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jasenka [17]
2 years ago
14

An individual owns a bicycle repair business as a sole proprietorship. He does not make a lot of money, but he does have $5,000

available for investment this year. The BEST recommendation for this individual is to make a $5,000 contribution to a(n):
Business
1 answer:
sattari [20]2 years ago
6 0

Answer:

Roth IRA

Explanation:

The best recommendation for this individual would be to make a $5,000 contribution to a Roth IRA fund. A Roth IRA is an individual retirement account in the United States that offers tax-free growth and withdrawals in retirement at age 59½ or older. Since Roth IRA accounts have a annual contribution limit which varies between 5k to 6k a year, the individual will be able to max out this year's contribution with this single payment.

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The following balance sheet accounts of a foreign subsidiary at December 31, 2017, have been translated into U.S. dollars as fol
exis [7]

Answer:

$1,300,000

Explanation:

The computation of the total amount included in the translated balance sheet is shown below:

= Account receivable at current rate + account receivable, long term at current rate  + inventories at current rate + goodwill at current rate

= $600,000 + $300000 + $180,000 + $220,000

= $1,300,000

We recorded at the current rate or lower value of current rate or historical rate but the goodwill is recorded at current rate

6 0
3 years ago
An ordinary annuity selling at $10,538.38 today promises to make equal payments at the end of each year for the next twelve year
klio [65]

Answer:

The annual annuity payment during this time at the rate of 6.50 % is $1291.67

Explanation:

Compute the annual annuity payments (PMT)

Present Value of annuity (PV) = $10538.38

Number of years (n) = 12

Rate (i) = 6.50%

Present Value (PV) = PMT [1- (1+r)^{n} ]/r]

10538.38 = PMT [1- (1+0.0650)^{-12} ]/0.0650

Annual Annuity Payments = 0.0650*10538.38/[1- (1+0.0650)^{-12} ]

Annual Annuity Payments = $1291.67

6 0
2 years ago
___________ is an important example of an upper-middle income economy because it manages to export a wide array of goods includi
tensa zangetsu [6.8K]

Answer:

Kazakhstan

Explanation:

Kazakhstan is a country which comes under the upper-middle economy in the world. Their living standard is beyond any other neighbouring countries because it has managed to export a wide array of goods including tobacco.  Over the years, Kazakhstan has suffered major human rights issues, but still managed to grow its economy at a reasonable rate.

5 0
3 years ago
Question 2
JulijaS [17]

The price of coffee is =$4 and price of cake is = $5. so, the budget line is 4c+5k=40 where, c= coffee and k =cake If coffee is placed at x axis the cake on the y axis

a) Joe's budget constraint and draw a clearly labelled diagram to depict this information which is attached in the answer

b)  The equation the budget constraint for Joe for his coffee (C) and

cake (K) consumption. His income is 10, the price of cake is $2 and

the price of coffee is $1.

Income= 1C + 2D

c) On the graph above with cake on the vertical axis and coffee of the

horizontal axis draw the budget line. Hint: figure out where the budget line hits

each axis (so if K is zero what is C, if C is zero what is K), then connect the

points. Label this BL1 on your graph and give the numbers where the budget line hits both axis.

<u></u>

The budget line is 10= 1C + 2K, see above graph for line. Note when K is zero, C is 10.

When C is zero K is 5. This tells us where the budget line hits the two axis.

C). Now the price of coffee goes up to $2, draw a second budget line on the graph

that reflects the price change. Label it BL2. You can use the same graph but make

sure you label your budget lines!

See above graph for line. BL2 is rotated in as only the price of coffee changes. The

budget line hits the K axis at the same spot and the line rotates in because Joe can now

buy less coffee with his $10.

<u>II-Is he better or worse off now?</u>

. Now Joe receives a pay raise and his income is now $15. The price of cake

and coffee is still $2 each. Draw a third budget line to reflect the income raise.

Label this BL3.

BL2 shifts out in a parallel fashion to BL3, see above graph so he is worse off condition.

Learn more about Budget brainly.com/question/15683430

#SPJ9

8 0
1 year ago
The commands on an Edit menu may change as a result of your actions.
DanielleElmas [232]

Answer:

True is the correct answer.

Explanation:

7 0
3 years ago
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