes of $16,000 are included in this calculation, but auto
Vested 401(k) plan$95,000 payments of $7,000 is a cash flow item and therefore not included.
Auto notes$16,000
Residence mortgage$285,000
Auto payments$7,000
Automobiles$45,000
Checking account$8,000
Utilities$4,000
CD$15,000
Stock$125,000
Home equity loan$40,000
What is Bob's net worth?
1/3
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller mbitheeunice2015. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now