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A customer, age 60, has a fixed annuity contract with a value of $16,000. The cost basis in the contract is $10,000. If the cust

g100num [7]

Answer:

$5,000 taxable

Explanation:

In this scenario, the tax consequence of withdrawal will be $5,000 taxable. This is because annuity contract contributions are not tax-deductible, meaning that the original contribution of $10,000 has already been taxed. Therefore in this situation all $5,000 will be taxable, luckily since the individual is over the age of 59 1/2 then the distribution is not subjected to a 10% penalty tax for premature distribution.

6 0

3 years ago

SUB TO thunderoflight12 and i WILL GET IVE BRAINLIST FOR IT

stepladder [879]

On yt? or what bc ill sub just for it as long as you sub back mine is vxisz on yt

8 0

3 years ago

Read 2 more answers

Assume that Bolton Company will pay a $2.00 dividend per share next year, an increase from the current dividend of $1.50 per sha

Gwar [14]

Answer:

None of the options are correct as the price today will be $26.786

Explanation:

The price of a stock whose dividends are expected to grow at a constant rate forever can be calculated using the constant growth model of the dividend discount model approach (DDM). The DDM bases the value of a stock on the present value of the future expected dividends from the stock.

The formula for price under constant growth model is,

P0 = D1 / (r - g)

Where,

D1 is the dividend expected for the next period
r is the required rate of return or cost of equity
g is the growth rate in dividends

However, as the constant growth rate in dividends is to be applied from Year 2 onwards, we will use the D2 to calculate the price at Year 1 and we will then discount this further for one year to calculate the price today.

P1 or Year1 price = 2 * (1+0.05) / (0.12 - 0.05)

P1 or Year 1 price = $30

The price of the stock today or P0 will be,

P0 = 30 / (1+0.12)

P0 = $26.786

3 0

4 years ago

Yard Tools manufactures lawnmowers, weed-trimmers, and chainsaws. Its sales mix and unit contribution margin are as follows. Sal

Damm [24]

Answer:

Total Break even sales = 154,000 units

Lawnmowers ($154,000 × 20%) = 30,800 Units

Weed-trimmers ($154,000 × 50%) = 77,000 units

Chainsaws ($154,000 × 30%) = 46,200 Units

Explanation:

As per the data given in the question, the computation is shown below:

Weighted contribution margin = Contribution margin × Sales mix

= (0.2 × 30) + (0.5 × $21) + (0.3 × $39)

= $28.2

Now, Total break even sales = Fixed cost ÷ Weighted contribution margin

= $4,342,800 ÷ $28.2

= 154,000 units

So classifications are as follows

Lawnmowers ($154,000 × 20%) = 30,800 Units

Weed-trimmers ($154,000 × 50%) = 77,000 units

Chainsaws ($154,000 × 30%) = 46,200 Units

We simply multiplied the total break even sales with each sales mix

7 0

3 years ago

When hallmark cards introduced a line of 99-cent cards (about half the price of the previously least expensive cards sold by hal

Ivanshal [37]

The answer that fits the blank would be PENETRATION. Based on the given scenario above, the penetration pricing strategy was utilized in order for the item that was lowered in price reach a vast part of the market and this would eventually be known to everybody.

7 0

3 years ago