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Leni [432]
3 years ago
6

A customer wishes to open an account to fund payment of private middle school tuition. If the customer does not wish to deposit

more than $2,000 per year and wishes to get a tax benefit, the best advice is for the customer to open a:
Business
1 answer:
Svetradugi [14.3K]3 years ago
6 0

Answer: Coverdell Education Savings Account (ESA)

Explanation:

A Coverdell Education Savings Account (ESA) is a type of Trust account created by the US Government to help families fund the educational expenses of their members who are aged 18 or below.

This account is not Taxable as the US Government wants to use it as a way to encourage Educational Expenditure.

The account however is limited to a maximum deposit of $2,000 per year per beneficiary and so is perfect for the customer in question.

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First national bank charges 11.5 percent compounded monthly on its business loans. first united bank charges 11.7 percent compou
stich3 [128]

APR=11.5% compounded monthly
EAR=(1+0.115/12)^12-1=0.121259=12.13%
EAR=12.13%

APR=11.7% compounded semi-annually
EAR=(1+0.117/2)^2-1=0.12042225=12.04%
EAR=12.04%
5 0
3 years ago
Velshi Printers has contracts to complete weekly supplements required by forty-six customers. For the year 2018, manufacturing o
bixtya [17]

Answer:

$4,783.88

Explanation:

As for the provided information, the problem is based on activity based costing.

There are 3 activities:

i) Design Changes = $120,000 for 500 changes

Cost per change = \frac{120,000}{500} = $240 for each change

ii) Setups = $380,000 for 4,000 setups

Cost per setup = \frac{380,000}{4,000} = $95 for each setup

iii) Inspections = $100,000 for 9,000 inspections

Cost per inspection = \frac{100,000}{9,000} = $11.11

In case of Money Managers, there is printing of 70,000 pages

Design charges = 12 design changes \times $240 = $2,880

Setup charges = 17 setups \times $95 = $1,615

Inspection charges = 26 inspections \times $11.11 = $288.88

Total overhead cost for Money Managers = $2,880 + $1,615 + $288.88 = $4,783.88

4 0
3 years ago
A data safety monitoring board report for an investigator-initiated investigational drug study indicates a significantly higher
Vaselesa [24]

Answer:

This can be classified as an unanticipated problem.

Explanation:

During an investigational drug study the rate of risk of expected adverse events is indicated to be greater than what was initially expected. The current subjects need to be reconsented and the consent form needs to be updated to include this higher rate

Since the rate of an expected adverse event is greater than what was anticipated in the beginning and puts subjects and others at risk, this poses an unanticipated problem.

5 0
3 years ago
The investment decisions of many traders on wall street in the early 2000s led to the downfall of several investment companies,
marshall27 [118]
The correct answer is e, controlling.
Controlling in managerial function is defined as the efforts, systematically, by which is given by the business management in order to be able to compare the performance made to the plans, standards or objective by means of determining if it is in lined with the order or if there are changes needed to be made.
3 0
3 years ago
Read 2 more answers
The Wet Corp. has an investment project that will reduce expenses by $25,000 per year for 3 years. The project's cost is $30,000
dangina [55]

Answer:

A. $21,100

Explanation:

net cash flow year 1 = {[savings year 1 - (depreciation expense year 1)] x (1 - tax rate)]} + depreciation expense year 1

cash flow year 1 = {[$25,000 - ($30,000 x 33.33)] x (1 - 26%)} + ($30,000 x 33.33) = [($25,000 - $10,000) x 0.74] + $10,000 = $11,100 + $10,000 = $21,100

4 0
2 years ago
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