1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
iren [92.7K]
4 years ago
13

What is an incentive for a person to contribute to an IDA? It earns the highest interest rates available at a bank. It is good f

or the government. An organization matches the amount deposited. The interest on the account is not taxed.
Business
2 answers:
hjlf4 years ago
7 0

Answer:

The answer is: An organization matches the amount deposited.

Explanation:

Individual Development Accounts (IDAs) are used by low income savers for predefined purposes such as buying a house or starting a small business. The greatest advantage of IDAs is that another organization (e.g. foundations, government, corporations) agrees to deposit money in the account that match the amount deposited by the saver.

vagabundo [1.1K]4 years ago
5 0
The correct answer for the question that is being presented above is this one: "An organization matches the amount deposited." An incentive for a person in order to contribute to an IDA is that an organization matches the amount deposited.
You might be interested in
AB Corporation and YZ Corporation formed a partnership to construct a shopping mall. AB contributed $527,000 cash, and YZ contri
Vaselesa [24]

Answer:

a. AB and YX are both general partners.

AB's basis in the partnership's interests = $527,000 + ($263,500/2) = $658,750

YZ's basis in the partnership's interests = $457,000 + ($263,500/2) = $588,750

Each partner share 50% interest in the recourse debt.

b. AB is a general partner, and YZ is a limited partner.

AB's basis in the partnership's interests = $527,000 + $263,500 = $790,500

YZ's basis in the partnership's interests = $457,000

Only AB has a share in the recourse debt, since YZ is a limited partner  it has no recourse debt share.

5 0
3 years ago
Keyser Beverage Company reported the following items in the most recent year.
sladkih [1.3K]

Answer:

Net cash provided by operating activities = $49,730

Net change in cash during the year = $56,750

Explanation:

CASH FLOWS FROM OPERATING ACTIVITIES  $

Net Income     43,490

<em>Adjustments to reconcile net income to      </em>

<em>net cash provided by operating activities:      </em>

Depreciation on Fixed Assets    7,970  

<em>(Increase) Decrease in Current Assets:      </em>

Accounts Receivables    (10,700)

<em>Increase (Decrease) in Current Liabilities:     </em>

Accounts Payable     8,970

NET CASH PROVIDED BY OPERATING ACTIVITIES 49,730

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of Equipment    (9,000)

NET CASH USED IN INVESTING ACTIVITIES  (9,000)

CASH FLOWS FROM FINANCING ACTIVITIES

Payment of Cash Dividends    (5,480)

Issue of notes payable    21,500

NET CASH PROVIDED (USED) IN FINANCING ACTIVITIES 16,020

NET INCREASE (DECREASE) IN CASH   56,750

3 0
3 years ago
A taxpayer places a $50,000 5-year recovery period asset in service in 2016. this is the only asset placed in service in 2016. a
Charra [1.4K]
50,000×5=250,000
250,000÷4=625,000
250,000-625.000=375.00
Sum=375.00
8 0
3 years ago
According to state agencies that monitor day care facilities, a typical sanitation requirement is that one toilet and handwashin
kompoz [17]
After the word every the answer would be "students"

Final answer,

According to state agencies that monitor day care facilities, a typical sanitation requirement is that one toilet and handwashing fixture be provided for <span>every student</span>


6 0
3 years ago
Financial statements with data for two or more successive accounting periods placed in columns side by side, sometimes with chan
RideAnS [48]
The above is referred as Comparative statements. A comparative statement is an archive that contrasts a specific budgetary proclamation and earlier period articulations or with the same monetary report produced by another organization. Examiner and business supervisors utilize the wage explanation, monetary record and income proclamation for relative purposes.
6 0
3 years ago
Other questions:
  • olivia wants her online business to be successful. she is setting goals. which of these would be best for Olivia to do? A) write
    12·1 answer
  • Wilfrid laurier university bookstore conducts annual surveys of its customers. using xlstat answer
    14·1 answer
  • The net income of edwards corporation amounted to $74,000 for this year. the beginning balance ofâ stockholders' equity was $31,
    6·1 answer
  • Cutco promotes and prices its knife products to convey its premium quality and backs them with exceptional customer service to m
    9·2 answers
  • AFW Industries has 214 million shares outstanding and expects earnings at the end of this year of $ 723 million. AFW plans to pa
    7·1 answer
  • When is a door not a door?
    14·1 answer
  • Swifty Inc. and Blossom Co. have an exchange with no commercial substance. The asset given up by Swifty Inc. has a book value of
    6·1 answer
  • Ne
    6·1 answer
  • Identifying and Analyzing Financial Statement Effects of Stock Transactions
    9·1 answer
  • An analyst obtains a market quote for the two-year forward rate two years from now. to derive the next point on a theoretical an
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!