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mylen [45]
2 years ago
15

While everyone's personal financial goal will be to their situation, the means for achieving them will be similar. what is one o

f the most common ways people work to reach their financial goals?
A) decrease their savings
B) decrease their income
C) increase their savings
D) increase their spreading​
Business
1 answer:
kogti [31]2 years ago
3 0

Answer:

C) increase their savings

Explanation:

Saving is the act of setting aside a portion of one's income in a secure location rather than spending it. It's a method that businesses and individuals utilize to meet their financial goals. Saving consistently throughout time helps to acquire a significant sum of money that can be used to achieve financial goals. While saving is not the primary financial goal, it is a means to that end. If one's objective is to acquire a home or a car, for example, they begin saving for the down payment. Saving aids them in achieving their long-term objectives.

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Baillie Power leased high-tech electronic equipment from Courtney Leasing on January 1, 2021. Courtney purchased the equipment f
Sholpan [36]

Answer:

Beginning Installment Interest Ending

1 144,605.00 20,000            0         124,605

2 124,605.00 20,000     3,738.15 108,343

3  108,343.15 20,000     3,250.29   91,593

4   91,593.44 20,000      2,747.80   74,341

5    74,341.25 20,000      2,230.24  56,571

6    56,571.48 20,000       1,697.14 38,269

7   38,268.63 20,000       1,148.06   19,417

8     19,416.69 20,000        582.50          0

Journal entries:

Cash 20,000 debit

lease receivables 124,605 debit

          Lease Equipment      144,605 credit

--Jan 1st

cash 20,000 debit

   interest revenue 3,738.15 credit

--March 31st

cash 20,000 debit

   interest revenue  3,250.29 credit

  lease receivables 16749.71  credit

--June 30th

cash 20,000 debit

   interest revenue 2,747.80 credit

  lease receivables 17252.20 credit

--Sep 30th

cash 20,000 debit

   interest revenue    2,230.24 credit

   lease receivables 17,769.76 credit

--Dec 31st

Explanation:

<em><u>Present value of the lease payment:</u></em>

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 20,000

time 8 (eight quarters)

rate 0.03 (12% annual --> divided among four quarters = 3%)

20000 \times \frac{1-(1+0.03)^{-8} }{0.03} = PV\\

PV $144,605.6591

We build the table starting from the present value. Then, we subtract hte installment and in the second period we start doing interest calculations

(not in the firt one as it is being paid in the present thus, no interest accrued)

8 0
3 years ago
When savings accumulate beyond what may be needed for short-term goals and emergencies, then you have money available for invest
sasho [114]

Answer: True

Explanation:

 Yes, the given statement is true that the short term goals are refers to the goals that is achieved in short period of time by establishing a proper financial planning and also manage our expenditure for the purpose of investing the various types of goals.

According to the given question, For the purpose of investing we need availability of the money for setting the each goals in prioritized way and also eliminating the credit and debt funds.  

 Therefore, The given statement is true.

7 0
3 years ago
A mutual fund sponsor wants to hold a sales contest to promote sales during the typically slow month of January. The terms of th
Valentin [98]

Answer: Under FINRA rules, this is an example of<em><u> non-cash compensation and is prohibited.</u></em>

FINRA forbids enrolled individuals from accepting a acquisition in the sum of more than $100, and also forbids representatives from accepting "non-cash compensation".

The mutual fund sponsor is not the employer of the registered representative - the representative is an employee of the broker-dealer who is in the mutual fund selling group. The benefactor is not permitted to hold such contest - only the employing organizations can hold such contest, provided that it cannot favor the sale of one fund over another. This is an example of "non-cash compensation" under FINRA rules and is prohibited.

3 0
3 years ago
Select all that apply. Select the items that describe what most likely happens when the Federal Reserve increases the money supp
11111nata11111 [884]

Answer:

Businesses borrow more money.

Consumption increases.

Explanation:

The Federal Reserve is the body responsible for conducting monetary policy in the US. Monetary policy basically consists of two actions. The increase / decrease in the money supply in the economy and the increase / decrease in the interest rate. These actions may happen together, but they are technically independent.

When the Federal Reserve increases the supply of money in circulation, more money is circulated through loans and personal spending. This is considered a policy of stimulating the economy and can be done independently of interest rate changes, although the reduction of interest is also a stimulus monetary policy that can be done in conjunction with the increase in the money supply.

5 0
3 years ago
Q 1.6: Ginni founded Waggstooth Manor Doggie Day Care and, after a year in business, formed a partnership with her husband, Warr
iris [78.8K]

Answer:

Both Ginni and Warren

Explanation:

Both Ginni and Warren, because both partners have unlimited personal liability. In any case of wimhich partner owns a larger percentage of the company, still both of them are equally liabile.

8 0
3 years ago
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