A key advantage of teams and groups is that under the right circumstances they enhance productivity

Kapow, Inc provides the following

Kapow, Inc Comparative Balance Sheet December 31, 2017 and 2016 2017 2016 Assets Total Current Assets $200,000 $100,000 Property, Plant, and Equipment, Net 550,000 500,000 Other Assets 50,000 50,000 Total Assets $800,000 $650,000 Liabilities Total Current Liabilities $150,000 $100,000 Long-term Liabilities 350,000 250,000 Total Liabilities 500,000 350,000 Stockholders' Equity Total Stockholders' Equity 300,000 300,000 Total Liabilities and Stockholders' Equity $800,000 $650,000 Perform a vertical analysis of Kapow's balance sheet for each year. (Round to one decimal place.) What will be an ideal response

Rodney, age 35, earned $40,000 last year and did not participate in an employer retirement plan. Rodney has a nonworking spouse, with whom he filed a joint income tax return. Which of the following statements is TRUE?

A) Rodney could establish an IRA for himself and contribute any amount he wishes to it. B) Rodney could establish separate IRAs for himself and his spouse and could deduct a contribution of $10,000 to his IRA and $5,000 to his spouse's IRA. C) Rodney could establish an IRA for himself but not for his spouse because she is unemployed. However, because he is married, he could contribute and deduct up to twice the maximum for an individual IRA, or $10,000. D) Rodney could establish a separate IRA for himself and another for his spouse and could deduct a contribution of up to the current annual maximum, which is adjusted annually for cost of living.