Answer:
For Retirement Keep in Mind the:
Remember to SaveKnow what requirements or needs you need to meet for retirementSort out your money for car, rent, home, insuranceMake sure to have a retirement planLook into your pension if you have or you don't haveOld Age :
Budgeting your Money through Retirement money ( Specifically Set Aside For Retirement)You can make sure and check that you have medicare or some sort of health insurance/ if you need you can decide when you are ready to use social security or other objects of payments.Make sure to use smart spending; Groceries, Fundamental Needs, Health, and True pleasure or enjoyment.Look into your stock and see what you can change or what you think you should do with them, Keep around 30% of your stock that is the portfolio.Should invest in Real Estate if you have enoughExplanation:
These are all important because they are all ways that people can keep their life organized way while thinking of future or present finance, Keeping all of their stocks and savings limited or well distributed, and things that they could possibly buy like medicare to help them be more prepared.
Why do you think brand advocates willingly promote companies via social media
Answer:
They help create brand awareness and spread a positive image of their brand in their community. They have a greater reach and get more feedback. Hope this helped!
Approximately how many forms does the IRS currently have?
O 8
O 80
O 800
O 8000
Option (c) 800 is correct.
Approximately the IRS currently have 800 forms.
What is IRS?The Internal Revenue Service is the revenue service for the federal government of the United States and is in charge of collecting federal taxes as well as overseeing the Internal Revenue Code, which is the main section of federal statutory tax legislation.IRS Notice 2014-21 outlines the tax implications of transactions involving convertible virtual currencies for both individuals and companies. Virtual currency is regarded as property for federal tax purposes. Transactions using virtual currency are subject to the general tax principles that apply to real estate transactions.Learn more about IRS here:
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Year 1 Dec. 16 Accepted a $10,900, 60-day, 7% note in granting Danny Todd a time extension on his past-due account receivable. 31 Made an adjusting entry to record the accrued interest on the Todd note. Year 2 Feb. 14 Received Todd’s payment of principal and interest on the note dated December 16. Mar. 2 Accepted a(n) $6,600, 7%, 90-day note in granting a time extension on the past-due account receivable from Midnight Co. 17 Accepted a(n) $3,200, 30-day, 7% note in granting Ava Privet a time extension on her past-due account receivable. Apr. 16 Privet dishonored her note. May 31 Midnight Co. dishonored its note. Aug. 7 Accepted a(n) $7,350, 90-day, 10% note in granting a time extension on the past-due account receivable of Mulan Co. Sep. 3 Accepted a(n) $2,470, 60-day, 11% note in granting Noah Carson a time extension on his past-due account receivable. Nov. 2 Received payment of principal plus interest from Carson for the September 3 note. Nov. 5 Received payment of principal plus interest from Mulan for the August 7 note. Dec. 1 Wrote off the Privet account against the Allowance for Doubtful Accounts. Required: 1-a. First, complete the table below to calculate the interest amount at December 31, Year 1. 1-b. Use the calculated value to prepare your journal entries for Year 1 transactions. 1-c. First, complete the table below to calculate the interest amounts. 1-d. Use those calculated values to prepare your journal entries for Year 2 transactions. 2. If Ohlm pledged its receivables as security for a loan from the bank, where on the financial statements does it disclose this pledge of receivables?
1- a. Completing the table below in order to calculate the interest amount on December 31, Year 1 is $36.
1-b. Using the calculated value in order to prepare the journal entries for Year 1 transactions is as follows.
Journal Entries:
To accrue interest revenue - December 31, Year 1.
1-c. Completing the table to calculate interest amount on December 31, Year 2 is $600.
1-d. By using the calculated values in order to prepare journal entries for Year 2 transactions is as follows.
Journal Entries:
Year 2
February 14
Debit Interest Receivable = $106
Credit Interest Revenue= $106 ($10,800 × 8% × 45 / 365)
Debit Cash = $10,942
Credit Interest Revenue = $142
Credit Note Receivable (Danny Todd) = $10,800
Thus, in order to record the receipt of Todd's payment of principal and interest on the note dated December 16.
