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Ivanshal [37]
3 years ago
10

Jimmy establishes a Roth IRA at age 47 and contributes a total of $89,600 over 18 years. The account is now worth $112,000. How

much of these funds may Jimmy withdraw tax-free?
Business
1 answer:
azamat3 years ago
3 0

Answer:

Jimmy may withdraw $112,000 tax-free.

Explanation:

Jimmy's Roth IRA is a special retirement account where he has paid taxes on money going into the retirement account.  Then all future withdrawals are tax-free.  Jimmy can choose Roth IRAs when he considers that his taxes will be higher in retirement than they are at the time of the contributions.  It is important to note that Jimmy cannot contribute to a Roth IRA if he makes too much money, instead, he will be required to contribute to a traditional IRA where taxes are paid during withdrawal.

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The par value of a stock:
SCORPION-xisa [38]

Answer:

A) is used to determine minimum legal capital balances at issuance

Explanation:

The par value of stock represents the minimum amount that must be paid per share. Par value is also referred as the Face Value or Nominal Value of common stock.  The Par Value of common stock is  derived by Par value per share * No. of Issued Shares.

8 0
3 years ago
Creating a budget is about your wishes and hopes for what you want your income to be.
PIT_PIT [208]

Answer:

False.

Explanation:

Creating a budget is not about your wishes and hopes for what you want your income to be, but must be done by having a realistic perception of the income and expenses that each person has from month to month. In this way, you can project responsibly, avoiding incurring debts or other negative consequences.

7 0
3 years ago
Kiley Corporation had these transactions during 2017. Analyze the transactions and indicate whether each transaction is an opera
Nataly [62]

Answer:

The answers are:

A) non cash investing and financing activity

B) financing activity

C) non cash investing and financing activity

D) financing activity

E) investing activity

F) operating activity

G) operating activity

Explanation:

  • operating activity: relative to the functions of a business directly related to producing and selling goods or services
  • investing activity: refers to buying and selling long-term assets and other investments
  • financing activity: refer to transactions with creditors or investors used to fund company operations
  • non cash investing and financing activity: refer to investing and financing activities that do not directly affect cash
5 0
3 years ago
Information technology's primary role in supply chain management is creating the integrations, or tight process and information
RSB [31]

Answer:

<h2>The given statement is true.Hence, the answer would be option a) or true in the answer options</h2>

Explanation:

  • In business operation,one of the primary or fundamental functions or roles of information technology is to facilitate the collaboration between various operational or functional areas or departments which can enhance the productive efficiency and performance of business operation.
  • In this regard,information technology can be ideally used to assimilate or integrate between various activities or functions under business operation such as marketing,sales,finance,manufacturing,supply chain activities etc. to establish or ensure a better and strong departmental or functional coordination and synchronization.
  • Therefore,information technology also enables a better flow or movement of essential business information among the various concerned or relevant departments or components which can improve operational efficiency and inter-departmental communication process.
  • Furthermore,information technology can also be essentially employed to ensure a better cohesion,linkage and coordination among related companies or firms which can immensely facilitate inter firm communication for pertinent business purposes.This can lead to much improved and better commercial or business coordination among the related firms or companies.
4 0
3 years ago
Movie studios use tracking studies in which prospective moviegoers are asked questions about an upcoming film release to help th
Grace [21]

Answer:

This is an example of survey or marketing research.

Explanation:

For the movie studios to use tracking studies in which moviegoers are asked questions about their thoughts and opinion in a new movie, it is called survey. <em>Part of the aim could be for criticism of their works, revenue forecast, impact of the movie on the society or their thought on the theme of the movie. </em>

6 0
4 years ago
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