Required information. [The following information applies to the questions displayed below.) John is trying to decide whether to contribute to a Roth IRA or a traditional IRA. He plans on making a $5,000 contribution to whichever plan he decides to fund. He currently pays tax at a 32 percent marginal income tax rate, but he believes that his marginal tax rate in the future will be 28 percent. He intends to leave the money in the Roth IRA or traditional IRA for 30 years, and he expects to earn a 6 percent before-tax rate of return on the account. (Use Table 1) Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.

State the meaning of Income and Expenditure Account.

Required information Skip to question [The following information applies to the questions displayed below.] The following is financial information describing the six operating segments that make up Chucktown Sauce Company (in thousands): Segments Red $ 1,817 22 Sales to outside parties Intersegment revenues Salary expense Rent expense Interest expense (92) Income tax expense (savings) 147 Consider the following questions independently. None of the six segments have a primarily financial nature. c. What volume of revenues must a single customer generate to necessitate disclosing the existence of a major customer? Note: Enter your answer in dollars but not in thousands. 620 145 Blue Green Pink Black White $ 818 $520 $315 $127 $ 105 97 115 0 308 71 385 408 318 172 87 65 93 88 67 22 55 323 98 48 37 68 20 11 (70) 0

Distinguish between Income and Expenditure Account and Receiptand Payment Account.