Answer:
1. As the RR, you should start acquiring all of the information needed to open the account from each joint owner.
2. Prior to purchasing the desired mutual fund, you should sit down with both joint owners and discuss the various risks associated with the investment.
Explanation:
In this situation, the RR must get all the relevant and important information that concerns opening the account and should also tell them the risks involved investing in such fund.
The RR should not just refuse to open the account because of risk he is not responsible for discussing what it means to open a JTWROS account.
Instead The RR has it as a duty to explain the implications of the JTWROS account to the client and her boyfriend
Cost = $4,000
Revenues = $3,200 per year
Life = 5 years
Payback period calculation:
Year ----- Cash flow -------- Investment
Yr 0 ----- ------------ -4,000
Yr 1 ------ 3,200 ----------- -800
Yr 2 ------ 3,200 -------------- 0
Payback period lies between year 1 and 2.
Therefore,
Payback period = 1+ 800/3200 = 1+0.25 = 1.25 years
Answer:
C) Both I and II
Explanation:
A partner's tax basis increases as partnership income and gain is allocated to the partner, including the partner's share of tax-exempt income like municipal bonds. The partner must also report a gain on his/her distributive share of partnership items like property, machinery, vehicles or merchandise distribution.
<span>Recession is a period of temporary economic decline. At this time, trade and industrial activity are reduced, causing unemployment, low incoms and falling profits. Social crises, especially affecting healthcare and pension insurance schemes are common, with special negatie effect to vulnerable social populations as disabled or elderly.</span>
