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In a traditional IRA there is either an equal or near to equal contribution made by employer. So, if $3,500 is to be invested let's assume that another $3,500 to be invested by employer with a total contribution (of 3500+3500=7000) the net contribution would be the same as the total contribution, tax rate is not given. Let's assume tax assume tax slab of 28%. Traditional IRS-matching contribution from employer Net contribution-$3,500+3,500=7,000 Roth IRA Assumption-Tax bracket of 28% Net contribution= amount invested minus tax=$3500 minus (28% on 3500)= $3500- $980=$2520 Hence net contribution is not of taxes in case of Roth IRA Once the traditional IRA or Roth IRA is established, you decide to invest the proceeds in a mutual fund. Identify the type of mutual fund you would select.
Answer:
A) No, it is preferable to compare the fund against the Morgan Stanley Capital International Europe, Australasia, Far East (EAFE) Index because it covers international securities.
Explanation:
As It is important that a specific mutual fund should be compared against the benchmark i.e. considered appropriate. The performance of the international fund should also be compared against the foreign stock index like EAFE index
So in this way the agent should be responded to the current situation
Therefore the option a is correct
Answer:
232.08 days
Explanation:
<em>Inventory to sales conversion period is the average length of time it will take a business to sell its stock items and then replace them. It give s an indication of patronage from customers and the shorter the better.</em>
It is determined as follows:
Average inventory period
= (Average inventory/cost of goods sold) × 365 days
= (110,000/173,000) × 365 days
= 232.08 days
<em>It takes on the average 232.08 days to sell and replace stock</em>
Answer:
<u>A. The illiquidity of the investment</u>
<u>Explanation:</u>
This rightly could be considered as the MOST important item to disclose to a customer who invests in a fund of hedge funds. Let's imagine a customer who invests in a hedge fund and a few days later feels he could take back out from his investment, only to learn about the illiquid nature of hedge fund investment.
For clarity, to say that<em> hedge funds are illiquid means that they require all investors to keep their money in the fund for at least one year, </em>often called the lock-up period. With certain limitations on withdrawals.
