Lorna, 32 and single, is a full-time student who works as a tennis instructor earning $1,500 per month. After taking a personal finance class, she decides to open and make contributions to a Roth IRA. In 2018, she contributed $4,000 to her Roth IRA. Which of the following best describes Lorna's situation? a) Lorna is eligible to receive a refundable retirement savings credit of $1,000 since she contributed more than $2,000 to her Roth IRA and has an annual income of $18,000.
b) Lorna is eligible to receive a nonrefundable retirement savings credit of $1,000 since she contributed more than $2,000 to her Roth IRA and has an annual income of $18,000.
c) Lorna is not eligible to receive the retirement savings credit because she is a full-time student.
d) Lorna is eligible to receive a retirement savings contribution credit of $4,000 for contributing to her Roth IRA.

Exercise 4-6 the following balances were taken from the books of alonzo corp. on december 31, 2017. interest revenue $86,000 accumulated depreciation—equipment $40,000 cash 51,000 accumulated depreciation—buildings 28,000 sales revenue 1,380,000 notes receivable 155,000 accounts receivable 150,000 selling expenses 194,000 prepaid insurance 20,000 accounts payable 170,000 sales returns and allowances 150,000 bonds payable 100,000 allowance for doubtful accounts 7,000 administrative and general expenses 97,000 sales discounts 45,000 accrued liabilities 32,000 land 100,000 interest expense 60,000 equipment 200,000 notes payable 100,000 buildings 140,000 loss from earthquake damage 150,000 cost of goods sold 621,000 common stock 500,000 retained earnings 21,000 assume the total effective tax rate on all items is 34%. prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year. (round earnings per share to 2 decimal places, e. g. 1.48.)

Which of the following best describes why you need to establish goals for your program?

The uptowner just paid an annual dividend of $4.12. the company has a policy of increasing the dividend by 2.5 percent annually. you would like to purchase shares of stock in this firm but realize that you will not have the funds to do so for another four years. if you require a rate of return of 16.7 percent, how much will you be willing to pay per share when you can afford to make this investment?