Answer:
An employee's funds grow tax deferred in the plan. They don't pay taxes on investment earnings until they withdraw their money from the plan. An employee will pay income taxes and possibly an early withdrawal penalty if they withdraw their money from the plan.
Explanation:
I hope this helps. :D
Answer:
B) keep $10,000 of Linnea's down payment.
Explanation:
Since Linnea repudiated the contract, it is considered a breach. Therefore, Harriette is entitled to compensatory damages for the breach of the contract. Compensatory damages only cover the lost revenue from the contract, so if Harriette was able to sell her farm and only lost $10,000 due to Linnea's breach, then she must return the difference = $20,000 - $10,000 (lost) = $10,000.
Answer: Henry should purchase this plant as it pays back in less than the 6 years it will have to be replaced in.
Payback period = 3.7 years
Explanation:
Payback period is a capital budgeting strategy that shows how long it will take for cash inflow to pay off the original investment.
The formula is;
= Year before payback + Cashflow remaining till payback/ Cash inflow in year of Payback
Year before payback
= 1,200,000/ 325,000
= 3.69
= 3 years
Cashflow remaining
= 1,2000,000 - (325,000 * 3)
= $225,000
= Year before payback + Cashflow remaining till payback/ Cash inflow in year of Payback
= 3 + 225,000/325,000
= 3.69
= 3.7 years
The price and quantity of the taxi service should for the price, decrease and the quantity or number of taxis should increase due to the influx of the ride sharing taxis so availability should be much better and the passenger should benefit from both factors.
