Determine the capitalized cost of a large-format printer that has a first cost of P1.20 million and a salvage value after five useful years equal to P600,000. The operation has a maintenance cost of P100,000 every after 3 years. Use interest rate, i = 10% a P 3.31 M. b P 2.28 M c P 2.36 M d P 3.26 M
Answers
To determine the capitalized cost of the large-format printer, we need to calculate the present value of all the costs associated with the printer over its useful life.
First, let's calculate the present value of the first cost and salvage value: Present value of the first cost:
PV_first_cost = P1,200,000
Present value of the salvage value:
PV_salvage_value = P600,000 / (1 + i)^5
PV_salvage_value = P600,000 / (1 + 0.10)^5
PV_salvage_value = P600,000 / 1.61051
PV_salvage_value ≈ P372,618.06
Next, let's calculate the present value of the maintenance costs:
Present value of the maintenance costs:
PV_maintenance_costs = P100,000 / (1 + i)^3 + P100,000 / (1 + i)^6
PV_maintenance_costs = P100,000 / (1 + 0.10)^3 + P100,000 / (1 + 0.10)^6
PV_maintenance_costs = P100,000 / 1.331 + P100,000 / 1.4641
PV_maintenance_costs ≈ P75,080.32 + P68,355.01
PV_maintenance_costs ≈ P143,435.33
Now, we can calculate the capitalized cost by summing up the present values:
Capitalized cost = PV_first_cost + PV_salvage_value + PV_maintenance_costs
Capitalized cost = P1,200,000 + P372,618.06 + P143,435.33
Capitalized cost ≈ P1,716,053.39
Therefore, the capitalized cost of the large-format printer is approximately P1.716 million.
The correct answer is not provided among the given options.
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Related Questions
kennedy construction corp. wants to create a presence internationally but does not want to establish operations in a foreign country. what could the company do to accomplish this?
Answers
One possible solution for Kennedy Construction Corp. to establish a presence internationally without setting up operations in a foreign country is to engage in joint ventures or strategic partnerships with established firms in the target markets.
This approach allows Kennedy Construction to leverage the local expertise and networks of their partners, while still maintaining a degree of control over their operations and brand.
Another option would be to explore exporting their construction services and products to international markets. This involves identifying potential buyers, negotiating contracts, and arranging for transportation and logistics. While this approach may require more investment in marketing and sales efforts.
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which of the following represents a leakage from the circular flow in an economy? responses consumption spending consumption spending government spending government spending investment spending investment spending unemployment benefits unemployment benefits imports
Answers
Money leaves the economy as a result of some transactions. In other words, the money is not being used in other parts of the economy.
spending unemployment benefits unemployment benefits imports.
What is a leakage from the circular flow?A leakage in economics is the diverting of money from an iterative process. Leakages, for instance, are the non-consumption uses of income, such as saving, taxes, and imports, as depicted in the Keynesian model of the circular flow of income and expenditure.Leakage is typically used in relation to the Keynesian circular flow of income and expenditure, a particular representation of the flow of income within a system. Leakages are the non-consumption uses of income in this illustration, such as saving, taxes, and imports.Money leaves the economy as a result of some transactions. In other words, the money is not being used in other parts of the economy.To learn more about : Economic Leakage.
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Help me please.. there is no option on here for Human Resources principals, so I jus clicked business as the subject..
Answers
Answer:
it is c issue-based-model
Private property: encourages owners to maintain or improve their property, so as to preserve or enhance value.True or False
Answers
True. Private property encourages owners to maintain or improve their property so as to preserve or enhance value.
With respect to private property, the owners have the exclusive right to use, control, and transfer their property as they see fit. As a result, they have an incentive to take care of their property and make improvements in order to increase its value and potentially sell it for a higher price in the future.
This is in contrast to public property, which is owned by the government or a community and may not have the same incentives for maintenance and improvement.
In conclusion, the statement is true.
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T F Credit reports are issued monthly, so you know how much money topay toward your credit card bill.
Answers
Answer:
False
Explanation:
A financial statement can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.
Generally, financial statements are issued to recipients on a monthly basis.
A credit report can be defined as a financial document that comprises of detailed information about a person's credit history or activities with respect to borrowed money (loans). It is usually prepared by a credit bureau.
