In 2021, the maximum contribution that an individual who earns $1,000 can make to an ira is:________
a. $1,000
b. $4,000
c. $5,000
d. $6,000

Answers

Answer 1

The correct answer is  (a) $1,000.

In the United States, an individual retirement account is a type of pension offered by several financial companies that offers tax benefits for retirement savings.

Explanation

The maximum individual IRA contribution for 2021 is the lesser of 100% of income or $6,000 per person. The maximum donation allowed is $1,000 due to this person's $1,000 annual income. Of course, if a person only makes $1,000 a year, they most likely don't have enough money to pay their bills and they most likely don't have any extra money to put into an IRA, but that is not the question.

What is IRA?

You may save money for retirement tax-advantageously with an individual retirement account (IRA). An IRA is a financial institution-created account that enables someone to save for retirement while earning tax-free growth or on a tax-deferred basis.

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Related Questions

What is mydeco's market capitalization at the end of each year? b. what is mydeco's market-to-book ratio at the end of each year? c. what is mydeco's enterprise value at the end of each year?

Answers

(a) At the conclusion of each year, the market capitalization of Mydeco is calculated using the formula below:

in the year                                 2012    2013      2014   2015  2016

Shares Outstanding (millions) 55      55    55    55   55

Mydeco Stock price           7.92    3.3          5.25       8.71        10.89

Market capitalization (millions) 435.6    181.5  288.75  479.05   598.95

b. The following formula is used to determine the Mydeco's market-to-book ratio at the conclusion of each year:

Market-to-book ratio = Market capitalization/Stockholders equity

                                               

Market capitalization (millions)    435.6      181.5    288.75  479.05  598.95

Stockholders equity              252.7      250.3     251.2 258.5  273.7

Market-to-book                       1.72       0.73       1.15 1.85      2.19

c. The following formula is used to determine the enterprise value of Mydeco at the end of each year:

Enterprise value = Market capitalization - Cash + Long term debt                                                

Market capitalization (millions) 435.6     181.5   288.75 479.05   598.95

Cash                                          48.8 68.9     86.3   77.5    5

Long term debt                          500         500     575    600        600

Enterprise value                         886.80  612.60  777.45  1001.55 1193.95

What is market capitalization?

Market capitalization is a measure of the market value of a company's outstanding shares. It refers to the total amount of money that is invested in a company by investors throughout the world. This figure is used to determine an entity's rank among all other companies on the stock market.

Market capitalization can be measured in two ways: as well as total price or float (the number of shares available for sale), and as compared to book value . Market capitalization reflects how much ownership investors have in a given company.

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Across
3. Hamburger
5. The boss
7. Workers
9. Work performed for another person
10. Physical objects that are produced
10
Topic 1 Crossword
Complete the crossword below
Created using The TeachersCorner.net Crossword Puzzle Maker
Down
1. Using few resources than the economy is capable of using
2. The fundamental problem of economics
4. Natural resources used to produce goods and services
6. Using our resources to the maximum

Answers

Answer:

What question

Explanation: HUh

Specialists are experts in their field, but their major shortcoming as an entrepreneur is?

Answers

Answer:

Not being good at other skills as they focus only on their specialized area.

Explanation:

Specialists are experts in their field, but their major shortcoming as an entrepreneur is not being good at other skills as they focus only on their specialized area.

What skills do entrepreneurs lack?

The study found that while the majority of serial entrepreneurs have improved their ability to persuade, lead, be personally accountable, be goal-oriented, and interact with others, they typically lack the ability to self-manage, empathize, plan and organize their work, and solve analytical problems.

Entrepreneurs occasionally incur costs from the general population and run a high danger of failing. Entrepreneurial endeavors may inadvertently cause layoffs in the medium future if established enterprises close.

Since they are unprepared or lack the requisite abilities, most businesses fail. The main thing standing in the way of an entrepreneur and the success of their business is fear.

Thus, not being good at other skills as they focus only on their specialized area.

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The respa uniform settlement statement must be used to illustrate all settlement charges for:_____.

Answers

The RESPA Uniform Settlement Statement must be used to illustrate all settlement charges for residential transactions financed by federally related mortgage loans.

More about RESPA Uniform Settlement Statement:

The United States passed the Real Estate Settlement Procedures Act (RESPA). Congress mandated full disclosure of settlement costs to purchasers and sellers in 1975.

