An IRA uses immediate annuities to pay out benefits; the IRA owner is nearly 75 years old when he decides to collect distributions. What kind of penalty would the IRA owner pay?

Answers

Answer 1

Answer:

50% tax on the amount not distributed as required

Explanation:

In this specific scenario, the individual will have to pay a penalty of 50% tax on the amount not distributed as required. This is mainly due to the fact that traditional IRA accounts require that distribution of benefits must begin no later than age 70½ if immediate annuities are used to pay for them. Failure to do so would have a consequence of a 50% tax on the undistributed amount, and must be paid by the owner of the account.


Related Questions

Nicole Boyd, an HR manager, had been receiving many complaints about production managers who were rejecting work-from-home requests from their subordinates. Nicole reviewed the situation and evaluated the performance of those who had made the request. She selected those employees whose work required minimal feedback and then took up their case with the production managers, providing evidence of the employees' high-quality work. Nicole's action helped the employees and production managers come to an agreement which enabled the employees to work from home three days a week. Nicole's act of confronting her managers with an issue faced by the employees reflects the _____ role of an HR official.

Answers

Answer:

Nicole's act of confronting her managers with an issue faced by the employees reflects the _reconciliatory____ role of an HR official.

Explanation:

Nicole as the Human Resources (HR) manager plays a critical role in the organization.  This is moreso when there are disagreements among the employees and their production managers.  It is his intervention and reconciliatory action that will enable the employees to reach agreement with their productions and vice versa on the way forward in any issue in order to achieve some balance in workplace human relationships.

Which pricing method adds the same fixed dollar amount to all medicines, regardless of ingredient costs

Answers

Answer:

the markup method

Explanation:

Note that the markup pricing method typically involves adding a fixed amount of cost of the product is added to the product’s price.

So, in the pricing method of medicines, a fixed dollar amount is added to all medicines, regardless of ingredient costs, and this amount is called the margin.

If a firm's fixed assets turnover ratio is significantly higher than its industry average, this could indicate that it uses its fixed assets very efficiently or is operating at over capacity and should probably add fixed assets.
a) true
b) false

Answers

Answer:

a) true

Explanation:

If a firm's fixed assets turnover ratio is significantly higher than its industry average, this could indicate that it uses its fixed assets very efficiently or is operating at over capacity and should probably add fixed assets.

Fixed asset turnover ratio can be defined as an efficiency ratio which gives the ratio of sales to the value of fixed assets owned by an organization.

Generally, it is calculated by dividing an organization's net sales by its net assets such as equipment, factory, and property. However, the fixed assets equals the fixed asset minus depreciation. When the fixed assets turnover ratio is high, it simply means that the organization is efficiently using its fixed assets to improve or generate more sales and vice-versa.

Suppose that you lend $1,000 to a friend and he or she pays you back one year later. What is the opportunity cost of lending the money? the real interest rate that would have been earned on the money the implicit cost of the money the nominal interest rate that would have been earned on the money There is no cost.

Answers

Answer:

The nominal interest rate that would have been earned on the money

Explanation:

Opportunity cost or implicit cost is the cost of the option forgone when one alternative is chosen over other alternatives.

If i lend a friend money, i would be forgoing earning interest on my money. This is my opportunity cost. Interest earned is nominal interest

Nominal Interest = Real interest rate + inflation rate

If the purpose of your message is to ask local businesses to sponsor your event, your desired outcome would most likely be

Answers

Answer:

the business will provide finance for the event

Explanation:

When messages are sent to business, local or international, to sponsor events, it is more often than not thought to be a request fro financial backing or financial muscle for the event. For this reason, the business being courted does not involves itself in the event but rather provides financial aid and maybe send out company representatives to see the event if necessary.

Cheers.

A customer value proposition is developed through an effective marketing mix that communicate about what to the customer?

Inexpensive product offerings

O Recommendations from previous customers

O Fairness towards customers

O Benefits that satisfy needs

Confidence Level

Rate your confidence to submit your answer.

High

Answers

Answer: benefits that satisfy needs

Explanation:

A customer value proposition has to do with the value that an organization promise to give an individual if the Individual buys a certain product from them.

A customer value proposition is developed through an effective marketing mix that communicate about benefits that satisfy needs.

Can a notary advertise saying on time 24/7. Is this allowed

Answers

Answer:

A Notary Signing Agent creates a new advertisement in the local Pennysaver that uses the phrase "On time 24/7." Is this allowed? Yes, this is allowed.

