Which of the following statements about Roth IRAs is false?
A) Contributions made to a Roth IRA are not tax deductible, but are tax-free when withdrawn.
B) Withdrawals of contributions made at any time are not subject to taxation.
C) Withdrawals of investment earnings are not subject to taxation as long as the taxpayer is at least 55 years old and the Roth IRA has existed for at least five years.
D) Withdrawals of investment earnings are not subject to taxation if they are used to (up to $10,000 worth) to buy a first home, and if the Roth IRA has existed for at least five years.
C
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Which of the following is not true?
a. Large-scale IT outsourcing involves transferring specific assets to a vendor b. Specific assets, while valuable to the client, are of little value to the vendor c. Once an organization outsources its specific assets, it may not be able to return to its pre-outsource state. d. Specific assets are of value to vendors because, once acquired, vendors can achieve economies of scale by employing them with other clients
The quality management tool called poka-yoke is not relevant to JIT systems
Indicate whether the statement is true or false
A company currently sells 75,000 units annually. At this sales level, its EBIT is $4 million, and its degree of total leverage is 2.0. The firm's debt consists of $15 million in bonds with a 9.5% coupon. The company is considering a new production method which will entail an increase in fixed costs but a decrease in variable costs, and will result in a degree of operating leverage of 1.375. The president, who is concerned about the stand-alone risk of the firm, wants to keep the degree of total leverage at 2.0. If EBIT remains at $4 million, what dollar amount of bonds must be retired to accomplish this? Donotroundintermediatecalculations.
A. $2,118,421.05 B. $1,381,578.95 C. $1,842,105.26 D. $1,528,947.37 E. $2,192,105.26
Miriam Jensen purchased a fixer-upper home for $189,000 on January 4, 2015. The mortgage from Fifth Third Bank was recorded that same day in the amount of $175,000. On January 7, 2015, Miriam hired a contractor to install a new roof on her home. Miriam agreed to pay the contractor over time. The contractor filed a lien on her home on January 10, 2015, after the roof was installed. On January 23,
2015, Miriam purchased all new kitchen appliances including a built-in microwave, a built-in double oven, a countertop porcelain stove, and a refrigerator with panels that match the new cabinets her contractor was installing in the kitchen. Miriam purchased all of the appliances from Spencer TV and Appliance. The appliances were installed on January 30, 2015. Spencer's took a security agreement on January 23, 2015 and filed a financing statement on January 31, 2015. On February 1, 2015, Miriam bought a new bathtub for her bathroom that was installed by her contractor on February 5, 2015. Miriam had purchased the bathtub from Golden Baths and signed a security agreement on February 1, 2015. Golden Baths filed a financing statement on February 6, 2015. Miriam lost her job on July 23, 2015 and had to cease paying her mortgage. Fifth Third Bank foreclosed on the home on August 15, 2015. Miriam owed $174,000 at the time of foreclosure. She owes the following amounts to various creditors: Spencer's $17,000.00 Golden Bath $2,200.00 Roofing contractor $4,500.00 ?The property sold for $170,000 at the foreclosure sale. All improvements that Miriam made were included in the sale of the house. Who has first priority on the proceeds? A) The roof contractor B) Spencer's C) Golden Bath D) Fifth Third Bank