The public sector is controlled by different governments and the sole trader, the business is wholly managed and controlled by the individual proprietor.
Describe the public sector.The public sector is the segment of the economy that is made up of all tiers of government and businesses that are under government control. Private businesses, nonprofit organizations, and households are excluded.
What is a sole proprietor?A self-employed person who owns and operates their firm as an individual is known as a single trader. Since a sole proprietorship lacks a distinct legal identity from its owner, many people believe that the sole proprietor is also the business.
Contrast the public sector with a sole proprietorshipThe sole proprietorship, also known as a sole trader or sole proprietorship, is an unincorporated business with a single owner who pays personal income tax on business profits, as opposed to the private sector, which includes government ownership or control rather than just function and as a result includes, for example, the exercise of public authority.The area of an economic system that is under the jurisdiction of national, state or provincial, and municipal governments is known as the public sector. The business is fully and entirely under the sole proprietor's management and control.A sole trader is a self-employed individual who owns and manages a firm, whereas public finance refers to the administration of a nation's income, outlays, and debt load through various governmental and quasi-governmental agencies.Learn public sector: https://brainly.com/question/28255257
#SPJ9
in pennsylvania, the broker is providing communication and document preparation services and is assisting both parties in a transaction without advocating for either party. this broker is a:
A transaction licensee brokers are mostly working in Pennsylvania as the broker without advocating for either party .
Who are Brokers ?
In order to earn a commission after the trade is completed, brokers organize transactions between buyers and sellers. Brokers that take on dual roles as buyers or sellers are considered primary parties to the transaction. Neither function should be mistaken with that of an agent, who represents the principal party in a transaction.
An impartial party whose services are often used in several businesses is a broker. The main duty of a broker is to connect buyers and sellers; as a result, the broker acts as a neutral intermediary between a buyer and a seller. A real estate or stock broker who helps in the sale of a property would be an example.
To learn more about Brokers checkout the link below :
https://brainly.com/question/17011472
#SPJ9
a conflict of interest in research could result when a physician is paid as a consultant for a pharmaceutical company and also conducts human subject research with that same company.
False, since both roles are in the capacity of research and does not compromise results. So there is no conflict of interest in research.
Conflicts of interest are situations in which professional judgments or actions regarding a primary concern, such as a medical researcher's responsibilities, may be easily persuaded by a secondary interest, such as monetary benefit or professional advancement.
Many doctors work full-time for biotech and pharmaceutical companies, as well as medical device manufacturers. They work in research, product development, or administration. In fact, a few of them own the businesses. This is not conflict of interest.
Learn more on conflict of interest-
https://brainly.com/question/14940595
#SPJ4
zahra, the human resources manager, has significant experience handling ethical issues in the workplace. over the years she has received extensive training in matters of workplace ethics. due to zahra’s legal background (she is a member of the state bar association), the management of her company rely on zahra to assist them with legal issues, especially with ethical dilemmas. her organization should appoint zahra as the
As Zahra, the human resources manager already has a significant experience handling ethical issues in the workplace and over the years, she has received also extensive training in matters of workplace ethics. Because of this, her organization should appoint her as an ethics officer.
What is the role of ethics officer?In a workplace, the ethics officer refers to the officer who aligns the practices of a workplace with the stated ethics & beliefs of that workplace while as well, holding the people accountable to ethical standards. Most often, the ethics officer focuses on maintaining an ethics and compliance within a particular workplace.
Read more about ethics officer
brainly.com/question/24588861
#SPJ1
alt-labor community-based organizations seek to win gains for nonunion workers through education, protests, lobbying, lawsuits, and corporate campaigns.
The statement is True.
The required details about alt-labor is mentioned below.
The informal alliance of groups known as "alt-labor" is working to enhance workers' rights in the face of a decline in union membership.
The labor reform movement's strategy.
Alternative labor community-based organizations work to advance the interests of nonunion employees through advocacy, corporate campaigns, protests, and education.
For workers in the industrial sector, organized labor unions fought for better pay, more flexible scheduling, and safer working conditions. Initiatives to stop child labor, provide health benefits, and assist wounded or retired workers were led by the labor movement.
The labor movement aims to guarantee that workers are fairly compensated for their effort. Unions aim to improve working conditions and pay while also limiting the excessive executive salaries.
