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2 years ago

Which type of retirement account does your employer contribute to?

1 answer:

8 0

The employer contributes retirement account such as contributions to defined contributions plans like 401(k) plans.

<h3>What do you mean by retirement fund?</h3>

Retirement funds, also known as pension funds, are investment options that allow a person to save a portion of his or her retirement income.

These funds provide a standard source of income after retirement; a retiree receives a pension from his investment until his death.

Thus, The employer contributes retirement account such as contributions to defined contributions plans like 401(k) plans.

learn more about retirement funds here:

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The Closed Fund is a closed-end investment company with a portfolio currently worth $200 million. It has liabilities of $3 milli

iragen [17]

Answer:

$39.40

Explanation:

According to the situation, the solution is as follows

The Net asset value of the fund is

= (Current worth of portfolio - liabilities) ÷ (outstanding shares)

= ($200 million - $3 million) ÷ (5 million shares)

= $39.40

Basically we applied the above formula in order to determine the net asset value of the fund.

8 0

3 years ago

On November 2, 2020, Ellie purchased and placed in service a building that cost $5,600,000. An appraisal determined that 15% of

tia_tia [17]

Answer:

Ellie

A. The property is classified for 27.5-year MACRS since more than 80% of the gross rental income emanates from residential dwellings.

B. The life of the asset for this type of MACRS is 27.5 years.

C. Ellie's cost recovery for 2020/2018 is $28,848.

Explanation:

a) Data and Calculations:

Cost of building and land = $5,600,000

Appraised cost of land = $840,000 ($5,600,000 * 15%)

Appraised cost of building = $4,760,000 ( ($5,600,000 * 85%)

Rent from the bottom floor leased to a retail business = $80,000

Rent from the other floors as rental apartments = $350,000

Total value of rental income = $430,000

Retail business % of rental income = 19%

Residential apartments % of rental income = 81%

Cost recovery = $173,091 ($4,760,000/27.5) per annum

For 2 months, the cost recovery = $28,848 ($173,091 * 2/12)

8 0

3 years ago

Suppose that a simple economy produces only the following four goods and services: shoes, hamburgers, shirts, and cotton. Fu

allsm [11]

Answer:

a. If the base year is the year 2009, then real GDP for 2016 equals <u>$7,600</u>. Round answer to nearest penny and the real GDP for 2017 equals <u>$8,640</u>. Round answer to the nearest penny.

b. The annual growth rate of real GDP in 2017 is <u>13.68%</u>. Enter response as a percentage rounded to 2 decimal places.

Explanation:

2009 Statistics 2016 Statistics 2017 Statistics

Quantity Price Quantity Price Quantity Price

Shoes 90 $50.00 100 $60.00 100 $65.00

Hamburgers 75 $2.00 100 $2.00 120 $2.25

Shirts 70 $40.00 60 $35.00 85 $35.00

Cotton 12,000 $0.90 12,000 $0.75 13,000 $0.80

GDP 2009 = (90 x $50) + (75 x $2) + (70 x $40) = $7,450

GDP 2016 = (100 x $60) + (100 x $2) + (60 x $35) = $8,300

GDP 2017 = (100 x $65) + (120 x $2.25) + (85 x $35) = $9,745

real GDP 2016 = (100 x $50) + (100 x $2) + (60 x $40) = $7,600

real GDP 2017 = (100 x $50) + (120 x $2) + (85 x $40) = $8,640

growth rate = (8,640 - 7,600) / 7,600 = 0.1368 or 13.68%

5 0

3 years ago

What kinda of block can result from poor language skills

lesantik [10]

Answer:

Lack of communication can cause minunderstanding and confusion with both parties

Explanation:

5 0

3 years ago

Yakov is skilled at making both bracelets and necklaces. Yakov has no preference between making bracelets or necklaces since he

weqwewe [10]

Answer:b. It shifts to the left

Explanation:

The supply will increases as price increases and vice versa. When the price increases and supply also increases the supply curves shifts to the right and when the price decreases and supply equally decreases supply curves shifts to the left.

In the above scenario since bracelet and necklace are exclusive products the sellers will be willing to supply more of necklace since the price has increased and less of bracelet since the price has fallen and the fall in price which leads to fall in supply of bracelet will shift bracelet supply curves to the left.

6 0

4 years ago