During 2019, Rainbow Umbrella Corp. had sales of $820,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $575,000, $90,000, and $160,000, respectively. In addition, the company had an interest expense of $100,000 and a tax rate of 21 percent. (Assume that interest is fully deductible.) Suppose the company paid out $57,000 in cash dividends. If spending on net fixed assets and net working capital was zero, and if no new stock was issued during the year, what was the net new long-term debt?

Answers

Answer:

$2000

Explanation:

The computation of the net new long term debt is shown below:

Before that we need to do the following calculations

Sales $820,000

Less:

Cost of Goods sold $575,000

administrative and selling expenses $90,000

Depreciation $160,000

EBIT -$5,000

less: Interest $100,000

Taxable income –$105,000

Taxes (21%) 0

Net income -$105,000

Now Operating cash flow is

= EBIT + Depreciation -Taxes

= -$5,000 + 160,000 - 0

= $155,000

As we know that

Change in NWC = Net capital spending = Net new equity = 0

Cash flow from assets = OCF – Change in NWC – Net capital spending

where,

Cash flow from assets is

= $155,000 - 0 - 0

= $155,000

Cash flow to stockholders is

= Dividends - Net new equity

= $57000 - 0

= $57000

Cash flow to creditors = Cash flow from assets - Cash flow to stockholders

= $155000 - 57000

= $98,000

Cash flow to creditors = Interest - Net new LTD

Net new LTD = Interest - Cash flow to creditors

= $100,000 - 98,000

= $2000

what are the three types of inherent value money can have

Answers

Answer:

commodity value, representative value, and also fiat value.

The three types of inherent value money can have is

commodity value representative value fiat value.

What is Money?

Money is referred to as an exchange medium with the help of which purchasing and selling are made. This money comes in the form of currency which is paid by an individual while making purchases.

In ancient times when currencies are not developed people used a barter system in order to purchase things. For example, they can sell their livestock in order to buy food. The exchange can also be done in metals or precious stones.

The money which has intrinsic value in the market is referred to as commodity money. Fiat money is referred to as money which y was given legal standing in the market without any obligations.

The representational worth of the money that is traded in response to a particular commodity's demand which indicates its real worth in teh market.

Learn more about Fiat Money, here:

https://brainly.com/question/14136478

#SPJ2

list the 6 areas of interest

Answers

Answer:

Conventional

Investigative

Social

Artistic

Realistic

Enterprising

Explanation:

Porter identified three generic strategies that a business could follow after identifying a market it wanted to enter.Which of the following is not included as one of Porter's three generic strategies?A) Broad differentiationB) Supplier cost differentiationC) Focused strategyD) Broad cost leadership

Answers

Answer:

B) Supplier cost differentiation

Explanation:

As per the Porter model of generic strategies, there are three strategies which are as follows

1. Cost leadership strategy: It deals with less cost to reach broad market

2. Differentiation strategy: It deals with offering different products to reach broad market

3. Focus strategy: In terms of cost leadership and differentitaion, it focused with less cost and offered unique products at narrow market segment

Therefore the option B is not included

According to a recent survey conducted by Bain & Company, which management tool or technique is most popular in global organizations today?

Answers

Answer:

Customer relationship management

Explanation:

Customer relationship management refers to managing the relation with the customer by providing them an excellent quantity of products and services which are to be unique so that it became easy for attract the customer also the firm could gain the competitive advantage.

In the recent survey, it is mentioned that 67% of executives said that the customers are not loyal to their brand also with the help of the internet, it became easy for the customers and the future customers to make the comparision with regard to the prices that enables the firm to increase the price at the same time the firm also balance the market share

So the customer relationship management is the answer

o
A command economy tends to exist under a
democratic government that provides little regulation.
socialist government that provides some regulation.
representative government that provides no regulation.
communist government that provides a lot of regulation.

Answers

The correct answer is D. Communist government that provides a lot of regulation.

Explanation:

In a command economy, the economy is not controlled by the relations of supply/demand or by individual decisions to produce/buy/sell products. Instead, these aspects of the economy are controlled by the government. Moreover, this type of economy is most common in communists or socialists governments because in these, individual freedoms tend to be limited and the government has a lot of control over most aspects of the society, including economy. Also, in a command economy, the government issues a lot of regulations and has a lot of control. According to this, the correct answer is D.

Answer:

(D)  communist government that provides a lot of regulation.