To learn more about nonunion workers, visit here
brainly.com/question/15325261
#SPJ4
1. hedging with currency options when would a u.s. firm consider purchasing a call option on canadian dollars for hedging? when would a u.s. firm consider purchasing a put option on canadian dollars for hedging? (1 point)
A U.S. firm would consider purchasing a call option on the Canadian dollars when it is expected that the Canadian dollars would appreciate.
What is a call option?A call option is a derivative option that gives the holder of the call option the right and not the obligation to buy an asset at a predetermined price known as the strike price. The call option would be exercised if the current price of the asset is higher than the strike price.
For example assume that the exchange rate of the CAD and the US dollar is 0.80 CAD to 1 dollar. Assume that it is expected that the CAD would appreciate in value inn the future. A US investor could decide to buy a call option with a strike price of 0.85 CAD to 1 dollar. Assume that at the time of the expiration of the call option, the exchange rate is 0.90 CAD to 1 dollar. The US firm would exercise the call option and exchange the currency at 0.85 CAD to 1 dollar.
To learn more about call options, please check: https://brainly.com/question/17284643
#SPJ1
if $12,000 is invested in an account that earns 3.95% compounded continuously, find the instantaneous rate of change of the amount in the account after 5 years.
The total amount from compound interest on an original principal of $12,000.00 at a rate of 3.95 % per year compounded continuously over 5 years exists $ 12,023.7234.
What is meant by Compound Interest?Compound interest can be thought of as the addition of the loan's interest to the deposit's principal amount.
The formula for Compound Interest Compounded continuously is given as A = P[tex]$$e^{rt[/tex]
A = Amount after t years
r = Interest rate = 3.95%
t = Time after t years = 5
P = Principal = Initial amount invested = $12,000
First, convert R percent to r a decimal
r = R/100
substitute the value of R in the above equation, we get
r = 3.95% / 100
r = 0.000395 per year
The formula for Compound Interest Compounded continuously be,
A = P[tex]$$e^{rt[/tex]
substitute the value in the above equation, we get
A = 12,000 × [tex]$e^{(0.000395 \times 5)[/tex]
A = $ 12,023.7234
The total amount from compound interest on an original principal of $12,000.00 at a rate of 3.95 % per year compounded continuously over 5 years is $ 12,023.7234.
To learn more about compound interest refer to:
https://brainly.com/question/28020457
#SPJ9
when commercial farming proposals have promised more jobs in zambia, why have there been job losses at the farm taken over by chayton capital?
The commercial farms have not offered assistance to the nearby subsistence farmers.
What is commercial farming?Commercial farming is done to cultivate crops and cattle in order to gain money. Crops can be sold directly to consumers and businesses or processed into products like juices, jellies, pickles, and other foods.
Commercial agricultural practices: the raising of animals and food for market, frequently utilizing current technology.
Thus, The commercial farms have not offered assistance to the nearby subsistence farmers.
For more information about commercial farms, click here:
https://brainly.com/question/17392167
#SPJ1
One of the benefits of spending sizable sums of money for social responsibility initiatives and good corporate citizenship over a multi-year period is?.
One of the benefits of spending sizable sums of money for social responsibility initiatives and good corporate citizenship over a multi-year period is is the positive impact such spending has on increasing the company's image rating.
What is the benefit of social responsibility?Social responsibility can be described as the term that explain that individuals as well as the companies should be able to carry out activities while putting the interest of their environment as well as the society as a whole in their heart.
It should be noted that the idea of the Social responsibility help to know more about the company because if a company do not put the society as well as the environment into consideration while carry out their daily business activities, this could have a bad influence on the image of the company as well as the way the public is viewing the company , this can also applies to the individuals in the society at large.
Read more about social responsibility at:
https://brainly.com/question/12951431
#SPJ1
the adult working-age population is 249.7 million, 67.8 million of whom are not in the labor force. what is the labor force participation rate? (round your answer to the nearest 10th)
The adult working-age population is 249.7 million, 67.8 million of whom are not in the labor force, the labor force participation rate is 27.1525831%
Given
Total population = 249.7 million
Labour force = 67.8 million
Let
Labour Force Participation Rate = Labour force / Total population
= 67.8 / 249.7
= 0.271525831
Labour Force Participation Rate (%) = 0.271525831 × 100
= 27.1525831 %
A measure of how many people are actively employed in an economy is the labor force participation rate. The calculation is the proportion of the working-age population who are either employed or actively looking for work and who are not in institutions.The percentage of persons who are working or actively looking for employment across the whole population is known as the labor force participation rate.It can provide some perspective on the status of the economy when paired with the unemployment rate data.Learn more about Labour Force Participation Rate, here
https://brainly.com/question/28731186
#SPJ4
a furniture factory's employees work overtime to finish an order that is sold on december 31. the office sends a statement to the customer in early january and payment is received by mid-february. the overtime wages should be expensed in
Despite the fact that, according to accounting standards and regulations, the income for such an order arrives in January. The overtime wages should be expensed in the month of December
Overtime wages is the sum due to the employee for the additional time spent on extra or unfinished job.
