Answer: A. December 31, 2018
Explanation: RMD also known as required minimum distribution is a withdrawal one has to take from his or her retirement plan once he or she attains the age of 70and a half years old.
According to IRAs, once a person attains the age of 70.5 which is six months after the person's 70th birthday, the individual is entitled to take his or her RMD by the 31st of December following his or her 70.5 birthday.
According to the above question, Walter is entitled to take his RMD on the 31st of Dec, 2018.
Answer:
64%
Explanation:
Commercial banks have been found to provide most of the credit needs of small businesses. So small business owners are more likely to get a loan from a commercial bank close to them.
Commercial banks however tend to be reluctant when the economy is stagnant. Mostly small businesses in an economy that is slow have challenges repaying loans collected.
However funds have been made available for small business and are made available primarily through commercial banks
Answer: Restructuring cost
Explanation:
Restructuring cost could be described as making expenses on rejuvenating or reviving or rebranding the company through spendings, which affects most of it's mode of operations, brings a change and innovation and ways to improve existing methods. This is capital intensive due to the work and changes required during the process.
Answer:
The answer is: $14.76
Explanation:
To calculate the factory overhead rate per direct labor hour we must divide the total factory overhead cost over the total amount of direct labor hours.
Factory overhead rate = $15,5000,000 / 1,050,000 direct labor hours
Factory overhead rate = $14.76 per direct labor hour
