Answer:
$4,021.77
Explanation:
To solve this question find the present value of each cashflow then sum them up.
<u>PV of 2,000 received at year 2;</u>
Using a financial calculator, input the following;
FV = 2,000
I = 6%
N = 2
PMT = 0
then compute present value; CPT PV = $1,779.99
<u>Next, PV of 3,000 received at year 5;</u>
Using a financial calculator, input the following;
FV = 3,000
I = 6%
N = 5
PMT = 0
then compute present value; CPT PV = $2,241.78
Then sum up the two PVs = $1,779.99 +$2,241.78 = $4,021.77
Based on his age and income, the maximum that Jack is able to contribute to a Roth IRA in 2019 is <u>C. 7,000.</u>
In the year 2019, tax laws were such that:
- $6,000 was the maximum to be contributed to Roth IRA.
- $1,000 could be contributed in excess by those above the age of 50.
As Jack is above the age of 50, he can contribute an extra $1,000 over the limit which puts him at:
= 6,000 + 1,000
= $7,000
In conclusion, Jack can contribute a maximum of $7,000.
Find out more on Roth IRA at brainly.com/question/1300867.
Answer:
b one or two products are under costed.
Explanation:
If a company produces three products, & one product is over costed. Then, The company must have had one or two products, that are under costed.
As, if the company under costs a product. Then, it over costs the other products, for covering the lack of profit margins arising from under costing of former product.
Answer:
Letter A is correct.<em> Test marketing.</em>
Explanation:
Test marketing should be performed immediately after approval of the final product. This is an important tool for the organization to assess the compliance and viability of a new product when it is launched in a competitive market and real consumers.
There are several ways to conduct a marketing test. In one of them, the organization can make the product or marketing campaign available to a limited base of consumers aware or not of their participation to evaluate their answers and questions about the new product.