March 2
Debit Note Receivable = $6,600
Credit Accounts Receivable = $6,600
To record the acceptance of an 7%, 90-day note, by granting a time extension on the past-due account receivable from Midnight
Company.
March 17 Debit Note Receivable (Ava Privet) = $3,200
Credit Accounts Receivable (Ava Privet) $3,200
To record the acceptance of a 30-day, 7% note, granting Ava Privet a time extension on her past-due account receivable.
April 16 - Debit Accounts Receivable (Ava Privet) = $3,200
Credit Note Receivable (Ava Privet) $3,200
Credit Interest Revenue $14
To record that Privet dishonored its note.
May 31 - Debit Accounts Receivable (Midnight Company) = $6,600
Credit Note Receivable (Midnight Company) = $6,100
Credit Interest Revenue = $120
By recording that the Midnight Company dishonored its note.
August 7 Debit Note Receivable (Mulan Company) = $7,350
Credit Accounts Receivable (Mulan Company) = $7,440
To record that the acceptance of a 90-day, 10% note, granting a time extension on past-due account receivable of Mulan Company.
September 3 - Debit Note Receivable (Noah Carson) = $2,470
Credit Accounts Receivable (Noah Carson) = $2,470
To record the acceptance of a 60-day, 10% note, granting Noah Carson a time extension on his past-due account receivable.
November 2 Debit Cash $2,135
Credit Note Receivable (Noah Carson) $2,100
Credit Interest Revenue = $35 ($2,100 × 10% × 60 / 365)
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If you keep your business scope small, you can focus your energy on doing one particular thing better than anyone else does it, so your quality is high.
A.) True
B.) False
Mark and Dorothy are wondering what their cost of living will be the first year that they retire, based on a current living cost of $120,000 per year. Assume an inflation rate of 4% annually. How much will their annual living cost be 10 years from now?
$124,800.00
$240,000.00
$177,629.31
$1,440,732.85
The estimated amount of their annual living cost in 10 years from now will be $177,629.31.
What is a Future value computation?In business math, a future value means the value of a current asset at a future date based on an assumed rate of growth or inflation. This tool is very important to financial planners because it is used estimate how much an investment made today will be worth in the future.
Given that:
Current value = $120,000
Inflation rate = 4%
Years = 10
Estimated annual living cost in 10 years=
= P (1+i%)^n
= 120,000*(1.04)^10
= 177629.31419
= $177,629.31
In conclusion, the estimated amount of their annual living cost in 10 years from now will be $177,629.31.
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List the six guidelines that should be followed when creating an electronic version of a résumé.
The guidelines that must be included in a CV are: Important results obtained, keywords, reverse chronology, brief and concise, simple typography, check spelling and grammar.
What is a CV?The curriculum vitae is a term to refer to a brief summary of our training and work experiences and your professional skills. The curriculum vitae has the purpose of showing the suitability of our candidacy for a specific job position.
The curriculum vitae is an essential tool for the professional development of any person because it is the only way by which we can demonstrate that we are the ideal candidate to fill a job vacancy. A relevant aspect of the CV is that it must always be updated.
What are the six guidelines for a good CV?The guidelines to have an adequate CV are:
Important results obtained: In this section we must show the most important results that we have obtained in our career, for example a decrease in production costs, an increase in profitability, among others.Keywords: In our CV we must include keywords so that the interviewer or whoever reads our CV easily knows what our strengths are as employees.Reverse Chronology: In this section we must put our previous experiences. However, it is recommended to put the most recent first.Brief and concise: In all our CV we must use a brief and concise language that allows the interviewee to easily know our previous work and training information.Simple typography: The CV is a formal document, so we must use an appropriate typography. Therefore, it is recommended to use a simple font.Check spelling and grammar: Finally, it is recommended to carefully review the CV so that it is perfect, especially when it comes to spelling and grammar.Learn more about Curriculum vitae in: https://brainly.com/question/7417177
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What is the MOST effective way to express a communication goal?