Explanation:

Your Welcome :D

who is the father of accounting ​

Answers

Answer:

Luca Pacioli

Explanation:

He  first described the system of double-entry bookkeepingn 1494

Answer:

Luca Pacioli is regarded as the Father of Accounting.

Explanation:

A liability is accrued for a contingent loss if:________
a. it is remote that the confirming event will occur
b. it is reasonably possible the confirming event will occur
c. the amount is not reasonably estimable
d. it is probable the confirming event will occur
e. the amount can be reasonably estimated

Answers

Answer:

Statement d. and statement e.

Explanation:

A liability is a contingent liability till the time the event confirming the liability do not take place, or the probability of such event is minimal.

Also in most cases the amount of such liability cannot be estimated with reliability.

Further when the probability of such event is high and the company and its consultants or management agree to the feasibility of this upcoming liability up to a defined extent of amount, that is the amount is also identifiable, the liability is recorded as a loss.

Thus, probability of event and the estimate of amount both are important in order to convert contingent liability into contingent loss.

transferable skills necessary for successful employment include a:basic skills b:thinking skills c:personal quality d: all of the above

Answers

The correct answer is D. All of the above

Explanation:

Skills that can be used in multiple jobs or contexts are known as transferable skills. This category of skill covers many types of skills including basic skills such as teamwork, communication or problem-solving; personal quality skills such as honesty, empathy, or ethics; and thinking skills such as making decisions or organizing information. Moreover, these are all transferable skills because it is likely an individual requires these skills despite his profession or role. For example, both a doctor and a secretary might face challenges that require them to make decisions (thinking skill), use ethics to make the best decision (personal quality), and communicate this decision to others (basic skill.)

You work as the sales manager for a company that sells office supplies to businesses of all sizes.Because the profit margins are razor-thin,you need to ensure that you are getting the very best prices on paper,pencils,pens,Post-It Notes,and other office supplies from the manufacturers.When reviewing the quarterly profit statement,you realize that your costs are higher than they should be,and you trace the higher costs back to an employee who has been lax about getting competitive bids to ensure the lowest prices.When you conduct your research to determine the reason for the higher costs,and take action to bring those costs back down,in which of the key management processes are you taking part?
A) planning
B) organizing
C) leading
D) controlling
E) mentoring

Answers

Answer:

E) Mentoring

Explanation:

Since they are looking into something.

Suppose that your tuition to attend college is $24,000 per year and you spend $8,000 per year on room and board. If you were working full time, you could earn $30,000 per year. What is your opportunity cost of attending college for one year? $32,000 $38,000 $54,000 $62,000

Answers

Answer:

$30,000

Explanation:

Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives.

In order to attend college, i would have to give up working. My opportunity cost is what i would have earned if i was working. This is $30,000.

Explicit cost is the cost actually incurred in carrying out an activity. Here, it is the total amount expended in attending college = $24,000 + $8,000 = $32,000

According to a recent study, the AIS strategic role that has the greatest impact on shareholder value is:

Answers

Answer:

Transform

Explanation:

According to a recent study, the AIS strategic role that has the greatest impact on shareholder value is Transform.

The AIS strategic roles known as Accounting information System strategic roles has a great impact on shareholders because it's strategic roles bring about transform and also has impact on business because it brings Reformation of processes in business. It should be noted that AIS also brings about automation.

Marlon had $22,000 of taxable income in 2018. Based on the table, how much federal income tax will Marlon owe in 2018?

Marginal Tax Rates,
2018
10% on the first $9,525 of income
12% on taxable income over $9,525 to $38,700
22% on taxable income over $38,700 to $82,500
24% on taxable income over $82,500 to $157,500
32% on taxable income over $157,500 to $200,000
35% on taxable income over $200,000 to $500,000
37% on taxable income over $500,000

Answers

Answer:

The federal tax income that Marlon will owe in 2018 is $2,449.5

Explanation:

Based on the effective tax rate, we have;

Marginal Tax Rates,

10% on the first $9,525 of income

12% on taxable income over $9,525 to $38,700

22% on taxable income over $38,700 to $82,500

Therefore, we have;

The tax amount for the first $9,525 of income = 0.1×$9,525 =  $952.5

The 12% on taxable income over $9,525 to $38,700 is given as follows;

$22,000 - $9,525 = $12,475

The tax amount for the taxable income over $9,525 to $38,700 is therefore;

Tax amount = 0.12 × $12,475 = $1,497

The total tax is therefore;

$1,497 + $952.5 = $2,449.5

The federal tax income that Marlon owe in 2018 = $2,449.5.

