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3 years ago

Why is expected income a large factor in choosing a retirement plan in which to invest?

2 answers:

8 0

<span>Because you will be investing in it for the rest of your life. The yields should match the amount you are able to contribute. By doing this, you will be able the needs that needed to be made on current year while not throwing away the money for the future since the fruit of your retirement plan will be ripped when you're no longer in a productive age,
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UNO [17]3 years ago

5 0

When you are choosing a retirement plan to invest in, you need to figure out what the expected income from the investment is. When you start to invest, make sure you are aware of your current income and expenses and how those will go up or down once retirement hits. Making sure your end result covers your cost of living and expenses is the end goal, so the steps you take to acheive your goal is important.

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Amy, a single individual and sole shareholder of Brown Corporation, sold all of the Brown stock for $30,000. The stock basis was

emmasim [6.3K]

Answer:

A) a $50,000 ordinary loss and $70,000 LTCL

Explanation:

given data

Brown stock = $30,000

stock basis = $150,000

time = 3 year

solution

we know that here stock is Section 1244 stock and original owner is Amy

first loss is for single individuals is = $50000

and this loss is treated as a ordinary loss LTCL because stock held more than 12 month

remaining amount = 70000

and we know it take here time 3 year

so total loss realized is

total loss realized $50000 + $70000

total loss realized = $120000

so correct option is A) a $50,000 ordinary loss and $70,000 LTCL

7 0

3 years ago

When analyzing financial statements it is important to recognize that accounting distortions can arise. Accounting distortions a

Lunna [17]

Answer:

The correct answer is B. arise often through application of (correct) accounting principles .

Explanation:

Accounting analysis is an important precondition for an effective financial analysis. This is because the quality of the financial analysis, and the inferences made, depends on the quality of the implicit accounting information, the raw material for the analysis. Even though the accounting according to the accumulation principle allows to perceive the financial performance and condition of a company, which is not possible in the case of cash-based accounting, the imperfections of the company can distort the economic content of the financial reports.

5 0

3 years ago

Mandesa, Inc. has current liabilities of $9,500,000, current ratio of 2.0 times, inventory turnover of 12 times, average collect

Ksivusya [100]

Answer:

$5,569,634

Explanation:

Current ratio = current assets = 2× $9,500,000= $19,000,000

Inventory turnover = 12 times = $65,000,000÷ 12= $ 5,416,667

Average collection period (APC) = 45 days = account receivable × 365 days

=> Account receivable = (45 × $65,000,000 )÷ 365 days = $8,013,699

=> cash and marketable securities =$ 19,000,000 - $5,416,667- $8,013,699 = $5,569,634

3 0

3 years ago

Read 2 more answers

A system of accounting for manufacturing operations that produces timely information about inventories and manufacturing costs p

sasho [114]

Answer:

The answer is cost accounting system.

Explanation:

Cost accounting is a tool that allows you to estimate the actual price of the products, which allows you to establish a profit margin for each unit sold. Depending on the activity of the company, several techniques are used such as production costing, process costing, standard costing, absorption costing, etc.

5 0

3 years ago

The actual cash received from cash sales was $36,006 and the amount indicated by the cash register total was $36,010. Journalize

andrezito [222]

Answer:

Cash shorting = 36,010 - 36,006 = $4

DR Cash $36,006

Cash Short and Over $ 4

CR Sales $36,010

There is a shortage of cash as the sales figure is more than the cash amount. The Cash Short and Over account will therefore be debited to reflect this expense.

7 0

3 years ago