A credit score can be defined as a numerical expression between 300 - 850 that represents an individual's financial history and credit worthiness. Therefore, a credit score determines the ability of a borrower to obtain a loan from a lender.
This ultimately implies that, the higher your credit score, the higher and better it is to obtain a loan from a potential lender.
In conclusion, credit reports are issued to a customer on request and at any given time, so he or she knows how much money to pay toward your credit card bill.
Miora is concerned that lots of misinformation and gossip are swirling rapidly along her company’s grapevine. To reduce the negative effects of the grapevine, miora could?.
Answers
To reduce the negative effects of the grapevine, Miora could directly and honestly address the gossip via a rich medium.
Grapevine is a metropolis in Texas. It is recognized for its restored 19th- and 20th-century buildings. Many of those are on downtown's primary street, that's lined with restaurants, galleries, and stores. The Cotton Belt Railroad District is home to artisans’ workshops, together with a pitcher-blowing studio, a blacksmith, and a bronze foundry. The 1888 Cotton Belt Railroad Depot is the starting point of the Grapevine Vintage Railroad.
These moments define the town of Grapevine, a most reliable purchasing and eating destination inside the Dallas and fortress well worth place. Grapevine is called a veritable playground for wine enthusiasts due to the eight wineries that call the metropolis domestic.
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Item 2
Which of the following is NOT an example of a servant?
A graphic designer in a marketing firm
A manager in a paint store
A chef in a restaurant
A real estate broker who is hired to sell land
Answers
A real estate broker hired to sell land does not correspond to an example of a servant, who is a professional assigned to perform functions for the employer.
What are the functions of a broker?They are licensed professionals who have the essential training requirements to provide real estate service, and can work independently or with the hiring of other professionals for the job.
Therefore, the real estate broker is a professional capable of working independently, but must be licensed and comply with the code of ethics of the National Association of Realtors.
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America's trade deficit with China surpasses more than ________ annually.A. $250 billionB. $2 billionC. $22 billionD. $48 billionE. $712 billion
Answers
A trade deficit occurs when the value of a country's imports exceeds the value of its exports.
In other words, it represents a situation where a country is buying more goods and services from other countries than it is selling to them. The trade deficit is calculated by subtracting the value of exports from the value of imports.A trade deficit can be influenced by various factors, including the competitiveness of a country's industries, domestic consumption patterns, exchange rates, government policies, and global economic conditions. It is important to note that a trade deficit is not inherently negative or positive.
It can reflect different aspects of an economy, such as consumption patterns, investment levels, or the attractiveness of a country as a market for foreign goods $712 billion.
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among the contextual factors that contribute to team effectiveness, we find _____________.
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Among the contextual factors that contribute to team effectiveness, we find clear communication, shared goals, mutual trust, adequate resources, and effective leadership. These factors help teams work together more efficiently and achieve better results.
Open Communication: Effective communication is essential for any team to function well. Teams that communicate openly and honestly are better equipped to resolve conflicts, make decisions, and share ideas.
Clear Goals and Objectives: Teams that have a clear understanding of their goals and objectives are more likely to work effectively together. When everyone on the team knows what they are working towards, they can align their efforts towards achieving those goals.
Mutual Trust: Trust is essential for team effectiveness. Team members should be able to rely on each other and feel confident in each other's abilities and intentions.
Adequate Resources: Teams need to have the resources they need to do their work effectively. This can include everything from adequate funding and equipment to the right software and training.
Effective Leadership: Effective leadership is essential for team effectiveness. Leaders who are able to inspire, motivate, and guide their teams can help to create a positive and productive work environment.
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Which is a formatting characteristic of a full-block business letter?.
Answers
Answer:
In a full block business letter, every component of the letter heading, address, salutation, body, salutation, signature, identification, enclosures is aligned to the left. Also first sentences of paragraphs are not indented.
Explanation:
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Question 2 of 10
Before taking the exam to receive CPA certification, a person must:
A. complete two years of professional education.
B. complete a one-to two-year supervised internship program.
C. gain two years of experience in financial management.
D. complete at least 120 credit hours of postsecondary education.
SUBMIT
what's the answer please
Answers
Before taking the exam to receive CPA certification, a person must complete at least 120 credit hours of postsecondary education.
