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earnstyle
1 month ago
13

If your friend Raheem asks you, “What type of account should I use to save for retirement,” what would you tell him?

Business
1 answer:
Nady [2.9K]1 month ago
7 0

Answer:

Roth IRA account

Explanation:

The ideal account for saving for retirement is a Roth IRA account. It allows you to contribute a maximum of $5,500 USD annually, which grows with interest over time and can be withdrawn upon retirement. Once you access your funds at age 65 1/2, they will be entirely tax-free, meaning there are no obligations attached, allowing you to enjoy this money in your retirement.

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Colgate reported Diluted EPS of $2.38 in accordance with GAAP. How much higher would EPS be if Colgate ignored the impact of res
Katen [2925]

Answer:

The EPS will exceed $2.38

Explanation:

Earnings per share represent the funds available to shareholders after all expenses and taxes have been deducted. Restructuring costs are one-off expenses and are classified as other operating expenses in the Income Statement. Including these restructuring and similar charges in the Income Statement leads to reduced Earnings before Tax and eventually lower net profit. Exclusion of these costs will result in increased earnings, consequently raising the company's EPS.

7 0
26 days ago
Which of the following items are normally classified as current liabilities for a company that has a one-year operating cycle? (
Nady [2956]

Response:

  • Impuesto sobre ventas a pagar
  • FICA-impuestos de seguridad social a pagar que vencen en 40 días
Parte de un préstamo a largo plazo que vence en 1 mes
  • Clarificación:

Los Pasivos Corrientes se refieren a obligaciones que deben ser pagadas en un período de 12 meses. Todo lo que sea mayor se clasifica como Pasivo a Largo Plazo. Según los elementos enlistados, los pasivos corrientes serán;

Impuesto sobre ventas a pagar, que son los tributos que el gobierno cobra sobre bienes y servicios, siendo responsabilidad de la empresa su recaudación y remisión puntual al gobierno. Esto es considerado pasivo corriente ya que se remiten con relativa frecuencia.

Los impuestos de seguridad social FICA pendientes por 40 días también son un pasivo corriente debido a su período de tiempo inferior a un año.

Una parte de un préstamo a largo plazo que vence en un mes también se clasifica como corriente por su vencimiento cercano.

8 0
21 day ago
When an organization’s internal environment no longer allows the organization to perform effectively, a manager might do which o
stepan [3001]

Clarification:

Question 1. The following strategies apply;

  • Foster a culture that encourages innovation by inviting employees to share and contribute fresh ideas.
  • Recruit individuals with diverse skills and perspectives while providing training for existing employees in new competencies.
  • Reorganize the structure to prioritize customer needs and streamline work processes.

Question 2. The following strategies apply;

  • Explore new opportunities for the organization.
  • Dedicate ample time to identify the core problem and ascertain its origins.
  • Establish timelines and milestones for addressing the issue.

Question 3

B. slow moving and stable

Question 4

D. incremental

Question 5.

D. made a proactive change

7 0
1 month ago
In her job as a bookkeeper, Becca has learned that one of her strengths is her thoroughness and close attention to detail. Which
stepan [3001]

The category that fits the given question is transferable skills. Transferable skills are defined as skills applicable across various jobs. The opposite of transferable skills is content skills, which are typically linked to specific professions.

Given that Becca indicates her strengths include thoroughness and meticulous attention to detail, these traits categorize as transferable skills, as she can utilize them in multiple job settings should she decide to switch careers.

3 0
1 month ago
Helen is keen on creating her own company when she graduates from college. She has researched the sector and developed contacts
Katen [2925]

Hi there,

My inquiry is whether there are any answer choices.

Your Question - Helen is ambitious about starting her own business post-college. She has examined the industry and built relationships with suppliers. Additionally, she possesses a risk-taking nature. What would be a suitable career for Helen upon graduation?

Answer - Store manager.

Reasoning - Given her discussions with vendors who could supply her with goods. However, without answer choices, arriving at a conclusion is somewhat challenging.

6 0
1 month ago
Read 2 more answers
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