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ANEK [815]
4 years ago
8

Evie must pay an additional tax on the early distribution from her 401(k) of: a. 0% b. 5% c. 10% d. 15%

Business
1 answer:
almond37 [142]4 years ago
6 0

Answer:

c. 10%

Explanation:

Law Imposes additional 10% tax on early distribution of 401 (k) retirement plan. This law is to discourage the use of retirement fund for other purposes than the retirement plan. Evie want early distribution of her funds so she must pay 10% additional tax on these funds. So option c. 10% is correct for 401(k) retirement plan.

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The location-specific advantages argument associated with John Dunning helps explain why firms prefer FDI to licensing or to exp
harkovskaia [24]

Answer:

false

Explanation:

False. The location-specific advantages argument associated with John Dunning does help explain the direction of FDI. However, the location-specific advantages argument does not explain why firms prefer FDI to licensing or to exporting.

quizlet

8 0
3 years ago
Kelly Company issued $100,000 of 5%, 10-year bonds at 102 to a single investor. Each of the $1,000 bonds was convertible into 10
Angelina_Jolie [31]

Answer:

The amount credited to common stock upon conversion of the bonds is $101000

Explanation:

When the bond was issued there would been a debit of $102000($100000*$102/$100) to cash account and credit of $102000 to liabilities split into $100000 bonds payable and $2000 bond premium.

However, on conversion to common stock with premium of $1000 outstanding in the books,the amount to be credited into common stock account is the issue value less outstanding premium.

The amount credited to common stock=$102000-$1000=$101000

This can be shown with entries below:

Dr Bond payable     $100000

Dr Bond premium    $1000

Cr Common stock                      $101000

3 0
3 years ago
Create a business decision based on the company where you work (can be any company), a small business you hope to own someday or
Naya [18.7K]

The correct answer to this open question is the following.

The business decision based on the company where you work would be this. To open a new small branch of the fast-food restaurant as a concession in the municipal stadium.

The incremental cost is the future costs as a result of this business decision. This means that we have to consider extra money on a monthly basis to pay for the rent of the concession booth at the Municipal stadium.

The opportunity cost is that instead of opening our branch in the new downtown mall, we decided to move with the stadium option. Having decided to be at the mall could have allowed us to have more clients on a daily basis, especially on weekends.

The sunk cost is a cost from the past, an historical cost that really is not important in the present time to make a decision. Maybe, just a reference to a case in the past. And that's it.

Here we can refer to a cost when we opened the first location of the restaurant, but it was five years ago. Those were different situations, necessities, and conditions.

8 0
3 years ago
Peak performance sporting goods company has reported net income after taxes = $3,750,000, with 18,250,000 shares outstanding. ba
LiRa [457]
<span>The basic earning per a share can be calculated by dividing the net income after taxes by the number of shares outstanding. Thus we have that the basic earning per share is 3,750,000/18,250,000 = .20547 dollars per share. The basic earning per share for peak performance is .205 dollars per share.</span>
7 0
3 years ago
A kind of annuity that consists of cash flows of equal amounts occurring at regular intervals and that continues indefinitely is
lozanna [386]

Payment is a type of annuity that comprises of equal financial flows that happen at regular periods and last forever.

Describe an annuity.

The goal of nationwide annuities is to increase your retirement income. They are long-term agreements with an insurance provider where you put money. You receive income in the form of recurring payments as compensation for your investment.

many annuity types

There are several different annuity product categories to pick from. Your financial professional can design a strategy to fit your unique objectives, whether you're searching for income possibilities, tools for legacy planning, or spousal protection.

to know more about annuity

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4 0
2 years ago
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