RESPA was also developed in order to limit the usage of escrow accounts, forbid kickbacks, and remove abusive tactics in the real estate settlement process. The Consumer Financial Protection Bureau is now in charge of enforcing the federal law known as RESPA (CFPB).

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Munchen company sold bonds at a premium. over the life of the bonds, the carrying value of the bonds will:__________

Answers

Munchen company sold bonds at a premium. Over the life of the bonds, the carrying value of the bonds will decrease.

What are Bonds?

Bonds are high-security debt instruments that allow an organization to raise capital and meet capital needs. It's a type of debt that debtors obtain from private investors for a set period of time.

These securities have a face value that corresponds to their redemption cost. Additionally, during the holding period, the issuer pays the holders with coupons. There are many different types of bonds, including high-yield, zero-coupon, convertible, corporate, government, municipal, fixed-rate, floating-rate, and more.

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In practice, the assets most commonly used to secure loans are?

Answers

Accounts receivable and inventory are the assets that are utilized to secure loans the most frequently in reality.

Numerous ratios aid analysts in determining how effectively a company pays its bills, collects payments from clients, and converts inventory into sales. Accounts receivable and inventory turnover, two ratios that fall within the current assets group, are two of the most significant. A company's accounts receivable turnover, often known as A/R turnover, is determined by dividing sales by accounts receivable. It is a gauge of how successfully a business can collect on the credit it lends to clients. A company with a strong track record of credit collection will have a higher accounts receivable turnover ratio.

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What has contributed to a shift in the type of skills needed for employees in the u.s. economy?

Answers

Use of computers to do routine tasks.

What Is an Economy?

An economy is a sophisticated system of interconnected production, consumption, and exchange activities that ultimately determines how resources are distributed among all the players. The requirements of persons residing in and participating in the economy are met by the production, consumption, and distribution of products and services.

Whether the entity is a country or a small town, an economy includes all of the activities connected to the production, consumption, and trade of products and services in that entity. Each economy is unique. Each is shaped by its particular resources, culture, laws, history, and geography. Each changes based on the decisions and activities of the participants.

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According to the text, the most important goal of monetary policyloading... is thought to be:_________
a. low interest rates
b. eliminating deflation
c. price stability
d. high economic growth rates

Answers

Answer 1. Ukrainian girls are silly. 2. Americans silly and fat

3. Cuz I'm living in Great Russian

Explanation:

____________ is the part of the self-concept that involves evaluations of self-worth.
a. facework
b. reflected appraisal
c. self-esteem
d. impression management

Answers

Answer:

i think self-esteem. Am I right?

Identify professional organizations that the accounting profession is involved in.

Answers

The following are professional organizations that an accountant must join:

American Institute of CPAsAmerican Accounting AssociationNational Society of AccountantsInstitute of Management AccountantsBeta Alpha PsiAmerican Association of Finance & AccountingAccounting and Financial Women’s AllianceInstitute of Internal AuditorsNational Association of Black AccountantsAssociation for Financial Professionals

A professional organization, also known as a professional association, exists to improve one or more professions, support the interests of those who work in such professions, and further the common good. It encourages creativity, connection, and communication. A professional organization often features a set of subcommittees or functional divisions, an elected leadership body, and member dues. Professional associations can be local, national, or even global, and they frequently have links to colleges and universities that offer degree programs in the subject matter.

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Which of the following vehicles is covered by liability coverage under the personal auto policy? a uninsured owned vehicle b motorcycle c company car

Answers

The vehicles are covered by liability coverage under the personal auto policy are the non-owned golf cart. Thus, option (d) is correct.

What is liability?

The term “liability” refers to a company's indebtedness to third-party creditors. The obligations include notes payable, bank debt, accounts payable, wages payable, accrued expenses, and taxes payable.

According to the Arizona law, the liability of the insurance on their vehicles as, including golf cart operators. It was the mainly designed for the use off public roads. It was the coverage under the policy.

Therefore, option (d) is correct.

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Your question is incomplete, but most probably the full question was.

A. Uninsured owned vehicle Company car

B. Motorcycle

C. Company car

D. Non-owned golf cart

In the context of a database marketing campaign, _______ tells a business how much it should spend to maintain a relationship.

Answers

The Customer lifetime value helps to inform a business on how much it should spend to maintain a relationship in a database marketing campaign.

What is a Customer lifetime value?

A customer lifetime value guides to a ratio that tells about the total revenue that a business can politely expect from a single client.

