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balu736 [363]
3 years ago
5

Jimmy establishes a Roth IRA at age 47 and contributes a total of $89,600 over 18 years. The account is now worth $112,000. Assu

me that Jimmy meets the income limitation at the time of the contributions.How much of these funds may Jimmy withdraw tax-free?
Business
1 answer:
ValentinkaMS [17]3 years ago
4 0

Answer: $112,000

Explanation:

Jimmy is able to withdraw the entire $112,000 tax-free.

This is because to be able to Withdraw tax-free, one must have deposited money in the IRA for a minimum of 5 years and the person must be at least 59.5 years of age.

Those 2 criteria are met by Jimmy who deposited for 18 years and is now aged 65.

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Six months ago, Benders Gym repurchased $140,000 of its common stock. The company pays regular dividends totaling $18,500 per qu
Studentka2010 [4]

Answer:

$168,400

Explanation:

Benders Gym repurchased their common stock at the rate of $140,000

Benders Gym pays a regular dividend of $18,500 four times in a year

For a period of one year 1,200 shares was issued at the rate of $38 per share

Therefore, the amount of cash flow to the stockholders for the past one year can be calculated as follows

=[18,500×4]-[1,200×38-(140,000)]

= 74,000-[45,600-140,000]

= 74,000-[-94,000]

= 74,000+94,000

= $168,400

Hence the amount of cash flow to the stock holders for a period of one year is $168,400

7 0
3 years ago
XZYY, Inc. currently has an issue of bonds outstanding that will mature in 16 years. The bonds have a face value of $1,000 and a
borishaifa [10]

Answer: 10.66%

Explanation:

The expected quoted annual rate of return when the bonds are bought and being held until maturity will be calculated thus:

Coupon payment = 1000 × 13% = 130

The Yield to Maturity formula will be:

= Rate(maturity period, coupon payment, -price, fave value)

= Rate(16, 130, -1176, 1000)

Yield to Maturity = 10.66%

Therefore, the expected quoted annual rate of return is 10.66%.

5 0
2 years ago
Assume you are manager of the Outback Steakhouse, a franchised restaurant that has opened at new location in St. Louis. Describe
Irina18 [472]

Answer:

Market segmentation consists of a strategy to better identify consumers based on common characteristics, that is, divide the market into clusters, so that there is a better targeting of the company's marketing strategies.

In the case of opening an Outback Steakhouse franchise in St. Louis, the bases of segmentation and possible appropriate segmentation variables could be geographical, to better understand the region of the city and surroundings, demographic to understand the characteristics of consumers and form the target audience and behavioral to understand the habits, tastes and preferences of your potential audience, and thus gather important information from that region and align the company's strategy to meet the specific desires and needs of consumers.

7 0
2 years ago
1. Which HR practices do you believe are the most critical for Marriott to maintain and grow its competitive advantage?
AnnZ [28]

Answer:

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Explanation:

3 0
3 years ago
Any advice on what to do when you are expecting a baby?
Yanka [14]
Be patient, read books, relax, be healthy mentally and physically.
7 0
2 years ago
Read 2 more answers
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