answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dybincka [34]
1 year ago
10

An individual who has completed college has been working for 9 years and is now 30 years old. He is thinking about returning to

school in a few years to complete his masters degree and wants to set up a 529 Plan with himself as the beneficiary. Can he do this? A. No, because the donor and the beneficiary must be different persons in a 529 Plan B. No, because 529 Plans cannot be opened after age 30 C. No, because 529 Plans must have an independent trustee D. Yes
Business
1 answer:
victus00 [196]1 year ago
6 0

Answer:

D Yes

Explanation:

An uncommon aspect of 529 Plans is that both donor and receiver can be the same person. There is no age restriction on who may be the beneficiaries of the account. This person may themselves open a 529 plan and be both the donor and the beneficiary.

Therefore from the above explanation the correct answer is D

You might be interested in
A pharmaceutical manufacturer offers monetary incentives to its sales representatives to promote a new drug to the medical profe
Advocard [28]

Answer:

pull strategies                            

Explanation:

A pull tactic is a method used to get one to the consumer. Rather of pressing the company into the client, pull approach includes the use of pull strategies or knowledge exchange to draw the consumer. Such clients would also continue selling the company for you.

The industry words pushing and pulling emerged in manufacturing and business process planning, but are now commonly used in promotions, as well as becoming a concept commonly used in hospitality delivery. Walmart is indeed an example of a corporation employing the push vs. pull technique.

6 0
2 years ago
Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
yarga [219]

Answer:

$10,700

Explanation:

The unit product cost = $15 + $57 + $3 = $75

Sale revenue = $100 × 8,400 = $840,000

Less :Variable cost

Variable cost of goods sold = 8,400 × $75 = $630,000

Variable selling and administrative = 8,400 × $7 = $58,800

Contribution margin = $151,200

Fixed manufacturing overhead = $132,000

Fixed selling and administrative expenses = $8,500

Net operating income = $10,700

4 0
1 year ago
You made an investment of $12,000 into an account that paid you an annual interest rate of 3.5 percent for the first 5 years and
Whitepunk [10]

Answer:

interest rate r = 6.78 %

Explanation:

given data

investment = $12,000

interest rate = 3.5 percent = 0.035

time = 5 year

interest rate =  7.9 percent = 0.079

time = next 15 year

to find out

What was your annual rate of return over the entire 20 years

solution

we get here interest rate as

interest rate r = [(1+r)^{t1} * (1+r)^{t2}]^{\frac{1}{t1+t2}} - 1     ...................1

here t1 is time period for first 5 year and t2 is time i.e next 15 year and r1 and r2 is rate

now put here value we get

interest rate r = [(1+)^{t1} * (1+r)^{t2}]^{\frac{1}{t1+t2}} - 1

interest rate r = [(1+0.035)^{5} * (1+0.079)^{15}]^{\frac{1}{5+15}} - 1

interest rate r = 1.0678 - 1

interest rate r = 0.0678

interest rate r = 6.78 %

4 0
1 year ago
Lakeland Inc. employees get 40 hours paid leave each year to pursue volunteer projects. The company runs a service day that host
e-lub [12.9K]

Answer:

sense of mission marketing

Explanation:

Sense of mission marketing refers to the marketing practice that holds that a company has to define its mission in a broad social context and not just simply in product terms.  

In this case, Lakeland's employees are involved in several social projects that help local communities in all the places that the company operates.

4 0
1 year ago
Delar Co. completed its year-end physical count of inventory. The inventory was valued at first-in, first-out (FIFO) costs and t
jekas [21]

Answer:

D. $490,000

Explanation:

The inventory was valued at first-in, first-out (FIFO) costs and totaled $500,000.

<em>Adjustments:</em>                                                              

The goods worth $10,000 (1,000 units x $10 cost) were shipped and billed to a customer meaning that company has already recorded the sales in its income statement therefore they became the property of the customer and should not have been included in the inventory count. The $10,000 should be removed from the inventory recorded bringing the inventory balance at $490,000 ($500,000 - $10,000).

The goods worth $30,000 (6,000 units x $5 cost) will not be included in the total inventory count because the inventory is held on consignment for one of the company's supplier and the ownership of the goods belongs to the consignor (in this case, the supplier) until they are sold. The goods appear in the inventory records of the consignor (in this case, supplier) not the consignee (in this case, the company). In this case, the company has not included the goods in its inventory cost therefore no adjustment is necessary.

4 0
2 years ago
Other questions:
  • Lesson 6 problem-solving practice sales tax, tips, and markup 1. skateboards inez wants to buy a skateboard but she does not kno
    11·2 answers
  • Jed Castanza transfers $90,000 of cash to the JN partnership for a 60 percent interest in the JN partnership. Ned transfers a bu
    13·1 answer
  • 4. College logo T-shirts priced at $15 sell at a rate of 25 per week, but when the bookstore marks them down to $10, it finds th
    9·1 answer
  • A client is using the Sales on Account workflow. Instead of receiving a payment against the invoice, they add a new deposit cate
    13·1 answer
  • U.S. Products operates two divisions with the following sales and expense information for the month of July: East Division: Sale
    8·1 answer
  • An upset forging plant will be built to produce 2,000,000 parts per year. The plant will operate for three 8-hour shifts per day
    11·1 answer
  • Herman Company has three products in its ending inventory. Specific per unit data at the end of the year for each of the product
    7·1 answer
  • Seneff Corporation uses the following activity rates from its activity-based costing system to assign overhead costs to products
    12·1 answer
  • Nigel belongs to a wealthy family. He has always enjoyed trying out new gadgets and devices that are launched in the market. Sin
    8·1 answer
  • Valentina recently made a friend from another country who works as a buyer at a large business firm. They get together with a gr
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!