According to the Factories Act's stipulations, overtime wages is double the regular rate of pay. There is an agreement between the employer and employee, thus the provisions of the Factories Act do not apply. For the overtime engagement, a higher salary rate is often compensated. All overtime labor must have the appropriate authorization. To oversee the employees' extra labor, a trustworthy person is chosen or assigned.Before making a payment, the relevant authority must first authorize a separate calculation of the overtime compensation. Each employee has an equal opportunity to complete the overtime labor.Learn more about Overtime wages, here
https://brainly.com/question/17043970
#SPJ4
jay and joyce meet george, the banker, to work out the details of a mortgage. they all expect that inflation will be 2 percent over the term of the loan, and they agree on a nominal interest rate of 6 percent. as it turns out, the inflation rate is 5 percent over the term of the loan. a. what was the expected real interest rate? b. what was the actual real interest rate? c. who benefited and who lost because of the unexpected inflation?
Jay and joyce meet george, the banker, to work out the details of a mortgage the loan, and they agree on a nominal interest rate of 6% . as it turns out, the inflation rate is 5 percent over the term of the loan
The lending of money by one or more people, businesses, or other entities to other people, businesses, or other entities is known as lending in the world of finance. The recipient, or borrower, incurs a debt and is often responsible for paying interest on that loan until it is returned in addition to the primary amount borrowed. In the field of economics, inflation refers to a general rise in an economy's prices for products and services.
a) Expected real interest rate is 6-2=4 percent
b)actual real actual=6-5=1%
c)Jay and Joyce benefit because higher inflation means that their money is worth more.
The promissory note or equivalent document used to prove the debt will typically include information such as the principle amount borrowed, the interest rate being charged by the lender, and the due date. The relevant asset(s) will be temporarily reallocated between the lender and the borrower as part of a loan.
Learn more about Loan here:
https://brainly.com/question/7299838
#SPJ4
scholars found that spirituality affects employee and organizational performance in what way? negatively. positively. has no affect. only affects not-for-profit organizations
Scholars found that spirituality affects employee and organizational performance in positively way.
Spirituality is a method that allows a person to connect with himself and to feel peaceful. When a person has achieved his peace, he will have a positive approach toward life and can perform better at work.
Spirituality causes employees to have a positive mind. Such a positive mind helps to improve the performance of employees and the organization on the whole.
Conducting research has proved to scholars that spirituality can better enhance employees and an organization on the whole.
To learn more about organizational performance, click here:
https://brainly.com/question/13404941
#SPJ4
Martinez co. Borrowed $50,000 on march 1 of the current year by signing a 60-day, 9%, interest-bearing note. Assuming a 360-day year, when the note is paid on april 30, the entry to record the payment should include a?.
The entry to record the payment should include debit to Interest Expense for $750.
What is an interest-bearing note?
A lender will lend money to a borrower on an interest-bearing note, and interest will be charged in accordance with the terms of the agreement. There are numerous uses for these notes. For instance, an account receivable may be changed into a note, under which a client is now regarded as a borrower and is responsible for making interest payments on what was once an account receivable. Another option is to get a mortgage, which requires a homeowner to commit to a protracted series of payments that, based on the terms, may contain both interest and principal payback components. A long-term loan to a business that is utilized to meet its funding needs over a number of years is a third example of an interest-bearing note.
to learn about interest-bearing note from the link.
https://brainly.com/question/28138821
#SPJ9
at many airports, a person can pay only $1 for a $100,000 life insurance policy covering the duration of the flight. in other words, the insurance company pays $100,000 if the insured person dies from a possible flight crash; otherwise the company gains $1. suppose that past records indicate 0.45 deaths per million passengers. how much can the company expect to gain on one policy? on 100,000 policies?
Expected money gets by the company = premium received -expected payout
=100000-0.45*(100000/1000000) *100000 = 95500
Expected Monetary Value (EMV) is a venture control metric utilized in hazard evaluation for figuring out the general contingency reserve required for a venture plan. When you are making a plan, it may cross higher or worse than you expected.
