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3 years ago

Who would be eligible for a 403b account?

Business

2 answers:

Misha Larkins [42]3 years ago

7 0

The correct answer is C. A government employee

Explanation:

In finance, a 403b account or plan is a retirement plan used mainly by government employees or non-profit organization employees, for example, a teacher of a public school or a librarian. This account is different from regular accounts because government institutions do not have to pay taxes and have different regulations for employees than private businesses. Due to this, there are changes in the retirement plant, this includes that funds can be vested in a shorter time and this plan has fewer costs. According to this, the person who would be eligible for a 403b account is a government employee because as mentioned before this account is only for government or non-profit organizations employees.

Kamila [148]3 years ago

3 0

The correct answer on Gradpoint is a government employee

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PureRinse Inc. is a brand reputed for its wide variants of body wash that introduced its range of shampoos and skin moisturizers

klemol [59]

Answer:

Economics of scope.

Explanation:

Economies of scope can easily described to be situations in which the long-run average and marginal cost of a company, organization, or economy decreases, due to the production of some complementary goods and services. An economy of scope means that the production of one good reduces the cost of producing another related good.

Economies of scope differ from economies of scale, in that the former means producing a variety of different products together to reduce costs while the latter means producing more of the same good in order to reduce costs by increasing efficiency.

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3 years ago

A method of estimating bad debts expense that involves a detailed examination of outstanding accounts and their length of time p

3241004551 [841]

Answer:

The answer is aging of accounts receivable method.

Explanation:

This method helps accountants in determining how much of a company’s account receivables would not be collected. This is related to unpaid invoices of a company’s customers. Though invoices usually have due dates, according to the company, customers who haven’t paid even after the due date has passed must be calculated using this method for more accurate accounting reporting.

8 0

2 years ago

Which of the following statements is true of a corporation?

Vladimir [108]

Answer:

d. Corporations pay income tax on corporate earnings, and shareholders pay personal income tax on corporate dividends and gains from the sale of stock.

Explanation:

At the end of each accounting period, the corporation is expected to pay a tax known as income tax from the taxable income earned by the corporation. This tax is paid by the corporation before the amount to be paid to the shareholders of the company in form of dividends.

The shareholders of the company are further subjected as individuals to personal income tax.

This is known as double taxation of dividend. Gains from sale of stock are also taxed under personal income tax.

3 0

3 years ago

Read 2 more answers

On September 3, 2018, the Robers Company exchanged equipment with Phifer Corporation. The facts of the exchange are as follows:

emmasim [6.3K]

Answer:

In Robers Company:

Debit Accumulated depreciation $75,000

Debit Equipment $72,500

Debit Cash $10,000

Credit Equipment $145,000

Credit Gain on exchange asset $12,500

In Phifer Corporation

Debit Accumulated depreciation $83,000

Debit Equipment $82,500

Debit Loss on exchange asset $9,500

Credit Cash $10,000

Credit Equipment $165,000

Explanation:

In Robers Company:

Book value of the equipment = $145,000 - $75,000 = $70,000

Fair value of the equipment: $82,500 > Book value

The company will record gain on exchange:

Debit Accumulated depreciation $75,000

Debit Equipment $72,500

Debit Cash $10,000

Credit Equipment $145,000

Credit Gain on exchange asset $12,500

In Phifer Corporation

Book value of the equipment = $165,000 - $83,000 = $82,000

Fair value of the equipment: 72,500 < Book value of the equipment

The company will record loss on exchange:

Debit Accumulated depreciation $83,000

Debit Equipment $82,500

Debit Loss on exchange asset $9,500

Credit Cash $10,000

Credit Equipment $165,000

5 0

3 years ago

Royal Decking has five products in its inventory. Information about the December 31, 2021 inventory is below:

wariber [46]

Answer:

Royal Decking

A) Per unit value for each of Royal Decking's products, applying LCNRV:

Product Cost Sales Price NRV LCNRV

A $40 $60 $44 ($60 - 12 - 4) $40

B 80 100 $72 ($100 - 20 - 8) $72

C 40 80 $60 ($80 - 16 - 4) $40

D 100 130 $84 ($130 - 26 - 10) $84

E 20 30 $22 ($30 - 6 - 2) $20

B. Total Inventory on the balance sheet is:

$256,000

Explanation:

a) Data and Calculations:

Ending Inventory at December 31, 2021:

Product Cost Sales Price NRV LCNRV Inventory value

A $40 $60 $44 ($60 - 12 - 4) $40 $40,000

B 80 100 $72 ($100 - 20 - 8) $72 $72,000

C 40 80 $60 ($80 - 16 - 4) $40 $40,000

D 100 130 $84 ($130 - 26 - 10) $84 $84,000

E 20 30 $22 ($30 - 6 - 2) $20 $20,000

Total inventory value $256 $256,000

= ($256 * 1,000)

Selling costs = 20% of selling price

Shipping costs = 10% of cost

5 0

2 years ago