1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bazaltina [42]
3 years ago
5

Susan participates in a Section 403(b) plan at work that includes loan provisions. Susan has recently enrolled in college and ha

s inquired about the possible consequences of borrowing from the Section 403(b) plan to help pay for her education. As her financial planner, what is your advice to her?
Business
1 answer:
stiks02 [169]3 years ago
8 0

Answer:

Susan qualifies for the loan under section 403(b) plan at work. However, this loan should be well negotiated as regards repayment of the interest elements and the principal.

Explanation:

When a loan is taken up, one has invariably taken up the pledge to repay the Principal component and the Interest element. At the point of funding the loan, a good and favorable interest rate should be well negotiated. As an active employee, the repayment is taken from the monthly pay, after the deduction of statutory tax payment.

It must be advised that Susan should pursue the intention of applying for the loan with utmost faithfulness, as a deviation from this will be frowned upon. Such loan are not to be invested and/or diverted for other purposes.

Susan should properly understand the attending obligation before her - the repayment of principal and interest within the agreed period of time. A default is not advised as this comes with a penalties. The entirety of the loan may be treated as an income, and subsequently taxed in same breath. Plus other penalties.

You might be interested in
Which is an example of a long-term goal? Group of answer choices I will pay my cell phone bill on time this month. I will train
Nikolay [14]

Answer:

The example of a long-term goal is, I will train for a marathon.

Explanation:

This is a long-term goals because you train and reach it in a long period of time. The others will be counted as a Short-term goal. I hope this helped! :D

4 0
3 years ago
In a sweezy oligopoly, the profit-maximizing level of output occurs where:_____.
hodyreva [135]

In a Sweezy oligopoly, the profit-maximizing level of output occurs where mr=mc.

Paul M. Sweezy created the oligopoly's kinked demand curve in 1939. The model explains how oligopolistic groups behave rather than placing emphasis on how price-output determination occurs.

With an equilibrium output of Q units and an equilibrium price of P, the oligopolist maximizes profits by equating marginal income with marginal cost.

Due to each company's desire to maximize profits, there is frequently intense competition among them when it comes to pricing, production, and promotion.

The main distinction between a monopolist and a perfectly competitive firm is that although for a monopolist, marginal revenue is not equal to the price since changes in output quantity affect the price.

To learn more about monopolists refer to:

brainly.com/question/14055453

#SPJ4

7 0
2 years ago
On August 1, 2019, the accountant for Western Imports downloaded the company's July 31, 2019. Bank statement from the bank?s Web
Radda [10]

Answer:

Required 1.

<u>Bank Reconciliation Statement as at 31 July</u>

Balance at bank as per updated Cash Book           $28,192

Add Unpresented Cheques

Check 1429                                                 $1,248

Check 1430                                                    $140      $1,388

Less Lodgements not yet credited                             ($790)

Balance as per Bank Statement                              $28,790

Required 2.

Journal Entries :

J1

Cash $14,300 (debit)

Accounts Receivable : Foncier Ricard $14,300 (credit)

J2

Accounts Payable : Central Common $261 (debit)

Cash $261 (credit)

J3

Check 1425 $30 (debit)

Cash $30 (credit)

Explanation:

The first step is to update the Cash Book Bank Balance as follows :

<u>Debit :</u>

Balance as at July 31                                                    $14,183

Credit Transfer : Foncier Ricard                                 $14,300

Totals                                                                           $28,483

<u>Credit:</u>

Check 1425 understated ($99 - $69)                               $30

Direct Debit : Central Common                                       $261

Cash Book Updated Balance (Balancing figure)       $28,192

Totals                                                                           $28,483

Then prepare a Bank Reconciliation Statement as at 31 July :

<u>Bank Reconciliation Statement as at 31 July</u>

Balance at bank as per updated Cash Book           $28,192

Add Unpresented Cheques

Check 1429                                                 $1,248

Check 1430                                                    $140      $1,388

Less Lodgements not yet credited                             ($790)

Balance as per Bank Statement                              $28,790

Journal Entries :

J1

Cash $14,300 (debit)

Accounts Receivable : Foncier Ricard $14,300 (credit)

J2

Accounts Payable : Central Common $261 (debit)

Cash $261 (credit)

J3

Check 1425 $30 (debit)

Cash $30 (credit)

3 0
3 years ago
Instant rewards reinforce desired behavior. Annual raises are ________ effective in reinforcing behavior because there is too mu
amid [387]

Answer:

B. less

Explanation:

As compared with the instant rewards the annual raises are becomes less effective when the behavior is reinforced also it is depend upon the time gap that lies between the behavior and the actual reward

Therefore as per the given situation, the option b is correct

hence, all other options are wrong

So, the same is to be considered

4 0
2 years ago
The main reason people save during their working years is: a. a preference toward matching income with spending over time. b. a
FrozenT [24]

Answer: The correct answer is "d. a preference toward a smooth consumption path over time.".

Explanation: The main reason people save during their working years is a preference toward a smooth consumption path over time since they prefer to consume what is just and necessary so that in the future, even if they are affected by different circumstances, they can continue to maintain the same standard of living and / or consumption.

6 0
3 years ago
Read 2 more answers
Other questions:
  • Chocolotto, a chocolate manufacturer, displays a brown dot in a brown square symbol, instead of a green dot in a green square sy
    7·1 answer
  • In​ 2019, Chen Corporation purchased treasury stock with a cost of $ 54 comma 000. During the​ year, the company declared and pa
    10·1 answer
  • How many people lost their jobs when the minimum wage increased from $12 to $18?
    8·2 answers
  • Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales $ 345,000 Beginning m
    6·1 answer
  • By satisfying the customer service factor of ________, the distributor will ensure that deliveries of Hope Springs' bottled wate
    13·1 answer
  • Although the Chen Company's milling machine is old, it is still in relatively good working order and would last for another 10 y
    12·1 answer
  • On January 1, 2016, Wade Corporation had 24,000 shares of common stock outstanding. On April 1, it reacquired 2,400 shares; on J
    10·1 answer
  • Out line four roles played by entrepreneurs in Kenya​
    5·1 answer
  • Entrepreneurs who start businesses because they cannot find work any other way are______.?
    11·1 answer
  • Manufacturers use several different production processes to create goods and services.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!