Hence, the customer lifetime value enables the firm to know valuable customers which allow to know who to minister most importantly.

Therefore, the Option C is correct

Database marketing is a methodical approach to the community, consolidation, and processing of client data.

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Suppose that 0.8 million currently unemployed workers decide to no longer actively look for work. what is the unemployment rate in this economy now?

Answers

Let's say that 0.8 million people who are currently unemployed decide to stop seeking jobs. The unemployment rate in this economy is 5.62%.

How much is unemployment?

The proportion of the working population without a job is known as the unemployment rate. It is a lagging indicator, thus rather than predicting changes in economic conditions, it typically rises or decreases as a result of them.

The unemployment rate is likely to increase if the economy is weak and there are few available jobs. It is normal to expect it to decrease when the economy is expanding healthily and there are plenty of available jobs.

What Is a Sufficient Rate of Unemployment?

Because lower rates might be viewed as inflationary due to pressure on wages from price increases, low unemployment is not regarded as beneficial. High unemployment rates are not thought to be good, though, as they may put financial pressure on consumer spending.

Although there is no universal agreement on what defines healthy unemployment, most experts believe that unemployment rates between 3% and 5% are optimum.

Calculation:

(Unemployed-0.8)/(labor force-0.8) x 100 = 8.50/151.20*100 = 5.62%.

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The journal entry to close out a credit balance in service revenues of $2,000 for the period would be:______.

Answers

The journal entry to close out a credit balance in service revenues of $2,000 for the period would be A journal entry is the act of recording any transaction, whether one that is commercial or not.

Cash 2000 (Debit)Accounts Receivable 2000 (Credit)

A journal entry is the act of recording any transaction, whether one that is commercial or not.  Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.

Which 7 categories of journals are there?There are seven main sorts of journals: general, cash receipts and disbursements, cash receipts and returns, sales, and sales returns.

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A declaration or public statement of professional standards of right and wrong conduct- subscribed to by the members of an association-defines a(n)?

Answers

A declaration or public statement of professional standards of right and wrong conduct- subscribed to by the members of an association-defines Code of Ethics.

What is Code of Ethics?

A code of ethics is a set of rules intended to help professionals conduct themselves in an honest and morally upright manner. A code of ethics document may describe the goals and objectives of the corporate or organization, the methods that experts should use to unravel challenges, the moral standards that the company or organization upholds, and other information.

An "ethical code," often referred to as a code of ethics, may cover topics including corporate ethics, a code of professional practice, and an employee code of behavior.An organization's ethical standards and best practices for honesty, integrity, and professionalism are outlined during a code of ethics.The consequences of breaking the organization's code of ethics for members might include termination.

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When calculating the balance of the sales revenue account, you find that the balance is lower than expected. However, according to your balance sheet and your analysis of the accounting equation, all of your debits and credits are equal across accounts. What is the most likely explanation for this?.

Answers

A sales transaction was never added to the ledger or financial records because you neglected to enter it in the diary.

The assets made by a company's operations and business activities are its revenues. To put it another way, revenues comprise the money or receivables a business receives from the sale of its products or services. The income account has a credit balance and is an equity account. Therefore, a credit to the revenue T-account results in a rise in the account balance. The enlarged accounting equation demonstrates how revenues raise equity. Because revenues or income are often only created, unlike other accounts, revenue accounts are rarely debited. A business seldom has its income taken away. Only when items are returned and purchases are reimbursed does the revenue account be deducted. The initial transaction is voided in this situation, thus the recorded sale must be reversed.

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The texas election code requires that in even-numbered years, each texas political party must do what?

Answers

The Texas election code requires that in even-numbered years, each Texas political party must hold a biennial state convention to conduct party business.

What is Biennial State Convention ?

The ECCV presents a biennial conference that brings together top decision makers, academics, and grassroots services to discuss challenges affecting Victoria's migrant and refugee community.

The State Conference Planning Committee monitors the biennial event's delivery and is a collaborative effort between ECCV and our conference co-hosts, which are relevant to each subject. The ECCV chairperson chairs the planning committee.

There was no State Conference in 2020 due to COVID-19. The next conference is scheduled for late 2022.The Conference brought together key decision-makers, academics, and employment service providers to discuss the future of work in multicultural Victoria.

Panel discussions, presentations, and plenary sessions suggested strategies to improve knowledge and understanding of workplace diversity and inclusion.

