Larry purchased an annuity from an insurance company that promises to pay him $5,000 per month for the rest of his life. Larry paid $525,600 for the annuity. Larry is in good health and is 72 years old. Larry received the first annuity payment of $5,000 this month. Use the expected number of payments in Exhibit 5-1 for this problem. a. How much of the first payment should Larry include in gross income?b. If Larry lives more than 15 years after purchasing the annuity, how much of each additional payment should he include in gross income?

2. high-glow currently produces 1,000 bicycles per month. the following per unit data apply for sales to regular customers: direct materials $50 direct manufacturing labor 5 variable manufacturing overhead 14 fixed manufacturing overhead 10 total manufacturing costs $79 the plant is experiencing demand shortage and is considering reducing production to 800 bicycles. what is the per unit cost of producing 800 bicycles? a) $79 per unit b) $81.50 per unit c) $74 per unit d) $69 per unit

rural residential development company and suburban real estate corporation form a joint stock company. the longest duration a joint stock company can be formed for is

He interest rate effect is the change in real gdp caused by the federal reserve adjusting target interest rates. is the change in consumer and investment spending due to changes in interest rates resulting from changes in the aggregate price level. is the change in exports and imports, resulting from changes in the interest rate caused by changes in the aggregate price level. is the change in investment spending and government purchases caused by changes in money demand. is the change in interest rates, caused by changes to government purchases.