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OLEGan [10]
3 years ago
12

A divorced woman with 2 young children has just re-entered the workforce part time and earns $3,000 from this work. She collects

another $2,400 per year in alimony payments. The woman wishes to make a contribution to an Individual Retirement Account this year. Which statement is TRUE?
Business
1 answer:
vovangra [49]3 years ago
8 0

Answer:

A contribution can be made based only on the income earned from part-time work

Explanation:

Contributions like IRA contributions can only be done on income that the divorced woman earns. The income from her work is $3000. The 2,400 alimony she collects as child support payments is not money from her earned income. So she cannot use this in addition for the purpose of making such a contributions. Therefore, a even with an earned income from work and alimony payments, she can only make the contribution out of the income earned from work.

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The real estate financing instrument which transfers equitable title to real property, but retains legal title in the seller, is
natita [175]

Answer:

Operating Leasing

Explanation:

Legal title is retained by the seller, buyer enjoys equitable title (during the lease contract duration) of the property (e. g. using land, leased buildings or machinery for the business needs),

7 0
3 years ago
In situation with high risk,credit might create further problems for the borrower.explain.​
rewona [7]

Answer:

Yes, In situation of high risk credit will create more problem due to bankruptcy.

Explanation:

I Think if business will buy more credit in times of high risk then business will end up in stage of bankcruptcy because in that situation business will making poor profits and no revenue so it won't be able to pay back debt.

3 0
3 years ago
Need rn! How do you journalize the transaction "paid cash for merchandise" in an expanded journal?
Degger [83]

Answer:

The first one

Explanation:

because I went through this

6 0
3 years ago
Contrary to Levitt's suggestions, consumers in the most developed countries are often A. Willing to sacrifice their preferred at
natka813 [3]

Answer:

The answer is option D) Contrary to Levitt's suggestions, consumers in the most developed countries are often Willing to accept globally standardized products that have been developed with the lowest common denominator in mind.

Explanation:

According to Levitt, marketing should help decide what a business should sell.  His model gave emphasis on branding as a strategy to build customers loyalty.

Levitt introduced the term globalization to management discourse. His central thesis is that a dominant force drives the world towards a converging commonality, allowing international businesses to become global by standardizing their product and service offering.

However, contrary to Contrary to Levitt's suggestions, consumers in the most developed countries are often willing to accept globally standardized products that have been developed with the lowest common denominator in mind.

5 0
3 years ago
Ace Co. settled litigation on February 1, Year 2, for an event that occurred during Year 1. An estimated liability was determine
valina [46]

Answer:

<em>The Options include:</em>

a. Disclosure only of the settlement

b. Only an accrual of the settlement

c. Neither a disclosure nor an accrual

<em>d. Both a disclosure and an accrual. is Correct</em>

Explanation:

Since about the 1st of February, the financial information of Ace Co., Year 2, have not been obtained and the exact amount of the final settlement is established.

The whole amount must be included in the financial information of Ace Co. on December 31, Year 1 and reported as a "subsequent event."

That is an acknowledged subsequent event because it contributes to litigation originating in year 1.

4 0
3 years ago
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