The great thing about IRAs is that you can withdraw money anytime you want with no financial penalty is a false statement.
<h3>What is IRA?</h3>
An individual retirement account refers to a savings account with tax advantages that individuals can open to save and invest in the long term.
The great thing about IRAs is that you can withdraw money anytime you want, with no financial penalty is a false statement.
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Answer:
limited problem solving
Explanation:
Limited problem solving -
It refers to the process of buying certain goods and services , when the person have only limited knowledge about the product , is referred to as limited problem solving .
People having lack of knowledge may even end up buying the wrong product .
Hence , from the given scenario of the question ,
The correct term is limited problem solving .
Answer:
Jenkins Manufacturing
Joe should produce using the new equipment.
Explanation:
a) Costs incurred using the old equipment:
Variable costs = $45,000 ($50 x 900)
Fixed costs = $40,000
Total costs = $85,000
Operating Loss = $22,000 ($63,000 - 85,000)
b) Costs incurred using the new equipment:
Variable costs = $22,500 ($25 x 900)
Fixed costs = $60,000
Total costs = $82,500
Operating Loss = $19,500 ($63,000 - 82,500)
Production using the new equipment would reduce the operating loss by $2,500.
Answer:
$25,000 will be an ordinary income(FMV)
Explanation:
Kate received an offer of unrestricted partnership capital interest for the expertise services. so, Kate recognizes it's an "ordinary income"which should be booked at the fair market value of the partnership interest so offered.
i.e $25,000 is ordinary income (FMV)