The EMV PMP examination method in its best shape is a three-step process: Determine the probability (P) a final result will occur. Determine the economic fee or impact (I) of the final results. Multiply P x I to calculate the EMV.
Lear more about Expected money here:
https://brainly.com/question/24855677
#SPJ1
Which of the following describes a public
accountant?
A. Natalie prepares and files taxes for
individuals.
B. Darlene is an auditor for an
international manufacturing
company.
C. Chris is a fraud investigator for the
Government Accountability Office.
D. Jorge is a senior accountant at a
nonprofit organization.
Answer:
A. Natalie prepares and files taxes for individuals
Explanation:
Just took the test, hope this helps
the benefits of data warehouses a. provide a centralized view of all data being collected across the enterprise and provides a means for determining data that is inconsistent. b. generate one version of the truth. c. snapshots of data can be taken over time
The benefits of data warehouses a. provide a centralized view of all data being collected across the enterprise and provides a means for determining data that is inconsistent.
What is the benefit that can be associated to a data warehouse?A data warehouse can be described as the system that is been designed to help to serves as the centralized view of all data that is been used in an organization, however this could be the data that is been collected as well as the data that is been sent out or stored i n that database of the organization.
It should be noted that the data ware house help in the storage as well as the retrieval of data in the organization, however with the data ware house of the organization, the data are tends to be safe and allow thae data to be gotten at anytime it is wanted.
Therefore, option A is correct.
Read more about data warehouse at:
https://brainly.com/question/25885448
#SPJ1
a company purchases merchandise with a catalog price of $29,000. the company receives a 35% trade discount from the seller. the seller also offers credit terms of 2/10, n/30. assuming no returns were made and that payment was made within the discount period, what is the net cost of the merchandise?
The net cost of the merchandise is $15080
Catalog price of the merchandise = $29,000.
Trade discount = 35%
Credit terms offer = 2/10, n/30
Thus,
The amount of trade discount = 35% of 29,000.
= 0.35 × 29,000
= 10150
Therefore,
Purchase cost of the product = $29,000 - $10150
= $18850
The amount of credit discount = 2% of $18850
= 0.02 × $18850
= $3770
therefore,
the net cost of the merchandise = $18850 - $3770
= $15080
The terms "net cost" and "net price" can be used interchangeably. After all reductions and rebates have been applied, the customer's final payment is known as the net cost. Taxes and other supplemental expenses are not included. The net price, on the other hand, is the total cost the consumer pays and includes all additional fees.
Learn more about net cost here:
https://brainly.com/question/15088938
#SPJ4
senior management analyzes how moving assembly operations from mississippi to wisconsin may impact the risk related to reporting responsibilities, given the differences in state laws. this follows which coso principle?
The COSO Principle followed is - The company identifies risks to the achievement of its objectives across the entity and analyzes risk as a basis for determining how the risks should be managed.
A system for strengthening internal controls that are incorporated into company processes is the COSO Principles. When taken as a whole, these controls offer a reasonable level of assurance that the company is operating its business ethically, openly, and in accordance with accepted industry norms.
Making the switch to the upgraded framework could take some time, depending on the facts and situations of a company, it's therefore a good idea to start the procedure as soon as feasible. Businesses should begin by being familiar with the COSO principles recommendations. Then, businesses can assess the condition of their internal surveillance system and create a strategy for improving any areas that must be strengthened.
Learn more about COSO principles here:
https://brainly.com/question/14290783
#SPJ4
the company determines that the interest expense on a note payable for the period ending december 31 is $750. this amount is payable on january 1. journalize the entries required on december 31 and january 1. study
The face amounts of the promissory notes that a corporation has issued are recorded in the Notes Payable general ledger liability account. The sums that are still owed are represented by the balance in Notes Payable.
The journal entry to represent the receipt of the note proceeds is quite simple: raise the checking account to reflect the deposit and raise the Notes Payable long-term liabilities account.
$700 in a checking account $750 in Notes Payable
What sort of notes are considered payable?
Examples of notes payable include getting a loan from a bank, buying a house, and getting a business automobile. Depending on when the loan is due, notes payable may be referred to as either a short-term obligation (lt;1 year) or a long-term liability (lt;1+ year).
To learn more about Notes Payable from the given link.
https://brainly.com/question/25148915
#SPJ9
because researchers receive faster replies to surveys, the completion time for a project is shortened. as a result, a company using mobile research experiences
If because researchers receive faster replies to surveys, the completion time for a project is shortened. as a result, a company using mobile research experiences cost savings.
