Which of the Following Can You Use to Fund a Roth

question 92

Multiple Choice

Which of the following can you use to fund a Roth IRA?

• A) Writing a check and mailing it to the financial institution.
• B) Initiating an electronic payment to the investment company from your financial institution (i.e., bill pay, wire transfer, etc.).
• C) Authorizing the investment company to pull the money out of your bank account.
• D) All of these answer choices are correct.

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Definitions:

Days' Sales

A financial metric that calculates the average time it takes for a company to convert its inventory into sales.

Inventory

The total amount of goods, raw materials, and finished products that a business has on hand at any given time.

Overstated Inventory

A situation where the book value of inventory is recorded higher than its actual physical count or market value, potentially misleading financial statements.

Owner's Equity

The residual interest in the assets of a business after all liabilities are deducted, often considered the net worth of a business.