What is a CPA certification?The CPA certification means the certified public accountant certification which is a designation given to those who meet education and experience requirements and pass an exam.
Hence, the requirement to take the exam to receive CPA certification, a person must complete at least 120 credit hours of postsecondary education.
Therefore, the Option D is correct.
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Preparing Entries Across Two Periods Hatcher Company closes its accounts on December 31 each year. On December 31, 2018, Hatcher accrued $600 of interest income that was earned on an investment but not yet received or recorded (the investment will pay interest of $900 cash on January 31, 2019). On January 31, 2019, the company received the $900 cash as interest on the investment. Prepare journal entries to: a. Accrue the interest earned on December 31, 2018; b. Close the Interest Income account on December 31, 2018 (the account has a year-end balance of $2,400 after adjustments); and c. Record the cash receipt of interest on January 31, 2019.
Answers
Answer and Explanation:
The journal entries are shown below
On Dec. 31, 2018
Interest receivable $600
To Interest income $600
(Being accrued interest earned is recorded)
On Dec. 31, 2018
Interest income $2,400
To Retained earnings $2,400
(Being the closing of interest income is recorded)
On Jan. 31, 2019
Cash $900
To Interest receivable $600
To Interest income $300
(Being cash receipt of interest is recorded)
which pathway would a lace use on the agile growth life cycle
Answers
A company following the agile growth life cycle would typically use the "Scale" pathway. This pathway focuses on expanding the company's reach and increasing efficiency through the implementation of repeatable processes and the creation of systems and infrastructure.
In the Scale pathway, a company seeks to standardize and streamline its operations to achieve consistent, high-quality results. This may involve the creation of processes for product development, customer acquisition, and customer service.
The goal is to increase efficiency, reduce costs, and allow for growth without sacrificing quality. Additionally, companies in the Scale pathway may invest in technology and other tools to automate and streamline processes, freeing up resources to focus on growth.
The focus on efficiency and standardization in the Scale pathway can help a company achieve sustainable, profitable growth over time.
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what is correspondence in business. Briefly explain the qualities of a good letter
Answers
Answer:
Business correspondence means the exchange of information in a written format for the process of business activities. Business correspondence can take place between organizations, within organizations or between the customers and the organization. The correspondence refers to the written communication between persons
What is a strategy by which teams can increase their surplus
value from
players in the draft according to Massey & Thaler
Answers
Massey and Thaler propose a strategy called "overconfidence bias exploitation" through which teams can increase their surplus value from players in the draft. This involves exploiting overconfidence bias, which is the tendency for people to overestimate their ability to predict uncertain outcomes.
In the context of the draft, this bias may cause teams to overvalue certain players based on incomplete information or flawed evaluations. To exploit this bias, Massey and Thaler recommend that teams focus on acquiring as many draft picks as possible and using them to select undervalued players who have been overlooked by other teams.
By building a deep pool of undervalued players, teams can increase their chances of finding high-quality players while minimizing the risk of overvaluing any single player. This can result in higher surplus value for the team since they are getting more production from their players relative to what they are paying them.
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what can be the role of media to provide trustworthly information to ordinary people who want to apply for foreign employment?
Answers
The role of the media in providing trustworthy information to ordinary people who want to apply for foreign employment will include:
Making researches to determine if the opportunity is genuine before dissemination of information They can also assist to ensure the people interested go with the right documents and things.Making researches to determine if the opportunity is genuine before dissemination of information ensures that the individuals are free from trouble as offences could be punishable the law.
They can also assist to ensure the people interested go with the right documents and things to also ensure that they are deported with nothing which may lead to depression.
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Explain how the existence of imperfect markets has led to the establishment of subsidiaries in foreign markets.
Answers
Resources are in many cases geographical, especially those that have to do with land. Markets become imperfect because Multinational Corporations (MNCs) have to in a few cases, be domiciled in the geographical space where the resources are in order to acquire them.
What is an Imperfect Market?It is to be noted tha an Imperfect Market is one that deviates from the requirements of standards of a "Perfect Market".
Unlike a perfect market, in an imperfect market, corporate and individual buyers and sellers can affect the price of production, and information about prices and products is not publicly circulated.
So the more spread MNCs are all over the world, the more imperfect, the market is likely to become.
