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3 years ago

Individual Retirement Accounts (IRAs) allow people to shelter some of their income from taxation.

Business

1 answer:

Marina CMI [18]3 years ago

3 0

Answer:

A) True

Explanation:

An individual retirement account (IRA) can be regarded as tax-advantaged account which is been used by individuals in saving as well as investing for retirement. individual retirement arrangements is a term that is been used by Internal Revenue Service (IRS) to describe individual retirement accounts as well as annuities which is been used as

personal savings plans having a

tax advantages that can help to save money as regards retirement.

It should be noted that Individual Retirement Accounts (IRAs) allow people to shelter some of their income from taxation.

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If a firm decide to eliminate a product line that produce a yearly net lo of $21000 it yearly net income

mina [271]

Option A is the proper response. It will only increase by $21,000 if it can completely eliminate all of the fixed expenses related to that product line.

Net income, in both business and accounting, is an entity's revenue fewer costs, depreciation and amortization, interest, and taxes for a given accounting period.

All fixed expenses related to a discontinued product line should also be discontinued. then the corporation can add $21,000 to its overall net profits. When a product line is discontinued, variable expenses are automatically eliminated.

The correct response is A. only if it can eliminate all of the fixed costs related to that product line will it increase by $21,000.

To learn more about Net Income, refer to this link:

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<u>COMPLETE QUESTION:</u>

If a firm decides to eliminate a product line that produces a yearly net loss of $21,000, its yearly net income

A. will increase by $21,000 only if it can eliminate all of the fixed costs associated with that product line.

B. will increase by $21,000 only if it can eliminate all of the variable costs associated with that product line.

C. will automatically increase by $21,000.

D. will decrease unless the firm can eliminate all of the fixed costs associated with that product line.

4 0

1 year ago

Hi-Tek is a young start-up company. No dividends will be paid on the stock over the next 15 years, because the firm needs to plo

Zolol [24]

Answer:

current share price = $5.40

so correct option is C. $5.40

Explanation:

given data

dividends paid = 15 years

pay = $6 per share

increase = 4%

to find out

current share price

solution

we know that Value after year 15 will be = ( D15 × Growth rate) ÷ (required return - growth rate) ......................1

put here value

Value after year 15 = $\frac{6*(1+0.4)}{0.16 - 0.04}$

Value after year 15 = $52

so here current share price will be

current share price = Future dividends × Present value of discounting factor

current share price = $\frac{6}{(1+0.16)^{16}}+\frac{52}{(1+0.16)^{16}}$

current share price = $5.40

so correct option is C. $5.40

4 0

3 years ago

If a consumer is always indifferent between an additional one grapefruit or an additional two oranges, then when oranges are on

garri49 [273]

Answer: will be straight lines with a slope of -1/2.

Explanation:

An indifference curve simply means the combination of two goods that can give a consumer equal satisfaction, and this makes the consumer indifferent.

It should be noted that along the curve, the consumer will have an equal preference which is for the combinations of the goods that are shown.

If a consumer is always indifferent between an additional one grapefruit or an additional two oranges, then when oranges are on the horizontal axis, then the indifference curves will be straight lines with a slope of -1/2. Here, the fact that the slope is negative

is due to the fact that the curve is downward sloping.

8 0

3 years ago

Allison's supervisor shared some information about the new procedure in the Employee Handbook in a meeting with all of the peopl

Brut [27]

An example of horizontal communication is when the supervisor shared some information about the new procedure in the Employee Handbook in a meeting with all of the people.

<h3>What is the Horizontal communication?</h3>

This refers to a transmission of information between staffs of a departments within the same level of operation.

Hence, the Horizontal communication is used by the Allison's supervisor.

Therefore, the Option D is correct.

Read more about Horizontal communication

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7 0

2 years ago

on may 1, there were 4 inventory items that cost $30 each. on may 5, 2 items were purchased for $35 each. given one item from th

disa [49]

Based on the <u>specific identification inventory method</u>, the cost of goods sold would equal $65 ($30 + $35) and not $75 as indicated in the question.

Specific identification is an inventory costing method that tracks the cost of goods to the exact items that are sold. This method is used where it is possible to track sold items individually, especially when the sold items are separately identifiable.

Specific identification is just one method in inventory costing. Others are <em>Last-in, First-out (LIFO), First-in, First-out (FIFO), and Weighted-Average Cost Methods.</em>

Thus, the inventory method that will produce the cost of goods sold under this scenario is the specific identification method.

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5 0

3 years ago