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3 years ago

12

Emma is a high school student with a part-time job. She is not eligible for any employer sponsored plan. She wants to start inve

sting for retirementWhat is the best type of account for her to use ?
A) 457 Plan

B) Roth IRA

C) Traditional IRA

D) Individual 401(k)

1 answer:

Alecsey [184]3 years ago

3 0

Answer:

d

Explanation:

when you are investing for a retirement you should use individual

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Handling materials = $6.25 per part

Inspecting product = $600 per batch

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Activity rate = Estimated Cost ÷ Estimated Activity

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3 years ago

Tom’s Grocery purchased 5 new cash registers for their new store and they paid $2,400 each for a total of $12,000 on August 1, 2

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Answer:

c. Depreciation $1,000

f. Property, Plant and Equipment $12,000

Explanation:

Tom's Grocery purchased 5 new cash registers which amount $2400 each. They have useful life of 5 years. Using straight line depreciation the annual depreciation charge will be $2,400 / 5 which is $480 per year per cash register. There are 5 cash registers so total depreciation expense will be $480 * 5 = $2,400 per year for 5 registers.

The registers are bought on August 1st, 2013 and the year end is December 31st, 2013 there are 5 months, the depreciation expense will be prorated based on the months.

$2,400 * 5/12

$1,000.

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4 years ago