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In europe, before data is gathered, ________ must be given by customers with knowledge of all the facts needed to make a rational decision.

Answers

In Europe, before data is gathered, "informed consent" must be given by customers with knowledge of all the facts needed to make a rational decision.

This is further explained below.

What is informed consent,?

Generally,  In order for a person to provide their "informed consent," the research team conducting the study, whether it be for a pilot or as a responder in the real study, is required to explicitly describe all of the potential risks and advantages associated with participation in the study.

In conclusion, Customers in Europe are required to provide what is known as "informed consent" prior to any data collection taking place. This means that they must be aware of all of the relevant information in order to make an intelligent choice.

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If+the+human+population+is+growing+at+a+constant+rate+of+1.1%+per+year,+how+will+the+number+of+people+added+to+the+global+population+change+each+year+in+the+future?

Answers

Global Population after 1st year = 8.05767

Population added to the Global Population change each year in the future depends on constant growth rate.

If the human population is growing at a constant rate of 1.1% per year,the number of people added to the global population each year in the future depends on the constant growth rate, and an increasingly larger number of people will be added to the population each year.

As per worldometer, current population of world = 7.97 Billion

Rate=1.1%

Population added after 1st year =

1st year = 1.1% of 7.97 Billion

= 1.1/100*7.97

=79.7 Million

Population after 1st year =  7.97Billion +79.7 Million

= 8.05767 Billion

population added after second year =

1.1% of 8.057

=88.54 Million

Population after 2nd year =

8.05767 +88.54

=8.1463 Billion and so on..

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Is the process of collecting information about forces in the marketing environment.

Answers

Environmental Scanning is the process of collecting information about forces in the marketing environment.

What are market forces?

Market forces are the elements that affect an industry, market, or the overall economy. Supply and demand are the two fundamental factors that influence markets. Prices rise when supply is low and demand is high, whereas prices fall when supply is low and demand is high.

Free markets are guided by market forces, which also set prices for goods and services. As a shareholder, it's possible that you've seen references to market forces and how they impact the stock of a certain firm or the general financial markets.

The "invisible hand" theory, made famous by economist Adam Smith, is a definition of market forces that holds that without government interference, effective markets will naturally strike a balance between supply and demand.

Thus, market forces are to be controlled properly in order to keep the markets running properly.

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Complete Question

_____________is the process of collecting information about forces in the marketing environment

Business rules apply to businesses and government groups, but not to other types of organizations such as religious groups or research laboratories. true false

Answers

Business rules apply to businesses and government groups, but not to other types of organizations such as religious groups or research laboratories. this statement is false.

A business is defined as an organization or company engaged in commercial, industrial, or professional activities. A company can be either a commercial entity or a non-profit entity. Legal forms range from limited liability companies to sole proprietorships, corporations, and partnerships.

Companies first contribute to society by distributing goods and services essential to survival. In addition, it creates employment opportunities that help individuals earn an income that meets their needs within society. Business is made up of individuals working together to meet the needs of society and common goals. Examples of businesses include Coca-Cola and Walmart, as well as small private companies such as accounting firms and local grocery stores.

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Abc company reported net income of $50,000 and was required to pay preferred stock dividends of $10,000. net income available to common shareholders is:__________

Answers

Net income available to common shareholders is:$40,000

What is net income available to common shareholders ?

The net income  available to common shareholders means the amount of earnings which of the company from the net income, which exclusively belong to the common shareholders from which common dividends and also retained earnings, since not all earnings belonging to common shareholders are paid as dividends, there is need to retain some and reinvest in the company.

The net income available to common shareholders  is the net income of the company minus the preferred stock dividends

net income available to common shareholders=net income-preferred stock dividends

net income=$50,000

preferred stock dividends=$10,000

net income available to common shareholders=$50,000-$10,000

net income available to common shareholders=$40,000

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Within the 4e framework for social media, the ultimate goal of a firm is to ______ the customer. multiple choice question. excite

Answers

Within the 4E framework for social media, the ultimate goal of a firm is to  engage the customer.

What are elements of the 4E framework?

A 4E framework of social media marketing consist of : educate, empower, entertain and engage. Each one lets  to sell consumers on your product or service by a different means.

What is the purpose of social media?

Billions of people around the world connect social media to share information and make connections. On a personal view , social media advantages  to communicate with friends and family, learn innovative things, enhance  your interests, and to be entertained.

