Jacque Solis will have $37,700 left <span>after paying taxes and penalties from her $58,000 qualified plan
during the said period. </span>A
qualified plan is an employer-sponsored retirement plan that qualifies for
special tax treatment under Section 401(a) of the Internal Revenue Code.
Answer:
<em>Increase in quantity demanded</em>
Explanation:
Demand for a product is the different quantities of that product that consumers are willing and ready to pay for at different prices.
There are many factors that affect the demand for a product; these include change in the price of the product, price of related products, change in consumer income, change in fashion, taste and style.
<u><em>Change in quantity demand</em></u>
Specifically, the law of demand states that there is an inverse relationship between quantity demand and its price. Change in quantity demand is a movement along the demand curve.
<em>A change in the price of a product will produce an opposite change in the quantity that consumers are willing to buy assuming all other factors do not change. This is referred as to as change in quantity demand. This can either be an increase or a decrease depending on the direction of the price movement.</em>
<u><em>Change in demand</em></u>
<em>Change in demand is the shift in the demand curve to either right or left. This can be attributed to any of the factors that affect demand other the price e.g change in income.</em>
<em>Therefore a decrease in the price of laptop computers will lead to an increase in the quantity demanded</em> .
Answer:
d. Ginger cannot be sued under the theory of product liability.
Explanation:
Ginger sells goods to restaurant, and not to direct customers.
Customers can sue the restaurant owner for selling such baked products to them, and not to the direct manufacturer of such products.
Therefore, Ginger cannot be sued.
Although for any loss, the restaurant owner can sue Ginger, but not the direct customers under any scheme of Product liability. As the liability is of restaurant towards people consuming such baked products.
Answer:
With the large increase in financial market uncertainty, the mix between internal financing and external financing for new investment projects will tether towards internal sources of funding.
Explanation:
This means that the larger proportion of finance for new investment projects must come from internal sources rather than external sources. The companies will, therefore, experience much more pressure to generate and retain sufficient profits than it would have experienced otherwise. While this looks like the best way to go, the possibility of success depends on the chunk of the internally-generated funds that the companies already have.
Answer:
The adjusting entry will be made as below;
Explanation:
The entry made on October 1,
Bank Dr.$30,000
Unearned revenue Cr.$30,000
The adjusting entry on December 31 will be;
Unearned Revenue (30,000/12)*2 Dr.$5,000
Rental Income Cr.$5,000
