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4 years ago

To avoid penalties, funds cannot be withdrawn from tax qualified retirement plans before age:

1 answer:

4 0

To avoid penalties cannot be withdrawn before the age of fifty-nine and a half or 59.5 years of age. The penalty that exists for early withdrawal is in general about 10%. Conversely, if a retiree does not withdraw the required distribution from a tax qualified plan, he or she may be penalized with a 50% excise tax.

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Which of the following terms refers to an ongoing process of making decisions that guides the firm both in the short term and fo

emmasim [6.3K]

Answer: Business plan.

Explanation:

A business plan is a goal/objective set by a business that it intends to use to successfully enter into a market. The business plan provides a guide on how daily operations in a business can be handled to best achieve it's objectives.

6 0

3 years ago

The following information is available on a depreciable asset owned by Mutual Savings Bank:___________.

Sati [7]

Answer and Explanation:

The computation of the depreciation expense under the straight-line method is shown below:

= (Purchase cost - residual value) ÷ (Remaining life left)

= ($61,300 - $5,900) ÷ ( 8 - 2)

= $55,400 ÷ 6 years

= $9,233.33

Now for the six months it would be

= $9,233.33 × 6 months ÷ 12 months

= $4,616.67

The asset turnover is the turnover that comes by dividing the revenue from the average of the total assets

Here as per the given option the second option is correct as it correctly represents the asset turnover

8 0

3 years ago

Which statement best explains scholarships that cover the costs of an education? They require the use of savings. They need to b

SVEN [57.7K]

Answer:

c. They are often based on achievement

Explanation:

3 0

3 years ago

Pierre left a message on Shayna’s voicemail stating, “Hey Shayna. Regarding that painting we talked about. I changed my mind and

zysi [14]

<u>The contract between Pierre and Shayna is not a valid contract due to the lack of acceptance from Shayna. </u>

Further Explanation:

Contract:

A legally enforced agreement is considered a contract. An agreement is a promise between two parties to perform tasks for each other for some consideration. When an agreement becomes legally enforced, then it is considered as a contract. So the contract is a legally enforced promise between two parties for considerations. Both parties should get consideration and have a performance obligation.

Following factors are required for the contract:

Offer: A person should offer some consideration to another person for performing any activity or in the exchange of goods.

Acceptance of offer: The other person should accept the offer made by the first person.

Valuable consideration: There should be valuable consideration for both the parties.

Mutual obligation: Parties should promise to execute their obligated activities.

The performance capacity of the parties: Parties should be capable of performing the contract.

Legally enforcement: The contracts should be legally enforced.

These are the basic elements of a contract. If any contracts lack any of the given factors, then it will not be considered as a valid contract.

The contract between Pierre and Shayna:

In the current case, Pierre makes an offer to sell the painting to Shayna. Pierre leaves a message in the voicemail of Shayna, stating that if Shayna does not contact Pierre within one hour, then Pierre would consider that the Shayna wants to purchase the painting.

It is not a valid contract as it lacks the acceptance of the offer from Shayna.

Pierre enters the contract to sell the painting without considering the acceptance of the offer by Shayna. Pierre puts a condition that if she does not receive any revert from Shayna within one hour, then she would consider that Shayna has accepted the offer. For a valid contract, the promisee should accept the offer but the condition of acceptance (revert within one hour) does not state for the acceptance of Shayna. So, it will not be considered a valid contract.

<u>Thus, the contract between Pierre and Shayna is not a valid contract due to non-acceptence. </u>

Learn more:

1. Learn more about the cash deficiency

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2. Learn more about the span of control

brainly.com/question/12986822

3. Learn more about the sales budget

brainly.com/question/12985585

Answer details:

Grade: Senior School

Subject: Business Law

Chapter: Contract Act

Keywords: Pierre, message, Shayna, voicemail, painting, mind, sell, steal, people, ASAP, hear, within an hour, not a valid contract, purchase a painting, lack of a(n), contract act, agreement, law, business law, promise, valid contract.

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3 years ago

which group has individual investors as participants and is a lender of funds to the financial markets? multiple choice question

Feliz [49]

The financial markets are financed by those with money but no ideas, and they also include private investors as participants.

A marketplace where bonds, equities, securities, and currencies are traded is referred to as a financial market. Few financial markets do daily security transactions worth trillions of dollars, whereas some are smaller and less active. These are marketplaces where investors gain more money, firms increase their cash flow, and dangers are reduced.

The selling and purchasing of financial assets and securities takes place in a venue known as a financial market. In the economy of the country, it distributes scarce resources. By facilitating the transfer of funds between investors and collectors, it acts as an intermediary.

On a financial market, the stock market enables investors to buy and sell shares of publicly traded corporations. The primary stock market is where new stocks are initially offered, together with other stock securities.

Learn more about financial market here

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2 years ago