Beneficiary for her profit sharing plan

Assignment Help Financial Management
Reference no: EM131523928

Robin began taking required minimum distributions from her profit sharing plan in several years ago. Last year, Robin died after suffering a heart attack. She did not have a named beneficiary for her profit sharing plan. Which of the following statements is false?

a) Robin's estate may take a full distribution of the profit sharing plan's assets in the year of her death.

b) In the year of Robin's death the minimum required distribution will be equal to the minimum required distribution had Robin not died.

c) Robin's estate must take a distribution of the profit sharing plan account balance by the end of the fifth year after Robin's death.

d) The required minimum distribution for years subsequent to Robin's death will be calculated utilizing the factor according to Robin's age reduced by one in each succeeding year.

Reference no: EM131523928

Questions Cloud

Changing original investment to dollar gain or loss : changing "original investment" to "dollar gain or loss"
What must be the face value of two zeros to fund the plan : What must be the face value of the two zeros to fund the plan?
Calculate the one year total rate of return for three bonds : Calculate the one year total rate of return for the three bonds.
Calculate the annual return and expected return : What is the expected return of the 20-year bond. Calculate the annual return for the 30-year maturity bond over the next five years.
Beneficiary for her profit sharing plan : Robin died after suffering a heart attack. She did not have a named beneficiary for her profit sharing plan.
Trade-off between the higher interest rates : What does it mean when there is a trade-off between the higher interest rates in Thailand
Determine the most economical equipment life : Determine the most economical equipment life to minimize the EUAC (Equivalent Uniform Annual Cost).
Find the hedge ratio for put option : Find the hedge ratio for a put option
Outstanding professional reputation to perform the operation : Margo would like a different surgeon with an outstanding professional reputation to perform the operation.

Reviews

Write a Review

Financial Management Questions & Answers

  Average return for the investment

The risk premium is computed by ______ the average return for the investment.

  What effective interest rate will mike get if he keeps bond

Mike buys a corporate bond with a face value of $1000 for $900. The bond matures in 10 years and pays a coupon interest rate of 6%. Interest is paid every quarter. What effective interest rate will Mike get if he keeps the bond only for 5 years and s..

  How does the equity method distort earnings

How does the equity method distort earnings? Income is recognized even though cash may never be received. Equity earnings are recorded even if the investor cannot exercise influence over the investee’s policies. Equity earnings are only recorded on a..

  Which leverage ratio is better

Eccles Company has beta 1.7, debt/assets ratio 20%, and tax rate 34%. The cost of debt for Eccles is 9%, and of equity 15%. The riskless rate is 4%. Find the WACC of Eccles. If its debt/assets ratio is increased to 25% while its cost of debt remains ..

  A local company sells many varieties of shoes

A local company sells many varieties of shoes. For one particular line, the company buys the shoes for $15.00 and sells them for $30.00. If shoes are out of stock, the goodwill cost is estimated to be $5.00 per pair, and the sale is lost. Find the op..

  What is the current price of the bond

Even though most corporate bonds in the United States make coupon payments semiannually, What is the current price of the bond?

  Bond valuation with annual payments

Bond Valuation with Annual Payments Jackson Corporation's bonds have 5 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 7.5%. The bonds have a yield to maturity of 6%. What is ..

  Calculate firm required rates of return

Calculate a firm's required rates of return for both of its equity components: Its common stock sells for $50 per share and will pay a $6 dividend next year which is expected to grow at a constant 5% rate. Its preferred stock sells for $22.50 per sha..

  What is the real rate of return for large-cap stock

What is the real rate of return for large -cap stock?

  Determining monetary advantage of one investment opportunity

There are several accepted methods of determining the monetary advantage of one investment opportunity over another: The payback method; zero discount rate; net present value; internal rate of return; modified internal rate of return; etc. Discuss on..

  Calculate amount of your monthly payment

Calculate the amount of your monthly payment. Round to the nearest dollar.

  What is the value of its equity and assets

What is the value of its assets? What is the value of its equity?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd