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3 years ago

Which of the following is a characteristic of the coverdell education savings account?

Business

2 answers:

Natali5045456 [20]3 years ago

7 0

Answer:

D) there is a maximum yearly contribution limit is the answer,

Explanation:

Coverdell education savings account also known as Coverdell ESA, is a tax-advantaged investment account in the U.S.; it is designed to encourage savings to cover future expenses related to education, like books, tuition, or uniforms. Since 2013, the permanent limit is $2,000, so letter D is the right answer.

bulgar [2K]3 years ago

4 0

D. There is a maximum yearly contribution limit

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Suppose that a there are two goods, X and Y. The price of Good X is $5 and the price of Good Y is $10. The seller of Good X offe

Lemur [1.5K]

Answer:

The slope of the budget constraint is -0.2. The solution is attached in the picture below

Explanation:

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3 years ago

Patterson Corporation began the year with retained earnings of $325,000. During the year, the company issued $500,000 of common

Vanyuwa [196]

Answer:

The company's revenue for the year is $1,615,000.

The correct option is A. $1,615,000.

Explanation:

Given:

Patterson Corporation began the year with retained earnings of $325,000. During the year, the company issued $500,000 of common stock, recorded expenses of $1,500,000, and paid dividends of $90,000.

If Patterson’s ending retained earnings was $350,000.

Now, to find the company's revenue for the year.

Opening Retained earnings = $325,000.

Common stock = $500,000.

Recorded expenses = $1,500,000.

Paid dividends = $90,000.

Closing Retained earnings = $350,000.

Now, to get the revenue of the company we put formula:

Revenue = (Recorded expenses + paid dividends + closing Retained earnings) - opening Retained earnings

$Revenue=(1500,000+90,000+350,000)-325,000$

$Revenue=1940000-325000$

$Revenue=1615,000.$

Therefore, the company's revenue for the year is $1,615,000.

The correct option is A. $1,615,000.

4 0

4 years ago

Duane and Evan orally agree to a transfer of forty acres of farmland. Evan asks Finance Bank to lend him the funds to buy the la

harina [27]

Answer:

a. Finance Bank

Explanation:

According to Statute of Fraud, the agreement must be in writing to be within the statute and enforceable. The oral contracts are usually enforceable but the transfer of land needs to be in writing to be enforceable according to law of Statute of Fraud. If the contract is in writing it would be adequate to be enforceable. While the contract with bank must have some written form which will make it enforceable contract by the finance bank.

8 0

3 years ago

Read 2 more answers

Jamie earned a raise in pay when he finished the training for the Technician 2 position. He will receive another raise when he f

coldgirl [10]

Answer: Structured compensation program

Explanation: In a structured compensation program the company structures the pay of employees on the basis of a predetermined criteria. The abilities needed to get promotion in such structure could be fixed on the basis of time period served or any other such criteria.

In the given case, Jamie gets promotion at every stage by passing a certain test. Thus, we can conclude that the company is performing structured program.

5 0

3 years ago

unlike other types of play, dramatic play is purely for fun and is not meant to be a learning experience. True or False

____ [38]

Answer:

false

Explanation:

you are always learning something

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3 years ago