<span>The rules for the Roth early distribution are as follows :
Unless an exception applies, most distributions from a Roth IRA before the owner reaches age 59 1/2 will be subject to an "early withdrawal penalty" of 10% on the amount of the distribution. This is IF a person has kept the amount in the account for
his required five year tax period rule. If this condition has been met, the total penalty would be $ 2000.00</span>
Answer:
Corinne Company
Investing Activities Section of the Statement of Cash Flows:
Equipment sales $12
Equipment bought ($58)
Net cash used ($46)
Explanation:
a) Data and Calculations:
Balance Sheet of Corinne company at the end of 2025 and 2024:
2025 2024
Cash $50 $70
Accounts receivable (net) 320 270
Buildings and equipment 200 150
Accumulated depreciation
- buildings and equipment (36) (16)
Land 180 80
Totals $714 $554
Accounts payable $180 $146
Notes payable- bank long term 0 80
Mortgage payable 60 0
Common stock, $10 par 418 318
Retained earnings 56 10
Totals $714 $554
b) other information:
Land and Common Stock exchange
Equipment sold for $12 (cost $10 and book value $8)
Cash dividends $20
c) Equipment account
Beginning balance 150
Equipment sold -8
Balance 142
Closing balance 200
Purchase of new 58 (200 - 142)
The Employee Retirement Income Security Act of 1974 (ERISA) ensures that employees would be able to receive at least some pension benefits at the time of termination. ERISA is a federal law which establishes minimum standards for retirement (pension plans), health, and other welfare benefit plans, including life insurance.
Variance reports are internal reports for management. They are used primarily for the purposes of internal accounting and auditing.
Answer:
Product or service differentiation competitive advantage
Explanation:
Product or service differentiation is the procedure of distinguishing the service or the product from others in order to make the product or service more attractive for a specific target market.
And Product or service differentiation is a competitive advantage which is tactic of strategic positioning for an business or firm could undertake in order to set its services or products and the brands apart from those of the others.
So, offering the target market which is unique or different by offering lower price than the others or competitors are known as product or service differentiation competitive advantage.