Say it out loud but don't write it down.
Write it as a series of bullet points.
Write it as a complete sentence.
Draw a diagram of it.
Writing it as a complete sentence is the most effective way to express a communication goal. The correct option is C. Effective communication aims to transmit a message that is fully understood by the recipient and has the function of informing, motivating, or posing a question.
What is an effective way you use to communicate?Make eye contact, speak clearly, and keep your tone consistent. Maintain an open and easygoing body language. Add a summary as a conclusion, then quit. Even if it causes a pause in the conversation, summarize your response before ceasing all further speaking.
Eliminate all ambiguity in communication. Increase the rate of communication response. Create and strengthen relationships. Deliver communications in more different ways. Describe your motivation. Use reinforcement to effect change for the better.
Thus, the ideal selection is option C.
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Thus, the ideal selection is option C.
Do you think there are unintended or undesirable consequences of framing Arctic drilling as an “either-or” issue, i.e. as one that pits environmentalists against business leaders? Why or why not?
I believe that there are undesirable consequences of framing Arctic drilling as an issue of this and that because it confronts several positions on the same issue.
What is an undesirable consequence?An undesirable consequence is a term that refers to an event that occurs as a result of other or other events and that has the specific characteristics that it is undesirable, that is, it negatively affects a particular individual, group or situation.
How the drilling of the arctic produces undesirable consequences?The issue of drilling for fuel exploitation in the Arctic is a topic that causes controversy because it confronts different positions on the same issue. In this case, environmentalists have the position of defending the Arctic ecosystem, its fauna, and its flora. On the other hand, businessmen defend their position and their corporate and individual interests to exploit these places.
According to the above, it can be inferred that this issue creates an undesirable consequence due to the fact that an ideological and legal confrontation was generated between environmentalists and businessmen. On the other hand, this undesirable consequence can also have more serious results such as personal attacks and attacks against one of the two sides.
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When Samantha states I want to work with you and with the team to make this happen she is trying to establish credibility primarily in what way
Samantha is attempting to establish credibility, primarily in a caring manner, when she says I want to work with you and with the team to make this happen.
What is credibility?The believability of a source or message is made up of objective and subjective components, which together make up credibility. Since Aristotle's theory of rhetoric, credibility has existed. Rhetoric, according to Aristotle, is the capacity to identify potential persuasive arguments in any given circumstance.
.He separated the methods of persuasion into three categories: Ethos, which refers to the reliability of the source, Pathos, which refers to emotional or motivational appeals, and Logos, which refers to the logic employed to support a claim.
He believed that each of these methods has the power to persuade the recipient of a message. The speaker's persona is the subject of the term "Ethos," according to Aristotle. The speaker wants to come off as trustworthy. In actuality, the speaker's ethos is a rhetorical technique used by an orator to "inspire trust in his audience."
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according to the law of supply, price and quantity supplied have a(n) ______ relationship.
Price and amount provided have a positive relationship, according to the law of supply.
A positive relationship is one in which the two persons involved listen to one another, communicate openly and without bias, and appreciate and support one another both emotionally and practically.
In order to increase someone else's self-esteem, listening is an essential talent. It is the quiet type of flattery that makes individuals feel appreciated and encouraged. The key to a good interaction is to listen and comprehend what people are saying to us, and vice versa.
Building healthy connections has a good impact on our mental and physical health as well as our happiness, security, and sense of purpose in life. Relationships have health benefits: Our mental health is significantly influenced by our relationships.
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The _ excludes excise taxes but does not include changes in sales promotion
The producer price index excludes excise taxes but does not include changes in sales promotion.
The rate of change in prices of goods sold as they leave the producer is gauged by producer price index in the manufacturing sector. They do not include any taxes, shipping costs, or trade margins that the buyer could incur. PPIs offer measurements of the typical changes in prices that various commodity producers get. They are frequently seen as early warning signs of changes in economic pricing, especially those for consumer products and services. To gauge inflation in an economy, a number of price indices may be utilized.