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Implement a superclass Appointment and subclasses Onetime, Daily, and Monthly.
3. Make sure the appointment has a description (for example, "see the dentist") and occurs on one or more dates.
4. Write a method occursOn(Date d) that checks whether the appointment occurs on that date. For a monthly appointment, you must
check whether the day of the month matches.
5. Appointment class must implement Recurring interface. It contains the repeat method.
6. When the repeat method is called on a Daily appointment object, get the number of occurrences from the user and add all
continuous dates until the end date of the list of dates.
Tip: It is good practice not to have user input only in the main function and not to add it to other member functions.
7. When the repeat method is called on a Monthly appointment object, get the number of occurrences from the user and add the
same date of consecutive months until the end date of the list of dates.
8. When the repeat method is called on a Onetime appointment object, print a message that says, "One-time appointments cannot
be repeated. Sorry."
9. Add an abstract method cancelAppointment to Appointment. The subclasses must override this and empty the list of dates.
For Daily appointments, print a message that says, "Daily appointment is cancelled." Change the message accordingly for other
subclasses.
10. Use the class SchedulingAssistant as your tester/main class. Then fill an array of Appointment objects with a mixture of
appointments (Onetime, Daily, and Monthly appointments).
11. Prompt the user to enter a date and print out all appointments that occur on that date
12. Give the user the option to add new appointments. The user must specify the type of the appointment, the description, and the Iteratively ask if the user wishes to add an appointment or view appointments on a specific date until they wish to exit. Implement
this using a do-while loop.
Answers
Implement a superclass Appointment and subclasses Onetime, Daily, and Monthly, with methods for occurrence checking, repeating appointments, cancellation, and scheduling assistance.
To implement the appointment system, we create a superclass called "Appointment" and three subclasses: "Onetime," "Daily," and "Monthly." The Appointment class has a description and a list of dates. It implements the Recurring interface, which includes a "repeat" method. The "occursOn(Date d)" method checks if an appointment occurs on a specific date. For Daily appointments, the "repeat" method adds continuous dates based on user input. For Monthly appointments, it adds the same date for consecutive months. Onetime appointments display a message that they cannot be repeated
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The buyer of an industrial complex wants the broker to place the earnest money in an interest bearing account. The broker does this, clearly identifying all parties who are to receive the interest and the date the earned interest is to be disbursed. With only the verbal consent of the buyer, he places the money in an insured account in a depository in Florida. When the time comes to disburse the account, the broker will write a check to the buyer for the interest as the buyer agreed. Which statement describing this situation applies?
Answers
Answer:
Explanation:
In this situation, the statement that would best apply would be that the broker does not have the right to ever use an interest-bearing account under Florida Real Estate laws. Since Florida Real Estate laws specifically prohibit a broker from placing a clients money in an interest account then the broker in this scenario is breaking the law and can have his real estate license taken away as well as being fined.
mary torres owns and operates a bakery. during the past week, she sold 500 loaves of bread at $2.25 per loaf. the raw materials for each loaf coast mrs. torres $1.80
what type of business does ms. torres operate?
what was the profit on bread sales for the week?
Answers
Answer:
b
Explanation:
Mary Torres runs a bakery business and her profit was 225 dollars for the past week.
What is business profit?Any kind of benefit produced when the gain produced by a business is more than the money spent on the business is called a business profit. Any profit that is earned from the business can be used by the business owners for themselves, to spend on the employees or to spend on the business.
In this case, the business run by Mary Torres is a bakery business where she bakes bread and sells them.
Over the past week, she has sold 500 loaves of bread.
The raw material for the 500 loaves of bread is priced at 1.80 dollars per loaf.
She sold each loaf of bread for 2.25 dollars.
Therefore, the total cost of raw materials for 500 loaves of bread is,
1.80 × 500 = 900 dollars.
Total money earned,
2.25 × 500 = 1125 dollars
So her profit was,
1125 - 900 = 225 dollars.
Therefore, Mary Torres has a bakery business where she made a profit of 225 dollars over the past week.
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Which of the following circumstances is most likely to reduce one's standard of living?
