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Kaylis [27]
3 years ago
6

A customer who is age 75 has been taking RMDs (Required Minimum Distributions) each year from his Traditional IRA in cash. This

year, he asks his representative if he can take the distribution in the form of shares of a mutual fund position in his account. He tells the representative that because it has been a bear market, the share price is depressed and rather than liquidate, he would like to take the shares into his cash account at the firm, awaiting a market rebound. You should tell him that the RMD can:____________
Business
1 answer:
ahrayia [7]3 years ago
4 0

Answer:

Taking his RMD in form of shares in a depressed market is a good investment decision. As the price will bound back and he will make more money.

Explanation:

When a traditional IRA holder gets to the age of 72 years he is entitled to required minimum distribution payments. This is not obtainable with other IRA plans.

RMD can be taken as cash or as shares. There is not tax difference between the two options.

Normally cash is better since it is easier to get access to and the beneficiary gets the exact dollar amount.

However when there is a depressed stock market, taking RMD in shares is a better option. Shares are bought and sold when prices appreciate.

This is a better option than selling shares at the low market price.

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Explain how organisational policies on equality and diversity translate into day to day activity in the workplace
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Every organization has policies on equality and diversity. The organizational policies on equality and diversity impact the day to day activity in the workplace. An organization having a diverse workforce will be able to offer a variety of work skills, potential, ideas and energy. A well diverse workforce will make the organization a better place to work. Equality refers to equal opportunity in an organization irrespective of caste, creed, color, gender, etc.
Workplace policies in respect to equality and diversity allows smooth running of an organization and avoids any bias decisions based on any religion, gender, demography, etc.
When every employee has equal rights and equal chance to achieve their potential then the organization also grows well and success rate improves. 
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4 years ago
Erosion can be described as the _____________________. Multiple Choice expenses that have already been incurred and cannot be re
bixtya [17]

Answer:

washing away of the top most layer of the Earth surface

8 0
3 years ago
Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables: Mar. 17. R
stiv31 [10]

Answer:

Journal Entry

Date                     Particulars                     Debit            Credit

Mar. 17                       Cash                          $275          

                          Bad Debts                     $ 1000

                          Accounts Receivable( Shawn McNeely) $1275

As cash is received and also bad debts are written off from the same person a combined entry can be made for the accounts receivable.

When direct write off method is used the allowance for uncollectibles is not created. The bad debts are directly written off against the accounts receivable.

8 0
4 years ago
Read 2 more answers
The founders of the U.S. wanted to avoid establishing a permanent aristocracy or group of wealthy families who could control a g
VLD [36.1K]

Answer:

There are two points that I would like to single out that are very similar. First by implementing tax and gift taxes, Founding Father wanted to weaken families and business of that time, since there was a threat that rich families could become permanent aristocracy which over time could lead to the point where that families will rule the US. Second, by implementing those two taxes, government is taking a share from receivers since the receivers are getting some good that they did not earn it, they have just received it as a gift or as an estate. This way inheritance or gift would be of a much lesser value then it was before someone’s death or before someone made a gift. This was important because wealth of powerful families would just accumulate and grow so government of that time, strictly out of political reasons, prescribed those two taxes, so that the wealth will be smaller of value after tax.

6 0
4 years ago
Burger King launched a new menu item called the Impossible Whopper, a burger made with a plant-based, protein-filled patty. Burg
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The Impossible Whopper is classified as an <u>additions to existing product line</u> according to the chapter's categories of new products.

Usually, when a company adds a new product which solidifies its area of product offerings, then, such action is called an "additions to existing product lines".

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Therefore, in conclusion, the launch of the Impossible Whooper will be classified as an additions to existing product line.

Read moire about this here

<em>brainly.com/question/17214321</em>

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