Recording Whiteboard Flag for Frederic recently sold his units in a US dollar (USD) denominated mutual fund. He wants to convert the proceeds back to Canadian dollars (CAD). If he received proceeds of $1,200 USD from the sale and the exchange rate is $1 CAD for $0.99 USD, how much will Frederic receive in Canadian dollars? O $1,188.00 O $1,200.00 O $1,212.12 O $1,320.00 Recording Chat Whiteboard 496-840-616 39 of Flag for Rev 18 months ago, Thanh became employed by 2-Easy-Taxes Services. Due to her employment, she became a member of her employer's Deferred Profit Sharing Plan (DPSP). Subsequently, she received a contribution of $2,000 to her plan after one year of working there. The DPSP includes a 2-year vesting period provision. However last week, Thanh decided to quit her job with 2-Easy-Taxes Services. With respect to her membership with the DPSP, what outcome can Thanh expect? O Thanh can expect to receive a pension adjustment reversal (PAR). O O Her savings plan will need to be converted to an individual non-registered plan. She will have to withdraw her savings, causing a pension adjustment (PA). She will have to forfeit her savings, and this will cause her to receive a PA
Recording Whiteboard Flag for Frederic recently sold his units in a US dollar (USD) denominated mutual fund. He wants to convert the proceeds back to Canadian dollars (CAD). If he received proceeds of $1,200 USD from the sale and the exchange rate is $1 CAD for $0.99 USD, how much will Frederic receive in Canadian dollars? O $1,188.00 O $1,200.00 O $1,212.12 O $1,320.00 Recording Chat Whiteboard 496-840-616 39 of Flag for Rev 18 months ago, Thanh became employed by 2-Easy-Taxes Services. Due to her employment, she became a member of her employer's Deferred Profit Sharing Plan (DPSP). Subsequently, she received a contribution of $2,000 to her plan after one year of working there. The DPSP includes a 2-year vesting period provision. However last week, Thanh decided to quit her job with 2-Easy-Taxes Services. With respect to her membership with the DPSP, what outcome can Thanh expect? O Thanh can expect to receive a pension adjustment reversal (PAR). O O Her savings plan will need to be converted to an individual non-registered plan. She will have to withdraw her savings, causing a pension adjustment (PA). She will have to forfeit her savings, and this will cause her to receive a PA
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Recording
Whiteboard
Flag for
Frederic recently sold his units in a US dollar (USD) denominated mutual fund. He wants to convert the proceeds back to Canadian
dollars (CAD). If he received proceeds of $1,200 USD from the sale and the exchange rate is $1 CAD for $0.99 USD, how much will
Frederic receive in Canadian dollars?
O $1,188.00
O $1,200.00
O $1,212.12
O $1,320.00
Transcribed Image Text:Recording
Chat
Whiteboard
496-840-616
39 of
Flag for Rev
18 months ago, Thanh became employed by 2-Easy-Taxes Services. Due to her employment, she became a member of her employer's
Deferred Profit Sharing Plan (DPSP). Subsequently, she received a contribution of $2,000 to her plan after one year of working there.
The DPSP includes a 2-year vesting period provision. However last week, Thanh decided to quit her job with 2-Easy-Taxes Services.
With respect to her membership with the DPSP, what outcome can Thanh expect?
O Thanh can expect to receive a pension adjustment reversal (PAR).
O
O
Her savings plan will need to be converted to an individual non-registered plan.
She will have to withdraw her savings, causing a pension adjustment (PA).
She will have to forfeit her savings, and this will cause her to receive a PA
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