These include GDP deflators, producer price indices, pricing indices for particular items and/or services, and consumer price indices (CPI) (PPI). This indicator is offered for both the global market and the domestic market, and it is calculated using both an index and an annual growth rate.
The correct question is, "The _____ excludes excise taxes but does include changes in sales promotion programs such as rebate programs and zero-interest loans."
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A new machine cost $500,000 and will produce net inflows of $100,000 pa for eight years, starting at time 3.
The machine will be located in an old building which cost $1million six years ago. The building could be sold now for $1.5million or for $4.0 million at the end of the project.
In addition to any costs above, to use the manufacturing process the company will have to pay a royalty of $1,000 pa
forever, starting now, for the use of a patent.
Using the NPV method and a discount rate of 10%, is the project worthwhile?
The project is not worthwhile using the NPV method and a discount rate of 10%.
How is the project's NPV determined?The cash inflows start at time 3. The present value for an annuity of $100,000 is computed for ten years in the first instance.
Then a second present value for an annuity of $100,000 is computed for 2 years.
The second PV is subtracted from the first to get the present value in 8 years starting from year 3.
Note that the building cost and its realizable values are ignored since they are sunk costs and irrelevant to this decision.
Present Value of $100,000 for 10 years:N (# of periods) = 11 years
I/Y (Interest per year) = 10%
PMT (Periodic Payment) = $100,000
FV (Future Value) = $0
Results:
PV = $614,456.71
Sum of all periodic payments = $1,000,000
Total Interest = $385,543.29
Present Value of $100,000 for 2 years:N (# of periods) = 2 years
I/Y (Interest per year) = 10%
PMT (Periodic Payment) = $100,000
FV (Future Value) = $0
Results:
PV = $173,553.72
Sum of all periodic payments = $200,000
Total Interest = $26,446.28
Present Value of a Perpetual Royalty = Annual Cash Flow/Discount Rate
= $10,000 ($1,000/10%)
Present of Cost = Cost of new machine and the PV of Perpetual Royalty
= $510,000 ($500,000 + $10,000)
Present of Cash Inflows = $440,902.99 ($614,456.71 - $173,553.72)
Net present value for 8 years = -$69,097.01 ($440,902.99 - $510,000)
Thus, the project yielded a negative NPV and should be rejected.
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An e-commerce company is collaborating with artisans from all over the world to sell the artisans' products. Accenture is helping this client build a platform that will maintain the integrity of the artisans' credentials by creating digital identities for them. This creates a privacy-preserving link between the products and the artisan's unique identities.
How will these digital identities help these artisans?
How will these digital identities help these artisans?
These digital IDs will enable craftsmen to communicate with e-commerce companies and gather customer data to target a particular clientele.
This is further explained below.
What is e-commerce?Generally, The term "eCommerce," which may also be referred to as "electronic commerce" or "internet commerce," describes the process of purchasing and selling products or services via the use of the internet, as well as the transfer of monetary value and data in order to carry out these financial dealings.
As a result, Accenture will lend a hand in further formalizing the work that craftsmen do, all the while protecting the unique identities of the artisans and the confidentiality of the relationships between items.
Craftspeople will have a higher ability to develop their work in a manner that is more secure thanks to the introduction of digital identities, as well as the option of receiving more information about the customer who purchases their work.
Craftspeople are able to improve their understanding of the demographics of their customers and tailor their work to the requirements and preferences of that audience.
As a result, they are able to better segment their market and see an increase in revenue
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I need help!!! offering brain list (25 points)
Jonathan and his partner Drew need to write paperwork to satisfy vendor requirements for their house show. Exchange of value; offer and acceptance is a crucial contract-drafting premise. Option B
This is further explained below.
While drafting a contract, what key principles should Jonathan and Drew remember?Generally, Jonathan and his partner Drew understand they need to create a document to address stipulations for working with their vendors who supply building materials and home decor staging products for their home show.
