Xavier is a self-employed plumber. His earnings from self-employment, before the Keogh deduction but after deducting half of the self-employment tax, are $80,000. What is his deductible Keogh contribution for 2018?
A. $64,000.
B. $16,000.
C. $54,000.
D. $20,000.
Answer: B
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An annuity is a series of equal payments made at equal intervals in the future
a. True b. False Indicate whether the statement is true or false
Stock X has a beta of 0.6, while Stock Y has a beta of 1.4. Which of the following statements is CORRECT?
A. Stock Y must have a higher expected return and a higher standard deviation than Stock X. B. If expected inflation increases but the market risk premium is unchanged, then the required return on both stocks will fall by the same amount. C. If the market risk premium declines but expected inflation is unchanged, the required return on both stocks will decrease, but the decrease will be greater for Stock Y. D. If expected inflation declines but the market risk premium is unchanged, then the required return on both stocks will decrease but the decrease will be greater for Stock Y. E. A portfolio consisting of $50,000 invested in Stock X and $50,000 invested in Stock Y will have a required return that exceeds that of the overall market.
Which of the following values is considered the market value when valuing inventory at lower-of-cost-or-market?
A) sales price less the company's normal mark-up percentage B) current replacement cost C) cost plus the company's normal mark-up percentage D) historic cost
On an assembly line, a process batch can be infinite.
Answer the following statement true (T) or false (F)