Answer:
He is age 20 and single. His only income item is $12,100 interest from a trust fund. NO CONTRIBUTION SINCE HE HAS NO EARNED INCOME
He is age 40 and single. His only income item is a $34,900 share of ordinary income from a partnership. MAXIMUM CONTRIBUTION OF $6,000
He is age 60 and single. His only income item is $21,300 wages from his job. MAXIMUM CONTRIBUTION OF $7,000
He is age 46 and files a joint return with his wife. His sole proprietorship generates a $7,790 loss, and his wife’s salary is $46,700. MR. JANSON CANNOT CONTRIBUTE ANY MONEY TO THE IRA ACCOUNT, BUT HIS WIFE CAN CONTRIBUTE $6,000 ON HER ACCOUNT AND $6,000 ON MR. JANSON'S ACCOUNT.
Explanation:
In 2019, the limit for RA contributions increased by $500 to:
- under age 50 ⇒ $6,000 per year
- over age 50 ⇒ $7,000 per year
only earned income can be contributed
you cannot contribute more than what you earn
Answer: Wholesalers
Explanation: In simple words, push pull strategy refers to the flow of the merchandise from different levels of supply chain management. Wholesalers refers to an individual or an entity that produces a commodity at large quantities to ultimately sell it to retailers of that commodity.
In the given case,the rues and west were producing the commodities in large quantities and are supplying it to their stores where it is further sold to retailers.
Hence they are wholesalers.
Answer:
Management
Explanation:
Better cash management ensures survival of any firm if well handled and managed.
A Cash Management Strategy includes the use of Banks, Saving & Loan Associations, Credit Unions, and other financial institutions provide a variety of financial services or the use of Account services provide customers with online banking offering deposits, investments, credit cards, loans, mortgages, rewards programs and others.
Effective Cash Management Rules involves: balancing your checkbook regularly and Pay your bills on time
And others.
Answer:
Explanation:
For this case the total payment is $320000, and she pays $40000 so the remain amount to pay would be:
$320000-40000=$ 280000
For this case we assume that the annual interest rate is APR=5.7% =0.057 on fraction.
The total number of years are 20. For this case n represent the number of payments per year and since we have monthly payments then n =12.
In order to find the PMT we can use the following formula:
![PMT= \frac{P(\frac{APR}{n})}{[1-(1+\frac{APR}{n})^{-nt}]}](https://tex.z-dn.net/?f=%20PMT%3D%20%5Cfrac%7BP%28%5Cfrac%7BAPR%7D%7Bn%7D%29%7D%7B%5B1-%281%2B%5Cfrac%7BAPR%7D%7Bn%7D%29%5E%7B-nt%7D%5D%7D)
On the last expression the APR needs to be on fraction and P represent the principal amount, for this case P = $280000. So if we replace we got:
![PMT= \frac{280000(\frac{0.057}{12})}{[1-(1+\frac{0.057}{12})^{-12*20}]}](https://tex.z-dn.net/?f=%20PMT%3D%20%5Cfrac%7B280000%28%5Cfrac%7B0.057%7D%7B12%7D%29%7D%7B%5B1-%281%2B%5Cfrac%7B0.057%7D%7B12%7D%29%5E%7B-12%2A20%7D%5D%7D)
And we can verify this using the following excel function: "=PMT(0.057/12,12*20,-280000)"
Answer:
0,087792106 = rate
Explanation:
We need to calculate the interest of the investment
principal x (1 + rate)^time = value
replacing with the know values
24,000 x (1+rate)^2 = 28,399
28,399/24,000 = (1 + rate)^2
sqrt (28,399/24,000) -1 = rate
now we solve for the unknown value
0,087792106 = rate