While drafting a contract, the Exchange of value; offer, and acceptance is a key principle they should both remember. Option B
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Laura buys a bond that McDonald’s sells to raise funds.
Stan sells new cars at a local dealership. He receives a 32% commission on the profit. Last month he sold 20 cars, for a total of $21,385 dealer profit. How much did he earn in commission?
On the revenue, he gets a 32% commission. He sold 20 cars in the past month, generating a dealer profit of $21,385. He receives $6843.2 in commission.
Commission: What does that mean?A commission in business is a payment made to a person or organization based on the sale of a good or service; it is typically measured as a percentage. Gross margin times the proportion of commissions is the most common commission formula.
The percentage or fixed payment attached to a specific volume of sales is known as the commission rate. For illustration, a fee can be $30 for each sale or 6% of sales.
How are commissions determined?Simply multiply the sale price by the commission rate and divide the result by 100. Consider this calculation: A blue widget costs $70. The salesperson is paid on commission; each deal nets him or her 14%, or $9.80.
In the above questions:
sales total made= $ 21,385
percentage of commission= 32%
Commission amount= 21,385 X 32%
= $6843.2
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Describe the battle between the retail supermarket and the e-commerce platform in the world
HELP ME !!!
There is an endless battle between the retail supermarket and e-commerce. Both sectors want their revenue and profits high so they use their own techniques.
What is E-Commerce?E-Commerce is the online shopping platform that has provided a cutting edge technology and ease to the buyers. This platform enables the buyer to make purchases without visiting the store.
Retail supermarkets claim that they have a large variety of products that are displayed on the store which can be seen easily by the buyer and their complete details are available including the manufacturing and expiry date. E-Commerce provide the comfort purchasing but is a little costly as the shipping is not always free. However when visiting a retail supermarket it seems difficult to walk around and find the wanted products which in e-commerce is just a search bar away.
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What is the financial advantage (disadvantage) of investing an additional $140,000 in fixed selling expenses?
Based on the number of units that Andretti Company can produce and the the incremental fixed selling expenses, the financial advantage (disadvantage) is $1,033,480
How to find the financial advantage(disadvantage)?First, the incremental contribution margin that would result from the increase in fixed selling expenses needs to be calculated.
That incremental contribution margin is:
= (88,000 x 0.35) x (60 - 7.50 - 10 - 2.70 - 1.70)
= $1,173,840
The financial advantage (disadvantage) is:
= Incremental contribution margin - additional fixed selling expense
= $1,173,840 - 140,000
= $1,033,480
Full question is:
Assume that Andretti Company has sufficient capacity to produce 118,800 Daks each year without any increase in fixed manufacturing overhead costs. The company could increase its unit sales by 35% above the present 88,000 units each year if it were willing to increase the fixed selling expenses by $140,000. What is the financial advantage (disadvantage) of investing an additional $140,000 in fixed selling expenses?
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Explain the advantages/disadvantages to each of the projects Bocavista
The advantages/disadvantages to each of the projects Bocavista are explained below.
Bocavista offers the apartments for rent in Altamonte Springs, FL, where convenience and luxury combine with an ideal location. Here, the project cannot be planned for all subjects and whole subject matter cannot be taught by this strategy.
A disadvantage of this is that the organization can have several projects, the resources may be doubled and thus there may be miscommunication when it comes to allocating such resources. Also, due to great amount of power of project manager, it can be an issue for members of the team.
Hence, this project method emphasizes the concept of learning by doing.
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What is the best example of controlling a fixed variable cost?
setting a thermostat
using a fireplace instead of an electric heater
determining when “off-peak” hours at the electric company are and only doing your laundry during that time
all of the above
The best example of controlling a fixed variable cost is: C. determining when “off-peak” hours at the electric company are and only doing your laundry during that time.
What is a fixed cost?A fixed cost simply refers to a predetermined expense in a business that remains constant for a specific period of time, regardless of the quantity of production or level of outputs in a plant.
