1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Likurg_2 [28]
3 years ago
13

If your friend Raheem asks you, “What type of account should I use to save for retirement,” what would you tell him?

Business
1 answer:
SSSSS [86.1K]3 years ago
7 0

Answer:

Roth IRA account

Explanation:

The best type of account that you should save money in for Retirement is a Roth IRA account. This will allow you to put and save a maximum of $5,500 USD per year which will compound annually with interest and can be redeemed when you retire. Once you redeem your money at the age of 65 1/2 it will be completely tax-free. Meaning you have no liabilities with that money whatsoever and you can simply enjoy your retirement with that money.

You might be interested in
A client is visiting the prenatal clinic for the first time. While giving the nursing history the client states that her last me
professor190 [17]

Answer:

Expected date of birth will be 17 march

Explanation:

We have given last menstrual period started on June 10

We have to find the expected date of birth

According to Nägele's rule expected birth will be subtracting 3 month from last menstrual period and add 7 days

So after subtracting 3 month from last menstrual period it will be 10 march

And after adding 7 days it will become 17 march

So expected date of birth will be 17 march  

8 0
3 years ago
Journalize the entries to record the following transactions for Zentric Corporation. Refer to the Chart of Accounts for exact wo
GREYUIT [131]

Answer:

Jan 22

Dr Cash $720,000

Cr Common stock $720,000

Feb 14

Dr Cash $2,420,000

Cr Preferred stock $2,420,000

30

Dr Cash $540,000

Cr Preferred stock $495,000

Cr Paid in capital in excess of par-Preferred stock $45,000

Explanation:

Preparation of the journal entries

Jan 22

Dr Cash $720,000

Cr Common stock $720,000

(180,000 shares * $4)

Feb 14

Dr Cash $2,420,000

Cr Preferred stock $2,420,000

(44,000 shares * $55)

30

Dr Cash $540,000

(9,000 shares * $60)

Cr Preferred stock $495,000

(9,000 shares * $55)

Cr Paid in capital in excess of par-Preferred stock $45,000

[9,000 shares *($60- $55) ]

5 0
3 years ago
Sheridan Company prepared a 2019 budget for 150000 units of product. Actual production in 2019 was 175000 units. To be most usef
KengaRu [80]

Answer:

The actual results for 175,000 units with a new budget for 175,000 units.

Explanation:

To be more useful, actual results should be compared with budgeted amounts of actual production.

The actual results for 175,000 units should be compare with a new budget for 175,000 units

7 0
3 years ago
As indicated in the chapter, return on investment (ROI) is well entrenched in business practice. However, its use can have negat
Juliette [100K]

Answer:

ROI = net profit / total investment

1. What is the current return on investment (ROI) being realized by your division

  • ROI = $625,000 / $4,150,000 =  15.06%

2. What would happen to the near-term ROI of your division after adding the effect of the new investment?

  • ROI = ($625,000 + $50,000) / ($4,150,000 + $550,000) =  14.36%

If you carry out the new project the ROI of your division will decrease.

3. As manager of this division, given your incentive compensation plan, would you be motivated to make the new investment?

  • Even though the new project's return (9.1%) is considered acceptable by upper management, you will probably reject it since it will decrease your division's total ROI. When managers are assigned bonuses based on certain achievements, reducing your profitability ratio will probably result in no bonus.
6 0
3 years ago
Balsco's balance sheet shows total assets of $238,000 and total liabilities of $107,000. 11) The firm has 55,000 shares of stock
vovikov84 [41]

Answer:

A) $474,000

Explanation:

Since Balsco's balance sheet shows total assets of $238,000 and total liabilities of $107,000, it means that equity should be $131,000.

The current price of Balsco's stock is $11 per share and total shares outstanding are 55,000, which results in a total market value of $605,000. If you subtract total equity from the total market value = $605,000 - $131,000 = $474,000

6 0
3 years ago
Other questions:
  • A firm is considering a project that will yield $10,000 per year for 10 years. The required return on this project is 12.05%, co
    6·2 answers
  • Roslyn has decided to purchase a $14,000 car. She plans on putting $2000 down toward the purchase, and financing the rest at a 6
    12·2 answers
  • Individuals and organizations can give an unlimited amount of money to
    8·1 answer
  • In 2008, the U.S. government stepped in to help some failing financial institutions as a way to prevent further collapse of the
    5·1 answer
  • Please help! Two paragraphs. Be as detailed as possible. Include examples. Will get brainliest.
    9·1 answer
  • The person who acquires real property under the terms of a will is known as a ___________.
    11·1 answer
  • At the beginning of 2017, Wertz Construction Company changed from the completed-contract method to recognizing revenue over time
    6·1 answer
  • Sixty percent of Company A’s employees are considered top performers. Fifty five percent of Company A’s employees are in a rigor
    5·1 answer
  • If you were paid $952 today, and you invested it at a 5% interest rate, how much would you have a year from now?
    11·1 answer
  • Identify which method of overcoming objections did you use for each Boomerang. Question, Superior
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!