Answer:
- Debit Retained Earnings $500.
- Credit Dividends for $500.
Explanation:
Dividends are payments to shareholders as a means of sharing company profits to them.
As they are a means of sharing profits, they will be paid from the Retained Earnings account. As this is an Equity account, it should be debited when it is to be reduced so Retained Earnings will be debited by $500 which is the dividend amount.
The dividend account will be credited to indicate that this is a debt that needs to be paid to shareholders so the Dividends account will be credited by $500.
Answer: D. Unemployment rates are rising while GDP is falling.
Explanation:
A rising Gross Domestic Product (GDP) and a low unemployment rate are signs that an economy is doing well because it shows that the economy is growing and people have jobs that can give them access to income to spend in the economy.
If Unemployment starts rising therefore and GDP is falling, the economy is not growing but is rather contracting. People increasingly do not have access to income to spend on goods and services and companies are not hiring people because they are unable to sell as much goods and services.
Answer: Target market
Explanation:
The target market is one of the group of the customers where the various types of firms are targeting for the purpose of selling their products and the services.
For developing the various types of marketing based plans in an organization the target market is one of the initial step in the planning process.
According to the given question, Jeremy is running the shop in mexico where they sell the Scuba diving equipment and he start making the various types of marketing programs for the purpose of attract the diver by using the target market.
Therefore, Target market is the correct answer.
Answer:
The amount to be deposited each year till retirement = $2,287.31.
Amount needed on the retirement date = $2,343,311.99.
Explanation:
Amount needed on the retirement date in order to support the withdrawals post retirement is $2,343,311.99.
calculated using the PV function of Excel as follows: See the first attached file
The amount to be deposited each year till retirement is $2,287.31.
calculated using PMT function of Excel as follows: See attache file 2
Answer:
$651
Explanation:
For computation of Break-even monthly rent per apartment first we need to find out the monthly rent which is shown below:-
Monthly costs = Mortgage payment + Real estate taxes + Insurance costs + Maintenance costs
= $940 + ($1,440 ÷ 12) + ($900 ÷ 12) + (2 × ($1,000 ÷ 12)
= $940 + $120 + $75 + $167
= $1,302
Break-even monthly rent per apartment = Monthly costs ÷ 2
= $1,302 ÷ 2
= $651
Therefore we have applied the above formula.
We ignored the income tax as it is not relevant also it is tax deductible expense
