Answer:
The maximum amount Harvey can contribute to his retirement plan in 2019 is $30,000.
Explanation:
According to Keogh plan the maximum amount Harvey can contribute to his retirement plan in 2019 is 25% over the amount Harvey earned Or 53,000 Whichever is less.
Thus,
Harvey is a self-employed accountant with earned income from the business of $120,000 and its 25% is $30,000.
Answer:
$1,395
Explanation:
Total cost of Inventory purchased
= (No. of units × Per unit price) + (No. of units × Per unit price) + (No. of units × Per unit price)
= (240 × 8) +(340 × 10) +(440 × 11)
= 1,920 + 3,400 + 4,840
= $10,160
Number of units purchased = 240 + 340 + 440
= 1,020
Average cost per unit = total cost /No. of units
= 10,160 /1,020
= $ 9.9608 per unit
Cost of ending inventory = 140 × 9.9608
= $1,395
Answer: (A) Business process management
Explanation:
The business process management is one of the systematic and structure approach for monitoring, executing, designing and also control the process in the business management.
The main aim of the business process management is that it helps in improve the overall operation of the business management. It also control the workflow and also reduce the expenditure of the business.
It also achieve the various dramatic improvement by measuring the performance, quality and the cost. Therefore, Option (A) is correct.
Answer:
$10,340
Explanation:
The computation of k is shown below;
Rate per quarter = 6% ÷ 4 = 1.5%
In the case when perpetuity paid every year, the effective rate is
= (1 + 1.5%)^4 - 1
= 6.136%
Now Effective rate in the case when perpetuity paid every 5 years
= (1 + 1.5%)^(4 × 5) - 1
= 34.68%
Now
The present value of Both perpetuities = $6,500 ÷ 6.13635506249994% + $8,500 ÷ 34.6855006550052%
= $130,431.99
Now
annuity =k
Number of Periods=25
effective rate = 6.13635506249994%
Annuity k =PV ÷ ((1 - (1 + r)^-n) ÷ r
= $130,431.99 ÷ ((1-(1 + 6.13635506249994%)^-25) ÷ 6.13635506249994%
= $10,335.84
= $10,340
