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1 year ago

What tends to happen to the accuracy of our savings goals as our investment horizon becomes longer?

1 answer:

6 0

We are less able to accurately estimate the amount we will need tends to happen to the accuracy of our savings goals as our investment horizon becomes longer.

Secured Goals is part of an account that is structured to save only your money and save that as well, all the difference is this is a great dividend saving account to protect against accidental spending. When you open a protected savings fund, a savings goal is automatically created or credit installments are created only at the end of each month.

Setting goals helps investment horizon you break down the saving process to make it easier and more convenient. Setting goals saves time.

Learn more about investment horizon at

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Flowchart of Accounts Related to Service and Processing Departments

MakcuM [25]

Answer:

Main route:

Smelting --> Rolling --> Converting --> Sheared Sheet

Secondary route -->

Smelting --> Rolling --> rolled sheet

1) Smelting trasnferred materials into Rolling

2) It will be part of that department work in process inventory

"WIP SConverting debit then factorty overhead credit"

Later it will be transferred out as a complete process therefore,

Finished good Inventory - Shared sheet

3) the Smelting department transfer the entire of his output into Rolling department

4) the finished good will become cost of good solg once they are sold.

Explanation:

We have to read he description of how the processing system works and check to whichdeparmtent are the goods being transferred or sold.

7 0

2 years ago

What is operating leverage, and how does it affect a firm's business risk?a. Show the operating break-even point if a company ha

raketka [301]

Answer:

$10

Explanation:

cause 1f

6 0

3 years ago

Concord Company pays cash dividends of $670. The entry for this transaction will include a debit of $670 to

kow [346]

Answer:

c. Dividends

Explanation:

Whenever, dividends are recorded as a liability then that amount is charged against retained earnings, but the final entry for payment of dividend =

Dividend A/c Dr. $670

To Cash A/c. $670

Also at the time of recording as an expense, entry will be

Retained Earnings A/c Dr. $670

To Dividend A/c $670

Since retained earning balance will be reduced and finally cash balance will also be reduced.

Therefore, entry for payment will include debit to

c. Dividends

4 0

3 years ago

Joe Donney operates a roller skating center. He has just received the monthly bank statement at August 31 from Citizens National

dlinn [17]

Answer:

Donney actually have $1,577 at August 31, 2014

Explanation:

Prepare a Bank reconciliation to determine the accuracy of the Cash Balance using the following steps

Step 1

Update the Cash Book (Bank Column) Balance

Cash Book (Bank Column)

Debit :

Balance as at August 31 $1,620

Rent collection $375

Total $1,995

Credit :

Service charge $9

Dishonored Checks $137

Printing Charge $20

Error : Understatement $252

Balance as per updated CB $1,577

Total $1,995

Step 2

Prepare a Bank Reconciliation Statement

Bank Reconciliation Statement as at August 31

Balance at Bank as per updated Cash Book $1,577

Add Unpresented Checks $756

Less Lodgements not yet credited ($1,695)

Balance as per Bank Statement $638

Conclusion :

Now that we have reconciled the Updated Cash Balance of $1,577 to the Bank Statement we can safely say Donney actually has $1,577 cash at August 31, 2014.

3 0

3 years ago

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2 years ago