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saul85 [17]
3 years ago
5

A 25-year old single client has just started his own small business and is not covered by a retirement plan. He has $5,000 to in

vest and currently has a low level of income. He wishes to start saving for retirement. The BEST recommendation is a:
Business
1 answer:
ra1l [238]3 years ago
5 0

Answer:

Roth IRA

Explanation:

Based on this scenario, it can be said that the best recommendation would be a Roth IRA. This is an individual retirement account that non-deductible tax-free growth for retirement at age 59 1/2. As of 2018, the yearly limit for a Roth IRA account is $5,500 meaning that the client in this scenario would not have any problem investing the entire $5000 as soon as they open the account. And since he is in a low tax bracket he should not have any problem opening an Account.

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During March, the production department of a process operations system completed and transferred to finished goods 23,000 units
Alchen [17]

Answer:

c. $1.58.

Explanation:

The computation of the direct materials cost per equivalent unit is given below:

Equivalent units for material is

= 100% of 193,000 + 100% of 28,000

= 193,000 + 28,000

= 221,000

Equivalent cost for material is

= $94,100 + $254,800

= $348,900

So, the direct materials cost per equivalent unit is

= $348,900 ÷ 221,000

= $1.58

4 0
3 years ago
Stamford Co. purchased a bond on October 4 of the current year for $ 30 comma 000 and classified it as​ available-for-sale. The
Alecsey [184]

Answer:

C. ​$0

Explanation:

Data provided in the question

Purchase value of the bond = $30,000

And, the market value of the investment at the ending year is $29,000

So by considering the above information, the $0 would be reported in the net income as only realized gains are transferred to the income statement

While the unrealized gain or loss on available for sale securities transferred to Comprehensive income statement and accumulated amount goes to Balance Sheet as  a Accumulated Other Comprehensive Income

3 0
3 years ago
Tedd E. Bear has an annual salary of $48,000 with no other loans outstanding. Using the 25% guideline from class and with a 20%
Kobotan [32]

Answer:

The total loan value would be of $261,825

Explanation:

In order to calculate how expensive of a home can Tedd purchase using a 4%, 30 year mortgage we would have to calculate first the amount of annual payments as follows:

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PMT = 12,000/12 = 1000

FV = 0

rate = 4%/12

N = 30*12

Hence, use FV function in Excel  amount after down payment = $209,461.24

this represents 80% of the loan , so total loan value = $209,461.24/0.8 = $261,825

The total loan value would be of $261,825

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3 years ago
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