In Economics, some examples of fixed costs in business are as follows:
InsuranceLeaseUtilitiesLoan paymentsRentEmployee salaryDepreciationOn the other hand (conversely), a variable cost simply refers to the cost that changes with respect to the level of production or the amount of output produced.
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3.Part 2 Management agency agreement – complete and submit for marking Maria’s agreement only.
Any agreement that a borrower or a member enters into to hire a person to help manage the property or a portion of it is referred to as a managing agent agreement.
An agency agreement is used when a manager authorises a worker to carry out a certain duty while they are on the job. In this case, a contract defining the agent's numerous duties may be drafted.
Kinds of agency contracts:
Agency exclusivity agreements. For the selling of residential property, exclusive agency agreements are frequently employed.exclusive agreements. Similar to an exclusive agency arrangement is a sole agency agreement.Multiple listing, general listing/ open agency agreement.To know more about agency agreement refer to the given link:
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After submitting a résumé by mail, how long should you wait before following up with an employer?
a.
1 day
b.
2-3 days
c.
1 week
d.
2 weeks
Answer:
1 week
Explanation:
because you didn't know if the employer has seen the mail or not
Medical staff at a small local clinic are exploring key legal considerations and responsibilities related to protecting patients from the spread of viruses. Describe and explain key factors a company would need to consider in relation to business protection, employees, and insurance in the face of a global pandemic.
The key factors which a company would need to consider in relation to business protection, employees, and insurance in the face of a global pandemic is by extending social protection, and putting health and safety first.
Firstly, key factors which a company would need to conside in the face of a global pandemic is to keep their employees informed of the travel restrictions, government announcements, and offer them work from home options.
Supoose, if this is not feasible and one's business is considered essential. It is necessary for them to take steps to minimize virus transmission risk at their place of work.
Thus, this includes social distancing, frequent sanitization, and splitting shifts.
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Match the terms to their definition.
1. capital gains
2. commission
3. dividends
4. income.
5. Interest
6. stockholder
7. taxable income
an individual who owns one or
more shares of stock in a joint stock
company
the money received for work or
products sold and from other sources,
such as rent or investments
money paid to people who own
stock in a company from the company's
earnings
income earned by the sale of
assets, such as stocks or property, which
Income is the difference between the
price paid and the selling price
the portion of income that is subject
to being taxed
money the bank gives you when
you keep your money in one of their
accounts
a fee paid to an employee for their
sale or services, which fee is usually
based on a percentage of the sale price
The terminologies should be matched with their definition as follows:
Stockholder: an individual who owns one or more shares of stock in a joint stock company.Income: the money received for work or products sold and from other sources, such as rent or investments.Dividends: money paid to people who own stock in a company from the company's earnings.Capital gains: income earned by the sale of assets, such as stocks or property, which income is the difference between the price paid and the selling price.Taxable income: the portion of income that is subject to being taxed.Interest: money the bank gives you when you keep your money in one of their accounts.Commission: a fee paid to an employee for their sale or services, which fee is usually based on a percentage of the sale price.Who is a stockholder?A stockholder can be defined as an independent individual, organization or social group that has an interest in a particular business firm (company), and as such they can either affect or be affected by the decisions taken in the business.
In conclusion, it is very important for every business owners and stockholders to consider the consequences of capital gains tax and income tax when selling an investment.
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3.Part 2 Management agency agreement – complete and submit for marking Maria’s agreement only.
A managing agent agreement is any contract that a borrower or member signs to appoint someone to assist in managing the property or a portion of it.
What are the types of agency agreements?When management gives a worker permission to perform a certain task while they are on the job, an agency agreement is employed. A contract outlining the agent's various responsibilities may be established in this situation.
exclusivity contracts for agencies.exclusivity contracts for agencies. Exclusive agency agreements are regularly used when selling residential property.Exclusive deals. A solitary agency agreement is comparable to an exclusive agency arrangement.Agreement for multiple listings, general listings, and open agencies.To learn more about agency agreements, use the given link.
