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4 years ago

Another term for a 529 plan is?

2 answers:

4 0

<span>The other term for a 529 plan is qualified tuition plans. This plan is designed to encourage parents to save for future college costs. Moreover, there are two types of 529 plans, one is prepaid tuition plans and the other is college savings plans. </span>

alukav5142 [94]4 years ago

4 0

Qualified tuition plan.

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Blossom Company purchased a machine with a list price of $168000. They were given a 10% discount by the manufacturer. They paid

mixer [17]

Answer:

$11,870

Explanation:

Given:

List price = $168,000

Discount = 10%

Shipping cost = $1,000

Sales tax = $6,500

Salvage value = $40,000

Useful life = 10 years

Now,

Purchasing price = List price - Discount

Purchasing price = $168,000 - [10% × $168,000]

Purchasing price = $168,000 - $16,800

Purchasing price = $151,200

Costs that are directly related to the purchase of asset are capitalized.

Thus,

Cost = Purchasing price + Shipping costs + Sales tax

Cost = $151,200 + $1,000 + $6,500

Cost = $158,700

Now,

Annual straight line depreciation = $\frac{Cost-Residual Value}{Useful life}$

Annual straight line depreciation = $\frac{158,700 - 40,000}{10}$

Annual straight line depreciation = $\frac{118,700}{10}$

Annual straight line depreciation = $11,870

8 0

3 years ago

Why is the participation of young invincibles important to the success of the aca health insurance marketplaces?

alexandr1967 [171]

Answer:

First of all, young invincibles are young people, usually between 18 and 34 years old, that expect to remain healthy and therefore are not willing to buy health insurance.

The problem is that effectively young invincibles use less health care than other age groups but they serve as a balance for people with preexisting conditions that use health care a lot.

When the amount of young invincibles that acquire insurance is too small compared to preexisting conditions groups, health care costs will increase due to adverse selection and health care premiums will also increase.

3 0

3 years ago

intext:"Jared's Co. has total assets of $60,000 and total liabilities of $40,000. Its debt-to-equity ratio is"

fomenos

Answer:

Debt to Equity ratio = 2

Explanation:

The debt to equity ratio is a financial ratio to measure the proportion of debt financing in a company's capital structure in relation to the shareholders' equity. The debt to equity ratio can be calculated as follows,

Debt to Equity ratio = Total Liabilities / Total Equity

To calculate the value of total equity, we will use the basic accounting equation which is,

Total assets = Total Liabilities + Total Equity

60000 = 40000 + Total Equity

Total Equity = 60000 - 40000 = $20000

Debt to Equity ratio = 40000 / 20000

Debt to Equity ratio = 2

7 0

4 years ago

During a year, a firm's gross investment is $2 comma 000 and net investment is $1 comma 600. What is the firm's depreciatio

Leto [7]

Answer:

Option (D) is correct.

Explanation:

Given that,

During a year,

Firm's gross investment = $2,000

Firm's net investment = $1,600

Firm's depreciation = ?

Therefore,

Gross investment = Net investment + Depreciation

$2,000 = $1,600 + Depreciation

$2,000 - $1,600 = Depreciation

$400 = Depreciation

Hence, the firm's depreciation is $400.

6 0

4 years ago

A business cycle reflects changes in economic activity, particularly real gdp. the stages of a business cycle are?

Lostsunrise [7]

The business cycle goes through four major phases: expansion, peak, contraction, and trough.

A business is an activity that makes a living or makes money by manufacturing or buying and selling products.

Enterprise is defined as an organization or business entity engaged in commercial, industrial, or professional activities. A business can be a commercial or non-commercial organization. The types range from corporations with limited liability to sole proprietorships, corporations and partnerships.

The definition of business is the profession or trade, the buying and selling of goods or services for profit. A business example is agriculture. An example of a transaction is the sale of a home.

Learn more about business here:brainly.com/question/24553900
#SPJ4

8 0

2 years ago