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Marta_Voda [28]
3 years ago
9

Barry is a single, 40-year-old software engineer earning $190,000 a year and is not covered by a pension plan at work. How much

can he put into a Roth IRA in 2019?
Business
1 answer:
Anna007 [38]3 years ago
3 0

Answer:

Barry cannot contribute any amount to Roth IRA

Explanation:

For a single/ unmarried individual to be able to contribute to Roth IRA plan, his Adjustable Gross Income (AGI) should range between $117,000 and $132,000. Since Barry's annual income is $190,000, which is higher than the maximum AGI required for a single to be able to contribute to Roth IRA, he cannot contribute to Roth IRA.

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Symon's Suppers Co. has announced that it will pay a dividend of $4.39 per share one year from today. Additionally, the company
zavuch27 [327]

Answer:

The current share price is $60.97

Explanation:

The values given are

Symon's super corporation is expected to pay a dividend of $4.39

The company expects to increase its dividend by 4.2percent every year

The required return on the company's stock is 11.4 percent

Therefore, the current share price is

= 4.39/( 11.4/100 + 4.2/100 )

= 4.39/( 0.114 - 0.042)

= 4.39/(0.072)

= 60.97

Thus, the current share price is $60.97

8 0
3 years ago
Purchases in May were $65,000​, while expected purchases for June and July are $75,000 and $93,000​, respectively. All purchases
guapka [62]

Answer:

$61,000

Explanation:

The computation of June payments for purchases budgeted is shown below:-

June payments for purchases budgeted = Purchase of June × Purchase percentage + May purchase × Percentage of the following month

= $75,000 × 25% + $65,000 × 65%

= $18,750 + $42,250

= $61,000

Therefore for computing the June payments for purchases budgeted we simply applied the above formula.

3 0
3 years ago
Mycenae is a simple Cobb-Douglas agricultural economy with constant returns to scale and competitive markets. Land and labor eac
Gekata [30.6K]

The term Growth refers to the process of Growing.It can also refer to an increase in size,number or strength

Explanation:

  • A growth strategy that aims at the expansion of inputs like capital accumulation,labor force which result in  the growth of the aggregate output is referred to as the Extensive Growth Strategy.

In the above question we can see that the labour supply has increased by 2% ,in simple words their has been an expansion in the labor force by 2%.Thus the growth was mostly Extensive Growth

8 0
3 years ago
MARKING BRAINLIEST PLEASE HELP <br> CAN SOMEONE PLEASE HELPPP
OlgaM077 [116]

Answer:

Yes, but what is your question?

Explanation:

8 0
3 years ago
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How many moles of CaCl2 will be produced from 1.4 moles of HCl reacting with calcium hydroxide​
professor190 [17]

Answer:

0.70 moles will be produced

Explanation:

step 1: start with mol HCl, go to mol CaCl2 then do the same for mol Ca(OH)2

step 2: determine limited reagent  

step 3: check answer  

EQUATION: 2 HCl + Ca(OH)2 → CaCl2 + 2 H2O

Calculation:

(1.4 mol HCl) x (1 mol CaCl2 / 2 mol HCl)  

= 0.70 mol CaCl2

7 0
3 years ago
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