What is research?Research can be defined as the process of collecting or obtaining data or information from a group of population so as to draw or reach a conclusion after analyzing and evaluating the data collected.
On the other hand cost saving can be defined as the way of reducing expenses by saving cost.
Based on the scenario making use of mobile research will help the researcher to save cost because the research do often receive fast or quick responses from people when carrying out survey which implies that the completion time for the survey is short thereby reducing the cost the researcher could have incur if were not making use of mobile research method.
Therefore the mobile research will help save cost.
Learn more about research here: https://brainly.com/question/25257437
#SPJ1
Suppose there is currently a tax of $50 per ticket on airline tickets. Sellers of airline tickets are required to pay the tax to the government. If the tax is reduced from $50 per ticket to $30 per ticket, then the.
The tax is reduced from $50 per ticket to $30 per ticket, then d) the supply curve will shift downward by $20.
The Price paid by buyers will decrease by less than $ 20
Since the tax has reduced by $ 20 so supply will increase because more output can be produced so supply shifts downward
What is Tax ?
The tax is a mandatory fee or monetary charge levied through any authorities on an character or an agency to acquire revenue for public works offering the exceptional centers and infrastructure. The amassed fund is then used to fund exceptional public expenditure packages.
an amount of money that a government requires people to pay according to their income, the value of their property, etc., and that is used to pay for the things done by the government.
Learn more about Tax https://brainly.com/question/23347326
#SPJ4
What type of investments are volatile and can fluctuate in the market. they can gain value when interest rate is high and lose value when interest is low ?
inventory is a type of investments are volatile and can fluctuate in the market. they can gain value when interest rate is high and lose value when interest is low
All the commodities, goods, merchandise, and materials that a company keeps on hand in the hopes of reselling them for a profit, including stocks and bonds, are referred to as inventory. The uncertainty is one of the main factors contributing to the volatility of stock investing. Simply put, this indicates that individuals are unsure of what to anticipate from the market. Investors may experience market uncertainty due to a number of factors, such as interest rates and inflation rates.
To learn more about investments. Click, https://brainly.com/question/17252319
#SPJ4
What is viability factors researches the demand for products or services?
Answer:
Viability is a mass noun that refers to something's capacity or potential for success. It may be a demand, an idea, a project, or even a plan to change how a business runs. Establishing viability is the goal of a viability evaluation. Product viability is the capacity of a software product to maintain itself or reach its potential.
Explanation:
The term "market viability" describes the commercial potential of a certain market. You may decide whether starting a business in a specific market makes financial sense with the use of a market viability analysis.
Industry size: Is there adequate room on the market for new vendors? Exists room for improvement?
Target market: Do potential customers have more money to spend? Can they afford to purchase your offering?
Competition: Who are the major retailers in this industry, in terms of competition? What are their advantages and disadvantages? How are you going to rival them?
Your objective is to eliminate any markets that are too small, too competitive, or comprised of clients who are unable or unable to pay your prices.
when selecting a proxy variable to represent market data that is not readily available, researchers should select a data series that is highly with the variable of interest.
Researchers should choose a data series that is correlated with the variable of interest when choosing a proxy variable to reflect market data that is not easily accessible.
We are seeking for anything that is appropriate or difficult to measure using the correlated variable but is simple to measure elsewhere. We should ideally employ statistical methods if both variables are observable to assess the association. Most of the time, we are unable to afford this luxury; as a result, we employ a proxy.
On certain topics, like wealth in the US, we occasionally correlated lack knowledge. In some areas of the United States, residential dwelling values that can be used to estimate their values in real time, for instance on Zillow.com, could be an asset representative. It may be better than nothing even though the links are not flawless.
Learn more about correlated here
https://brainly.com/question/6563788
#SPJ4
steele estimates that 10,000 direct labor-hours and 16,000 machine-hours will be worked during the year. the predetermined overhead rate per hour will be
Predetermined overhead rate per hour will be $4.25 per hour, if Steele estimates that 10,000 direct labor-hours and 16,000 machine-hours will be worked during the year.
What is Predetermined overhead rate?The estimated cost of manufacturing overhead is applied to cost objects for a particular reporting period using an allocation rate called a predetermined overhead rate. Since this rate does not require the compilation of actual manufacturing overhead costs as part of the period-end closing process, it is frequently used to help close the books more quickly. But at the very least at the conclusion of each fiscal year, the discrepancy between the amounts of overhead that were estimated and actual must be reconciled.
