If you take a non-qualified distribution, you are subject to ordinary income tax on the distribution and a 20% penalty tax. The penalty may not apply: if you are age 65 or older, if you are disabled or.
Answer: offset
Explanation:
An offset is a countertrade agreement whereby a company offsets the hard currency purchase of a product that is unspecified from a particular nation in the future.
An offset involves the seller helping in marketing products that are manufactured by the buying nation or allowing part of the assembly of the exported product's to be carried out by the manufacturers in the buying nation.
Offset is common in defense, aerospace, and some infrastructure industries and it is common for larger and expensive items.
Answer:
1. $13,500
2. $13,500
3. $336,500
Explanation:
1. Bad debt expense:
= Sales × Percent of sales uncollectible
= $900,000 × 1.5%
= $13,500
Therefore, the bad debt expense for the year 2019 is $13,500.
2. Allowance for Doubtful accounts = $13,500
3. For the end of 2019, what is the company's net realizable value:
= Accounts receivable - Allowance for Doubtful accounts
= $350,000 - $13,500
= $336,500
Answer:
he would be part of the energy distribution process
Explanation:
As Viet drives around and checks meters to document the amount of electricity used in homes since the electricity is distributed off a power line into the house and then within the house by the wiring to the lights and the electrical outlets for usage by the inhabitants.
Answer:
The price level and GDP will fall.
Explanation:
A decline in money supply will increase the interest rate, as a result the investment will decline. This will cause production to decrease. An increase in tax will cause the cost of production to increase, reducing the supply. The taxes will decrease the disposable income, further reduing demand and cnsumption. A pessimistic expectation of business will also cause production to decline.
A rise in the value of dollars will make exports expensive, reducing exports. All of this will cause the GDP and price level to decline.
