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Bingel [31]
3 years ago
9

An individual works in a small manufacturing business with fewer than 100 employees. The company does not offer a retirement pla

n. This individual has $5,000 of discretionary funds that she wishes to put away for retirement. The BEST recommendation for this individual is to make a $5,000 contribution to a(n):_______
Business
1 answer:
MA_775_DIABLO [31]3 years ago
7 0

Answer:

Traditional IRA

Explanation:

Traditional IRA is an individual retirement account that is held at a custodian institution such as a bank. The funds can be invested in various assets such as certificate of deposit, stocks and mutual funds to generate interest.

It is simpler to enroll with than the Roth IRA and the only requirement is the fund to be invested. Transactions in the account are not subject to taxation. Taxes only apply at withdrawal.

The traditional IRA will be the best option for this person because of the ease of enrollment and freedom from taxes on transactions.

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The question of when revenue should be recognized on the income statement according to GAAP is addressed by the:
sleet_krkn [62]

Answer:

a. Revenue recognition principle

Explanation:

The revenue recognition principle refers to the principle in which the revenues are recorded when it is realized or earned. It follows the accrual basis of accounting

It is not recorded when the cash is actually received.

When the sale is made, the same is to be shown in the books of accounts

Therefore as per the GAAP, the revenue should be addressed by revenue recognition

hence, the correct option is a.

4 0
3 years ago
DEF Corporation had two issues of ordinary preferred stock with a $100 par value traded on the NYSE. One issue paid $5.56 annual
asambeis [7]

Answer:

5.93%

Explanation:

Cumulative Dividend for both (5.56+5.88)          $11.44

share price for both types of preferred stock (95.55+97.5) $193.05

Cost of preferred stocks $11.44/193.05=5.93%

6 0
3 years ago
What is the change due if a $5 bill is tendered for a charge of $4.21? The change in dollars and cents would be $ a0.
Yuri [45]

Answer: $0.79.

Explanation:

Given that,

Tendered bill = $5

Bill charged = $4.21

Therefore,

The change due is calculated by subtracting bill charged from tendered bill.

Change due = Tendered bill - Bill charged

                     = $5 - $4.21

                     = $0.79

Hence, change in dollars would be $0.79.

8 0
3 years ago
Which of these changes are planned and based on situations that are expected to arise?
babunello [35]
<span>..(B).. Exponential..</span>
5 0
3 years ago
How many credits do you need to be a 11th grader
mina [271]
It really depends on the highschool, we used to have four classes a day, now we have five, before you needed 24-28 to pass and my junior year i had 22 credits now we went to thee 5x5 and have to get a few more credits
3 0
3 years ago
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