Answer:

$2,449.50

Explanation:

Just took the exam.

1) Take 10% of the first $9,525 = $952.50

2) $22,000 - $9,525 = 12,475

3) 0.12 × $12,475 = $1,497

4) $1,497 + $952.50 = $2,449.50

5) Marlon will owe $2,449.50 in 2018

Forrest fennell is thinking about investing in capital city bank. he is examining certain ratios of the bank including the ratio of nonperforming loans to total loans and leases and the provision for loan losses to total loans and leases. what type of risk is forrest attempting to measure with these ratios

Answers

Answer:

Credit risk

Explanation:

Credit risk is the risk that arises when the borrower fails to repay the loan to the person or the financial institution from whom he took the loan. It derives the loss possibility suffered by the lender with respect to the interest and principal amount not received by the borrower

According to the given scenario, the credit risk option is appropriate as it fits to the situation and extract the same meaning as discussed above

You are a member of a project team revising your company’s ethics policy. The team has representatives from four divisions: Software Engineering, Business Systems, Demand Planning, and Corporate Communications. You are the Corporate Communications representative and the team’s leader. Audra, a member of the project team, comments that the team is not performing as well as it could. Then she suggests that the team review a new draft of the ethics policy. She believes the policy will have positive effects on the team and on the organization as a whole. What is the most important message your colleague is trying to deliver?

Answers

Answer: ) She wants to present a new draft for a new policy.

Explanation:

The options to the question are:

A) She wants to present a new draft of the ethics policy.

B) The other members of the team are ineffective.

C) She is concerned that her work isn’t being valued.

The most important message that my colleague is trying to deliver is that she wants to present a new draft for a new policy.

This can be seen from the passage where she suggested that the team should review a new draft of the ethics policy. She further highlighted the reason for that and she said she believes the policy will have positive effects on the team and on the organization as a whole.

When the mortgage rates get high, the housing market will collapse, as fewer people will take loans for buying houses because of higher interest rates, and this will result in a

Answers

Loss in profit for the housing market.

Businesses, individuals, and governments often need to raise capital, while others have surplus funds. In a well-functioning economy, capital flows efficiently from those with surplus capital to those who need it. Transfers can take place in 3 ways: -Select- transfers without going through any type of financial institution, -Select- transfers through investment banks that underwrite the securities, and indirect transfers through financial -Select- that create new forms of capital.

Answers

Answer:

1. Transfers without going through any type of financial institution - DIRECT TRANSFER

Direct transfer of funds refers to the scenario where the people who have surplus capital are able to get it to those who need it directly without the use of an intermediary.

2. Transfers through investment banks that underwrite the securities, and indirect transfers through financial ... - INDIRECT TRANSFER

When the funds flow through an intermediary such as an Investment bank or other financial institutions, the transfer is indirect.

3. INTERMEDIARIES that create new forms of capital.

Intermediaries take the surplus capital from those who have it and then create new forms of capital such as loans and equity investments to enable them pass the funds to those who need it.

A new per unit tax on yacht production decreases the supply of yachts. If yachts are elastically demanded, what will happen to total revenues from yacht production?

Answers

Answer:

Total revenue would fall

Explanation:

The decrease in the supply as a result of the unit tax would lead to an increase in the price of yacht.

Since the demand for yacht is elastic, the demand for yacht is sensitive to price. As a result of the rise in price, the quantity demanded of yachts would fall. As a result, total revenue would fall

Elastic demand means that quantity demanded is sensitive to price changes. A small change in price would lead to a greater change in quantity demanded.

Adam, dianna, and loretta are engaged in a business partnership to develop 100 acres of vacant land into a residential upscale-gated community. their development project did not go as planed due to the economic and market conditions and they want to determine their rights. they are familiar with the court system and their option to file a lawsuit against each other but they fill it will be intrusive and may destroy their friendship or have other improper results. what can they do under these circumstances?

Answers

Answer: Based on the scenario, they can find alternatives which they'll use to resolve the issue rather than going to court. They can use the arbitration or get the meditator to help them out.

Explanation:

From the question, we are informed that Adam, Dianna, and Loretta are engaged in a business partnership to develop 100 acres of vacant land into a residential upscale-gated community but that their development project did not go as planed due to the economic and market conditions and they want to determine their rights.

We are further told that they are familiar with the court system and their option to file a lawsuit against each other but they fill it will be intrusive and may destroy their friendship or have other improper results.

