Answer:
$2,150
Explanation:
When taking money out, it is a compulsory requirement to pay an early withdrawal or distribution penalty, before the age of 59½ years.
In the case of Ellen, she's not up to 59½ years old, she's still 55.
The age 55 exception is an exception that allows people not to pay 10% early distribution penalty for retirement plan distributions before they get to 59½ years old.
Taking IRA from an account (401(k), in this case) into another account (an IRA) by someone like Ellen who is not up to 59½ years old is not considered a distribution, so she is totally free to change financial institutions at any time without worrying about a penalty tax.
So, $2,150 of her early distribution is subjected to early distribution penalty but she won't be penalised
Answer:
d. $66 per machine hour
Explanation:
Predetermined overhead rate = Budgeted Overheads ÷ Budgeted Activity
therefore,
Predetermined overhead rate = $11,358,000 ÷ 173,000 machine hours
= $65.653 or $66.00
Conclusion
The predetermined overhead rate based on machine hours is: $66 per machine hour.
Answer: A company's realized strategy is typically a blend of deliberate and planned initiatives, and emergent and unplanned reactive strategy elements.
Explanation: In simple words, the strategy that is actually followed by an organisation is called its realized strategy. These strategies are the conclusion of the intended strategies that are made by the organisations from the beginning of the planning process.
Thus a realized strategy can be defined as a group of planned initiatives and strategies that are modified as per the situation.
Answer:
at a discount; greater than 6%
Explanation:
A fixed coupon bond is a long-term debt paper that has a predetermined and fixed interest rate. This is known as coupon rate. In this example, the bond's yield to maturity is higher than the coupon rate. Therefore, this is selling at a discount. Moreover, because the bond is selling at discount, current yield would be more than coupon rate (6%).
Answer:
(a) 1.57
(b) 12.40%
(c) $76,898.60
Explanation:
Debt-equity ratio = Debt ÷ equity
Hence,
Debt = 0.57 equity
= 0.57 × $620,000
= $353,400
Total assets = Debt + Equity
= 353,400 + 620,000
= $973,400
(a) Equity multiplier:
=Total assets ÷ Equity
= $973,400 ÷ 620,000
= 1.57
(c) Return on assets = Net income ÷ Total assets
Net income = ($973,400 × 0.079)
= $76,898.60
(b) Return On Equity:
= Net income ÷ Total equity
= $76,898.60 ÷ 620,000
= 12.40%(Approx).
