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3 years ago

What does an effective financially plan do

1 answer:

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The Benefits of Having a Certified Financial Planner™ Creating a financial plan helps you see the big picture and set long and short-term life goals, a crucial step in mapping out your financial future. When you have a financial plan, it's easier to make financial decisions and stay on track to meet your goals.

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John, Jay, and Jeff each have an ownership interest in Three Guys Burgers, Inc. Based on the following information, which of the

eimsori [14]

Answer and Explanation:

Material participation in the business is when involvement in the business activity exceeds 500 hours during the year. Furthermore, if the activity is a significant activity of participation and the number of aggregate hours worked in all such activities exceeds 500 hours per year, of that kind participation is also construed as material participation.

Therefore, the participation of John and Jeff would be considered as material.

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4 years ago

In the Solow growth model, where s is the saving rate, y is output per worker, and i is investment per worker, consumption per w

Vaselesa [24]

Answer:

A. (1 – s)y.

Explanation:

Solow growth model describes how saving, population growth, and technological change affect output over time and describes changes in the economy over time.

In the Solow growth model, where s is the saving rate, y is output per worker, and i is investment per worker, consumption per worker (c) equals:(1 – s)y

8 0

3 years ago

In the textbook by Kathleen Allen, she describes a sample protection net for an integrated circuit by describing 15 different it

Angelina_Jolie [31]

Answer:

The answer to this question can be defined as follows:

Explanation:

In option 1, Design safety for IP- It is the enrollment of design gives its designer to its exclusive privilege to use and enable others to be using the layout, which includes the right to produce, offer, market, import, use, or store for such reasons, an item where the design is implemented. Its design wind safety results vary between 5 and 25 years from region to region.
In option 2, Trade protection- A trade secret is a kind of industrial assets in the form of a non-publicly recognized and reasonably analyzable system, process, method, layout, tool, pattern, collection. It ensures a competitive edge because of its holders. Its proprietor should keep it private if a company's mystery is to be efficient.
In option 3, Its technology License for making a production comes which other rivals can not use to produce a semi-driver of this kind.

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3 years ago

(Identifying spontaneous, temporary, and permanent sources of financing) Classify each of the following sources of new financ

Ivanshal [37]

Answer:

a) Permanent source of finance

b) Spontaneous source of finance

c) Permanent source of finance

Explanation:

With transaction b), The credit is for day to day operations making it a spontaneous funding but credit usually do not take more than 90 days to pay therefore temporal can also fit in nonetheless Spontaneous is more appropriate as the credit is a spontaneous source of funding.

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4 years ago

Blue Corporation manufactures drones. On December 31, 2019, it leased to Althaus Company a drone that had cost $156,000 to manuf

Sauron [17]

Answer:

See the journal entries below.

Lease receivable = $235,757.58

Explanation:

Before the journal entries are prepared, the present value of the annual rentals or lease receivable is first calculated using the formula for calculating the present value of an ordinary annuity due since the annual rentals is payable each December 31, beginning December 31, 2019 as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) * (1 + r) …………………………………. (1)

Where;

PV = Present value annual rentals or lease receivable = ?

P = Annual rentals = $52,800

r = Interest rate = 6%, or 0.06

n = number of years the lease agreement covered = 5

Substitute the values into equation (1), we have:

PV = $52,800 * ((1 - (1 / (1 + 0.06))^5) / 0.06) * (1 + 0.06)

PV = $235,757.58

The journal entries will now look as follows:

Date Account Tittle Debit ($) Credit ($)

31-Dec-19 Lease Receivable 235,757.58

Cost of Goods Sold 156,000.00

Sales Revenue 235,757.58

Inventory 156,000.00

(To record the lease.)

31-Dec-19 Cash 52,800.00

Lease Receivable 52,800.00

(To record the receipt of lease payment.)

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3 years ago