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masha68 [24]
3 years ago
9

Joe decides that he will contribute $5,000 a year to his 401(k) plan when he starts saving for retirement. What is the best acti

on Joe can take to ensure that his money will grow the most before he retires?
a Choose risky stocks with a high return.
b Put the money in an IRA instead.
c Invest the funds as early as possible.
d Use the money to pay down his mortgage instead.
Business
1 answer:
AfilCa [17]3 years ago
5 0
I feel that the answer would be C as that would give it the most time to grow and build, but I have heard many times that IRA's can be better as far as tax. I would go with C, unless your class has specifically been leaning about IRA's. 
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The fungal division needs 10,000 plates of potato dextrose agar annually. Currently, the fungal division purchases them from Ari
guapka [62]

Answer: Greater than or equal to $25

Explanation:

Transfer price is the price at which products are sold between different departments of a firm.

The need for transfer price is borne out of the fact that some departments finished products are the raw materials for another

There is also the need for effective evaluation of the departments as a separate units .

Some Frm's usually gives there departments permission to sell at the prevailing market price considering the fact this is lowest price the buying department will be able to obtain it in the market.

In the example above the fungal division will only be able to obtain the product at the current market price of $25 which is the basis for this answer.

7 0
3 years ago
A monopoly is most likely to emerge in a market when
Zanzabum

Answer: there is only one producer of a commodity

Explanation: In simple words, monopoly refers to a market structure in which there is only one participant in the market who is making available the commodity to the customers.

Monopoly can arise from a number of factors such as patents rights, new invention etc. Sometimes the govt. of a country finds it suitable to handle a particular industry for the national benefit such as defense.

Although monopolist is the single producer but still he or she cannot charge any price as the rule of  price and demand is applies to monopoly also.

5 0
3 years ago
A company switched from the cash basis to the accrual basis for recognizing warranty expense. The unrecorded liability for warra
Ostrovityanka [42]

Answer:

Report a prior period adjustment decreasing retained earnings by $1,040,000

Explanation:

Report a prior period adjustment decreasing retained earnings by $1,040,000

Dr Retained earnings $1,040,000

Dr Deferred tax liability $560,000

(35%×$1,600,000)

Cr Estimated warranty liability $1,600,000

Therefore As a result of this change, the firm would Report a prior period adjustment decreasing retained earnings by $1,040,000

6 0
3 years ago
Troy filed a good faith complaint of discriminatory harassment against his supervisor, Cynthia. One day after receiving notice o
Paraphin [41]

Answer:

Of course this is a retaliatory action. Troy filed a complaint for discriminatory harassment against Cinthia and she answers back by discriminating against Troy even more. All she needed to do was stop discriminating against Troy, she wasn't supposed to increase discrimination against him. This is an example of what shouldn't happen.

Explanation:

5 0
3 years ago
If a c corporation is formed on January 1, 2013 what date can it be incorporated?
zhenek [66]

Answer:

The C Corporation was incorporated on January 1 of 2013.

Explanation:

A corporation is a legal entity that constitutes a body to the eyes of the law. it is formed to run a particular business and has as main characteristic the Limited Liability of their owners.  

Incorporation is the legal process needed to be followed in order to create a corporation. Thus. If C corporation was formed on January 1, 2013. The Incorporation day is the same January 1, 2013.

8 0
3 years ago
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