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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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Heather wants to buy a new tent. she so far has saved $23 and her parents have told her that any remaining money she saves they

brilliants [131]

A $66.50

First take the money she already has from the total.
156-23=133

Then divide this by two. She only needs to save half of this as her parents will match the half she saves.
133÷2=66.5
$66.50

7 0

2 years ago

1,1. What is a Fixed Asset Register.Explain how this document assists

alukav5142 [94]

Answer:

A fixed asset register is a detailed list of all fixed assets which are owned by a business. Its main purpose is to enable an organization to accurately record and maintain both financial and non-financial information pertaining to each asset and to easily identify and verify an asset when required.

Explanation:

4 0

3 years ago

What is the amount of earnest money deposit paid by the purchaser called?

sesenic [268]

Determined by negotiation is the amount of earnest money deposit paid by the purchaser.

6 0

3 years ago

On July 1, an investor holds 50,000 shares of a certain stock. The market price is $30 per share. The investor is interested in

Yakvenalex [24]

Answer:

The strategy the investor should follow is to short 26 contracts of September Mini S&P 500 futures.

Explanation:

Provided information;

Amount of shares of a certain stock =50,000

The market value per share = $30

Portfolio value= P = 50,000 × 30 = $1,500,000

Beta of stock β = 1.3

current Index futures price = 1,500

Multiplier = $50

Futures Value A = 1,500 × 50 = $75,000

The formula used in calculating the number of contracts =

Number of contracts N = (β × P) ÷ Future values

N = (1.3 × $1500000) ÷ $75000

N = $1950000 ÷ $75000

Number of contracts N = 26

The strategy the investor should follow is to short 26 contracts of September Mini S&P 500 futures.

5 0

3 years ago

A homeowner paid $85,000 for a house three years ago. The house sells today for $110,000. How much has the property appreciated?

Dima020 [189]

Answer:

Option (a) is correct.

Explanation:

Amount paid for house three years ago = $85,000

Selling price of house today = $110,000

Therefore,

Property appreciated by following percentage:

= (change in value ÷ Amount paid for house three years ago) × 100

= [($110,000 - $85,000) ÷ $85,000] × 100

= ($25,000 ÷ $85,000) × 100

= 0.2941 × 100

= 29.41%

6 0

3 years ago