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Irina-Kira [14]
3 years ago
6

Please select the word from the list that best fits the definition

Business
2 answers:
irakobra [83]3 years ago
7 0

Answer:

The answer is Roth IRA

Explanation:

Definition: an individual retirement account allowing a person to set aside after-tax income up to a specified amount each year. Both earnings on the account and withdrawals after age 59½ are tax-free.

dalvyx [7]3 years ago
5 0
That is a Roth IRA
All others will always have some taxable portion.
The only thing about a Roth IRA is it never actually “matures” rather the individual will mature. Or they reach retirement age as the IRS sees it and at 59.5 years of age there are no taxes or penalties on Roth distributions.
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When average total cost is at its minimum
Shkiper50 [21]
D.) Marginal cost is equal to average total cost.  (Because when the average total cost is at its minimum, marginal cost is also at its minimum.)
4 0
3 years ago
Embree Corp. purchased a four-year insurance policy on May 1, Year 2, for $12,000, effective immediately. The company expensed t
BlackZzzverrR [31]

Answer:

a. Debit to Prepaid Insurance of $10,000

* Option for this question was missing so I have attached a similar question with this answer and answered accordingly.

Explanation:

Insurance purchased for four years was actually prepaid insurance on May 1, Year 2.

The company expensed all amount by positing following entry ( which is a wrong entry)

DR.   Insurance Expense  $12,000

Cr.    Cash                          $12,000

It should be entered as follow:

DR.   Prepaid Insurance   $12,000

Cr.    Cash                          $12,000

At the end of the year 2 8 months has been passed for which $2,000 is accrued and it will be recorded, as all the amount is charged to the expense account we will adjusted the remaining amount of $10,000 to correct this mistake.

Now at the end of year 2 the correct entry which will settle the expense and prepaid insurance as well is as follow.

DR.   Prepaid Insurance   $10,000

Cr.    Insurance Expense  $10,000

6 0
3 years ago
Swimmers Co. operates a set of water parks with leisure facilities for families in Aqualandia. During January 20X1, Swimmers acq
ElenaW [278]

The Swimmers Co.'s Boat's value in use (net present value) is Eur 321,221.

Data and Calculations:

Pre-tax discount rate = 5% p.a., excluding inflation

Inflation rate = 2% p.a.

Inflated discount rate = 7% (5% + 2%)

Salvage value = Eur 20,000

<u>Projected cash inflows:</u>

Year           Cash Inflows    Discount Factor     Discounted Cash flows

20X4         Eur 72,000              0.935                     $67,320

20X5        Eur 69,000               0.873                      60,237

20X6        Eur 64,000               0.816                      52,224

20X7        Eur 59,000               0.763                      45,017

20X8       Eur 52,000               0.666                      34,632

20X9       Eur 45,000               0.623                      28,035

20X10     Eur 38,000               0.582                        22,116

20X10     Eur 20,000              0.582                         11,640

Total discounted cash flows                         Eur 321,221

Thus, the Swimmers Co. will calculate the boat's value in use as Eur 321,221, taking into account all the discounted cash inflows.

Learn more: brainly.com/question/17185385

6 0
2 years ago
Westmoreland Corporation prepared its statement of cash flows for the year. The following information is taken from that stateme
vitfil [10]

Answer:

Cash Balance at the beginning of the year = $4,600

Explanation:

Opening Cash Balance = Closing Cash Balance - Net Increase (Decrease) in Cash

Opening Cash Balance = $18,100 - $13,500 = $4,600

5 0
3 years ago
Clicking the Format Painter once will allow you to apply the copied formatting repeatedly.
kicyunya [14]
The second answer is correct hope that helps
7 0
3 years ago
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