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erma4kov [3.2K]
3 years ago
8

Two unrelated women are interested in opening a brokerage account. Each one wants to be able to enter trades in the account, but

one of the women does not intend to make an investment in the account and is concerned about tax implications if her name is on the account. The BEST recommendation would be for the account to be opened as a(n):_______-
Business
1 answer:
7nadin3 [17]3 years ago
7 0

Answer and explanation:

The best option for the unrelated individuals in the case would be to <em>open an account under the name of the person interested in actively investing but that person should a third-party trading authorization</em> so the other person can also have access to the account and place trades. All tax responsibility will lay on the primary account holder as well as all formal implications related directly to the brokerage account.

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How much money should be deposited today in an account that earns 5% compounded semiannually so that it will accumulate to $14,0
AnnyKZ [126]
First, calculate for the effective interest.

   ieff = (1 + i/m)^m - 1

Substituting the known values,
  
  ieff = (1 + 0.05/2)^2 - 1
  ieff = 0.050625

Then, using the equation,

   F = P x (1 + ieff)^n

Substituting,

  14,000 = P x (1 + 0.050625)^3

The value of P from the equation is 12072.15612

<em>Answer: $12,072.16</em>
4 0
3 years ago
A price ceiling will have NO immediate effect if: a. it is set above the equilibrium price. b. the equilibrium price is above th
ioda

Answer:

A. Set above equilibrium price

Explanation:

A price ceiling is a mandatory maximum price that a seller is allowed to charge. Generally, a government may impose this in order to protect consumers, especially with regards to the purchase of essential goods.

If the price ceiling was set below the equilibrium price (option c) or if the equilibrium price is above the price ceiling (option b), it will immediately cause a shortage (option d) since the quantity demanded would be higher than the quantity supplied when the price falls. This is because people will be willing to purchase more since it is cheaper but suppliers will be willing to produce less due to lower profits. Hence, options b, c and d are eliminated.

Option A is correct because... (please refer attached diagram):

When the price ceiling is above the equilibrium price, suppliers are willing to supply more since they can make higher profits but consumers will reduce purchasing since it is expensive. However, it does not cause any immediate effect because it takes time for suppliers to be able to produce more and cannot be done immediately unless anticipated in advance. In the long run however, quantity demanded will fall from equilibrium quantity to D1 and quantity supplied will rise from equilibrium quantity to S1. Hence, causing a surplus between D1 - S1 in the long run.

4 0
4 years ago
If an economy moves from a steady state with positive population growth to a zero population growth rate, then in the new steady
zheka24 [161]

Answer:

lower; the same as it was before

Explanation:

If an economy moves from a steady state with positive population growth to a zero population growth rate, then in the new steady state, total output growth will be lower, and growth of output per person will be the same as it was before.

7 0
3 years ago
Read 2 more answers
You take out a loan for $4000 at an annual interest rate of 5% (compounded annually). You must pay back the loan in 3 annual ins
GalinKa [24]

Answer: = $2,731.14

Explanation:

First find the annual payment.

The payment will be constant so is an annuity.

Present Value of an Annuity = Payment * Present Value Interest Factor of an annuity

4,000 = Payment * PVIFA( 3 periods, 5%)

4,000 = Payment * 2.7232

Payment = 4,000 / 2.7232

Payment = $1,468.86

This annual Payment is divided into an interest component and a component going towards principal repayment.

Interest component =  5% * 4,000

= $200

Amount going to principal = 1,468.86 - 200

= $1,268.86

Amount of Principal Outstanding = 4,000 - 1,268.86

= $2,731.14

3 0
3 years ago
MC Qu. 94 A company uses a process... A company uses a process costing system. Its Assembly Department's beginning inventory con
Eddi Din [679]

Answer:

$0.43

Explanation:

                                  Equivalent Units

                                                                                         Labor

                                                                       % Completion       Units

Units Completed and Transferred out                100%             109,500

Ending Work in Process                                       25%               <u>11,800   </u>

Total Equivalent units                                                                 <u>121,300  </u>

<u />

Particulars                                         Amount

Beginning work in Process               10,700

Cost Added during May                    <u>42,000</u>

Total cost added during the year   <u>$52,700</u>

<u />

Cost per Equivalent unit = Total cost added during the year / Total Equivalent units

Cost per Equivalent unit = $52,700 / 121,300 units

Cost per Equivalent unit = 0.43446002

Cost per Equivalent unit = $0.43

3 0
3 years ago
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