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Oceanic Company has 15,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends:
20Y1 $33,800
20Y2 9,000
20Y3 67,500
Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
The determination of the dividends per share for the cumulative preferred stock and the common stock for each is as follows:
20Y1 20Y2 20Y3
Dividend per share:Preferred Stock $1.50 $0.60 $2.40
Common Stock $0.22 $0 $0.63
How is the dividend per share determined?The dividend per share is the allotted dividend divided by the number of shares in the issue for each class of stock.
However, the dividend is first allocated to the preferred stockholders before the common stockholders.
In any year where the dividend is not sufficient for the cumulative preferred stockholders, whatever is available is shared with the preferred stockholders with the common stockholders getting nothing.
In the year that sufficient dividends exist, the cumulative preferred dividend arrears must be settled in addition to the year's fixed dividend.
Cumulative Preferred 3% Stock = 15,000 shares
Par value = $50
Value of Cumulative preferred stock, 3% stock = $750,000 (15,000 x $50)
Fixed preferred dividend each year = $22,500
Common Stock = 50,000 shares
Par value = $30
Value of Common stock = $1,500,000 (50,000 x $30)
Dividend Distribution Preferred Common Stock
20Y1 $33,800 $22,500 $11,300 ($33,800 - $22,500)
Dividend per share $1.50 $0.226 ($11,300/50,000)
20Y2 9,000 $9,000 $0
Dividend per share $0.60 $0
20Y3 67,500 $36,000 $31,500 ($67,500 - $36,000)
Dividend per share $2.40 $0.63 ($31,500/50,000)
Preferred stock dividend for 20Y2 = $36,000 ($13,500 + $22,500)
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On January 1, 2014, Bottle Rockets Company purchased a general liability insurance policy for $9,000 to provide coverage for the calendar year. 1. If the company recorded the policy as an asset when purchased, what is the monthly adjusting journal entry that should be recorded at January 31, 2014?
The monthly adjusting journal entry on January 1, 2014
Account title Debit Credit
Prepaid Insurance (9000*11/12) 8250
Insurance expense 8250
Journal entry is the act of maintaining or making statistics of any transactions both monetary or non-monetary. Transactions are indexed in an accounting magazine that indicates a business enterprise's debit and credit balances. The magazine entry can consist of several recordings, every of which is both a debit or a credit score.
Journal entry is used to document a commercial enterprise transaction in the accounting data of a commercial enterprise. A journal entry is typically recorded inside the trendy ledger; alternatively, it could be recorded in a subsidiary ledger which is then summarized and rolled forward into the general ledger.
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Discuss why competition should be seen as a process, not a state.
Competition should be viewed as a process rather than a state entity because it generates jobs and gives people a selection of employers and workplaces, Through business regulation, competition also lessens the need for governmental intervention.
A competitive free market benefits consumers, and society, and protects individual liberties. Competition is an ongoing process of creation, coordination, and discovery.
Competition describes a situation in a market where businesses or sellers compete with one another for customers' business to achieve a specific business goal, such as profits, sales etc.
Market access is ensured by competition for both consumers and businesses. The prices offered to consumers are significantly reduced because of increased competition brought on by the quick emergence of new players.
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To prepare for a health emergency, what is a good way to ensure you will not be faced with huge medical bills?
Answer: pay extra for a health plan that pays more for each medical incident
Explanation: Paying medical bills is a struggle for a lot of people, which means there's actually a well-trodden path to figuring out what to do about them. You just have to know where to look and how to ask.
Answeryy
save money
Explanation:
What is another name for the manufacturing industry?
quaternary
tertiary
secondary
primary
In level of production, the other name for the manufacturing industry is a secondary industry.
What are level of production?Basically, a production refers to the act of manufacturing from raw materials or the process of being so manufactured into final and finish goods. The levels of production is an effective way of classifying production, that is, the amount of level of operation of production of a country which is affected by the resources available and the extent to which a country is able to exploit the resources available.
The level of production are often classified into:
primary productionsecondary productiontertiary production.Read more about production
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