1. An increase in the cost of some goods such as escalating gasoline prices.
2. A decrease in the cost of some goods such as a decrease in housing prices.
3. Stable prices and an increase in employee wages.
4. Losing your job, but gaining a sizeable inheritance.
Answers
Answer:
1. An increase in the cost of some goods such as escalating gasoline prices.
Explanation:
The standard of living refer to a comfort level, the goods, and the material, necessities and wants that are available to a person
In case when there is a decline in standard of living so it is due to the increased in price as it reduced the purchasing power of the consumer
If the price of the goods increased, then the quantity demanded decreased as per the law of demand
Therefore in the given case, the option A is correct
A structure that organizes data in a list that is commonly 1- dimensional or 2- dimensional.
Answers
One-dimensional and two-dimensional arrays are two of the most common data structures used in computer programming and are used in a wide range of applications.
A data structure is a way of organizing data in a computer's memory or disk is commonly 1- dimensional. The two most common types of data structures are one-dimensional arrays and two-dimensional arrays. The former is a simple list of data elements that are arranged in a linear sequence. The latter is an array that is arranged in a grid or table with rows and columns.
One-dimensional arrays are simple and easy to understand, making them the most common type of data structure used in computer programming. In addition, one-dimensional arrays are used to store and manipulate data in a wide range of applications, including scientific simulations, computer graphics, and business applications.
Two-dimensional arrays are often used to store and manipulate data in applications where the data is organized in a grid or table with rows and columns. For example, two-dimensional arrays are commonly used in spreadsheets to store data in cells. Two-dimensional arrays are also used in computer graphics to represent images and other visual data. They are often used in scientific simulations to store data in a grid or table that represents the physical space being modeled.
In conclusion, data structures are an important aspect of computer programming and are used to organize data in a way that is efficient and easy to manipulate. One-dimensional and two-dimensional arrays are two of the most common data structures used in computer programming and are used in a wide range of applications.
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Transshipment Problem The Northside and Southside facilities of Zeron Industries supply three firms (Zrox. Hewes, Rockrite) with customized shelving for its offices. They both order shelving from the same two manufacturers, Arnold Manufacturers and Supershelf, Inc. Currently weekly demands by the users are 50 for Zrox. 60 for Hewes, and 40 for ockrite. Both Arnold and Supershelf can supply at most 75 units to its customers. Because of long standing contracts based on past orders, unit costs from the manufacturers to the suppliers are: Arnold Supershelf Zeron N 5 7 Zeron S 8 4 The costs to install the shelving at the various locations are: - Zrox Hewes Rockrite Zeron N 1 5 8 Zeron S- 3 4 4 How should Zeron ship to minimize their costs? I
Answers
Zeron Industries can use transshipment to minimize their costs. Transshipment involves shipping the shelving from one facility to another to best meet the demands of the customers.
In this case, Zeron North should order 50 units of shelving from Arnold Manufacturers and 25 units from Supershelf Inc. Zeron South should order 25 units of shelving from Arnold Manufacturers and 35 units from Supershelf Inc. Finally, Zeron North should ship 25 units from their facility to Zeron South to meet the demands of the customers.
This will minimize the total cost to Zeron Industries because the unit costs from Arnold Manufacturers are lower at Zeron North, and the unit costs from Supershelf Inc are lower at Zeron South. By using transshipment, Zeron Industries can save money by reducing their total costs.
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D. now suppose instead that domestic tire producers in the united states convince the government to impose a tariff (tax) on imported tires with the goal of doubling the quantity of domestic tires produced compared to the quantity supplied at the world price. how large would the tariff need to be to achieve this goal?
Answers
Answer: Protective tariff; Revenue
Explanation:
How can diversity in the workplace make a company more competitive in a global market?
a)Diversity inhibits critical thinking and prevents disagreement among team members about global business strategies.
b)Diversity minimizes group think and can bring new ideas, attitudes, and experiences to the development of global products and services.
c)Diversity promotes global domination of the marketplace.
d)Diversity is a moral virtue, and morals are consistent worldwide.
