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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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Before year-end adjusting entries, Marigold Corp.'s account balances at December 31, 2020, for accounts receivable and the relat

svetlana [45]

Answer:

$1,302,000

Explanation:

To calculate the net realizable value of accounts receivable we have to subtract the value of accounts receivables aging report from total accounts receivable = $1,430,000 - $128,000 = $1,302,000

The accounts receivables aging report lists unpaid clients' invoices and unused credit memos.

4 0

2 years ago

A chain of video stores sells three different brands of DVD players. Of its DVD player sales, 50% are brand 1 (the least expensi

slava [35]

Answer: 60.98%

Explanation:

Probability that it is a brand 1 DVD player that needs repair work = Probability of brand 1 DVD needing repairs / Probability that a DVD player will need fixing while under warranty

Probability of brand 1 DVD needing repairs = Brand 1 sales percentage * Percentage of brand 1 needed repair

= 50% * 25%

= 12.5%

Probability that a DVD player will need fixing while under warranty = (50%* 25%) + (30% * 20%) + (20% * 10%)

= 20.5%

Probability that it is a brand 1 DVD player that needs repair work = 12.5% / 20.5%

= 60.98%

6 0

2 years ago

Looking up the meaning in a dictionary

NikAS [45]

Dictionary: Often a book listing the spellings and Definitions of words.

6 0

2 years ago

A firm is considering purchasing two assets. Asset L will have a useful life of 15 years and cost $4 million; it will have inst

Sindrei [870]

Asset S has a greater Straight Line Depreciation.

Explanation:

Straight Line Depreciation amount = (Capitalised Cost - Salvage Value) / Life of the asset

Capitalised Cost = Purchase cost + Installation cost

For Asset L,

Capitalised Cost = $4,000,000.00 + $750,000.00
Capitalised Cost = $4,750,000.00

Asset Life = 15 years

Salvage/residual value = $0.00

So,

Straight Line Depreciation of Asset L

Depreciation Amount = $4,750,000 / 15
Depreciation Amount = $316,666.67

So, Depreciation Amount for Asset L is $316,666.67

For Asset S,

Capitalised cost = $2,000,000.00 + $500,000.00
Capitalised cost = $2,500,000.00

Asset Life = 5 years

Salvage/Residual Value = $400,000.00

So,

Straight Line Depreciation of Asset S

Depreciation Amount = ($2,500,000 - $400,000) / 5
Depreciation Amount = $420,000.00

So, Depreciation Amount for Asset S is $420,000.00

So, Asset S has a greater Straight Line Depreciation.

4 0

3 years ago

Executive dashboards are customized __________.

agasfer [191]

I think it is " web interface " may be wrong though.

5 0

2 years ago