What is a standing order?

Walter reached age 70 1/2 in September of 2018. By what date is he required to begin taking the RMD from his traditional IRA?A.

harina [27]

Answer: A. December 31, 2018

Explanation: RMD also known as required minimum distribution is a withdrawal one has to take from his or her retirement plan once he or she attains the age of 70and a half years old.

According to IRAs, once a person attains the age of 70.5 which is six months after the person's 70th birthday, the individual is entitled to take his or her RMD by the 31st of December following his or her 70.5 birthday.

According to the above question, Walter is entitled to take his RMD on the 31st of Dec, 2018.

3 0

3 years ago

Garcia Co. sells snowboards. Each snowboard requires direct materials of $122, direct labor of $52, and variable overhead of $67

lianna [129]

Answer:

$336.60 per unit

Explanation:

The computation of selling price per unit is given below:-

For computing the selling price per unit first we need to follow some steps which is shown below:-

Total fixed costs = Fixed overhead costs + Fixed selling and administrative costs

= $679,000 + $114,000

= $793,000

Fixed cost per unit = Total fixed costs ÷ Number of units expected to be produced

= $793,000 ÷ 12,200

= $65 per unit

Total costs per unit = Direct materials + Direct labor + Variable overhead + Fixed cost per unit

= $122 + $52 + $67 + $65

= $306

Now,

Selling price per unit = Total cost per unit × (1 + Markup)

= $306 × (1 + 10%)

= $306 × 1.1

= $336.60 per unit

7 0

4 years ago

Do it in the balance sheets I presented or make one similar in sheets.

Stels [109]

The preparation of the trial balance and balance sheet of Sabourin Realty as of September 30, 2020, is as follows:

1. Sabourin Realty

<h3>Trial Balance</h3>

As of September 30, 2020

Accounts Debit Credit

Cash $84,645

Accounts receivable 5,325

Supplies 1,250

Equipment 12,700

Automobile 28,250

Building 182,100

Land 103,200

Accounts Payable $7,325

Bank Loan 37,570

Mortgage Payable 105,000

Capital, J. Sabourin 267,575

Totals $417,470 $417,470

2. Sabourin Realty

<h3>Balance Sheet</h3>

As of September 30, 2020

<h3>Assets</h3>

Current Assets:

Cash $84,645

Accounts receivable 5,325

Supplies 1,250

Total current assets $91,220

Long-term Assets:

Equipment 12,700

Automobile 28,250

Building 182,100

Land 103,200 $326,250

Total assets $417,470

<h3>Liabilities and Equity:</h3>

Current liabilities:

Accounts Payable $7,325

Bank Loan 37,570

Total current liabilites $44,895

Long-term liabilities:

Mortgage Payable 105,000

Total liabilities $149,895

Equity:

Capital, J. Sabourin 267,575

Total liabilities and equity $417,470

<h3>What is a balance sheet?</h3>

A balance sheet is a financial statement that summarizes the financial position of an entity at a point in its fiscal period.

The financial position shows the entity's assets (what it owns), liabilities (what it owes creditors), and equity (what it owes the owner).

At any date of the financial period, the assets are always equal to the liabilities and equity. Balance sheets, like other financial statements, are always prepared from the Trial Balance.

Learn more about preparing the balance sheet at brainly.com/question/22941895

#SPJ1

7 0

2 years ago

Assume the risk-free rate is 3%. Calculate the stock's expected return, standard deviation, coefficient of variation, and Sharpe

Fed [463]

Answer and Explanation:

a) Expected Return = P1 * X1 + P2 * X2 + .... Pn * Xn

Expected Return = (0.1 * -40%) + (0.1 * -14%) + (0.3 * 14%) + (0.4 * 39%)+ (0.1 * 59%)

Expected Return = -4% - 1.4% + 4.2% + 15.6% + 5.90% = 20.30% --> Answer

b) Standard deviation is square root of probability weighted squared deviations of individual values from expected values.

Std deviation = 27.98%

c) Coefficient of Variayion = Standard deviation/Expected return = 27.98%/20.30% = 1.38

d) Sharpe' Ratio = (Expected return - Rsik free rate)/Std deviation = (20.3% - 3%)/27.98% = 0.62

8 0

4 years ago

Using the interest formula, compute the interest and maturity values for each of the following notes: Principal Interest Term Ra

Ad libitum [116K]

Answer:

The answer is:

A: I=$76,67 MV=$4076,67

B: I=$293,75 MV=$10293,75

C: I=$138,125 MV=$6638,125

D: I=$36,75 MV=$936,75

Explanation:

Notes are often a key component of how a business finances its operations. For purposes of accounting, it's important to be able to calculate the maturity value of a note to know how much a business will have to pay or receive when the note comes due.

In general, notes are a form of short-term commercial financing. The maturity value is the amount of money that the company would receive when the note comes due.

When you know the principal amount, the rate, and the time, the amount of interest can be calculated by using the formula:

I = P*r*t

I= Total interest

P= principal

r= interest rate

t= time

To calculate the Maturity Value you need to sum the principal to the total interest accumulated over time.

Maturity Value= Principal + Interest

<u>In this exercise:</u>

Principal: $4000 r=11,5% t=60 days

I=4000*0,115*(60/360)= $76,67

Maturity Value= 4000 + 76,67= $4076,67

Principal: $10,000 r=11.75% t=90 days

I=10000*0,1175*(90/360)= $293,75

Maturity Value= 10000+ 293,75= $10293,75

Principal= $6,500 r=12.75% time=60 days

I=6500*0,1275*(60/360)= $138,125

Maturity Value= 6500+ 138,125= $6638,125

Principal= $900 r= 12.25% time=120 days

I=900*0,1225*(120/360)= $36,75

Maturity Value= 900+ 36,75= $936,75

4 0

4 years ago