Answers
Answer:
A: Diversity inhibits critical thinking and prevents disagreement among team members about global business strategies
The units of an item available for sale during the year were as follows: Jan. 1 Inventory 11 units at $41 $451 Aug. 13 Purchase 17 units at $44 748 Nov. 30 Purchase 18 units at $46 828 Available for sale 46 units $2,027 There are 28 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-in, first-out (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar). a. First-in, first-out (FIFO) $ b. Last-in, first-out (LIFO) $ c. Weighted average cost $
Answers
Answer:
A. $1,620
B.$1,199
C. $1,234
Explanation:
A. Calculation to Determine the inventory cost using the first-in, first-out (FIFO) method
First in first out = (18*46+18*44)
First in first out =$828+$792
First in first out =$1,620
Therefore the inventory cost using the first-in, first-out (FIFO) method is $1,620
B. Calculation to determine the inventory cost using the last-in, first-out (LIFO) method
Last in first out = (11*41+17*44)
(11-28=17)
Last in first out =$451+$748
Last in first out =$1,199
Therefore the inventory cost using the last-in, first-out (LIFO) method is $1,199
C.Calculation to determine the inventory cost using the Weighted average cost method
Weighted average = ($2,027/46)*28
Weighted average =$44.0652*28
Weighted average =$1,234
Therefore the inventory cost using the Weighted average cost method is $1,234
Marketing's fundamental purpose is to create value by developing a variety of offerings that will earn income for the company. Group startsTrue or False
Answers
The given statement "Marketing's fundamental purpose is to create value by developing a variety of offerings that will earn income for the company" is true because marketing is defined as the process of creating, promoting, and delivering products or services to potential customers.
A company's marketing department is responsible for developing a range of offerings that will earn revenue for the company.Marketing has two primary goals: to create value for customers and to create value for the company. Creating value for customers entails creating products that satisfy their needs and desires, as well as providing excellent customer service.
However, marketing must also create value for the company by creating offerings that will generate revenue and profit. In other words, marketing must balance the needs of customers with the needs of the company.Marketing's primary aim is to create value for both the customer and the company by developing a range of offerings that will satisfy the needs of both. When marketing is done effectively, customers are happy, and the company generates revenue and profit.
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The main social insurance programs like Social Security, Medicare, and unemployment compensation are funded by a payroll tax on the earnings of individuals who may receive benefits. Do you think the social insurance programs are effective? How are social insurance programs affected by the socioeconomic and political forces? Explain your answers.
Answers
Social insurance programs like Social Security, Medicare, and unemployment compensation have been effective in providing financial support and healthcare coverage to those who may need it.
The payroll tax on the earnings of individuals who may receive benefits helps to fund these programs, and this has allowed for a relatively stable system of social insurance.However, the effectiveness of social insurance programs is dependent on various socioeconomic and political forces. One major factor that affects social insurance programs is the state of the economy. During times of economic downturn, there may be fewer resources available to fund social insurance programs, which can lead to reduced benefits or increased financial strain on those who rely on these programs.
Political forces also play a significant role in the effectiveness of social insurance programs. Changes in government policies or priorities can impact the funding and structure of these programs, as well as the eligibility requirements for receiving benefits. Political polarization can also create challenges for social insurance programs, as competing interests and ideologies can make it difficult to reach consensus on how to best address social welfare issues.Another socioeconomic factor that can impact social insurance programs is demographic changes. As the population ages, there may be increased demand for programs like Social Security and Medicare, which can strain the resources available to fund these programs. Additionally, shifts in the labor market can impact the number of individuals who are eligible for unemployment compensation, and changes in the nature of work may also impact the stability and availability of employer-provided benefits.
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Fred received part of his recently deceased mother's estate and purchased a deferred anrwity whthin his phsp. Noin tie wants tis corporution. Fied he to receive payments from this registered annuity.
Answers
Fred is required to receive payments from this registered annuity.
The tax rules governing registered plans and annuities are designed to ensure that the plans and annuities are used as a retirement savings vehicle and not as a means of avoiding tax. The tax laws require that funds in registered plans and annuities be used only for retirement purposes.
The CRA has a number of rules that govern registered plans and annuities. One of these rules is that an individual who owns a registered annuity must begin to receive payments from the annuity no later than the end of the year in which they turn 71 years old. This is known as the requirement to begin withdrawals (RMDs). Failure to take RMDs can result in significant tax penalties for the individual.
According to the given scenario, Fred has purchased a deferred annuity within his RRSP. This means that the annuity has not yet begun to make payments to him. However, Fred is still required to begin receiving payments from the annuity by the end of the year in which he turns 71 years old. Therefore, Fred is required to receive payments from this registered annuity.
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