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3 years ago

Which of the following is generally true about 401(k) and 403(b) retirement plans?

1 answer:

6 0

A 401k is a retirement savings plan that is hosted/sponsored by the employer.

The 403b plan is also known as a TSA (tax-sheltered annuity) which is a retirement plan for **specific employees** that are from public schools, certain ministers, or they're employees of certain tax-except (excused) organizations.

You might be interested in

. Which of the following individuals commonly use finance in the course of their job?I. Chief financial officersII. AccountantsI

sergiy2304 [10]

Answer:

E. I, II, III, and IV

Explanation:

Chief Financial Officer is the officer in charge of all the financial transactions who, monitor the business financially, so he uses his knowledge of finance in doing analysis and evaluation of the transactions.

Accountants do not only accounting but has also to perform the financial job many a times in calculating the amounts of each transactions.

Security Analysts are core finance related people, they basically evaluate each aspect in terms of finance of the security, how profitable it would, what are the related costs and benefits, etc:

Strategic managers use finance as to make the strategy that best suits the company to grow also further it helps the manager to take the decisions regarding the funds needed and the financial viability of the decisions to be made.

5 0

3 years ago

January 1, 2021, Woody Forrest Corporation granted executive stock options to purchase 41,000 of its common shares at $9 each. T

ICE Princess25 [194]

Answer:

174,250 shares

Explanation:

The computation of the number of shares to be used in computing diluted earnings per share is shown below:

Proceeds from exercise of options (a) $369,000 (41,000 shares × $9)

Used to repurchased for common stock (b) 30,750 shares (41,000 shares × $9 ÷ $12)

Number of shares for exercised (c) 41,000 shares

Less: repurchased shares (d) -30,750 shares

Diluted common shares {e = c - d} 10,250 shares

Add: Common shares (f) 164,000 shares

Total number of shares for diluted earning per share 174,250 shares

We ignored the market price of common stock as it is not relevant.

8 0

3 years ago

The actual economy is more complicated than the one illustrated in the previous circular-flow diagram of a simple economy.

dsp73

It seem like there are information missing on the question posted. Let me answer this question with all I know. So here is what I believe the answer is, <span>the actual economy is more complicated than the one illustrated in the previous circular-flow diagram of a simple economy.</span>

Hope my answer would be a great help for you. If you have more questions feel free to ask here at Brainly.

6 0

4 years ago

True or False: Computing interest using the sum-of-the-digits method allocates more interest at the beginning of a loan than at

Serhud [2]

Answer:

True

Explanation:

To illustrate how the sum-of-the-digits method allocates interest we can use a lease example:

You are the lessor and you will lease a machine during 4 years. The lease requires 4 equal payments of $100,000 at the beginning of the year. After the lease, the asset's salvage value = $0.

The asset's current value = $300,000, so total interests received = $100,000

Using the sum-of-the-digits method, you will allocate interest as follows:

year 1 = 3/6 x $100,000 = $50,000
year 2 = 2/6 x $100,000 = $33,333
year 3 = 1/6 x $100,000 = $17,000

The largest portion of interests is allocated during the beginning of the loan.

5 0

3 years ago

Last year mike bought 100 shares of dallas corporation common stock for $53 per share. during the year he received dividends of

Pepsi [2]

Mike brought 100 shares costing $53 each.
Total costs of shares= 100*53
=$5300

He got dividends of $1.45 per share. A dividend is money that is earnt back from a share.
Total dividend amount = 1.45*100
=$145

I'm assuming that Mike sold his shares at the end of the year. He sells for $60 each.
Total sales amount=60*100
=$6000

The rate of return in this instance can be defined as the amount of money made back from a share.

Rate of return= total earnings/ costs

Total costs= $5300
Total earnings=$6145

6145/5300=1.1594
=15.9%

Hope this helps! :)

4 0

3 years ago