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The desk manager at one location of a hotel chain studies her operations manual and does everything "by the book." at the very least, her hotel should have a high level of?

Answers

Conformance quality.

How Should We Define Conformance Quality?

Based on what they believe to be their consumers' demands, manufacturers of goods and services establish certain benchmarks for their products. Once the succeeding goods and services are produced, they will be compared to these benchmarks as expectations. It is referred to as having great conformance quality when a product closely matches the desired standards.

The product is said to have low compliance quality, on the other hand, if it significantly deviates from the planned design. Tolerances are included in by manufacturers since it is challenging to match desired values precisely. These tolerances describe the amount of deviation from the target that a good or service can have while still being deemed to have an acceptable level of conformity.

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An employee may experience role ______ when attempting to balance a heavy workload.

Answers

Trying to manage a large workload might cause occupational stress in an employee.

the required detais about workplace stress is mentioned below

What is workplace stress?

Occupational stress is a word that is frequently used in the professional business sector to describe the on-going or escalating stress that an employee goes through as a result of their duties, conditions, surroundings, or other pressures at work.

One documented health risk factor for a variety of psychological, behavioral, and physiological problems and diseases is occupational stress. Through better wellness and proactive stress management, both organizations and individuals can lessen the impact of these conditions. This article discusses three topics: the health risks associated with occupational stress that are known to exist; the use of preventative stress management as a framework for intervention in businesses; and the developing field of boosting wellbeing, which supports the individual.

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Hich statement is true about crop/hail insurance? a it is not subject to any deductible b it covers only one growi

Answers

Option{B} is the correct answer. Crop/hail insurance covers only one growing season. Crop Hail covering offers defense against fire and/or hail-related physical harm. Extended coverages including those for fire and lightning, theft, vandalism, and malicious mischief.

What Is Insurance for Crop Hail?

Crop-hail insurance is a type of insurance that covers loss and destruction brought on by both fire and hail. It is a product that farmers buy to safeguard agricultural goods while they are still in the field and unharvested.

Farmers, who are frequently at the whim of unforeseen weather disasters, can have their livelihoods protected by crop-hail insurance. The special ability of hail to completely destroy a sizable portion of a planted field while leaving the remainder undamaged is why it is singled out.

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Tricon co. sells $10,000 of its accounts receivables and is charged a 5actoring fee. it records this sale with a debit to?

Answers

Tricon Co. sells $10,000 of its accounts receivables and is charged a 5% factoring fee. It records this sale with a debit to Cash for $9,500.

What is a factoring fee?

The factoring fee is a kind of discount in which it includes factoring companies that are received by the companies after purchasing invoices before they are due and the debtors are to be paid.

One can easily calculate it with the help of the formula. They just have to put the data in the formula. It's like:

Factoring fee = daily rate * number of days the invoice is outstanding

Thus,  sale with a debit to Cash for $9,500.

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The emergence of an information-based economy are important parts of the __________ environment in which businesses operate.

Answers

The emergence of an information-based economy is important parts of the Technological environment in which businesses operate.

What is the technological environment?

The technological environment is part of the company's external environment that is related to technological breakthroughs and changes. Additionally, the word "technology" is frequently used in relation to methods and equipment. The organization faces both risks and opportunities as a result of its change.

Companies must adjust to technological changes because they have little control over them. Therefore, businesses must be able to adapt to new technological developments.

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True or false: interest paid minus net new borrowing equals cash flow to creditors.

Answers

This problem is a True statement. interest paid minus net new borrowing equals cash flow to creditors.

What is Cash flow?

The inflow and outflow of cash inside a business is known as cash flow. Inflows are represented by money received, and outflows are represented by money spent. A particular kind of financial statement called a cash flow statement details the sources and expenditures of a company's net profit over time. Costs incurred as part of routine activities are included in operations cash flow.

Therefore,

interest paid minus net new borrowing equals cash flow to creditors.

This problem is a True statement.

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What is the most difficult step in performing a total landed cost or total cost of ownership analysis?

Answers

The most difficult step is completing a total landed cost or total price of ownership analysis.

How do total landed costs vary from the total cost of ownership?

Total landed cost (TLC) is a cost that contains the cost of your basic ingredient along with all the costs associated with getting that ingredient to your location. Your total price of ownership (TCO) contains your TLC plus all costs associated with owning the product such as proper storage and prep costs.

The organization will be looking for the price to change its own structure. The organization will be looking for these costs to be recovered over time.

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