All categories

3 years ago

What is the purpose of tax-deferred retirement accounts?

1 answer:

4 0

Allows individuals to set up a retirement account at financial institutions to save money for retirement. Usually has a tax free growth or tax deferred basis.

Is this free answer or is there a multiple choice?

You might be interested in

Delmar Company purchased a building on January 2 by signing a long-term $480,000 mortgage with monthly payments of $4,400. The m

photoshop1234 [79]

Answer and Explanation:

The journal entries are shown below:

For the month of January

Cash $480,000

To Mortgage Payable $480,000

(Being the mortgage payable is recorded)

For recording this we debited the cash as it increased the assets and credited the mortgage payable as it also increased the liabilities

For the month of February

Mortgage Payable $400

Interest Expense $4,000 {($480,000 × 10%) ÷ 12 months}

To Cash $4,400

(Being the cash paid is recorded)

For recording this we debited the mortgage payable and interest expense as it decreased the liabilities and increased the expenses and credited the cash as it decreased the assets

Now the balance left is

Beginning balance of Mortgage Payable $480,000

Less: February Deduction (400)

Ending Balance of Mortgage Payable $479,600

6 0

3 years ago

A monopolistically competitive firm and a monopoly each maximize profits when Use letters in alphabetical order to:_________.

nalin [4]

Answer: The correct option is C.

Explanation: In a monopoly or monopolistic market, an organization will maximize its overall profit by producing at the quantity where the marginal revenue will be equal to marginal cost, in doing this, the resulting equation can then be used in solving for the price of one product and the quantity that must be produced in order to maximize profits.

In actual practice though, the requirement that marginal revenue equals marginal cost is used in determining the level of output of every firm at which they will maximize their profit, not minding of the type of market structure in which they are operating.

4 0

3 years ago

Vista components has found it needs to reorganize including a significant trim of its middle management, the action will likely

DENIUS [597]

Flattening the organization and empowering employees, allowing them to get close to the customer.

There are various legal types of organizations such as corporations, governments, non-governmental organizations, political organizations, international organizations, armed forces, charitable organizations, non-profit organizations, partnerships, cooperatives, and educational institutions.

Hybrid Organization An entity that operates simultaneously in both the public and private sectors, carries out public missions, and develops commercial market activities.

Volunteer Associations are organizations made up of volunteers. Such organizations, including informal clubs and coordinating bodies, should establish jurisdictions, including informal clubs and coordinating bodies, with goals in mind that can be expressed in manifestos, mission statements, or in ways that reflect their activities in an informal way.

Depending on the circumstances, we may be able to operate without legal process. Remember, every action of an organization, legal or illegal, reflects its goals.

learn more about the organization here. brainly.com/question/24448358

#SPJ4

8 0

2 years ago

1. Suppose you borrow money at a nominal interest rate of 14%. At the time you borrow the money, you expect inflation to be 8%.

tino4ka555 [31]

Answer:

1) 6% , 2) 5% , 3) As inflation rate ise higher than expected inflation rate, real interest rate would be lower than expected real interest rate

Explanation:

Real Interest Rate is the interest rate, which accounts for the impact of inflation.

Real Interest Rate = Nominal Interest Rate - Inflation

1) 14% - 8% = 6%

2) 14% - 9% = 5%

3) In case of variation in expected & actual inflation rate

1 + nominal interest rate = (1 + real interest rate) (1 + expected inflation rate)

1 + 14% = (1 + r) (1 + 3%)

1.14 = (1 + r) (1.03)

1.14 = 1.03 + 1.03r

0.11 = 1.03r

r = 8.82 {If inflation is higher at 9%}

If inflation could have been at expected 3%, real interest rate could have been 14% - 3% = 11%.

So : As inflation rate turned out to be higher than expected inflation rate, real interest rate turned out to be lower than expected real interest rate

7 0

3 years ago

To improve the effectiveness of the marketing control process, the marketing manager should?

Maslowich

Answer:

The manager for what ever business there in should reach sufficient standards for the clients and to make clients feel good and there actually getting something good out of He/Hers Company.

Explanation:

7 0

2 years ago