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4 years ago

Which factor makes an IRA superior to a regular stock portfolio for saving for retirement?

Business

2 answers:

taurus [48]4 years ago

8 0

its not D its A:IRA's are exempt from some taxes

Semenov [28]4 years ago

4 0

I think the answer to the factor that makes an IRA superior to a regular stock portfolio for saving for retirement is that IRAs usually include employer contributions. The answer is letter D.

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On January 1, Year 1, Chaco Company sold $300,000 of 10% twenty-year bonds. Interest is payable semiannually on June 30 and Dece

Andrei [34K]

Answer:

The amount of effective interest expense that chaco will record in the first six months is $14,375

Explanation:

interest payment that will be first made is on June 30, Year 1. Therefore, the outstanding balance used in the calculation is the issue price.

The interest expense is calculated by these formula

Interest expense = Effective semiannual interest rate × Outstanding balance

Interest expense = (8% ÷ 2) × $359,378 = $14,375

So the interest expense is gotten as %14,375

8 0

3 years ago

Read 2 more answers

A few years ago, Michael purchased a home for $380,000. Today the home is worth $336,000. His remaining mortgage balance is $142

Vaselesa [24]

Answer:

The maximum amount he can borrow is $126,800.

Explanation:

Given:

Michael purchased a home for $380,000.

Market value of home = $336,000.

Current mortgage balance = $142,000.

Rate of borrowing at the market value = 80%.

Now, to find the maximum of amount Michael can borrow.

So, we find first the maximum mortgage amount:

Maximum mortgage amount = 80% of market value.

$=\frac{80}{100}\times 336,000$

$=0.80\times 336,000$

$=\$268,800.$

As, he still owes $142,000 mortgage in his home.

Now, to get the maximum amount he can borrow we use formula:

Maximum amount he can borrow = Maximum mortgage amount - Current mortgage balance.

Maximum amount he can borrow $=\$268,800-\$142,000$

Maximum amount he can borrow $=\$126,800.$

Therefore, the maximum amount he can borrow is $126,800.

6 0

4 years ago

On the first day of 2016, Holthausen COmpany acquired the assets of Leftwich Company including several intangible assests. These

tamaranim1 [39]

Answer:

Holthausen Company and Leftwich Company

Intangible Assets:

a) Amount to be capitalized:

1) Patent: $200,000

2) Trademark: $500,000

3) Non-competition Agreement: $300,000

b) Amount of Amortization Expense for 2016:

1) Patent: $200,000/7 years = $28,571.43

2) Trademark: $500,000/15 years = $33,333,33

3) Non-competition Agreement: $300,000/5 = $60,000

Explanation:

The fair values of the "plentiscope" patent and Leftwich's branded trademark should be capitalized as intangible assets, while the cost of the non-competition agreement with Leftwich's principal researcher should be capitalized.

For the amortization of the Leftwich-connected intangibles, we have adopted the straight-line method, in the absence of any prescribed method. The patent expiration in 7 years was used as the basis for its useful life, despite Holthausen belief that the product could be marketable for at least 20 years.

The trademark was amortized over its remaining useful life of 15 years as given, while the non-competition agreement was amortized for 5 years when the agreement remains effective.

7 0

4 years ago

2-B. A farmer estimates that if he harvests his soybean crop now, he will obtain 1,000 bushels, which he can sell at $3.00 per b

Sholpan [36]

Answer:

the farmer should wait for two weeks in order to be able to obtain 3,000 bushels and sell then at $2 per bushel, total revenue $6,000

Explanation:

time to harvest bushels price revenue

today 1,000 $3 $3,000

1 week 2,000 $2.50 $5,000

2 weeks 3,000 $2 $6,000

3 weeks 4,000 $1.50 $6,000

4 weeks 5,000 $1 $5,000

5 weeks 6,000 $0.50 $3,000

net increase per week = +1,200 bushels - 200 bushels = 1,000 bushels

7 0

4 years ago

For a recent year, TechMart reported sales of $36,241 million. Its gross profit was $9,785 million. What was the amount of TechM

nydimaria [60]

Answer:

$26,456 million.

Explanation:

The formula to calculate the gross profit is:

Gross profit=Sales-cost of goods sold

Using this formula we can calculate the cost of goods sold as we have the information about the gross profit and the sales:

Cost of goods sold=Sales-Gross profit

Cost of goods sold=$36,241-$9,785

Cost of goods sold=$26,456

According to this, TechMart's cost of goods sold was $26,456 million.

8 0

3 years ago