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3 years ago

Select all of the types of retirement accounts.

1 answer:

8 0

The retirement accounts from the given options are:
<span>IRA
</span><span>401(k)
403(b)

A 401(k) refers to a retirement saving plans that are sponsored by an employer and it gives laborers a chance to spare and contribute a bit of their paycheck before charges are taken out. Expenses aren't paid until the point that the cash is pulled back from the record.
A 403(b) plan refers to a retirement plan that is for particular representatives of government funded schools, tax excluded associations and certain ministers and these plans can put resources into either annuities or shared assets.
IRA (individual retirement account)is a plan for the people who may set up to organize and get ready for retirement. For the most part, an IRA design enables you to spare cash and concede charges or taxes until the point when you retire.</span>

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Who determines whether a corporation will pay dividends to stockholders?

weqwewe [10]

The board of directors will pay dividends to the stockholders.

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3 years ago

An investor buys an 8% municipal bond in the secondary market on a 10% basis. The investor does not accrete the bond discount an

adell [148]

Answer: C

Explanation:

This is because although the coupon rate is devoid of federal income tax any market discount is taxed as interest income earned. So so if there is a way that they can be taxed without jeopardizing their basic Federal income tax-free status, why not? The discount can be accreted annually and tax paid, or the tax can be paid at maturity or sale date.

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3 years ago

Read 2 more answers

A student has 4 mangos, 2 papayas, and 3 kiwi fruits. if the student eats one piece of fruit each day, and only the type of frui

Tom [10]

There are 210 ways that he can consume fruits. This can determined using the concept of factorial in mathematics.

Factorial, in mathematics, the product of all positive int or numbers less than or equal to a given positive int or number and denoted by that integer and an interjection point. therefore, factorial seven is written seven!, meaning one × 2 × 3 × 4 × 5 × six × seven.

Factorial zero is defined as equal to one.

Here, we have given the student has three mangoes, two papayas and two kiwi fruits.

so in total he has (3 plus 2 plus 2) =7 fruits.

Let all the fruits be eaten. If he eats one fruit each day then it will take seven days to complete this process.

So according to one popular permutation type where , n=7, n1(mangoes)=3, n2(papayas)=2, n3(kiwi)=2.

Using factorial, number of ways =7!/(3!2!2!) =210

Learn more about factorial here:

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4 0

1 year ago

What is the eventual effect on real GDP if the government increases its purchases of goods and services by $50,000? Assume the m

Finger [1]

Answer:

a. The real GDP increases by $200,000.

a. The real GDP increases by $150,000.

Explanation:

a. What is the eventual effect on real GDP if the government increases its purchases of goods and services by $50,000?

Eventual effect on real GDP = Amount of increase in government spending * (1 /(1 - MPC)) = $50,000 * (1 / (1 – 0.75)) = $200,000

Therefore, the real GDP increases by $200,000.

a. What is the eventual effect on real GDP if the government, instead of changing its spending, increases transfers by $50,000?

Eventual effect on real GDP = (Amount of increase in government transfers * (1 /(1 - MPC))) - Amount of increase in government transfers = ($50,000 * (1 / (1 – 0.75))) - $50,000 = $150,000

Therefore, the real GDP increases by $150,000.

3 0

2 years ago

Cron Corporation is planning to issue bonds with a face value of $700,000 and a coupon rate of 13 percent. The bonds mature in f

Alexeev081 [22]

Answer:

issue $700,000 in 5 year bonds that pay 13% semiannual coupons (coupon = $45,500)

market interest rate 12%, so bonds will be sold at a premium

1) What was the issue price on January 1 of this year?

issue price = present value of face value + present value of interest payments

present value of face value = $700,000 / (1 + 6%)¹⁰ = $390,876
present value of annuity = $45,500 x {1 - [1 / (1 + 6%)¹⁰]} / 6% = $334,884

issue price = $390,876 + $334,884 = $725,760

journal entry to record issuance of the bonds:

Dr Cash 725,760

Cr Bonds payable 700,000

Cr Premium on bonds payable 25,760

2) What amount of interest expense should be recorded on June 30 and December 31 of this year?

amortization of bond premium June 30 = ($725,760 x 6%) - ($700,000 x 6.5%) = $43,546 - $45,500 = -$1,954

Journal entry June 30th, first coupon payment:

Dr Interest expense 43,546

Dr Premium on bonds payable 1,954

Cr Cash 45,500

amortization of bond premium December 31 = ($727,714 x 6%) - ($700,000 x 6.5%) = $43,663 - $45,500 = -$1,837

Journal entry December 31st, second coupon payment:

Dr Interest expense 43,663

Dr Premium on bonds payable 1,837

Cr Cash 45,500

3) What amount of cash should be paid to investors June 30 and December 31 of this year?

$45,500 per coupon payment

4) What is the book value of the bonds on June 30 and December 31 of this year?

Book value on June 30th:

Bonds payable $700,000

Premium on bonds payable $23,806

Book value on December 31st:

Bonds payable $700,000

Premium on bonds payable $21,969

7 0

3 years ago