Based on the scenario, they can find alternatives which they'll use to resolve the issue rather than going to court. They can use the arbitration or get the meditator to help them out. This will help them in resolving the issue and at the same time, keep their friendship.

An affiliate of an issuer that holds control stock for five months sells 1,000 shares for a $10,000 profit. How will this transaction be treated

Answers

Answer:

The Profit will be given to the insurer after been removed from the affiliate .

Explanation:

Based on the information given this transaction be treated by removing the profit which is the amount of $10,000 from the affiliate which is an affiliate of the insurer and then given the insurer the profit amount of $10,000 which was removed from the affiliate reason been that the control stock was been holds by the affiliate for five months in which it was later sold which means that the control stock was sold before the six month holding period.

Therefore the Profit will be given to the insurer after been removed from the affiliate .

You win a lottery with a prize of $1.5 million. unfortunately the prize is paid in 10 equal annual installments. the first payment is next year. how much is the prize really worth? the discount rate is 8 %.

Answers

Answer:

PV= $1,006,512.21

Explanation:

Giving the following information:

Annual payments= $150,000

Discount rate= 8%

Number of periods= 10 years

First, we need to calculate the future value using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual payment

FV= {150,000*[(1.08^10) - 1]} / 0.08

FV= $2,172,984.37

Now, we can determine the present value:

PV= FV/(1+i)^n

PV= 2,172,984.37/(1.08^10)

PV= $1,006,512.21

Debt that is callable by the creditor in the upcoming year, but is not expected to be called, is reported as

Answers

Answer: current liability

Explanation: Callable debts are simply called bonds (an investment instrument whereby an individual or investor loans a certain amount to an organization in other to finance a project or business that yields profit) which the creditor or issuer call of or terminate a bond before it reaches maturity usually due to decline or decrease in the interest rate on investment, which could have fallen below or seem illogical given the Interst rate in the bond. As such, bonds which are Callable are reported as current liabilities even when they are not expected to be called as current liabilities should include all of an organization's debt or liabilities which should be cleared within 12 months(current fiscal year).

Products are invented and revised by which department? Marketing Production Research and Development Finance

Answers

Answer:

Research and Development

Explanation:

Research and Development department is responsible for the new product development and any kind of modifications in the products. This department is responsible for investigation done by the organisation to improve the existing products and developing of new related products. Nowadays companies are more amounts for Research and Development, then only the organisation can survive in the market. The department aims to make new ideas, information and technology that improves the products effectiveness.

Other Questions
Which research source is considered reliable? anything ending in .com online newspapers social media sites sites without an author Folsom, Clovis, and Plano are examples of the first groups to cross the land bridge. farming groups of the American Southwest. Paleo-Indian cultures. WHo was John hancock? Write 5 facts you know about weather and climate. Match the accounting terminology to the definitions (Click the icon to view the definitions.) Definitions 1. Certified management accountants 2. Accounting a. information system that measures business activities, processes that information into reports, and communicates the results to decision makers b. professional accountants who serve the general public c. person or business to whom a business owes money d. field of accounting that focuses on providing information for internal decision makers professionals who work for a single company field of accounting that focuses on providing information for external decision makers 3. Managerial accounting 4. Certified public accountants 5. Financial accounting 6. Creditor If you had a key signature with three flats, which notes would need to be flatted? * 1 point C - E - B F - C - G B - E - A D - E - A Jackson mows 1/3 of his neighbors lawn in 1/6 of an hour. At this rate, how many lawns of the same size could he mow in one hour? i need help please :( Let f(x)-4x - 6 and g(x) = 3x + 5. Find (fg)(-3). A temperature recorded in Antarctica was 123F. The temperature recorded in the Sahara Desert was 135F. How many degrees warmer is 135F than 123F On the map, the lin of 49 degrees north laditude follows a where would you like to travel and why? 5 sentences Need help on this question anyone please! Solve for v. -8 +5v=-33 help please thanksss! Please help, use your knowledge of plate boundaries to answer whether an earthquake is likely or unlikely to occur at the location of the red circle. Which of the following map scales would be used for the topographic map shown? What is the relationship between the Red River, the Arkansas River, and the Mississippi River? 100 POINTS!! A company has 400 employees. There are 300 female employees. There are 80 employees who are under the age of 25. The probability of randomly selecting an employee who is female or is under the age of 25 is 85%. What is the probability of randomly selecting an employee who is female and under the age of 25?95%10%20%75%15% Find the product. 2 14 = a0