Predetermined Overhead rate = estimated Manufacturing overhead / estimated Machine hours
Predetermined Overhead rate = $68,000 / 16,000 =$4.25 per hour
Machine-hours 16,000
Manufacturing Overhead
Salary of production supervisor $40,000
Indirect material $8,000
Rent on factory equipment $20,000
Total Manufacturing overhead $68,000
Learn more about predetermined overhead rate
https://brainly.com/question/26372929
#SPJ9
Full question:
Steele Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. Steele Corporation has provided the following estimated costs for next year: Direct materials $ 20,000 Direct labor $ 60,000 Sales commissions $ 80,000 Salary of production supervisor $ 40,000 Indirect materials $ 8,000 Advertising expense $ 16,000 Rent on factory equipment $ 20,000 Steele estimates that 10,000 direct labor-hours and 16,000 machine-hours will be worked during the year. The predetermined overhead rate per hour will be ____________. A) $10.25B)$4.25C) $9.00D)$8.00
Mrs. Fitzpatrick wants to be the first teacher to travel from planet to planet in our solar system (she cray!). After she visits each planet, she plans to then try and land on an asteroid and then follow a comet that orbits our solar system. What unit of measure would Mrs. Fitzpatrick use to describe the distances she has traveled within the solar system?
The unit of measure which Mrs. Fitzpatrick would use to describe the distances she has traveled within the solar system is the Astronomical Units.
The Astronomical Unit is known to be the distance from the Earth to the Sun. So initially it thus varies dependent upon where the Earth has been but now it is said that they just use the average distance between the Sun and the Earth.
This Astronomical unit is used as the many distance calculations rely on thge parallax measurements. Thus, the distances to stars which are relatively close to the solar system are measured by observing changes in the position in sky.
Hence, such dimensions are quite simple to work out in Astronomical Unit.
To learn more about Astronomical Unit here:
https://brainly.com/question/8590563
#SPJ1
Question 4
Not-for-profit organizations are?
Not-for-profit is a broad term for organizations that do not generate profit for their owners. All money generated by the not-for-profit business must be reinvested back into running it. Unlike nonprofits, not-for-profits are not required to operate specifically for the benefit of the public or the advancement of a social cause. A not-for-profit can simply operate to serve the goals or special interests of its members. For example, recreational sports clubs can operate as a not-for-profit.
Comparing and contrasting sets of data in order to rank them and make a decision best defines _____. a. personal information b. evaluation c. career information d. personal career profile please select the best answer from the choices provided a b c d
Comparing and contrasting sets of data in order to rank them and make a decision best defines b. evaluation.
We can define evaluation as checking of a data or documents to see if everything in it is written correctly. The evaluation also refers to comparing multiple data or documents in order to source out the best amongst them.
Evaluation is not only used in business but in everyday life to sort out the best thing for users.
By evaluation, a business tends to rely on the best data that can help it to approach its goal. Every aspect of a business needs to be properly evaluated for the proper outgrowth of a business.
To learn more about evaluation, click here:
https://brainly.com/question/1159837
#SPJ4
Discuss whether or not consu,er benefit more from a market economic system or mixed economic system
Answer:
It just depends on which characteristics the mixed economy emphasizes. For example, if the market has too much freedom, it can leave the less competitive members of society without any government support. Central planning of government industries also creates problems.
evan is not concerned about immediate tax benefits but instead wants his investment to grow in value on a tax-free basis. which of these would be the best for him to invest in today?
The investment which would be the best for him to invest in today is: E) A Roth IRA.
What is a Roth IRA?A Roth IRA can be defined as an individual retirement account that avail the holders tax-free growths and tax-free withdrawals based on the satisfaction of certain conditions.
What is 401(k)?A 401(k) can be defined as a type of savings plan that is sponsored by a business firm (employer), so as to avail its employees an opportunity to contribute a certain amount of money into on a regular basis.
In this context, we can reasonably infer and logically deduce that Roth IRA is the type of investment which would be the best for Evans to invest in today because it is devoid of immediate tax benefits but grows in monetary value on a tax-free basis.
Read more on Roth IRA here: https://brainly.com/question/28159459
#SPJ1
Complete Question:
Evan is not concerned about immediate tax benefits but instead wants his investment to grow in value on a tax-free basis. Which of these would be the best for him to invest in today?
A) Municipal bonds
B) A tax-deferred annuity
C) A Section 529 savings plan
D) A 401(k) plan
E) A Roth IRA