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3 years ago

Describe the difference between a 401(k) plan and an Individual Retirement Account.

2 answers:

8 0

The difference between a 401(k) plan and an individual retirement account is that almost anyone can open up an IRA, but only employees can enroll in 401(k) plans. The amount you can contribute to a 401(k) is larger than what you can contribute to an IRA. A 401(k) plan often has a feature called company match, where as an IRA does not.

nadya68 [22]3 years ago

4 0

401(k) is an employer-provided plan, IRA isn't.

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Why is the uninoculated control sector relatively unnecessary in this test dnase?

Len [333]

<span>there is typically enough medium that is not cleared to show "no reaction"</span>

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4 years ago

Your parents put $300 into an account paying 11 percent interest for you when you were ten. Ten years later they tell you that y

Flauer [41]

Answer:

The balance in the account = $851.8

Explanation:

The future value of a lump sum is the amount expected at a future date when a sum of money is invested today at a particular rate of interest for certain number of years

This implies compounding the initial amount invested ($300) at the given interest rate(11%) for 10 years.This will be done as follows:

<em />

FV = PV × (1+r)^(n)

FV-Future value

r- rate of return per period

n- Number of period

PV - 300

r-11%

DATA

FV- ?

PV - 300

n- 10

FV= 300 × 1.11^10 = 851.83

The balance in the account = $851.8

3 0

3 years ago

Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following ann

expeople1 [14]

Answer:

Pecan Theatre Inc.

Average annual percentage return

Cost Market 20Y1 20Y2 20Y3 20Y4 20Y5 20Y6

per share

Preferred stock $20.00 $25.00 2% 2% 2% 2% 2% 2%

Common stock $15.00 $17.50 0% 0% 0% 0.7% 0.8% 0.11%

Explanation:

a) Data and Calculations:

Dividends: Cumulative Common Stock

Preferred Stock Dividends

Dividends Per share Per share

20Y1, $80,000 $80,000 $0.40 $0 $0

20Y2, $90,000 90,000 $0.40 0 $0

20Y3, $150,000 150,000 $0.40 0 $0

20Y4, $150,000 100,000 $0.40 50,000 $0.10

20Y5, $160,000 100,000 $0.40 60,000 $0.12

20Y6, $180,000 100,000 $0.40 80,000 $0.16

Average annual percentage return

Cost Market 20Y1 20Y2 20Y3 20Y4 20Y5 20Y6

per share

Preferred stock $20.00 $25.00 2% 2% 2% 2% 2% 2%

Common stock $15.00 $17.50 0% 0% 0% 0.7% 0.8% 0.11%

Average annual percentage return = Dividend per share/Initial Cost per share

7 0

3 years ago

For each of the following situations, identify (1) the case as either (a) a present or a future value and (b) a single amount or

taurus [48]

Answer:

a. The present value of a future value of $10,000 is $7,310.

b. The present value of an annuity for a future value of $10,000 is $1,043.54.

c. Yes, you will retire with $1,036,226.07 .

Explanation:

a) Data and Calculations:

Future value = $10,000

Interest - 8% compounded semiannually

Period of investment = 4 years

Using the present value table, the discount factor of 0.731, the future value of $10,000 is $7,310

b) You will need to contribute $1,043.54 at the beginning of each period to reach the future value of $10,000.00.

FV (Future Value) $10,000

PV (Present Value) $7,306.90

N (Number of Periods) 8.000

I/Y (Interest Rate) 4.000%

PMT (Periodic Payment) $1,043.54

Starting Investment $0.00

Total Principal $8,348.30

Total Interest $1,651.70

c) $1,000,000 in 40 years:

FV (Future Value) $1,036,226.07

PV (Present Value) $47,698.45

N (Number of Periods) 40.000

I/Y (Interest Rate) 8.000%

PMT (Periodic Payment) $4,000.00

Starting Investment $0.00

Total Principal $160,000.00

Total Interest $876,226.07

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3 years ago

Lately, there have been several complaints about evan's work performance. he has arrived late, his uniform is stained and wrinkl

Bingel [31]

The answer is company’s rules and policies. These two form the instructions of behavior in an organization, outlining the duties of both employees and employers. Company policies and rules are prepared to guard the rights of workers as well as the commercial interests of managers. Contingent on the needs of the organization, various policies and procedures create rules concerning employee conduct, dress code, attendance, confidentiality and other extents associated to the terms and situations of work.

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4 years ago

Read 2 more answers