Answer:
50% tax on the amount not distributed as required
Explanation:
In this specific scenario, the individual will have to pay a penalty of 50% tax on the amount not distributed as required. This is mainly due to the fact that traditional IRA accounts require that distribution of benefits must begin no later than age 70½ if immediate annuities are used to pay for them. Failure to do so would have a consequence of a 50% tax on the undistributed amount, and must be paid by the owner of the account.
Certification of Deposit (CD ) pays the same interest as Savings Account. And Money Market Account has higher interest rate. Checking account pays little or no interest. So for Jorge is the best option to use:
B ) Money Market Account.
Answer:
D. Inspection of raw materials
Explanation:
Quality improvement program is undertaken by entity in order to improve their processes and procedures for producing goods or providing services.
As every other business undertaking, entities incur cost when undertaking quality improvement program. Such cost includes data collection cost, survey cost and inspection cost.
In this case, inspection of raw materials will be included in the total costs of undertaking the quality improvement program.
Warranty costs, sales returns and cost of rework are all related to cost incurring in the ordinary business of an entity.
Answer:
d. have the right to receive dividends only in the years the board of directors declares dividends.
Explanation:
Preferred shareholders<u> have the right to receive dividends in the priority to the common shareholders of the company unit. </u> In other words, if there is sufficient funds with the company to declare dividends both to preferred and common shareholders, then in that case, preferred shareholders will be entitled the right to receive dividends first, and remaining amount will be distributed to common shareholders. Only that, they have this right only when the board of directors declares dividends.
Answer:
Explanation:
Earning per share = Net income/ Total Stock
Earning per share = 401000/26700
Earning per share = 15.019
Price earning = price per share/EPS
Price earning = 33.5/15.019
Price earning = 2.23
