Answer:
The maximum contribution Herb and Alice can make to their traditional IRAs are:
C. $7,000 for Herb, because he is over 50, and $0 for Alice because she had no earnings.
Explanation:
Formerly instead of contributing to the traditional IRAs, Herb can contribute $7,000 maximum to the Roth IRA and Alice $0 since they are above 70 1/2 and Alice does not earn any income. However, under the terms of the SECURE Act of 2019, all retirees, like Herb and Alice, can now contribute to traditional IRAs if they earn income. As retirees, Herb and Alice can continue to contribute earned funds to their Roth IRA indefinitely.
Answer:
$ 615,000
Explanation:
Data provided :
Capital budget = $ 650,000
Debt ratio = 40%
Equity ratio = 60%
thus,
The capital funded by the equity = 60% of the capital = 0.6 × $ 650,000
= $ 390,000
Dividend to be paid = $ 225,000
Therefore,
the net income must be earned = $ 390,000 + $ 225,000
or
The net income must be earned = $ 615,000
I'm pretty that would be: A.) True.
Answer:
A store that buys a shipment of new computers cant afford to buy new phones.
Explanation:
Answer:
Total disbursement for Q2 $579,43
Explanation:
We will assume the sales are purchase are uniform during the year.
therefore days 1-30 sales are paid within the quarter
and day 31 to 90 are paid the next quarter:
Q1:
Purchase for Q2 x 65% = 660 x 65% = 429
Q2:
dividends = 60 dollars
wages taxes and other 660 x 16% = 105.6
<u>payment to suppliers</u>
remainder of next quarter:
660 x 65% x 2/3 =286
payment of this quarter purchase:
590 x 65% x 1/3 = 383,5 x 1/3 = 127,83
Total disbursements:
60 + 105.6 + 286 + 127.83 = 579,43
