Paul and mary smith own a small candy shop. both paul and mary have established traditional ira's, contribute to them annually to provide for their retirement and have designated each other as beneficiary to their accounts. paul and mary have two grown children. if either paul or mary should die, what would happen to their ira?
(a) the surviving spouse would receive the distribution as ordinary income in the year their spouse died.
(b) the surviving spouse would become the owner of the ira and have the title to the account changed to the surviving spouses name.
(c) the ira would become part of the deceased persons estate and assets would be distributed according to the will of the deceased person.
(d) the assets of the ira would be split equally and taken as ordinary income between the surviving spouse and the two children.

Gyou plan to deposit $1,700 per year for 5 years into a money market account with an annual return of 2%. you plan to make your first deposit one year from today. what amount will be in your account at the end of 5 years? round your answer to the nearest cent. do not round intermediate calculations. $ assume that your deposits will begin today. what amount will be in your account after 5 years? round your answer to the nearest cent. do not round intermediate calculations.

Responsible for setting the goals and planning for the future as well as leading and controlling the work of others. out the decisions of top management. often responsible for various departments such as the production, marketing, and accounting departments. process or function of planning organizing leading and controlling. the resources arranged in an orderly and functional way to accomplish goals and objectives. the company on track and making sure goals are met. for the daily operations of a business. examples of this are supervisors, office managers, and crew leaders. act or process of creating goals and objectives as well as the strategies to meet them. for the daily operations of a business. examples of this are supervisors, office managers, and crew leaders. how the firm is structured and who is in charge of whom. direction and vision

Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?