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natali 33 [55]
1 year ago
14

Your income is $75,000 per year. You cannot set up a ROTH IRA if you earn more than $95,000 per year. If your salary increases b

y 20% each year, how many more years (after this year) can you contribute before you no longer qualify to set up a ROTH account?
Business
1 answer:
Alja [10]1 year ago
6 0

Answer:

only one more year

Explanation:

Your income for the current year (year₀) = $75,000

Next year's income (year₁) = $75,000 x 1.2 = $90,000

Year 3's income (year₂)= $90,000 x 1.2 = $108,000

You will only be able to contribute to a ROTH account during the next year (year₁), since your income for year₂ will be higher than $95,000.

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Fedex developed a 12-item statistical service quality indicator to measure customer satisfaction and service quality. the index
nikitadnepr [17]

Answer:

The correct option is B: Gap 2

Explanation:

The gaps model of service quality, which is also referred to as the 5 gaps model is a vital framework used by organization to ensure customer satisfaction. The Gap 2 model is normally between the perception of the management and what the actual experience of the customer is. In the Gap 2, managers always ensure that organization are delivering and defining the level of quality service they need. From the question Fedex is dealing with actual customer-defined performance standards and this indicates that they are a closing provider of the gap 2 of the gaps model of service quality.

8 0
2 years ago
One of the four most fundamental factors that affect the cost of money as discussed in the text is the expected rate of inflatio
Leto [7]

Answer:

False

Explanation:

One of the four most fundamental factors that affect the cost of money as discussed in the text is the expected rate of inflation. It is false to say, if inflation is expected to be relatively high, then interest rates will tend to be relatively low, other things held constant.

5 0
1 year ago
An investor buys a 5-year, 9% coupon bond for $975, holds it for 1 year, and then sells the bond for $985. What was the investor
Ann [662]

Answer:

hence investor's rate of return is 10.26%

Explanation:

Given data

time = 5 year

rate = 9%

coupon bond = $975

sell bond = $985

at time = 1 year

to find out

investor's rate of return

solution

we will find first here Coupon payment  that is

Coupon payment = 9% of 1000 that is  $90

so that we can say that coupon bond will be

975 = 90 / (1 + r ) + $985 / (1 + r )

solve here r we get r

rate r = 10.26 %

so

hence investor's rate of return is 10.26%

3 0
2 years ago
Which of the transactions listed here could be made into a recurring transaction? Select as many as are correct.(Select all that
professor190 [17]

Answer:

An expense, An invoice, An adjusting general entry

Explanation:

Well for the items provided,

Recurring transactions are those transactions which occur almost on a defined intervals. Recurring does not mean regular occurring, but it's occurring period is defined.

Therefore, Recurring Transactions are:

An expense = example monthly fixed payments of salary and wages, rent, utilities.

An invoice = this will be a regular transaction as issuing invoice to customers, is the daily business.

An adjusting general entry = as for like depreciation is fixed monthly,

Note: a customer payment is not recurring as it depends customer to customer as the payment is to be received or not, and at what interval it will be received.

Recurring transactions are:

An expense, An invoice, An adjusting general entry

6 0
1 year ago
On January 1, 2017, Leo paid $15,000 for 5 percent of the stock in BLS, an S corporation. In November, he loaned $8,000 to BLS i
Elina [12.6K]

Answer:

NONE

Explanation:

The BLS investment do not qualifies to use the equity-method as his percent of  the comany's are below 20%

The investment will yield a gain for Leo when it distribute dividends and from the change in the market value of the share.

Their investment is valued at cost, it do not recognize gains for the company's income or losses.  

6 0
1 year ago
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